Streetbeat News

Stock Prices

DE

A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $370.0 to $430.0 for Deere over the last 3 months. The price of DE is currently down -0.07% at $377.11. Evercore ISI Group, HSBC, and Canaccord Genuity have all downgraded their actions on Deere.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:45 pm

COST

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST) with a price target of $575. Feldman expects Costco's traffic to increase by 5.5% and digital sales to remain flat. He also anticipates Food & Sundries and Fresh Foods to outperform due to healthy at-home consumption trends. Despite uncertainties, Feldman believes Costco will continue to gain share with solid sales and high membership renewal rates. He forecasts a total comp of 3.8% versus 8.5% last year.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 6:34 pm

MPC

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years, producing an average annual return of 16.93%. An investment of $1000 in MPC stock 10 years ago would be worth $4,673.97 today. The company currently has a market capitalization of $60.40 billion.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:30 pm

SYK

Stryker (NYSE:SYK) has outperformed the market over the past 20 years by 3.07% on an annualized basis, producing an average annual return of 10.37%. If an investor had bought $100 of SYK stock 20 years ago, it would be worth $718.67 today.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:30 pm

TT

Trane Technologies Inc.'s (NYSE:TT) shares are trading at $202.00, after a 0.45% drop. Over the past month, the stock decreased by 0.61%, but over the past year, it increased by 28.88%. The company's P/E ratio is 24.75, lower than the Building Products industry average of 34.67, which could indicate that the stock is undervalued or might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:30 pm

OKE

Scotiabank analyst Tristan J. Richardson upgraded ONEOK Inc (NYSE:OKE) to Sector Outperform from Sector Perform, raising the price target to $78 from $74. The upgrade follows ONEOK's recent acquisition of Magellan Midstream Partners for $18.8 billion. The analyst projects ONEOK to generate around 50% of FY24 EBITDA from stable cash flow businesses and expects a 6% dividend increase in FY24. Despite the positive outlook, OKE shares are trading lower by 2.14% at $62.08.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 6:28 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) has announced a registered direct offering of 2 million shares at $2 per share, resulting in total gross proceeds of approximately $4 million. The company will also issue warrants to purchase up to an additional 2 million shares of common stock. The offering is expected to close on October 4, 2023. Additionally, certain existing warrants will be amended to have a reduced exercise price of $2.00 per share and a termination date of October 4, 2028.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:27 pm

ZS

Piper Sandler has upgraded Zscaler's stock from Neutral to Overweight and raised its price target from $160 to $190. This has resulted in Zscaler shares trading higher.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 6:26 pm

AWIN

EFXT

ICCM

INBS

PBI

SDC

US stocks traded mostly lower with the Dow Jones falling over 150 points. Crude oil fell by 2.1% and gold by 1%. AERWINS Technologies Inc. (AWIN) shares rose by 76% as the company considers strategic alternatives for its non-core operations. IceCure Medical Ltd (ICCM) shares rose by 57% after new data validated its ProSense Cryoablation as a safe and effective outpatient procedure for breast cancer. Pitney Bowes Inc. (PBI) shares rose by 13% after announcing a leadership transition. SmileDirectClub, Inc. (SDC) shares dropped by 62% after filing for Chapter 11 bankruptcy. Intelligent Bio Solutions Inc. (INBS) shares fell by 56% after announcing pricing of a $4,000,000 underwritten public offering. Enerflex Ltd. (EFXT) shares fell by 23% after announcing a CFO transition.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 6:25 pm

IMMX

Immix Biopharma Inc (NASDAQ:IMMX) announced updated data from its ongoing Phase 1b/2 NEXICART-1 study of NXC-201, a CAR-T cell therapy. The data showed a 95% overall response rate in relapsed/refractory multiple myeloma patients who were not exposed to prior BCMA-targeted therapy. The company's shares are up 23.40% at $4.22.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 6:25 pm