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SIRI

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares are trading higher, recovering from a decline related to Liberty Media's proposal for a business combination. The proposal involves Liberty separating LSXM into a new subsidiary, with Sirius XM shareholders receiving one share of the new Sirius XM common stock and 55 cents per share in cash for each share of Sirius XM held at closing.

Portfolio Pulse from Ryan Gustafson

September 27, 2023 | 7:20 pm

COST

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Costco Wholesale Corporation (NASDAQ: COST) and raised the price target from $535 to $585. Costco's Q4 revenues beat the consensus estimate, and the company is executing well with positive same-store sales and overall top-line growth. Membership trends remain healthy and productive club growth is continuing. The analyst expects continued compounding on top-line and EBIT in the mid-single-digit range.

Portfolio Pulse from Shivani Kumaresan

September 27, 2023 | 7:16 pm

ODFL

SAIA

Benchmark analyst Christopher Kuhn reiterated a Buy rating on Saia, Inc (NASDAQ:SAIA), raising the price target to $475 from $450. The analyst raised the price target and earnings estimates due to Saia's higher than expected 3Q operating data. Saia's increase in tons is attributed to Yellow Corporation's freight flowing into Saia's network. The analyst increased 3Q estimate to $3.42 from $3.25 and raised 2023 and 2024 EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 7:16 pm

NOW

A significant amount of unusual options activity has been observed for ServiceNow (NYSE:NOW), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $350.0 and $630.0. HSBC and JMP Securities have downgraded their actions on ServiceNow, with price targets of $704 and $665 respectively.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:16 pm

TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The sentiment among big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $75.0 to $120.0 for Taiwan Semiconductor over the last 3 months. The price of TSM is up 0.93% at $85.07, and RSI indicators suggest that the stock may be oversold. The next earnings are expected to be released in 15 days.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:16 pm

CHPT

ChargePoint Holdings Inc (CHPT) shares are trading higher after UBS initiated coverage on the stock with a Buy rating and a $9 price target. UBS highlighted CHPT's significant presence in Level 2 chargers in North America, a deep customer base, and the expectation of reaching break-even EBITDA by fiscal fourth-quarter 2025. UBS also forecasts strong growth in EV charging demand, supported by EV adoption trends.

Portfolio Pulse from Henry Khederian

September 27, 2023 | 7:14 pm

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) experienced a slight fall during Wednesday's trading session due to fears about inflation, high interest rates, and the state of the economy. Shiba Inu's volatility was lower due to less than average trading volume, indicating a lack of interest. The crypto is also reacting to a bearish break from a rising channel pattern. An inverted hammer candlestick pattern suggests a potential reversal to the upside.

Portfolio Pulse from Melanie Schaffer

September 27, 2023 | 7:13 pm

RAD

Rite Aid Corporation (NYSE:RAD) shares traded higher on Wednesday following a rough week. The company's stock fell sharply at the start of the week due to a report suggesting the company plans to shut down hundreds of stores as part of a bankruptcy plan. However, shares rose nearly 60% on Wednesday on abnormally high volume. The stock has increased short interest, with 20.74% of the shares currently sold short.

Portfolio Pulse from Ryan Gustafson

September 27, 2023 | 7:10 pm

APA

CNQ

CPE

CTRA

CVX

DVN

EQNR

HAL

HES

MPC

OVV

PBR

SLB

XOM

Oil and energy stocks are trading higher due to a draw in US crude oil inventories. This has positively impacted the shares of several oil companies.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 7:08 pm

SPOT

Spotify Technology (NYSE:SPOT) has received mostly bullish analyst ratings in the last quarter, with an average price target of $184.47, up 7.68% from the previous average price target of $171.31. The ratings are based on the analysis of 17 analysts offering 12-month price targets in the last 3 months.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:01 pm