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BAC

A significant bearish stance has been taken on Bank of America (NYSE:BAC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 43% bullish and 56% bearish. The whales have been targeting a price range from $13.0 to $35.0 for Bank of America over the last 3 months. BMO Capital, Oppenheimer, and Morgan Stanley have maintained their respective ratings on Bank of America, with price targets of $40, $49, and $32.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

ADP

A significant bearish stance has been taken on Automatic Data Processing (NASDAQ:ADP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $220.0 to $230.0 for ADP over the last 3 months. Morgan Stanley and Barclays have maintained their Equal-Weight and Overweight ratings on ADP, with price targets of $250 and $280 respectively.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $60.0 to $185.0 for Atlassian over the last 3 months. UBS has downgraded its action to Neutral with a price target of $225. Atlassian's next earnings are expected to be released in 3 days.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

SPG

Simon Property Group has projected its FY23 FFO to be between $12.15 and $12.25.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:13 pm

TLT

The US Treasury Department's quarterly refunding announcement is expected to reveal its strategy to increase sales of long-term debt. This comes as long-term bonds have been falling for weeks, despite the Federal Reserve hinting at a possible cessation of interest rate hikes. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has fallen 18% year to date, following a 33% drop in 2022. Market participants are watching to see if the pace of expansion in longer-term debt sales will continue.

Portfolio Pulse from Piero Cingari

October 30, 2023 | 8:13 pm

PINS

Pinterest has reported an 8% year-on-year increase in its Q3 global monthly active users (MAUs), reaching 482 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:10 pm

AMKR

Amkor Technology has projected its Q4 earnings per share (EPS) to be between $0.32 and $0.49. The company also expects its revenue to be between $1.625 billion and $1.725 billion, which is lower than the estimated $1.87 billion.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:10 pm

VFC

V.F. Corporation has withdrawn its previous FY24 revenue and earnings guidance, expecting a significant negative impact on revenue and profit in 2H'FY24. Factors include poor performance of Vans and a challenging US wholesale environment. The company now projects its free cash flow for FY24 to be around $600 million, down from the previous guidance of $900 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:10 pm

ANET

Arista Networks has projected its Q4 revenue to be between $1.5 billion and $1.55 billion, which is higher than the estimated $1.47 billion.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:06 pm

PNXP

Pineapple Express Cannabis Company (OTCPK: PNXP) is offering up to 5 million shares of its common stock at $1 per share, aiming to raise $5 million. The shares are available to accredited investors in compliance with Regulation D, Rule 506(c) under the Securities Act of 1933. The funds raised will be used for the company's strategic plan of launching 10 fully licensed retail cannabis dispensaries in the metro Los Angeles area and financing general corporate operations.

Portfolio Pulse from Joana Scopel

October 30, 2023 | 8:04 pm