Streetbeat News

Stock Prices

AMD

A significant bullish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 53% bullish and 46% bearish. The whales have been targeting a price range from $95.0 to $115.0 for AMD over the last 3 months. The price of AMD is currently up 1.96% at $107.16.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:31 pm

ANET

Arista Networks (NYSE:ANET) has outperformed the market over the past 5 years, producing an average annual return of 27.9%. If an investor had bought $1000 of ANET stock 5 years ago, it would be worth $3,373.63 today. The company currently has a market capitalization of $59.15 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:30 pm

IBN

ICICI Bank (NYSE:IBN) has outperformed the market over the past 15 years, producing an average annual return of 14.46%. If an investor had bought $100 of IBN stock 15 years ago, it would be worth $723.35 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:30 pm

BMY

NVO

PRTA

RHHBY

Prothena Corporation (NASDAQ:PRTA) is reportedly preparing for a potential sale, attracting interest from large drugmakers. The company has collaborations with Bristol Myers Squibb Co (NYSE:BMY), Roche Holding AG (OTC:RHHBY), and Novo Nordisk A/S (NYSE:NVO). Recently, Bristol Myers Squibb exercised its option to obtain exclusive worldwide commercial rights for PRX005, an anti-tau antibody for potentially treating Alzheimer's disease, and will pay Prothena $55 million. Prothena's shares are up 20% at $52.90.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 3:28 pm

GUSH

MRO

OXY

XOM

The Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (GUSH) rose by 0.8% amid geopolitical conflict and potential disruption of oil supplies from the Middle East. Analysts maintained a Buy rating on Marathon Oil Corporation (MRO) and bullish ratings on Exxon Mobil Corp (XOM). GUSH is a double-leveraged fund designed to outperform companies in the S&P Oil & Gas Exploration & Production Select Industry Index. Exxon, Occidental Petroleum Corporation (OXY), and Marathon Oil are among the popular companies held in the ETF.

Portfolio Pulse from Melanie Schaffer

October 16, 2023 | 3:27 pm

BAC

Goldman Sachs Group Inc. (GS) and Bank of America Corp. (BAC) are set to release their Q3 earnings. Analysts predict a 2.5% YoY increase in BAC's EPS and revenue, while GS is expected to see a 35% decline in EPS and a 7% decrease in revenue. BAC's stock has declined by 47% since February 2022, and GS's stock has seen a 26% decline since November 2021.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 3:25 pm

MREO

Mereo BioPharma announced interim Phase 2 Data from the Phase 2/3 Orbit study showing that setrusumab significantly reduced fracture rates in patients with Osteogenesis Imperfecta. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 3:23 pm

AAPL

HNHPF

NVDA

Nvidia Corp's stock is trading higher amid reports of the U.S. planning to prevent American chipmakers from selling semiconductors to China that bypass government restrictions. The restrictions will apply to shipments of advanced chips and chipmaking equipment to China. Nvidia released new variants, including the H800 chips for the Chinese market. There is speculation about a potential cooperation between Nvidia and Apple partner Foxconn. Nvidia also increased the price of GeForce Now in Europe and Canada.

Portfolio Pulse from Anusuya Lahiri

October 16, 2023 | 3:20 pm

AIAGY

BYDDF

BYDDY

CICHY

Short-selling activity in Hong Kong stood at HK$14.3 billion ($1.8 billion), or 22.9% of all shares traded. The top 3 shorted stocks were China Construction Bank Corporation (CICHY), AIA Group Ltd (AIAGY), and BYD Company Limited (BYDDF, BYDDY). CICHY was shorted due to rising non-performing loans, AIAGY due to potential exposure to real estate debts, and BYDDF/BYDDY due to fears of lower margins in the EV price war and selling pressure from shareholder Berkshire Hathway Inc (BRK-A).

Portfolio Pulse from Daniel Harrison

October 16, 2023 | 3:18 pm

DIS

NFLX

Netflix, Inc. (NASDAQ:NFLX) is expected to have boosted its subscriber count by about 6 million in Q3 due to its crackdown on password-sharing. Analysts predict that the company may increase its prices when it reports earnings. Netflix is also expected to double its ad-supported viewership next year and increase ad frequency. The ad tier is projected to bring in $188.1 million in Q3 revenue with 2.8 million subscriber additions. NFLX shares traded higher by 1.10% at $359.58.

Portfolio Pulse from Anusuya Lahiri

October 16, 2023 | 3:16 pm