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AMZN

GOOGL

Mizuho analyst James Lee reiterated a Buy rating on Amazon (AMZN) and Alphabet (GOOGL), with price targets of $180 and $150 respectively. Lee's ad tracking shows both platforms gaining market share, with Amazon's ad spending and e-commerce revenue growth exceeding expectations. For Google, ad tracking was solid and advertising revenue is expected to be in line or modestly above consensus. However, Lee noted that Google's consensus operating expenditure growth for 2H23 appears aggressive without meaningful cost cuts.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 6:12 pm

DY

T

Raymond James analyst Frank G. Louthan upgraded Dycom Industries Inc (NYSE:DY) to Strong Buy from Outperform and maintained the price target of $120.00. The upgrade is due to a favorable outlook from one of its major customers, AT&T Inc (NYSE:T), which expects full-year adjusted EBITDA growth of better than 4% and full-year free cash flow of about $16.5 billion. Dycom is seen as a direct beneficiary of this trend due to its leading position as the engineering and construction services provider to major players like AT&T.

Portfolio Pulse from Lekha Gupta

October 20, 2023 | 6:11 pm

MAN

ManpowerGroup Inc. reported better-than-expected Q3 earnings but missed revenue estimates. The company also provided lower-than-expected Q4 EPS guidance. Following the earnings announcement, BMO Capital and Truist Securities lowered their price targets on ManpowerGroup.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 6:06 pm

SPY

A Politico reporter tweeted that Jordan lost by secret ballot, according to a source. The SPY ETF was mentioned in the article.

Portfolio Pulse from Charles Gross

October 20, 2023 | 6:03 pm

ASML

A significant amount of unusual options activity has been detected for ASML Holding (NASDAQ:ASML), with a bearish stance being taken by a majority of investors. Of the 23 strange trades detected, 60% were bearish and 39% bullish. The total amount for puts was $607,663 and for calls was $458,882. Whales have been targeting a price range from $360.0 to $650.0 for ASML Holding over the last 3 months. The current price of ASML is up 0.22% at $589.03. JP Morgan and Susquehanna have maintained their Overweight and Positive ratings on ASML Holding respectively.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 6:00 pm

TGTX

Over the last quarter, TG Therapeutics (NASDAQ:TGTX) has received a mix of bullish and bearish ratings from analysts. The company's average 12-month price target is $24.8, a decrease of 5.42% from the previous average of $26.22. Analysts' ratings are based on research, company financial statements, and insider communication.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 6:00 pm

HD

A significant amount of bearish options activity has been observed for Home Depot (NYSE:HD), with 70% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $799,155, compared to calls totaling $51,646. Whales have been targeting a price range from $280.0 to $375.0 for Home Depot over the last 3 months. The current price of HD is $287.04, up 0.09%. Analysts from Truist Securities, HSBC, and Telsey Advisory Group have maintained their ratings on Home Depot, with price targets of $341, $365, and $330 respectively.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 6:00 pm

COST

A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $500.0 to $740.0 for Costco Wholesale over the last 3 months. The price of COST is currently down -1.12% at $559.32. B of A Securities, Roth MKM, and DA Davidson have maintained their ratings on Costco, while Telsey Advisory Group downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 6:00 pm

BIG

Over the past 3 months, 5 analysts have published their opinion on Big Lots (NYSE:BIG) stock. The analysts have an average price target of $6.3 versus the current price of Big Lots at $4.59, implying upside. This current average has increased by 11.11% from the previous average price target of $5.67.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 6:00 pm

NOK

Nokia Corp (NYSE:NOK) reported a 20% YoY decline in Q3 FY23 net sales to $5.42 billion, missing the consensus of $6.20 billion. The company reiterated its full-year 2023 net sales of $26.19 billion with a comparable operating margin of 11.5%-13.0%. Following the announcement, analysts from Raymond James and Goldman Sachs lowered their price targets on Nokia. The company's shares fell 0.2% to trade at $3.2050 on Friday.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 6:00 pm