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CRDF

Cardiff Oncology has announced clinical data in pancreatic cancer and small cell lung cancer, including single-agent activity from onvansertib monotherapy. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:35 pm

MLKN

MillerKnoll reported better-than-expected Q1 financial results and issued Q2 and FY24 EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:32 pm

ARM

NVDA

Needham analyst Charles Shi maintained a Hold rating on Arm Holdings Plc (NASDAQ:ARM). The bull/bear debate on Arm's growth prospects is based on whether investors can underwrite Arm's outer-year growth targets. Bullish investors believe Arm will reach $4 billion+ revenue and ~$1.70 EPS in FY26, while bearish investors believe these targets are only achievable if everything goes according to plan. Arm's role in Nvidia Corp (NASDAQ:NVDA) Grace is seen as too small to be meaningful.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 8:31 pm

IBM

A significant amount of unusual options activity has been detected for IBM (NYSE:IBM), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $1,091,161 and for calls was $360,439. Whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $188.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 8:30 pm

WFC

Unusual options activity has been observed for Wells Fargo (NYSE:WFC), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 62% bullish and 37% bearish. The options activity suggests a target price range from $32.5 to $45.0 for Wells Fargo over the last 3 months. Deutsche Bank and HSBC have downgraded their actions to Buy and Hold respectively, with price targets of $44 and $45.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 8:30 pm

GLTO

Galecto has announced plans to explore strategic alternatives, which has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:29 pm

CAT

HON

LMT

RTX

Industrial stocks are being viewed as a potential recession sign, with the theory that struggling construction companies like Caterpillar Inc and Honeywell Inc could indicate a weak economy. However, Jessica Rabe, co-founder of Datatrek, argues that weakness in industrial stocks has not been a reliable recession indicator in the past. She also points out that much of the industrial sector's weakness comes from the top-10 holdings in the S&P Industrials Sector ETF, which are down more than 2% on average YTD. Lockheed Martin and RTX Corp, both top-10 holdings in the industrial sector ETF, are expected to see a significant regression in earnings in 2024 compared to 2023.

Portfolio Pulse from Aaron Bry

September 26, 2023 | 8:25 pm

KMX

Oppenheimer analyst Brian Nagel reiterated an Outperform rating on CarMax Inc (NYSE:KMX) with a price target of $105. CarMax has struggled with a bloated cost infrastructure and elevated used car prices. However, the analyst is optimistic that CarMax will emerge as a robust operator in the used car sector. The EPS forecast for Q2 is $0.73, consistent with Street figures. For FY23, the analyst predicts an EPS of $2.80, down from $3.03. CarMax shares closed higher by 0.62% to $78.25 on Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 8:20 pm

LMT

A significant bearish stance has been taken on Lockheed Martin (NYSE:LMT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $400.0 to $500.0 for Lockheed Martin over the last 3 months. The price of LMT is currently down -1.01% at $408.75. Wells Fargo has upgraded its action to Equal-Weight with a price target of $440.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 8:16 pm

PIXY

ShiftPixy, Inc. (NASDAQ:PIXY) has announced a 1-for-24 reverse stock split effective from September 30, 2023. The new reversed shares will begin trading on Nasdaq on October 2, 2023.

Portfolio Pulse from Happy Mohamed

September 26, 2023 | 8:11 pm