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Stock Prices

VZ

Verizon Communications Inc. (NYSE:VZ) shares are trading lower by 2.2% to $30.76, likely due to a market-wide drop in stocks following the release of September's Consumer Price Index (CPI) data. The CPI data revealed a year-on-year increase of 3.7%, surpassing expectations. This could lead to concerns about inflation, potentially affecting consumer spending on services offered by Verizon. Higher interest rates could also increase Verizon's debt interest, impacting its profitability and stock price.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 7:03 pm

T

AT&T Inc. (NYSE:T) shares are trading lower after JP Morgan maintained a Neutral rating on the stock but lowered its price target from $18 to $17. The overall market is also declining due to the release of September's Consumer Price Index (CPI) data, which showed a year-on-year increase of 3.7%, exceeding the expected 3.6% increase. Higher CPI data can lead to concerns about rising inflation, which can increase borrowing costs for companies like AT&T, reducing their profitability and potentially making their stock less attractive to investors.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 7:03 pm

SITE

Barclays analyst Matthew Bouley maintains an Underweight rating on SiteOne Landscape Supply (NYSE:SITE) and has lowered the price target from $144 to $139.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 7:03 pm

MDT

A significant amount of unusual options activity has been detected for Medtronic (NYSE:MDT), with a mix of bullish and bearish stances. Of the 11 strange trades detected, 54% were opened with bullish expectations and 45% with bearish. The total amount for the 7 puts was $299,903 and for the 4 calls was $128,239. Whales have been targeting a price range from $67.5 to $97.5 for Medtronic over the last 3 months. The current price of MDT is down -2.57% at $71.02.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 7:02 pm

FDX

A significant bearish stance has been taken on FedEx (NYSE:FDX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $210.0 to $282.5 for FedEx over the last 3 months. Analysts from Morgan Stanley, Loop Capital, Susquehanna, Citigroup, and BMO Capital have maintained their ratings on FedEx with price targets ranging from $205 to $315.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 7:02 pm

MNTS

Shares of Momentus Inc (NASDAQ:MNTS) are trading higher on high volume as retail traders target the stock. The company announced a contract with RIDE! Space for transportation and orbital delivery services, set to commence in Q1 next year. The African space economy is projected to grow to over $22 billion by 2026, and Momentus anticipates rideshare services to be a key enabler for this growth. Momentus' trading volume has exceeded 28.5 million, significantly higher than its 100-day average session volume of 1.4 million.

Portfolio Pulse from Adam Eckert

October 12, 2023 | 7:02 pm

GOOGL

SBUX

TSLA

The article discusses the three phases of stock trends: accumulation, distribution, and consolidation, using Alphabet Inc. (GOOGL), Starbucks Corp. (SBUX), and Tesla Inc. (TSLA) as examples. GOOGL is in the accumulation phase, showing consistent signs of strength and an uptrend. SBUX is in the distribution phase, experiencing lower highs and lower lows, indicating a downtrend. TSLA is in the consolidation phase, moving neither higher nor lower, indicating a fairly valued stock.

Portfolio Pulse from David Keller

October 12, 2023 | 7:01 pm

AVGO

VMW

Broadcom Inc. (NASDAQ:AVGO) and Vmware, Inc. (NYSE:VMW) shares are trading higher following a report that China's State Administration for Market Regulation is expected to grant Broadcom conditional antitrust approval for its acquisition of Vmware. CNBC's Jim Cramer suggests that Broadcom shares will gain considerably pending the $60 billion transaction.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 7:01 pm

NSTG

Four analysts have provided ratings for NanoString Technologies (NASDAQ:NSTG) in the last quarter, with two being bullish, one somewhat bullish, and one indifferent. The average 12-month price target for NSTG is $9.12, representing a 21.85% decrease from the previous average price target of $11.67.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 7:00 pm

MGM

MGM Resorts Intl (NYSE:MGM) has received various analyst ratings in the last quarter, with 1 bullish, 5 somewhat bullish, and 3 indifferent. The average 12-month price target for MGM Resorts Intl is $55.0, an increase of 0.31% from the previous average price target of $54.83.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 7:00 pm