Streetbeat News

Stock Prices

BMY

A significant bearish stance has been taken on Bristol-Myers Squibb (NYSE:BMY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $30.0 to $57.5 for Bristol-Myers Squibb over the last 3 months. The price of BMY is currently up 1.18% at $51.62.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:30 pm

FCX

Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 14.08% on an annualized basis, producing an average annual return of 22.92%. If an investor had bought $1000 of FCX stock 5 years ago, it would be worth $2,796.82 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:30 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years by 2.05% on an annualized basis, producing an average annual return of 9.09%. If an investor had bought $100 of GD stock 20 years ago, it would be worth $571.06 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:30 pm

AMZN

DDOG

GOOG

GOOGL

MSFT

Baird analyst William Power downgraded Datadog Inc (DDOG) from Outperform to Neutral and lowered the price target from $100 to $84. Power cited optimization challenges and overly high growth expectations for 2024 as reasons for the downgrade. He also noted mixed comments from hyperscalers like Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOG, GOOGL). DDOG shares traded lower by 1.40% at $80.54.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 6:29 pm

BKYI

BIO-key International, Inc. (NASDAQ:BKYI) has announced the pricing of its public offering of 21,430,000 units at $0.175 per unit, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. The offering is expected to close on October 31, 2023, and is expected to generate gross proceeds of approximately $3.75 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 6:24 pm

LHX

Raymond James analyst Brian Gesuale upgraded L3Harris Technologies Inc (NYSE:LHX) to Outperform from Market Perform and set a price target of $210. The analyst is bullish due to the company's improved fundamentals and expects it to normalize in the coming quarters. He also expects non-core asset sales and FCF of $2.5 billion in FY24 and FY25 to reduce leverage. Last week, L3Harris reported Q3 FY23 adjusted EPS of $3.19, beating the consensus of $3.03, and revenue of $4.915 billion, surpassing the street view of $4.76 billion.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 6:19 pm

BLK

Unusual options activity has been observed for BlackRock (NYSE:BLK), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. The options trades target a price range from $530.0 to $900.0 for BlackRock over the last 3 months. Major banks including Morgan Stanley, Deutsche Bank, Wells Fargo, and JP Morgan have maintained their positive ratings on BlackRock, with price targets ranging from $708 to $897.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:16 pm

NOW

A significant bearish stance has been taken on ServiceNow (NYSE:NOW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish. Whales have been targeting a price range from $320.0 to $790.0 for ServiceNow over the last 3 months. The price of NOW is currently up 0.9% at $559.0. Several financial firms have given their ratings and price targets for ServiceNow.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:15 pm

SAM

Morgan Stanley analyst Eric Serotta reiterated an Underweight rating on Boston Beer Company Inc (NYSE:SAM) and raised the price target from $270 to $285. Despite beating Q3 FY23 revenue and EPS estimates, the analyst expects SAM's volumes to remain under structural pressure with continued declines in the malt-based hard seltzer category. The analyst also sees limited visibility for SAM to return to its targeted 49% - 50% gross margins over the next several years.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 6:14 pm

INTC

Intel Corporation (NASDAQ:INTC) shares have seen a 5.5% increase over the past five trading sessions, reaching $35.56. The rise is attributed to better-than-expected Q4 results and strong guidance. Intel's Mobileye business unit reported $530 million in Q4 revenue, up 18% YoY. The strong guidance and performance of Mobileye are positive signals to investors, indicating potential for higher revenues and earnings in the future.

Portfolio Pulse from Henry Khederian

October 30, 2023 | 6:02 pm