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ARKK

NVDA

TARK

TSLA

Cathie Wood, head of ARK Invest, is known for her forward-thinking investing approach, focusing on disruptive technologies. She bought stock in Tesla and NVIDIA in 2016. ARK Invest offers 8 US-listed ETFs, including ARK Innovation ETF, ARK Genomic Revolution ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, ARK Fintech Innovation ETF, ARK Space Exploration & Innovation ETF, 3D Printing ETF, and ARK Israel Innovative Technology ETF. The firm's funds have consistently outperformed the market, but are more prone to downswings. The AXS 2X Innovation ETF aims to return twice the daily return of ARKK.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:47 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares fell in after-hours trading following the company's announcement of preliminary Q3 results. The company reported a 60% decrease in total revenue compared to the same period last year, mainly due to a $1.0 million decline in BARDA revenue. The company also announced FDA 510(k) clearance for the T2Biothreat Panel and 510(k) submission for Acinetobacter baumannii detection. The stock price drop follows a 43.9% decrease during regular trading due to a reverse stock split.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 8:46 pm

HUM

A significant bullish stance has been taken on Humana (NYSE:HUM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 80% bullish and 20% bearish. The targeted price range for Humana over the last three months has been $440.0 to $520.0. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $597, while Jefferies has maintained their Buy rating with a price target of $586.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 8:46 pm

FTNT

A significant bearish stance has been observed in Fortinet's (NASDAQ:FTNT) options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $65.0 for Fortinet over the last 3 months. The price of FTNT is down -1.64% at $58.0. Several experts have downgraded their actions on Fortinet, with price targets ranging from $68 to $90.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 8:46 pm

DG

Dollar General Corp (NYSE:DG) shares are trading higher after the company updated its outlook and appointed a new CEO. The company now expects net sales growth to be between 1.5% and 2.5% for fiscal-year 2023, and earnings are expected to be in the range of $7.10 to $7.60 per share. Former CEO Todd Vasos has been selected to take over the role of CEO after Jeff Owen's resignation.

Portfolio Pulse from Adam Eckert

October 12, 2023 | 8:42 pm

OM

Outset Medical has reported its preliminary Q3 financial results, which has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:36 pm

SHCR

Sharecare has confirmed receiving an unsolicited proposal from Claritas Capital to acquire all its outstanding shares for a cash consideration of between $1.35-$1.80 per share.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:36 pm

SLB

A whale investor has taken a bearish stance on Schlumberger Limited (NYSE:SLB), with 54% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $52.5 to $70.0 for SLB over the last 3 months. Currently, the price of SLB is down -0.66% at $58.37. Societe Generale downgraded its action to Buy with a price target of $81, while Citigroup maintained their Buy rating on SLB with a price target of $70.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 8:30 pm

SGH

SMART Global Holdings, Inc. (NASDAQ:SGH) reported worse-than-expected Q4 results and issued Q1 earnings per share and revenue guidance below estimates. The company reported Q4 earnings of 35 cents per share, missing the analyst consensus estimate of 45 cents, and sales of $316.66 million, missing the estimate of $375.04 million. The company anticipates Q1 earnings per share of 15 cents +/- 15 cents, versus the estimate of 40 cents, and revenue of $275 million +/- $25 million, versus the $383.44 million estimate.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 8:30 pm

CMTL

Comtech Telecommunications has projected an increase in net sales of approximately 1%-4% for Q1 2024. The company also expects an adjusted EBITDA margin of 11%-13%.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:29 pm