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NFLX

Netflix (NASDAQ:NFLX) is down 22% from its highs due to the current market environment and the Writers' Strike. The company plans to raise prices after the Actor Strike ends, which is expected to boost Average Revenue per Member (ARM). The company has also modified its pricing tiers, discontinuing its basic ad-free tier in the U.S. JPMorgan believes that paid sharing and advertising will contribute significantly to NFLX revenue over time. The stock is at a critical level of 370, which if held, could present a great risk-reward opportunity to investors.

Portfolio Pulse from Ripster

October 05, 2023 | 2:12 pm

DADA

EURN

IMVT

LOB

LW

ORTX

SP

TAC

UNFI

URG

VEON

Despite a general downturn in the U.S. stock market, several stocks recorded gains. Orchard Therapeutics surged 97.7% after agreeing to be acquired by Kyowa Kirin. SP Plus Corporation jumped 47.5% following the announcement of its acquisition by Metropolis Technologies. Euronav NV climbed 17.3% amid discussions with Frontline and CMB NV. Lamb Weston Holdings gained 12.2% after reporting better-than-expected Q1 results. VEON Ltd. rose 9.6% after its Beeline Uzbekistan opened the Beeline Academy. Other stocks that gained include Immunovant, TransAlta Corporation, Dada Nexus Limited, Live Oak Bancshares, United Natural Foods, and Ur-Energy Inc.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 2:09 pm

VSTO

Vista Outdoor has announced that after its separation, the Outdoor Products Segment will be named Revelyst Inc and will trade on the New York Stock Exchange under the ticker 'GEAR'.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 2:07 pm

AMZN

BKE

CAG

CLX

DELL

DIS

DOV

MRK

MSFT

PSNY

STZ

VFS

Disney reduces ticket prices for children due to attendance slump. Amazon discontinues its live-audio app, Amp. US government to stop free distribution of Merck's COVID-19 pill. UK regulators investigate Amazon and Microsoft's dominance in cloud computing. Dell to update its long-term financial framework. Dover acquires FW Murphy for $530M. Constellation Brands reports Q2 net sales growth of 7%. Polestar Automotive reports Q3 delivery growth of 50%. VinFast Auto reports Q3 revenues of $342.66 million. Clorox shares fall after reporting preliminary Q1 FY24 financial results. ConAgra Brands reports flat Q1 FY24 sales. Buckle Inc reports 11.1% drop in comparable store sales for September.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 2:01 pm

FIVE

Analysts have provided various ratings for Five Below (NASDAQ:FIVE) within the last quarter, with a total of 7 bullish, 4 somewhat bullish, and 3 indifferent ratings. The average 12-month price target for Five Below is $210.07, a decrease of 3.68% from the previous average price target of $218.09.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:01 pm

BECN

Analysts have provided various ratings for Beacon Roofing Supply (NASDAQ:BECN) within the last quarter, with 1 bullish, 2 somewhat bullish, and 3 indifferent. The average price target is $94.17, implying an upside from the current price of $76.34. This average price target has increased by 10.01% over the past month.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:00 pm

AON

In the last quarter, Aon (NYSE:AON) received indifferent ratings from five analysts, with an average price target of $343.0, implying an upside from the current price of $327.115. The average price target has increased by 2.39% over the past month.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:00 pm

KDP

Keurig Dr Pepper (NASDAQ:KDP) has outperformed the market over the past 15 years, producing an average annual return of 15.5%. If an investor had bought $100 of KDP stock 15 years ago, it would be worth $850.19 today.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:00 pm

BDX

Becton Dickinson (NYSE:BDX) has outperformed the market over the past 20 years by 3.07% on an annualized basis, producing an average annual return of 10.28%. If an investor had bought $100 of BDX stock 20 years ago, it would be worth $709.64 today.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:00 pm

PRU

Over the past 3 months, 12 analysts have published their opinion on Prudential Financial (NYSE:PRU) stock. The average price target is $98.83, implying an upside from the current price of $91.19. This average has increased by 11.19% from the previous average price target of $88.88.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 2:00 pm