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LCID

RIVN

TSLA

Lucid Group's CEO, Peter Rawlinson, announced that the company is not ready to produce an electric pickup truck to compete with Tesla's Cybertruck, citing challenges in making them cost-effective and with sufficient range. Instead, Lucid is focusing on its upcoming Gravity SUV and a future low-cost SUV crossover to compete in the EV market.

Portfolio Pulse from Chris Katje

September 11, 2024 | 3:48 pm

HON

Whales are showing a bullish stance on Honeywell Intl (NASDAQ:HON) with 61% of recent options trades being bullish. The price target for these trades ranges from $175 to $230. Honeywell is currently trading at $200.41, down 0.27%, with an RSI suggesting it may be approaching overbought territory. Analysts have set an average price target of $210, with a recent downgrade from Morgan Stanley to Equal-Weight.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 3:46 pm

CVS

Recent options trading activity for CVS Health shows a mix of bullish and bearish sentiment, with significant trades in both puts and calls. Analysts have adjusted their ratings and price targets, reflecting a cautious outlook. CVS Health's stock is currently trading at $54.98, down 3.44%, with an average analyst price target of $64.0.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 3:45 pm

SMMT

Summit Therapeutics (NASDAQ:SMMT) has seen significant options trading activity, with a mix of bullish and bearish sentiment. The stock is currently trading at $23.4, with analysts setting price targets between $16 and $25. The options market suggests a potential price range of $14 to $30.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 3:45 pm

ARRY

CSIQ

FSLR

NXT

RUN

SEDG

SHLS

TAN

Solar stocks surged following Vice President Kamala Harris's strong debate performance against Donald Trump, signaling potential stability for clean energy policies. The Invesco Solar ETF (TAN) rose 3.7%, with top gainers including First Solar, Shoals Technologies, and Canadian Solar.

Portfolio Pulse from Piero Cingari

September 11, 2024 | 3:37 pm

XNCR

Xencor shares are trading higher following the pricing of its $175 million offering of 6.635 million shares at $18.00 per share.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:31 pm

DIS

Deep-pocketed investors are showing a bullish sentiment towards Walt Disney (NYSE:DIS) as revealed by Benzinga's options scanner, which highlighted 14 extraordinary options activities. The sentiment is divided with 57% bullish and 42% bearish, indicating potential significant price movements between $70 and $130. The current price of DIS is $86.88, down 1.73%.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 3:30 pm

VEEV

Veeva Systems (NYSE:VEEV) has significantly outperformed the market over the past decade, with an average annual return of 22.21%. A $1000 investment in VEEV 10 years ago would now be worth $7,278.37, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 3:30 pm

FICO

Fair Isaac (NYSE:FICO) has significantly outperformed the market over the past 15 years, with an annualized return of 33.95%. A $100 investment in FICO 15 years ago would now be worth $8,046.50, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 3:30 pm

DVDN

IVR

MORT

RKT

SRET

TREE

Mortgage rates have fallen to their lowest level since February 2023, encouraging refinancing. The average rate for 30-year fixed-rate mortgages decreased to 6.29%. Despite the drop, affordability challenges persist. Stocks like Invesco Mortgage Capital, Rocket Companies, and Lendingtree saw declines, while ETFs had mixed reactions.

Portfolio Pulse from Michael Juliano

September 11, 2024 | 3:30 pm