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CMCSA

DIS

Walt Disney Co (NYSE:DIS) plans to double its capital expenditures at its Disney Parks, Experiences and Products ("DPEP") segment, with a capex of $60 billion over the next decade. This includes expanding and enhancing domestic and international parks and cruise line capacity. However, domestic parks, mainly Walt Disney World in Florida, observed a decline in attendance and hotel room bookings. The company's ongoing legal disputes with Florida Governor Ron DeSantis could potentially influence Disney's expansion plans for its Orlando location. Comcast Corp's (NASDAQ:CMCSA) Universal Parks in Florida also experienced a slowdown during this period.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 3:15 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $40.50 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:12 pm

BKR

The article provides a detailed comparison of Baker Hughes Co (NASDAQ:BKR) with its competitors in the Oil & Gas Equipment & Services industry. Baker Hughes shows strong performance in terms of EBITDA, gross profit, and revenue growth, indicating its ability to generate earnings and expand its business. However, its valuation ratios such as PE, price to book value, and price to sales are relatively low, suggesting it may be undervalued compared to its peers. Additionally, its return on equity is also low, indicating a lower level of profitability compared to its industry peers.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:11 pm

AMD

Advanced Micro Devices (AMD) announced new additions to its Kria portfolio and developer kits, including the Kria K24 System-on-Module (SOM) and KD240 Drives Starter Kit. The Kria K24 SOM is designed for powering electric drives and motor controllers used in digital signal processing applications. The KD240 Drives Starter Kit is a motor control-based development platform. The announcement comes a day after AMD announced the availability of its new EPYC 8004 series processors.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 3:06 pm

DTCK

Shares of Davis Commodities have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:04 pm

DIS

Disney's film 'Elemental' has performed well both in cinemas and on its Disney+ streaming platform, despite the company's overall struggle at the box office in 2023. The film grossed $154.3 million domestically and $486.7 million worldwide, and amassed 26.4 million views in its first five days on Disney+. This success comes after Disney announced a $1.99 per month promotion for a basic streaming package with ads. Disney's direct-to-consumer revenue was $5.5 billion in the third quarter, up 9% year-over-year.

Portfolio Pulse from Chris Katje

September 19, 2023 | 3:04 pm

MRNA

A whale investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 63% of the investors opening trades with bearish expectations. The total amount for puts is $353,442 and for calls is $96,920. Whales have been targeting a price range from $95.0 to $230.0 for Moderna over the last 3 months. Argus Research maintains their Buy rating on Moderna, with a price target of $140.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:01 pm

OXY

A significant amount of bearish options activity has been detected for Occidental Petroleum (NYSE:OXY), with 64% of investors opening trades with bearish expectations. The total amount for puts is $343,656 and for calls is $168,468. Whales have been targeting a price range from $35.0 to $95.0 for Occidental Petroleum over the last 3 months. Mizuho maintains a Buy rating with a price target of $76, while Roth MKM downgraded its action to Neutral with a price target of $60.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:01 pm

CURV

Over the last quarter, Torrid Holdings (NYSE:CURV) has received indifferent ratings from five analysts. The 12-month price target for the company, according to these analysts, is $2.32, a decrease of 28.62% from the previous average price target of $3.25.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:01 pm

LBRT

Liberty Energy (NYSE:LBRT) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, and 5 indifferent ratings. The average price target is $19.14, slightly above the current price of $18.57.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 3:01 pm