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Stock Prices

FDX

A large investor has taken a bullish stance on FedEx (NYSE:FDX), with 14 uncommon options trades spotted. The sentiment of these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $230.0 to $285.0 for FedEx over the last 3 months. The price of FDX is currently down -1.58% at $250.06. Several financial institutions have maintained their ratings on FedEx, with price targets ranging from $200 to $300.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:45 pm

AAPL

AMZN

ARM

BTCUSD

CART

GLD

GOOG

KVYO

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the rising oil prices due to reduced supply by Saudi Arabia, Russia, and other OPEC+ members, and increased demand from China and the US. This is making the fight against inflation difficult for the Fed and the Bank of England. The article also mentions the potential impact of rising oil prices on Japan's monetary policy, the preorders for iPhone 15, the IPOs of Arm Holdings, Instacart, and Klaviyo, and Saudi Arabia's bid for the next Tesla factory. Early trade money flows are positive in Apple and Alphabet, negative in Amazon, NVIDIA, Microsoft, Meta Platforms, and Tesla, and mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

September 18, 2023 | 6:38 pm

COST

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST) with an unchanged price target of $575. Feldman projects a 19% EPS growth to $5.00 for 4Q FY23, higher than the FactSet consensus of $4.79. Sales growth is estimated at 8.9% to $77.1 billion, with a headline comparable sales of 1.1%. The analyst expects Costco to remain a share gainer due to its value-focused merchandising and high member loyalty.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 6:31 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years by 4.95% on an annualized basis, producing an average annual return of 12.68%. If an investor had bought $100 of GILD stock 20 years ago, it would be worth $1,079.67 today.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:30 pm

BLK

Over the past 20 years, BlackRock (NYSE:BLK) has outperformed the market by 6.35% on an annualized basis, producing an average annual return of 14.08%. If an investor had bought $100 of BLK stock 20 years ago, it would be worth $1,371.83 today.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:30 pm

SKX

VFC

Piper Sandler analyst Abbie Zvejnieks upgraded Skechers U.S.A., Inc. (SKX) from Neutral to Overweight and raised the price target from $54 to $59, citing strong underlying demand and potential for international growth. However, V.F. Corp (VFC) was downgraded from Overweight to Neutral with a lowered price target from $28 to $20 due to weakness in core classics and an unfavorable ruling on the Timberland tax credit.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 6:29 pm

AEO

BURL

CROX

GPS

KSS

TGT

Retail stocks are trading lower due to a recent holiday retail forecast from Deloitte, which estimated a slower holiday sales growth of 3.5-4.6% compared to last year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 6:28 pm

MCO

Moody's (NYSE:MCO) short percent of float has fallen 4.35% since its last report, with 1.40 million shares sold short, which is 0.88% of all regular shares available for trading. It would take traders 2.73 days to cover their short positions on average. Moody's has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.75%.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:15 pm

AFL

Aflac's (NYSE:AFL) short percent of float has risen 3.83% since its last report, with 12.79 million shares sold short, which is 2.17% of all regular shares available for trading. It would take traders 6.57 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Aflac's peer group average for short interest as a percentage of float is 2.38%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:15 pm

GFS

GLOBALFOUNDRIES's (NYSE:GFS) short percent of float has risen 4.31% since its last report, with 11.68 million shares sold short, which is 14.04% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:15 pm