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Stock Prices

AMC

BIDU

FNGR

GOOGL

MANU

META

NFLX

NXST

Benzinga's options activity scanner has identified significant options activity in nine communication services stocks. The stocks include Alphabet Inc. (GOOGL), Meta Platforms Inc. (META), Manchester United (MANU), AMC Entertainment Holdings Inc. (AMC), Finger Motion Inc. (FNGR), Sea Limited (SE), Netflix Inc. (NFLX), Nexstar Media Group Inc. (NXST), and Baidu Inc. (BIDU). The options activity ranges from bullish to bearish sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:37 pm

ABNB

DBI

DKNG

MCD

PHM

TSLA

ULTA

WYNN

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bearish put options for TSLA, PHM, W, F, DKNG, and MCD, and bullish call options for WYNN and DBI. Interestingly, ABNB and ULTA have bullish put options.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:37 pm

AAPL

AMD

CRM

ENPH

LRCX

MSFT

NVDA

PLTR

SNOW

Benzinga's options activity scanner has identified unusual trading activity in 10 Information Technology stocks. The stocks include NVDA, AAPL, MSFT, AMD, PLTR, SNOW, LRCX, ENPH, CRM, and U. The scanner tracks large transactions, often made by entities with significant funds, which can indicate potential trading opportunities. The report details the type of option (put or call), the trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:37 pm

NTST

KeyBanc Capital Markets analyst Todd M. Thomas has downgraded NetSTREIT Corp (NTST) to Underweight from Sector Weight with a price target of $13.00. The downgrade is due to concerns over lower levels of expected accretion from investments, which could impact FY24 FFO estimates. NTST has completed over $900 million of acquisitions since its August 2021 IPO and is expected to make net investments of more than $450 million this year. However, the analyst suggests that the company may have to slow investments until the economics improve.

Portfolio Pulse from Lekha Gupta

October 12, 2023 | 5:32 pm

ELV

A whale investor has taken a bullish stance on Elevance Health (NYSE:ELV), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $420.0 to $465.0 for Elevance Health over the last 3 months. Cantor Fitzgerald downgraded its action to Overweight with a price target of $547. The price of ELV is currently $453.57, with next earnings expected in 6 days.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:32 pm

NUE

A significant number of investors have taken a bearish stance on Nucor (NYSE:NUE), with 57% of detected trades showing bearish expectations. The total amount for puts is $587,818, while calls amount to $324,740. Whales have been targeting a price range from $149.0 to $185.0 for Nucor over the last 3 months. The price of NUE is currently down -5.02% at $147.09, and RSI indicators suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:32 pm

AMD

INTC

NVDA

Nvidia Corp's stock is trading higher despite the potential emergence of Advanced Micro Devices, Inc and Intel Corp as significant beneficiaries of the AI market. Analyst Ming-Chi Kuo predicts that AMD's AI chip shipments for 2024 will be about 10% of Nvidia's, potentially rising to 30% or more in 2025 if partnerships with Microsoft Corp, Meta Platforms Inc, and Alphabet Inc hold. BofA analyst Alkesh Shah expects Nvidia's AI strategy to drive new revenue streams and maintain a 65%+ market share in the long term.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 5:31 pm

AVGO

VMW

VMware shares are trading higher following a report suggesting that China's State Administration for Market Regulation is expected to grant Broadcom conditional antitrust approval for its acquisition of the company.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:27 pm

BCEL

Atreca, Inc. (NASDAQ:BCEL) shares are trading up by 48% on heavy trading volume, far exceeding the stock's 100-day average volume. This follows the company's announcement of the termination of the lease at its corporate headquarters and the departure of the CFO. The company also received a noncompliance notice from Nasdaq due to its share price falling below $1.00 per share over the prior 30 consecutive trading days.

Portfolio Pulse from Erica Kollmann

October 12, 2023 | 5:24 pm

AVGO

Broadcom's shares are trading higher following a report that China's State Administration for Market Regulation is expected to grant the company conditional antitrust approval for its acquisition of VMware.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:23 pm