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AMZN

PDD

PYPL

Mizuho analyst Dan Dolev reiterated a Buy rating for PayPal Holdings Inc (PYPL) with a $92 price target. The analyst sees potential growth for PYPL's Branded Checkout button due to the surge in popularity of China's Temu, an online marketplace launched by PDD Holdings Inc (PDD) in the U.S. PYPL is among the payment options available on Temu. Web traffic to Temu has increased significantly, contributing to a higher share of incoming traffic to PYPL.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 5:42 pm

Micron Technology Inc's shares are trading lower due to weakness in semiconductor and chip stocks. This is reportedly due to Taiwan Semiconductor Manufacturing Company (TSMC) instructing its suppliers to postpone the delivery of high-end chipmaking equipment amid demand uncertainty. This could potentially cause delays in the supply of critical components to companies like Micron, disrupting their production schedules and increasing costs.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 5:41 pm

FGF

HCI

MRAI

TIRX

Insurance stocks showed mixed performance in Friday's intraday session. Tian Ruixiang Holdings, FG Finl Gr, Abacus Life, Kingstone Companies, Axis Capital Holdings, and Oxbridge Re Holdings saw gains, while HCI Group, Marpai, American Coastal, Hallmark Financial Servs, Root, and Lemonade experienced losses.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:40 pm

CART

Instacart is planning to price its IPO shares on Monday, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 5:38 pm

AMAT

TSM

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower due to a reported delay in delivery of high-end chipmaking equipment by Taiwan Semiconductor Manufacturing Company (TSMC). As a major supplier of such equipment, Applied Materials' revenue and earnings could be affected by this delay. The delay reflects concerns about the market outlook, driven by weaker economic conditions and softer end-market demand.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 5:38 pm

BAX

BMRN

BMY

CAH

HOLX

LLY

SGEN

SRPT

SYK

TMO

Benzinga's options activity scanner has identified significant options activity in the Health Care sector. Notable trades include bearish put options for TMO, BMRN, BAX, and SGEN, bullish call options for HOLX, SYK, SRPT, and LLY, and neutral put options for CAH and BMY.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:35 pm

ABNB

CAVA

CVNA

DHI

DKS

MCD

MGM

RCL

TSLA

The article reports on unusual options activity in the Consumer Discretionary sector. Ten companies are mentioned: Tesla (TSLA), Carvana (CVNA), Ford (F), Airbnb (ABNB), MGM Resorts (MGM), Royal Caribbean (RCL), Cava (CAVA), D.R. Horton (DHI), McDonald's (MCD), and Dick's Sporting Goods (DKS). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:35 pm

AAPL

AMD

AVGO

CSCO

INTC

KLAC

MCHP

MSFT

NVDA

The article reports on the options activity of 10 Information Technology stocks, including AAPL, NVDA, CSCO, AMD, MSFT, INTC, MU, MCHP, KLAC, and AVGO. The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as 'whales'. The article provides detailed information on the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:35 pm

LNN

Stifel analyst Nathan Jones has downgraded Lindsay Corporation (NYSE:LNN) to Hold from Buy, lowering the price target to $135 from $146. This follows a survey of Lindsay's domestic irrigation dealers, which revealed a grim demand forecast for the fall season. Dealers reported a 1.9% drop in domestic volume and a 0.9% price increase over the past three months. They also do not anticipate any significant ramp in spending post-harvest due to market uncertainties. LNN shares are trading lower by 10.58% to $114.30.

Portfolio Pulse from Nabaparna Bhattacharya

September 15, 2023 | 5:33 pm

UPS

A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 80% of recent trades being bearish. The targeted price range for UPS over the last 3 months is $125.0 to $210.0. The current price of UPS is down -0.52% at $159.9. Analysts from Citigroup, B of A Securities, Evercore ISI Group, and TD Cowen maintain their ratings on UPS, while Stephens & Co. downgraded its action to Equal-Weight.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 5:33 pm