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PBI

Pitney Bowes announced that Marc Lautenbach has stepped down as President, CEO and as a member of the Board. Jason Dies has been appointed as the interim CEO. Following the news, Pitney Bowes shares are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:08 pm

INTZ

Intrusion Inc has received a notice from Nasdaq stating that the company is not in compliance with the minimum bid price requirement. The company has also consented to the entry of final judgment related to an SEC investigation.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:07 pm

USO

Oil has been on a significant run due to factors such as the energy transition, the Ukrainian crisis, and OPEC+ cutting production. The article discusses the options positioning on oil and mentions the use of ETF USO (NYSE:USO) to understand this. Menthor Q, a TradeTech company, provides quantitative models for this purpose. The company is also set to release Options Screeners to help filter Stocks, ETFs, and Indices based on the option chain data.

Portfolio Pulse from Menthor Q Research

October 02, 2023 | 6:07 pm

META

Truist Securities analyst Youssef Squali reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $390. Squali expects strong growth recovery for META in 3Q23, with revenues up 21% Y/Y. He raised estimates for Reality Labs' revenue for 4Q23 to $981 million and for FY24 to $2.16 billion. Squali expects Q3 revenue of $33.49 billion, Q4 revenue of $39.07 billion, and FY23 revenue of $133.20 billion. META shares traded higher by 1.25% at $303.97.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 6:05 pm

RCEL

Avita Medical has received a notice from the FDA requiring additional information for the continuation of a substantive review of its premarket approval supplement application. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:03 pm

EOG

A significant bearish stance has been taken on EOG Resources (NYSE:EOG) with unusual options activity. The sentiment among big-money traders is split between 33% bullish and 66% bearish. Whales have been targeting a price range from $100.0 to $135.0 for EOG Resources over the last 3 months. The price of EOG is up 0.09% at $126.88. Citigroup, Mizuho, JP Morgan, and Morgan Stanley have maintained their positive ratings on EOG Resources.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:01 pm

CRM

A large investor has taken a bullish stance on Salesforce (NYSE:CRM), as evidenced by a significant position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $187.5 to $230.0 for Salesforce over the last 3 months. Several experts have downgraded their actions on Salesforce but with price targets above the current price of $203.13.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:01 pm

MODG

Topgolf Callaway Brands (NYSE:MODG) has received mixed analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, 1 indifferent, and 2 somewhat bearish. The average 12-month price target for the company is $23.44, a decrease of 14.23% from the previous average of $27.33.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:00 pm

PM

Analysts have provided bullish ratings for Philip Morris Intl (NYSE:PM) in the last quarter. According to 4 analysts offering 12-month price targets in the last 3 months, Philip Morris Intl has an average price target of $109.5, a decrease of 5.06% from the previous average price target of $115.33.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:00 pm

PFE

Pfizer (NYSE:PFE) has received various analyst ratings in the last quarter, with 3 bullish, 6 somewhat bullish, and 4 indifferent. The average price target from these 13 analysts is $58.15, significantly higher than Pfizer's current price of $32.96. This target has increased by 25.95% over the past month.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:00 pm