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The Arora Report suggests that the 40-year bull market in bonds and stocks has ended due to the end of four megatrends. Fed Chair Powell and President Biden confirmed the end of two of these megatrends. The report also mentions positive early trade money flows in Meta Platforms Inc and Microsoft Corp, and negative flows in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, NVIDIA Corp, Tesla Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1. The report also mentions buying trends in gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

October 20, 2023 | 3:36 pm

AAPL

AT&T reported Q3 FY23 revenues of $30.35 billion, up 1% YoY, beating the consensus of $28.69 billion. Scotiabank analyst Jeff Fan upgraded AT&T from Sector Perform to Sector Outperform with an $18.5 price target. Fan expects AT&T's FCF to improve in 2024, supported by low capital intensity, improving operating earnings, and reduced working capital usage. The company saw the highest levels of Apple iPhone pre-orders in many years while reporting low postpaid phone churn of 0.79%. AT&T also gained 15k broadband customers in Q3.

Portfolio Pulse from Anusuya Lahiri

October 20, 2023 | 3:36 pm

XRTX

Shares of Xortx Therapeutics Inc. (NASDAQ:XRTX) are trading higher on unusually heavy trading volume, despite no company-specific news. Over 45 million shares have been traded in the session, compared to the stock's 100-day average of just over 200 thousand shares. The company's shares are up 52% at 53 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

October 20, 2023 | 3:33 pm

VMW

Benzinga's options scanner detected over 14 options trades for VMware (NYSE:VMW) totaling $530,300. Whales have been targeting a price range from $52.6 to $190.0 for VMware over the last 3 months. The price of VMW is up 1.12% at $152.0. RSI indicators suggest the stock may be oversold. Next earnings are expected in 32 days.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:30 pm

CRM

A significant bearish stance has been taken on Salesforce (NYSE:CRM) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $65.0 to $220.0 for Salesforce over the last 3 months. The price of CRM is currently down -2.41% at $203.3. JMP Securities and Truist Securities have downgraded their actions with a price target of $275.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:30 pm

PDD

A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $60.0 to $130.0 for PDD Holdings over the last 3 months. The price of PDD is currently down -0.55% at $103.5.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:30 pm

Mastercard (NYSE:MA) has outperformed the market over the past 15 years, producing an average annual return of 25.59%. If an investor had bought $100 of MA stock 15 years ago, it would be worth $2,949.55 today. The company currently has a market capitalization of $363.01 billion.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:30 pm

DXCM

DexCom (NASDAQ:DXCM) has outperformed the market over the past 15 years by 23.25% on an annualized basis, producing an average annual return of 34.63%. If an investor had bought $1000 of DXCM stock 15 years ago, it would be worth $92,254.64 today.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:30 pm

BOWL

VICI

Bowlero Corp (NYSE:BOWL) shares are surging after the company completed a $432.9 million sale-leaseback transaction with VICI Properties Inc (NYSE:VICI). The transaction involved the transfer of land and real estate assets of 38 Bowling Entertainment Centers across 17 states. The proceeds will be used to continue Bowlero's growth plan. The lease will have an initial total annual rent of $31.6 million, representing an acquisition cap rate of 7.3%, and an initial term of 25 years, with six 5-year tenant renewal options.

Portfolio Pulse from Shivani Kumaresan

October 20, 2023 | 3:21 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) with unusual options activity. 19 options trades were spotted, with 18 being puts and 1 call. The sentiment of these traders is 21% bullish and 78% bearish. The targeted price range for Charles Schwab over the last 3 months is $50.0 to $65.0. The current price of SCHW is down -1.56% at $51.09. Analysts from JMP Securities, Barclays, Piper Sandler, and Raymond James have given their ratings and price targets.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 3:16 pm