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TGT

Unusual options activity has been observed for Target (NYSE:TGT), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 56% bullish and 43% bearish. The price range targeted by these traders over the last 3 months is from $85.0 to $120.0. Analysts from Truist Securities, HSBC, Stifel, and B of A Securities have given their ratings and price targets for Target.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:31 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has outperformed the market over the past 20 years by 18.69% on an annualized basis, producing an average annual return of 26.13%. If an investor had bought $1000 of ODFL stock 20 years ago, it would be worth $103,059.22 today.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:30 pm

SGEN

Seagen (NASDAQ:SGEN) has outperformed the market over the past 5 years by 15.19% on an annualized basis, producing an average annual return of 24.8%. If an investor had bought $1000 of SGEN stock 5 years ago, it would be worth $3,001.39 today.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:30 pm

EW

Edwards Lifesciences Corp (NYSE:EW) is under scrutiny by EU antitrust regulators for its patent practices and policies aimed at thwarting copycat devices. The focus is on the company's activities related to the transcatheter aortic valve replacement (TAVR) device and its global unilateral pro-innovation (anti-copycat) policy. The company's shares are down 1.02% at $70.55.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 6:28 pm

MMM

Scammers are targeting military veterans involved in the 3M Company's $6 billion settlement for earplug-related hearing damage. The scammers are impersonating the settlement administrator, Archer Systems LLC, and soliciting personal information. The Federal Bureau of Investigation has been alerted to the fraudulent scheme. The settlement, announced in August, includes a provision allowing 3M to withdraw if less than 98% of eligible claimants opt-in. The funds will be disbursed from 2023 to 2029, including $1 billion in 3M stock.

Portfolio Pulse from Vandana Singh

October 17, 2023 | 6:25 pm

CNK

DIS

Roth MKM analyst Eric Handler has maintained a Neutral rating on Cinemark Holdings Inc (CNK) with a $20 price target. The analyst noted that Cinemark's box office results have exceeded projections in all three quarters of this year, leading to positive free cash flow and a strengthened balance sheet. However, ongoing Hollywood labor issues could stall this momentum. The analyst also raised concerns about the impact of Hollywood's lengthy work stoppage on the visibility of North American box office growth.

Portfolio Pulse from Shivani Kumaresan

October 17, 2023 | 6:24 pm

KLAC

KLA Corp's stock is trading lower due to new U.S. regulations designed to prevent China, Iran, and Russia from using American AI technology for military purposes. These rules restrict chip exports and blacklist two Chinese chip makers, potentially reducing demand for KLA's products and disrupting global semiconductor supply chains.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 6:23 pm

GFS

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) shares are currently trading at $55.82, after a 1.24% decrease. Despite a 2.18% fall over the past month, the stock has risen by 7.52% over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, suggesting the stock might be undervalued. However, a lower P/E can also indicate that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:15 pm

MLCO

Melco Resorts has an option alert for November 17 $10 calls sweep near the ask with 2322 contracts at $0.151 versus 541 open interest. The company's earnings are expected on November 1 before the market opens.

Portfolio Pulse from Charles Gross

October 17, 2023 | 6:03 pm

SMMT

Summit Therapeutics' COO Manmeet Soni has purchased approximately 17 million shares at an average price of $0.29, according to a Form4 filing. This has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:01 pm