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PLD

Prologis shares are trading lower following the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:54 pm

NOW

ServiceNow's shares are trading higher following JMP Securities' reiteration of its Market Outperform rating and a $665 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:54 pm

GDDY

Oppenheimer analyst Ken Wong initiated coverage on GoDaddy Inc (NYSE:GDDY) with a Perform rating. Wong believes GoDaddy's dominant market position in domains and its durable core business will drive growth. However, he expressed concerns about the company's strategy of pursuing higher-value customers and its impact on execution. He estimated revenue and adjusted EPS of $4.2 billion and $3.83 in FY23 and $4.5 billion and $5.20 in FY24.

Portfolio Pulse from Lekha Gupta

October 17, 2023 | 6:53 pm

USB

US Bancorp shares are trading higher following the announcement that the Federal Reserve will not require the company to meet Category II requirements by Dec. 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:53 pm

CHPT

TSLA

Oppenheimer analyst Colin Rusch reiterated an Outperform rating on ChargePoint Holdings Inc (CHPT) and lowered the price target from $14 to $13. CHPT recently announced a commitment by investors to purchase $175 million of common stock and raised net proceeds of $57 million under the ATM facility during Q3 FY24. The company also extended the due date of its convertible debt to 2028 and adjusted the convertible price from $24.03/share to $12/share. Despite agreements between vehicle OEMs and Tesla (TSLA), the analyst sees CHPT gaining incremental share in the North American public charging market.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 6:53 pm

AMZN

GOOGL

META

Truist analyst Youssef Squali has re-rated Alphabet Inc (Google), Meta Platforms Inc, and Amazon.Com Inc ahead of their 3Q results. Squali expects the results to be in line with expectations, driven by cost containment and higher Y/Y margins and profitability. He predicts Google's 3Q gross revenue to be up 8% Y/Y, Meta's 3Q revenue to be $33.5 billion, and Amazon's 3Q top-line estimates for North American revenues to be $84.7 billion.

Portfolio Pulse from Anusuya Lahiri

October 17, 2023 | 6:49 pm

ORCL

Oracle (NYSE:ORCL) has seen unusual options activity, with a significant number of bearish trades. Of the 18 unusual trades detected, 44% were bullish and 55% were bearish. The total amount for puts was $317,238 and for calls was $653,684. Whales have been targeting a price range from $85.0 to $125.0 for Oracle over the last 3 months. The current price of ORCL is down -1.02% at $107.6. Several financial institutions have updated their ratings and price targets for Oracle.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:46 pm

SHOP

A significant amount of unusual options activity has been detected for Shopify (NYSE:SHOP), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $60.0 for Shopify over the last 3 months. The price of SHOP is currently up 1.24% at $53.94. Seaport Global and JMP Securities have downgraded their ratings for Shopify, while Loop Capital has maintained their Hold rating.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:46 pm

BHP

Benzinga's options scanner detected over 11 options trades for BHP Group (NYSE:BHP) totaling $330,865. Whales have been targeting a price range from $55.0 to $65.0 for BHP Group over the last 3 months. The price of BHP is up 0.47% at $58.08. RSI indicators suggest the stock may be approaching overbought. Next earnings are expected in 128 days.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:46 pm

VMW

VMware shares are trading lower due to speculation of uncertainty regarding Chinese approval for the company's proposed deal with Broadcom.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:46 pm