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BX

A significant bearish stance has been observed in Blackstone's (NYSE:BX) options activity. Of the 17 unusual trades detected, 58% were bearish and 41% bullish. The total amount for puts was $741,731 and for calls was $434,818. Whales have been targeting a price range from $40.0 to $110.0 for Blackstone over the last 3 months. The price of BX is currently down -0.6% at $104.5. HSBC has downgraded its action to Hold with a price target of $113.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:45 pm

INTU

A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor, as observed from publicly available options history. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $450.0 to $680.0 for Intuit over the last 3 months. The price of INTU is currently down -0.9% at $528.49. Several experts have maintained their positive ratings on Intuit with price targets ranging from $575 to $660.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:45 pm

FBYD

KBNT

NWLI

PEV

PRZO

SFT

US stocks traded higher with the Dow Jones gaining around 200 points. Energy shares rose by 3.5% while consumer staples shares fell by around 0.5%. ParaZero Technologies, Phoenix Motor, and National Western Life Group saw their shares rise significantly after positive news. Shift Technologies, Kubient, and Falcon's Beyond Global saw their shares drop due to negative developments. Oil traded up 4.4% to $86.40.

Portfolio Pulse from Lisa Levin

October 09, 2023 | 6:44 pm

XOM

Exxon Mobil Corp (NYSE:XOM) shares are trading higher by 3.46% due to the Israel-Hamas conflict which is causing oil supply uncertainty. The conflict can disrupt the flow of oil in the Middle East, a major oil-producing region, leading to concerns about oil availability. Exxon Mobil, as an energy company, benefits from rising oil prices and supply disruptions as it can sell its oil and gas products at higher prices.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 6:42 pm

ONON

Baird analyst Jonathan R. Komp upgraded On Holding AG (NYSE:ONON) to Outperform from Neutral and maintained a price target of $33. The company expects to double its 2023-2026 net sales to at least CHF 3.55 billion by 2026, reflecting a CAGR of over 26%. The analyst raised estimates for FY24 and FY25 adjusted EBITDA by 1% and 6%, respectively, assuming higher margin improvement. ONON's shares are trading higher by 2.27% at $25.68.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 6:38 pm

EIS

SPY

USO

Hezbollah has reportedly fired on North Israel, according to Reuters citing two security sources. The news may have implications for the iShares MSCI Israel ETF (EIS), SPDR S&P 500 ETF Trust (SPY), and United States Oil Fund LP (USO).

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 6:34 pm

MDB

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 31.56% on an annualized basis, producing an average annual return of 40.94%. If an investor had bought $100 of MDB stock 5 years ago, it would be worth $570.22 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:30 pm

WM

Waste Management's (NYSE:WM) short percent of float has fallen 8.18% since its last report, with 4.09 million shares sold short, which is 1.01% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Waste Management has less short interest as a percentage of float, with an average of 2.72%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:30 pm

SYY

Sysco's (NYSE:SYY) short percent of float has fallen 14.81% since its last report, with 6.98 million shares sold short, which is 1.38% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Sysco. Compared to its peers, Sysco has less short interest as a percentage of float, with an average of 3.75%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:30 pm

KDP

Keurig Dr Pepper's (NYSE:KDP) short percent of float has fallen 10.85% since its last report, with 10.90 million shares sold short, which is 1.15% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Keurig Dr Pepper has less short interest.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:30 pm