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IONS

Ionis Pharmaceuticals, Inc. (NASDAQ:IONS) shares rose after the company announced that the Phase 3 Balance study of olezarsen met the primary endpoint with a significant reduction in triglyceride levels. The company plans to file a New Drug Application with the FDA. The positive results boosted Ionis stock.

Portfolio Pulse from Ryan Gustafson

September 26, 2023 | 7:49 pm

STVN

Stephens analyst Jacob Johnson initiated coverage on Stevanato Group SPA (NYSE:STVN) with an Overweight rating and a price target of $33. The analyst sees STVN as an industry leader in the glass containment solutions market and expects its free cash flow (FCF) to turn positive in FY25. Johnson also estimates revenue of €1,098.9 million and adjusted EPS of €0.61 for FY23, and revenue of €1,218.6 million and adjusted EPS of €0.68 for FY24.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 7:49 pm

SCHW

A significant amount of bearish options activity has been detected for Charles Schwab (NYSE:SCHW), with 67% of investors opening trades with bearish expectations. The total amount for puts is $1,563,139 and for calls is $375,988. Whales have been targeting a price range from $27.5 to $70.0 for Charles Schwab over the last 3 months. The current price of SCHW is down -2.2% at $54.13. Analysts from Raymond James, Barclays, and JMP Securities have maintained their ratings with price targets of $72, $64, and $77 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:46 pm

FCX

A significant investor has taken a bullish stance on Freeport-McMoRan (NYSE:FCX), with 70% of recent trades being bullish and 30% bearish. The targeted price range for the company over the last 3 months is $30.0 to $55.0. The current price of FCX is down -1.87% at $36.51. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan, with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:45 pm

ABBV

A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $140.0 to $165.0 for AbbVie over the last 3 months. The price of ABBV is currently down -0.48% at $153.9.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:45 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading lower by 2.2% amid overall market weakness and concerns about future rate hikes. Higher interest rates can increase Microsoft's borrowing costs, potentially reducing its profitability and causing investors to reevaluate the stock's value. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:41 pm

WPC

W.P. Carey Inc's (WPC) shares are falling after several analysts lowered the price target on the company. This follows WPC's plan to exit office assets by spinning off 59 properties into Net Lease Office Properties (NLOP) and selling 87 retained properties. The spin-off is expected to close by November 2023 and the sale by January 2024. Analysts have expressed concerns about the timing and execution of the spin-off, expecting the new REIT to trade at a heavily discounted value and foreseeing a dividend reduction of 15%-20%.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 7:32 pm

CMCSA

A whale investor has taken a bullish stance on Comcast (NASDAQ:CMCSA), with 80% of the investors opening trades with bullish expectations and 20% with bearish. The whale has been targeting a price range from $42.5 to $47.5 for Comcast over the last 3 months. The price of CMCSA is currently down -1.44% at $44.23. JP Morgan has maintained their Neutral rating on Comcast, with a price target of $49.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:31 pm

AMH

INVH

TCN

Institutional investors are increasingly focusing on the single-family rental homes market, traditionally dominated by individual owners or small businesses. Companies like Invitation Homes (INVH), American Homes 4 Rent (AMH), and Tricon Residential (TCN) own tens of thousands of such homes. However, the demand for single-family rentals appears to be cooling, with rental rate growth falling to its lowest levels since June 2021. Miami-based ARK Homes for Rent reports a high tenant renewal rate of 80% after a two-year term.

Portfolio Pulse from Margaret Jackson

September 26, 2023 | 7:29 pm

TLT

The U.S. government is facing a potential shutdown as the Oct. 1 deadline approaches, with Senate negotiators working on a short-term spending agreement. House Speaker Kevin McCarthy is under pressure to navigate opposition and consider a Senate spending deal. Moody's Ratings has expressed concerns about the U.S.'s institutional and governance strength, stating a shutdown would be credit negative. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) dipped another 0.5% on Tuesday, extending its year-to-date losses to 13%.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 7:23 pm