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KLAC

KLA Corp's stock is trading lower due to new U.S. regulations designed to prevent China, Iran, and Russia from using American AI technology for military purposes. These rules restrict chip exports and blacklist two Chinese chip makers, potentially reducing demand for KLA's products and disrupting global semiconductor supply chains.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 6:23 pm

GFS

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) shares are currently trading at $55.82, after a 1.24% decrease. Despite a 2.18% fall over the past month, the stock has risen by 7.52% over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, suggesting the stock might be undervalued. However, a lower P/E can also indicate that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:15 pm

MLCO

Melco Resorts has an option alert for November 17 $10 calls sweep near the ask with 2322 contracts at $0.151 versus 541 open interest. The company's earnings are expected on November 1 before the market opens.

Portfolio Pulse from Charles Gross

October 17, 2023 | 6:03 pm

SMMT

Summit Therapeutics' COO Manmeet Soni has purchased approximately 17 million shares at an average price of $0.29, according to a Form4 filing. This has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 6:01 pm

NOC

A significant bearish stance has been taken on Northrop Grumman (NYSE:NOC) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $210.0 to $550.0 for Northrop Grumman over the last 3 months. Deutsche Bank and UBS have downgraded their action to Buy with price targets of $502 and $555 respectively, while Wells Fargo maintains an Equal-Weight rating with a price target of $435.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:01 pm

NEE

A significant bearish stance has been taken on NextEra Energy (NYSE:NEE) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $42.5 to $77.5 for NextEra Energy over the last 3 months. BMO Capital, Morgan Stanley, and Mizuho have maintained their positive ratings on NextEra Energy, with price targets of $72, $91, and $65 respectively.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:01 pm

MELI

A whale investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 57% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $560.0 to $1640.0 for MercadoLibre over the last 3 months. The price of MELI is up 0.72% at $1235.0. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:01 pm

MCFT

MasterCraft Boat Hldgs (NASDAQ:MCFT) has received a mix of bullish and indifferent analyst ratings in the last quarter. The average 12-month price target for the company has decreased by 25.75% from the previous average of $33.86 to $25.14.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:00 pm

PCG

PG&E (NYSE:PCG) has received various analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, and 3 indifferent. The average 12-month price target for PG&E, according to 8 analysts, is $17.88, an increase of 2.76% from the previous average of $17.40.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:00 pm

FERG

Ferguson (NYSE:FERG) has received positive analyst ratings in the last quarter, with 2 bullish and 4 somewhat bullish ratings. The average price target for the stock is $179.83, indicating an upside from the current price of $164.28. The average price target has increased by 6.09% over the past month.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:00 pm