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BA

Boeing's shares are trading higher following the company's Q3 deliveries report. The stock's movement may also be influenced by the ongoing Israel-Hamas conflict.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:37 pm

CCL

RCL

TRIP

The cruise sector is witnessing a resurgence with a significant increase in ticket prices. Top cruise companies, Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), have set their ticket prices higher than pre-pandemic levels. There's speculation of further price hikes, despite these companies already reaching pre-pandemic profits. Data from Cruise Critic, a platform under Tripadvisor Inc (NASDAQ:TRIP), shows a 43% rise in the average rate for a five-night Caribbean cruise compared to 2019.

Portfolio Pulse from Shivani Kumaresan

October 10, 2023 | 4:35 pm

AMZN

NVDA

AI server rental company Lambda Labs is considering a $300 million equity financing round, highlighting the growing demand for Nvidia Corp's AI chips. An investment fund led by billionaire Thomas Tull is expected to contribute significant capital. The funding would increase Lambda's valuation to $1.5 billion. Nvidia and Amazon.Com Inc are key players in the AI chip market.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 4:25 pm

WORX

SCWorx Corp. (NASDAQ:WORX) has announced the successful conclusion of its 2023 Annual Meeting of Stockholders, where shareholders approved a 15-for-1 reverse stock split. The split will reduce the number of outstanding common stock from approximately 17.9 million shares to approximately 1.2 million shares. The split is expected to become effective at market open on October 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:24 pm

SRT

StarTek (SRT) has announced an agreement to be acquired by funds managed by CSP Management Limited for $4.30 per share in cash. This has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:21 pm

DIA

IWM

QQQ

SPY

Major indexes are experiencing an increase as Treasury yields drop amid the ongoing Israel-Hamas conflict.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 4:18 pm

ARKK

TARK

TSLA

Tesla's stock rose over 3% on Tuesday, breaking up from a bull flag pattern on the daily chart. This rise also confirmed Tesla’s uptrend remains intact. Wells Fargo and Morgan Stanley analysts maintained their ratings on the stock, with a slight decrease in price target from Wells Fargo. Tesla's rise also pulled Cathie Wood-led Ark Innovation ETF (ARKK) and AXS 2x Innovation ETF (TARK) higher, with TARK shooting up over 6% on Tuesday.

Portfolio Pulse from Melanie Schaffer

October 10, 2023 | 4:16 pm

SQ

A large investor has taken a bearish stance on Block (NYSE:SQ), with 64% of big-money traders also showing bearish sentiment. The investor's activity was noticed through publicly available options history. The price target for Block, based on Volume and Open Interest, ranges from $37.5 to $75.0. Several experts have given their ratings on Block, with most maintaining a positive outlook.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:16 pm

XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity, with a significant number of bearish trades. Of the 32 strange trades detected, 56% were bearish and 43% bullish. The total amount for the 8 puts was $345,345 and for the 24 calls was $1,024,179. Whales have been targeting a price range from $105.0 to $125.0 for Exxon Mobil over the last 3 months. The company's stock price is currently up 0.07% at $111.0. Major financial institutions have maintained their positive ratings on Exxon Mobil, with price targets ranging from $120 to $143.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:15 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with 16 options trades spotted, split between 62% bullish and 37% bearish. The big-money traders have been targeting a price range from $180.0 to $350.0 for PANW over the last 3 months. Citigroup and BTIG maintain their Buy rating on PANW with price targets of $285 and $292 respectively, while HSBC downgraded its action to Hold with a price target of $242.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:15 pm