Streetbeat News

Stock Prices

EL

A significant amount of unusual options activity has been observed for Estee Lauder Cos (NYSE:EL), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 70% bullish and 30% bearish. The options trades have targeted a price range from $120.0 to $150.0 for Estee Lauder Cos over the last 3 months. The current price of EL is down -0.98% at $140.0. Redburn Atlantic has upgraded its action to Neutral with a price target of $150.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 7:45 pm

MCD

A significant number of investors have taken a bearish stance on McDonald's (NYSE:MCD), with 68% of detected trades being bearish. The price range targeted by these investors over the last 3 months is $200 to $400. The current price of MCD is down -0.86% at $250.05. Analysts have mixed ratings on the stock, with price targets ranging from $283 to $355.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 7:45 pm

K

Stifel analyst Matthew E. Smith has reiterated a Hold rating on Kellanova (NYSE:K), lowering the price target to $56 from $71. The company recently completed the spin-off of WK Kellogg, resulting in a more focused global snacking company. However, the analyst cautions that a weak volume environment and diminishing pricing could impact the company negatively. Smith estimates FY23 EPS of $3.38 and 7% organic sales growth. Shares are currently trading in line with peers.

Portfolio Pulse from Nabaparna Bhattacharya

October 06, 2023 | 7:36 pm

F

GM

STLA

Shares of General Motors Co (GM), Ford Motor Co (F), and Stellantis NV (STLA) traded higher after United Auto Workers (UAW) president Shawn Fain announced significant updates in strike talks. GM agreed to include electric battery production in the UAW’s national agreement, a move that could redefine the industry. Fain expects similar outcomes with Ford and Stellantis. Wage increases, cost of living allowances, wage boosts for temporary workers, and reduced time to reach full pay were among the key updates. The UAW continues to advocate for retirement security and is addressing all subcommittee issues seriously.

Portfolio Pulse from AJ Fabino

October 06, 2023 | 7:35 pm

REGN

Regeneron Pharmaceuticals Inc.'s stock price is currently at $830.00, after a 0.13% decrease. However, over the past month, the stock increased by 1.13%, and in the past year, by 14.93%. The company's P/E ratio is lower than the aggregate P/E of the Biotechnology industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 7:30 pm

PERI

Oppenheimer analyst Jason Helfstein has maintained a Buy rating on Perion Network Ltd (NASDAQ:PERI) and set a price target of $45. Despite a 28% drop in shares over the past six months, PERI is Helfstein's favorite small-cap digital advertising stock due to its strong financial performance. The company's revenue growth, EBITDA growth, and net cash position have all outperformed peers. However, the stock has underperformed due to lack of benefits from the Bing/ChatGPT partnership.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 7:25 pm

NFLX

Wedbush analyst Michael Pachter reiterated Netflix Inc (NASDAQ: NFLX) with an Outperform and a $525 price target. Pachter believes Netflix can generate significantly more free cash flow than its guidance suggests, and its ad-supported tier and password-sharing crackdown should further boost cash generation. Pachter's positive thesis on Netflix partially relies on the password sharing crackdown driving subscribers higher and ARPU higher, which should begin in Q4. Bernstein analyst Laurent Yoon initiated coverage on Netflix with a Market Perform rating and a price target of $375. Seaport Global analyst David Joyce initiated coverage on Netflix with a Buy rating and a price target of $482.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 7:22 pm

CHTR

CMCSA

DIS

FOX

NFLX

PARA

WBD

Bernstein analyst Laurent Yoon initiated coverage on several media stocks, focusing on their direct-to-consumer and subscription video-on-demand initiatives. Yoon rated Walt Disney Co (DIS) and Warner Bros. Discovery Inc (WBD) as 'Outperform', Paramount Global Inc (PARA) as 'Underperform', and Netflix Inc (NFLX), Fox Corp (FOX), Comcast Corporation (CMCSA), and Charter Communications Inc (CHTR) as 'Market Perform'. Yoon believes Disney is the 'only credible challenger to Netflix' and could surpass linear revenue in 2024.

Portfolio Pulse from Chris Katje

October 06, 2023 | 7:16 pm

NVO

Novo Nordisk's (NYSE:NVO) short percent of float has risen 45.45% since its last report, with 2.80 million shares sold short, which is 0.16% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Novo Nordisk has less short interest as a percentage of float, which is 3.06% on average.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 7:15 pm

NOW

ServiceNow's (NYSE:NOW) short percent of float has risen 5.69% since its last report, with 2.65 million shares sold short, which is 1.3% of all regular shares available for trading. It would take traders 3.02 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 5.22%.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 7:15 pm