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ADBE

ICG

MLGO

PGY

VNET

WRAP

Technology stocks are experiencing a rebound following a period of weakness. The stocks mentioned include ADBE, ICG, MLGO, PGY, VNET, and WRAP.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:54 pm

ARCO

Traders are circulating a popular micro-stock newsletter that has picked Arcos Dorados (ARCO) as a stock to watch.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:52 pm

USO

The World Bank warns that the ongoing conflict in the Middle East could potentially drive oil prices up to $157 per barrel. The report outlines three scenarios: a small disruption could lead to a 3-13% price increase, a medium disruption could result in a 21-35% price increase, and a large disruption could cause a 56-75% price surge. The United States Oil Fund (NYSE:USO) has shown little appreciation since the start of the conflict.

Portfolio Pulse from Piero Cingari

October 30, 2023 | 4:51 pm

GME

GameStop Corporation (NYSE:GME) shares hit a new 52-week low of $12.59 on Monday, trading below its 50-day moving average of $16.38. The stock has dropped more than 20% over the last month. On Sept. 28, GameStop announced that its board of directors had elected Ryan Cohen as president and CEO, who will not receive compensation for his role. GameStop's stock is known for starting the 'meme stock' craze and 20.11% of available GME shares are being sold short.

Portfolio Pulse from Erica Kollmann

October 30, 2023 | 4:47 pm

UBER

A significant bearish stance has been observed in Uber Technologies' options activity. Out of 17 unusual trades, 76% were bearish and 23% bullish. The total amount for puts was $2,670,584 and for calls, $322,990. Whales have been targeting a price range from $35.0 to $65.0 for Uber over the last 3 months. The price of UBER is up 2.13% at $42.11. Seaport Global downgraded its action to Buy with a price target of $51.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:45 pm

PDD

Unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $70.0 to $150.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 1.11% at $109.48.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:45 pm

MELI

A significant investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 65% of the observed trades being bearish. The whales have been targeting a price range from $1080.0 to $1540.0 for MercadoLibre over the last 3 months. The price of MELI is currently up 1.44% at $1217.7, and the RSI indicators suggest that the stock may be approaching overbought. The company's next earnings are expected to be released in 2 days.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:45 pm

ACLS

ADI

AEHR

NXPI

SLAB

SMTC

STM

Shares of semiconductor and chip stocks are trading lower in sympathy with ON Semiconductor after it reported weak Q3 results and issued poor guidance. This has affected other companies in the sector including ACLS, ADI, AEHR, NXPI, SLAB, SMTC, STM.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:45 pm

AMZN

Amazon's shares are trading higher due to better-than-expected Q3 financial results and strong Q4 guidance. The overall tech sector is also rebounding.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:42 pm

AAPL

AMC

CMCSA

The movie adaptation of the video game 'Five Nights at Freddy's' topped the domestic box office with $78 million, beating Taylor Swift's concert film 'The Eras Tour'. The movie was released by Universal, a unit of Comcast Corporation (NASDAQ:CMCSA), and simultaneously released on the Peacock streaming service. The Taylor Swift concert film, distributed by AMC Entertainment Holdings Inc (NYSE:AMC), came in second place for the weekend with $14.7 million. Ranking third for the weekend was 'Killers of the Flower Moon', a film from Apple Inc (NASDAQ:AAPL).

Portfolio Pulse from Chris Katje

October 30, 2023 | 4:33 pm