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ABBV

A significant bullish stance has been taken on AbbVie (NYSE:ABBV) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The price target range for AbbVie over the last 3 months, based on Volume and Open Interest, is $135.0 to $165.0. Barclays has upgraded its action to Overweight with a price target of $170, while Morgan Stanley maintains their Overweight rating with a price target of $193 and $196.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:15 pm

AAPL

GOOG

MSFT

Apple Inc. reported a 1% YoY drop in revenue to $89.5 billion for the September quarter, marking the fourth consecutive quarter of contraction. The company's hardware business, except for the iPhone, saw a decline in demand, with significant drops in the iPad and Mac segments. Revenue from greater China also fell 2.5% to $15.08 billion. However, services revenue rose 16.3% to $22.31 billion, and net income for the quarter was $22.96 billion. For the fiscal year ending in September, Apple saw a 3% decline in sales to $383.29 billion. The company expects flat revenue for the current quarter.

Portfolio Pulse from Upwallstreet

November 03, 2023 | 6:15 pm

SBUX

Starbucks shares are trading higher following the announcement of a new strategic plan by the company.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:13 pm

DIA

IWM

QQQ

SPY

Major indexes are showing positive performance following the release of October jobs data. Investors are also considering the implications of the Federal Reserve's recent rate decision and earnings reports from major US companies.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:12 pm

LOPE

Grand Canyon Education's shares are trading higher following the company's Q3 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:12 pm

C

Citigroup, Inc. (NYSE:C) is reportedly asking credit card holders to use digital bills, or they might lose access to their online accounts. This initiative is part of a 'beta program' for customers who manage their accounts online but continue to receive paper statements. Lawyers and consumer advocates argue that the policy challenges federal regulations. Citigroup's shares are trading higher by 2.53% to $42.40.

Portfolio Pulse from Nabaparna Bhattacharya

November 03, 2023 | 6:05 pm

PCTY

Paylocity shares are trading lower following the company's Q1 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:03 pm

FIVN

Five9 reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:02 pm

STRL

Sterling Infrastructure (NASDAQ:STRL) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $1.25. The company's past performance shows a trend of beating EPS estimates, which has led to increases in share price. The stock is currently trading at $75.49, up 131.81% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:02 pm

IVR

Invesco Mortgage Capital (NYSE:IVR) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $1.23. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the stock has seen a 33.7% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:02 pm