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PXD

XOM

Exxon Mobil Corporation (XOM) has announced plans to acquire Pioneer Natural Resources (PXD) for $64.5 billion, marking one of its largest acquisitions in company history. This is the biggest deal by Exxon Mobil since the merger of Exxon and Mobil in 1999. An investment of $1,000 in Exxon Mobil stock when the merger closed in 1999 would be worth $2,635.66 today, marking a hypothetical return of 163.6% over the last 24 years. When factoring in dividends, the return would be 458.8%.

Portfolio Pulse from Chris Katje

October 11, 2023 | 7:24 pm

SILK

Silk Road Medical Inc (NASDAQ:SILK) reported lower than expected Q3 revenue and projected FY23 revenue below consensus. The company's CEO, Erica Rogers, also announced her retirement. Following these announcements, Citi downgraded the stock from Buy to Sell, Piper Sandler lowered the price target, and Stifel downgraded the stock from Buy to Hold.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 7:24 pm

CRM

A significant bullish stance on Salesforce (NYSE:CRM) has been observed, with unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The price target for Salesforce over the last 3 months has been between $65.0 to $230.0. Several experts have downgraded their actions but with high price targets. The next earnings are expected in 49 days.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:18 pm

HD

A significant bearish stance has been taken on Home Depot (NYSE:HD) by a whale investor. Out of the 10 unusual trades detected, 90% were bearish and 10% bullish. The total amount for puts was $141,980 and for calls was $496,088. The targeted price range for Home Depot over the last 3 months has been $180.0 to $315.0. The current price of HD is up 0.27% at $300.02. HSBC has downgraded its action to Hold with a price target of $365, while Telsey Advisory Group and Truist Securities maintain their Market Perform and Buy ratings respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:18 pm

RGLD

BMO Capital Markets analyst Jackie Przybylowski has reiterated the Market Perform rating on Royal Gold, Inc (NASDAQ:RGLD), raising the price target to $139 from $137. The company's Q3 2023 Stream Segment Sales beat the analyst's estimates in terms of gold, copper, and overall gold equivalent stream ounces sold. The analyst views ongoing debt repayment and exposure to resource growth as key catalysts for the company.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 7:14 pm

AAPL

Piper Sandler analyst Harish V. Kumar maintains an Overweight rating on Apple Inc (AAPL) with a price target of $220. According to Piper Sandler's Taking Stock with Teens Fall 2023 survey, Apple's share of smartphone ownership remains near record highs. The survey also shows strong results for Apple's other hardware metrics, with 34% of teens owning an Apple Watch and 72% owning AirPods. Kumar projects Q4 revenue of $88.89 billion and FY23 revenue of $382.67 billion.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 7:12 pm

ATO

Mizuho analyst Gabriel Moreen has reiterated a Buy rating on Atmos Energy Corporation (NYSE:ATO), but lowered the price target to $131 from $137 due to industry headwinds. The EPS estimate for FY24 is $6.42/share, implying a 6.1% growth, which is at the lower end of ATO's 6%-8% growth target. This is primarily due to sustained exogenous headwinds, particularly O&M inflation. ATO shares are trading higher by 0.70% to $111.58.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 7:12 pm

ABT

MDT

Shares of Medtronic plc. (NYSE:MDT) and Abbott Laboratories (NYSE:ABT) are trading lower after the U.S. Food and Drug Administration (FDA) established a Digital Health Advisory Committee. The committee will explore issues related to digital health technologies and will be fully operational in 2024. At the time of publication, shares of MDT were down 4.86% at $72.48 while shares of ABT were down 5.13% at $92.55.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 7:08 pm

NFLX

Piper Sandler analyst Matt Farrell maintained a Neutral rating on Netflix Inc (NASDAQ:NFLX) and lowered the price target from $440 to $400 ahead of Q3 earnings. Farrell cited concerns over margins and leadership changes, particularly the departure of the advertising business leader. He also noted potential price increases on ad-free plans and the continuation of the paid-sharing roll-out. Morgan Stanley analyst Benjamin Swinburne also maintained an Equal-Weight rating on Netflix and lowered the price target from $450 to $430.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 7:07 pm

BCO

NCR

NCR Corporation's shares are trading higher following reports of a potential merger of its ATM business with Brink's Co., despite Brink's denying the speculation. NCR's CEO, Michael D. Hayford, is also retiring following the successful separation of NCR into NCR Atleos and NCR Voyix. The stock experienced above-average trading volume.

Portfolio Pulse from Ryan Gustafson

October 11, 2023 | 7:02 pm