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Stock Prices

DXCM

A significant bearish stance has been taken on DexCom (NASDAQ:DXCM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $90.0 to $100.0 for DexCom over the last 3 months. The price of DXCM is currently down -4.28% at $97.2. Despite this, UBS, Baird, and Raymond James have maintained their positive ratings on DexCom.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:16 pm

ADBE

Adobe Inc (NASDAQ:ADBE) reported its fiscal third quarter earnings, exceeding Wall Street estimates. However, shares fell 3.4% due to muted guidance and the indication that AI price increases may take longer to impact the bottom line. Revenue rose 10% YoY to $4.89 billion, with earnings boosted by the successful launch of Adobe’s Firefly suite of tools and raised subscription prices. Adobe's CFO Dan Durn emphasized the company's strong position to capture the opportunities of the upcoming AI era.

Portfolio Pulse from Upwallstreet

September 15, 2023 | 3:15 pm

LEN

Lennar Corp's executive has stated that the net price of homes has moderated and the net average sales prices have stabilized.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 3:13 pm

AMZN

Amazon's stock has surged by 69% this year, with the stock price close to breaking through the $144 resistance level. If it successfully does, reaching $150 seems within reach. The highest point the price reached in 2022 was $171, marking a significant resistance level. After the closing bell on Wednesday, September 13, the stock closed at $144.85, trading up by 2.61%.

Portfolio Pulse from Zaheer Anwari

September 15, 2023 | 3:12 pm

CAR

CVNA

HTZ

KMX

VRM

The United Auto Workers (UAW) union plans to strike against the major U.S. auto manufacturers, demanding pay increases and shorter work weeks. This could impact the value of cars, potentially increasing used car prices. Stocks of used car companies like Carvana Co, CarMax, AutoNation, and Vroom may benefit. The strike could also be beneficial for car rental companies like Avis Budget Group and Hertz Global Holdings. The 'big three' auto companies may need to focus more on capital discipline post labor negotiations.

Portfolio Pulse from Aaron Bry

September 15, 2023 | 3:11 pm

AAPL

AMZN

ARM

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The Volatility Index (VIX) has fallen to its lowest level in two years, indicating a lack of fear in the stock market. This is due to the expiration of $3.4 trillion worth of options, the largest September option expiration ever. Investors are aggressively buying shares of Arm Holdings (ARM) due to the belief that it is an AI company on par with NVIDIA (NVDA). However, this is not the case as ARM is not an AI company. Positive money flows are seen in Apple (AAPL), Tesla (TSLA), and Meta Platforms (META), while negative flows are seen in Amazon (AMZN), NVIDIA, Alphabet (GOOG), and Microsoft (MSFT). Mixed money flows are seen in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

September 15, 2023 | 3:06 pm

PANW

A significant bearish stance has been taken on Palo Alto Networks (NASDAQ:PANW) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $225.0 to $280.0 for Palo Alto Networks over the last 3 months. The price of PANW is currently down -1.82% at $241.34. Several financial institutions have maintained their Buy or Outperform ratings on PANW, with price targets ranging from $250 to $290.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:02 pm

MTD

A significant bearish stance has been taken on Mettler-Toledo Intl (NYSE:MTD) by a large investor, as indicated by a large position in options. 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 $1160.0 to $1210.0 for Mettler-Toledo Intl over the last 3 months. The price of MTD is currently down -1.71% at $1137.89.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:02 pm

DASH

DoorDash's stock has been downgraded from Outperform to Market Perform by MoffettNathanson, leading to a decrease in its share price.

Portfolio Pulse from Bill Haddad

September 15, 2023 | 3:01 pm

LNN

In the last quarter, Lindsay (NYSE:LNN) received 2 bullish and 2 indifferent ratings from analysts. The company's average 12-month price target is $143.75, representing a 7.41% decrease from the previous average price target of $155.25.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:01 pm