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CMBM

Cambium Networks Corp (CMBM) shares are trading higher despite the company lowering its Q3 revenue outlook to $40-$45 million from $62-$70 million due to delayed government orders, sluggish sector growth, reduced orders, and economic challenges in EMEA. The company has also suspended its full-year 2023 guidance. However, point-of-sale revenues are up, suggesting reduced channel inventories. The company has about $27 million in cash and a $45 million unused credit line.

Portfolio Pulse from Henry Khederian

October 06, 2023 | 2:49 pm

BEN

Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Franklin Resources (NYSE:BEN) and lowered the price target from $24 to $23.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 2:47 pm

AES

AES Corporation's stock has been downgraded from Buy to Neutral by UBS, with the price target also being lowered from $22 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 2:46 pm

AVGO

A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a whale investor, with 70% of the detected trades being bearish. The trades targeted a price range from $720.0 to $1360.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.44% at $820.2. Keybanc, Susquehanna, and Truist Securities have all downgraded their actions on Broadcom, with price targets of $1000, $1010, and $995 respectively.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:46 pm

TTD

A whale investor has taken a bearish stance on Trade Desk (NASDAQ:TTD), with 60% of the spotted trades being bearish. The total amount for puts is $75,685 and for calls is $398,012. Whales have been targeting a price range from $25.0 to $80.0 for Trade Desk over the last 3 months. The price of TTD is down -1.22% at $77.21. UBS has downgraded its action to Buy with a price target of $100.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:46 pm

PDD

A significant bullish stance has been taken on PDD Holdings (NASDAQ:PDD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. Whales have been targeting a price range from $70.0 to $135.0 for PDD Holdings over the last 3 months. The price of PDD is up 6.49% at $104.74.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:46 pm

EVV

Eaton Vance Ltd Duration (AMEX:EVV) announced it will pay a monthly dividend of 7.66 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 7.66 cents lower. Shareholders owning EVV by the end of Tuesday's session will be eligible for the dividend payout. The dividend will be paid out on October 19, 2023.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:45 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

XOM

The stock market is expected to be influenced by the upcoming inflation data and earnings. The jobs report is strong, but average hourly earnings are lower than expected. Exxon Mobil Corp is rumored to be in talks to buy Pioneer Natural Resources Co for $60B. Money flows are negative in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, and NVIDIA Corp, and very negative in Tesla Inc. Money flows are also negative in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 06, 2023 | 2:45 pm

LCII

LCI Industries' stock has been downgraded from Neutral to Underperform by DA Davidson, who also lowered its price target from $113 to $91. This has resulted in a decrease in the trading price of LCI Industries shares.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 2:45 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares are up significantly, despite being down nearly 37% over the last month. The company will report its preliminary Q3 financial results on Oct. 12. A significant holder of T2 Biosystems stock, CR Group L.P., sold more than 28 million TTOO shares at the end of September. The stock is currently trending on Yahoo! Finance with more than 43 million shares traded in the session, compared to the 100-day average of 115.928 million shares.

Portfolio Pulse from Erica Kollmann

October 06, 2023 | 2:41 pm