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UBER

Uber shares are trading lower, potentially due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 7:33 pm

DHI

A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The mean open interest for D.R. Horton options trades today is 306.0 with a total volume of 1,433.00. Barclays maintains an Overweight rating on D.R. Horton with a price target of $130.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:32 pm

SHEL

A large investor has taken a bullish stance on Shell (NYSE:SHEL), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $65.0 to $75.0 for Shell over the last 3 months. The price of SHEL is up 0.87% at $67.12, and RSI indicators suggest the stock may be approaching overbought. Shell's next earnings are expected to be released in 13 days.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:32 pm

DG

Telsey Advisory Group analyst Joseph Feldman has reiterated the Market Perform rating on Dollar General Corporation (NYSE:DG), but lowered the price target to $124 from $145 following the appointment of Todd Vasos as CEO. Feldman believes Vasos's understanding of core customers and control over operations will help the company improve its performance. However, Dollar General's updated 2023 guidance reflects pressure on sales and profits. Feldman lowered the 2023 and 2024 EPS estimates for the company.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 7:32 pm

APH

Amphenol (NYSE:APH) has outperformed the market over the past 15 years, producing an average annual return of 17.93%. If an investor had bought $100 of APH stock 15 years ago, it would be worth $1,232.69 today. The company currently has a market capitalization of $48.80 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:30 pm

A

Agilent Technologies (NYSE:A) has outperformed the market over the past 10 years, producing an average annual return of 11.32%. If an investor had bought $1000 of A stock 10 years ago, it would be worth $2,985.36 today. The company currently has a market capitalization of $32.21 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:30 pm

BTCUSD

NU

SkyBridge Capital founder Anthony Scaramucci has invested heavily in Bitcoin, countering Warren Buffett's bearish stance on the cryptocurrency. Scaramucci believes that the launch of Bitcoin ETFs could drive the price of Bitcoin higher in 2024. He also mentioned that Bitcoin could be a potential hedge against the future devaluation of the U.S. dollar. Buffett, despite his criticism of Bitcoin, holds stock in Nu Holdings Ltd, which allows trading of cryptocurrency in Latin America.

Portfolio Pulse from Chris Katje

October 13, 2023 | 7:17 pm

WBD

A significant bearish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Out of all the options, 10 are puts, for a total amount of $989,055, and there is 1 call, for a total amount of $37,932. The price of WBD is down -0.53% at $10.27. Several experts have given their ratings and price targets on WBD.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 7:16 pm

AAPL

AMZN

BBY

DIS

NFLX

Best Buy Co., Inc. (BBY) plans to discontinue in-store and online DVDs starting in 2024. The decision won't affect video games. The move follows Netflix, Inc. (NFLX) ending its DVD subscription service. The availability of streaming services like Walt Disney Company (DIS), Hulu, Amazon.Com, Inc. (AMZN), and Apple Inc. (AAPL) has led to DVDs becoming nearly obsolete. Entertainment represents just 6% of Best Buy's total revenue in the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

October 13, 2023 | 7:14 pm

DPZ

MSFT

UBER

Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on Domino's Pizza Inc (DPZ) with an unchanged price target of $435. The analyst expects a return to positive same-store sales in the U.S. in 4Q. The company's partnership with Microsoft (MSFT) is expected to bring AI solutions to customer experience and operations. Uber Eats, a service by Uber Technologies (UBER), is set to expand nationally by year end, potentially impacting 2024 materially.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 7:11 pm