Streetbeat News

Stock Prices

MO

A large bearish position has been taken on Altria Group (NYSE:MO), with 66% of big-money traders showing bearish sentiment. The price of MO is down -1.45% at $44.1. Whales have been targeting a price range from $30.0 to $80.0 for Altria Group over the last 3 months. Jefferies has maintained their Buy rating on Altria Group, with a price target of $55.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:49 pm

NUE

Nucor Corporation (NUE) expects its Q3 earnings for the Steel Mills segment to decline quarter-over-quarter primarily due to lower pricing and, to a lesser extent, volumes.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:36 pm

NUE

Nucor Corporation expects its Q3 earnings per share (EPS) to be between $4.10 and $4.20, which is lower than the estimated $4.65. This is also significantly lower than the $6.50 EPS posted in the same period last year. The company anticipates the largest impact on earnings to occur at its sheet mills.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:35 pm

BIL

SGOV

Ray Dalio, founder of Bridgewater Associates LP, has expressed his preference for cash over bonds due to the growing complexity of the global financial landscape and the threat of inflation. He noted that cash-like instruments, particularly ETFs linked to Treasury bills or short-dated Treasury bonds, are seeing a surge in demand. The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the iShares Trust 0-3 Month Treasury Bond ETF (SGOV) have seen significant inflows this month.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 8:35 pm

AMAT

A significant amount of unusual options activity has been detected for Applied Mat (NASDAQ:AMAT), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $827,305 and for calls was $2,866,656. Whales have been targeting a price range from $80.0 to $160.0 for Applied Mat over the last 3 months. The current price of AMAT is $144.57. Several experts have maintained their ratings on Applied Mat, with price targets ranging from $128 to $175.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:33 pm

PFE

A significant bearish stance has been taken on Pfizer (NYSE:PFE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 47% bullish and 52% bearish. The whales have been targeting a price range from $30.0 to $38.0 for Pfizer over the last 3 months. Pfizer's current price is $34.15, up 0.21%. Several experts have downgraded their action on Pfizer, with price targets ranging from $62 to $75.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:33 pm

LEN

Lennar Corporation expects its Q4 new orders to be between 16,200 and 17,200, with the average sales price remaining consistent with Q3.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:32 pm

AXLA

Axcella has announced a 1-for-25 reverse stock split, which will be effective from September 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 8:31 pm

ABT

Abbott Laboratories (NYSE:ABT) has outperformed the market over the past 10 years by 1.12% on an annualized basis, producing an average annual return of 11.16%. If an investor had bought $100 of ABT stock 10 years ago, it would be worth $293.54 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:30 pm

MCK

McKesson (NYSE:MCK) has outperformed the market over the past 5 years by 16.68% on an annualized basis, producing an average annual return of 25.82%. If an investor had bought $100 of MCK stock 5 years ago, it would be worth $318.41 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 8:30 pm