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Stock Prices

PIXY

ShiftPixy Inc (NASDAQ:PIXY) shares have fallen by 17% over the past five sessions after the company announced a $2.5 million registered direct offering and concurrent private placement. The closing of the offering is expected to occur on October 10. The company intends to use the net proceeds for general corporate purposes.

Portfolio Pulse from Henry Khederian

October 10, 2023 | 3:17 pm

MELI

A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $1000.0 to $1410.0 for MercadoLibre over the last 3 months. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:16 pm

NKE

A significant bullish stance on Nike (NYSE:NKE) has been observed, with a large position appearing in publicly available options history. Benzinga's options scanner spotted 15 options trades for Nike, with sentiment split between 66% bullish and 33% bearish. Whales have been targeting a price range from $70.0 to $125.0 for Nike over the last 3 months. Several financial institutions have maintained their ratings on Nike, with price targets ranging from $100 to $137.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:15 pm

FCX

A significant bullish stance has been taken on Freeport-McMoRan (NYSE:FCX) as evidenced by unusual options activity. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $34.0 to $37.0 for Freeport-McMoRan over the last 3 months. The current price of FCX is up 1.17% at $37.26. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $44.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:15 pm

AAPL

Apple Inc's stock has seen a 4% rise in October, bringing it closer to last year's high of $182. Despite recent setbacks, the stock has rallied by 6% from September's lows, accumulating an annual gain of 37%. However, investors are advised to exercise caution as the stock price is approaching a historically formidable resistance level.

Portfolio Pulse from Zaheer Anwari

October 10, 2023 | 3:12 pm

PMEC

Trading of Primech Holdings (PMEC) has been halted due to a circuit breaker.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:11 pm

UTEN

The IMF's World Economic Outlook forecasts robust growth for the US economy, with GDP in 2023 expected to surpass pre-pandemic levels. The US economic growth for 2023 is estimated at 2.1%, a 0.3 percentage point increase from previous estimates. Unemployment is expected to rise modestly from 3.6% to 3.9% by 2025. However, the IMF warns of rising government debt due to expansionary fiscal policy, with debt expected to increase from 123.3% of GDP in 2023 to 137.5% by 2028. The 10-year government bond yield is projected to average 3.8% in 2023 and increase to 4.0% in 2024. The US 10 Year Note ETF (NASDAQ:UTEN) has fallen by 9% in 2023.

Portfolio Pulse from Piero Cingari

October 10, 2023 | 3:10 pm

TFC

Truist Financial Corporation (TFC) shares are trading higher on above-average volume, despite being down nearly 2% over the last month. Last week, analysts from Raymond James and Morgan Stanley lowered their price targets on TFC. The company is expected to announce Q3 earnings of 82 cents per share and quarterly revenue of $5.68 billion on Oct. 19.

Portfolio Pulse from Erica Kollmann

October 10, 2023 | 3:08 pm

PMEC

Trading of Primech Holdings shares has resumed.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:08 pm

EIS

ISRA

ITEQ

IZRL

KTOS

LMT

MBLY

NOC

RTX

TEVA

As the conflict between Israel and Hamas continues, Israel is considering forming an emergency government. This situation has led to volatility in several sectors, including oil, gold, and defense stocks. Defense stocks such as Lockheed Martin Corporation, Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, and Kratos Defense & Security Solutions saw heavy action. Companies headquartered in Israel or with major operations in the country were mostly down, but some, like Mobileye Global Inc and Teva Pharmaceutical Industries Ltd, were recovering. ETFs that cover Israel, including iShares MSCI Israel ETF, Ark Israel Innovative Technology, VanEck Israel ETF, and the BlueStar Israel Technology ETF, were trading higher.

Portfolio Pulse from Chris Katje

October 10, 2023 | 3:04 pm