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EL

A significant bearish stance has been taken on Estee Lauder Cos (NYSE:EL) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $90.0 to $165.0 for Estee Lauder Cos over the last 3 months. The company's stock price is currently up 0.45% at $139.25. Several financial institutions have maintained their ratings on Estee Lauder, with price targets ranging from $137 to $185.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 6:49 pm

EOG

A significant bearish stance has been taken on EOG Resources (NYSE:EOG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $135.0 to $167.5 for EOG Resources over the last 3 months. Several financial institutions have maintained their ratings on EOG Resources, with price targets ranging from $132 to $165.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 6:49 pm

REXR

Rexford Industrial Realty's shares have dropped following the release of its Q3 financial results and FY23 guidance. Stifel has maintained a Buy rating on the stock but reduced its price target from $60 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:43 pm

NDAQ

Nasdaq Inc (NASDAQ:NDAQ) reported strong Q3 earnings with a 6% Y/Y increase in revenue to $940 million, beating the consensus of $930.25 million. Adjusted EPS was $0.71 per share, up 4% Y/Y, beating the Street view of $0.68. Nasdaq declared a regular quarterly dividend per share of $0.22. Following the earnings announcement, several analysts increased their price targets on Nasdaq.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 6:42 pm

SPY

Federal Reserve Chair Jerome Powell's remarks during an interview with Bloomberg triggered significant market shifts. Initially, Powell's cautious tone led to expectations of a halt in interest rate hikes. However, during the Q&A session, Powell stated that the economy is handling high interest rates well and that high inflation remains a concern. This led to fears of further rate hikes, pushing Treasury yields higher. The SPDR S&P 500 ETF Trust (NYSE:SPY) managed to partially trim daily losses.

Portfolio Pulse from Piero Cingari

October 19, 2023 | 6:40 pm

GBIO

MDAI

NXU

PTCT

SABS

SMTC

T

U.S. stocks traded lower with the Nasdaq Composite falling around 100 points. AT&T Inc reported better-than-expected third-quarter financial results with operating revenues of $30.35 billion, up 1% year-over-year, beating the consensus of $28.69 billion. SAB Biotherapeutics, Spectral AI, and PTC Therapeutics saw their shares rise after positive news, while Nxu, Semtech Corporation, and Generation Bio Co. saw their shares drop.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 6:37 pm

MSFT

Ahead of Microsoft's Q1 earnings, analysts from Citi and Evercore ISI have reiterated their positive ratings on the company, citing potential growth in Azure and AI. Citi analyst Tyler Radke sees Microsoft accelerating total revenue and profitability, helped by stabilizing IT budget trends and new GenAI revenue streams. Evercore ISI analyst Kirk Materne expects Microsoft to deliver solid Q1 results that demonstrate some stabilization in the Azure business, with Y/Y growth of ~26% for Azure seeming realistic due to the uptick in demand for AI services.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 6:36 pm

AA

Alcoa's Q3 earnings per share (EPS) results were below expectations, and the company has issued Q4 guidance. BMO Capital has maintained a Market Perform rating on the stock but reduced its price target from $30 to $28.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:36 pm

CMCSA

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) reported strong Q3 results, with its biggest quarterly growth since Q2 2020, driven by a surge in subscribers and international content production. Despite the ongoing Hollywood strike, Netflix added 8.8 million subscribers and saw a 7.8% YoY increase in revenue to $8.542 billion. The company also raised prices for some of its subscription plans in the U.S., the U.K, and France. In contrast, The Walt Disney Company (NYSE:DIS) continues to struggle with big losses, labor strikes, and internal issues. Comcast Corporation (NASDAQ:CMCSA) was mentioned as a content provider for Netflix and a competitor to Disney in the streaming market.

Portfolio Pulse from Upwallstreet

October 19, 2023 | 6:35 pm

LCID

Lucid Group shares are trading lower as EV stocks drop following worse-than-expected Q3 financial results from Tesla.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 6:34 pm