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Zoom shares experience a pullback as Apple discusses video conferencing at its Worldwide Developers Conference (WWDC).

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 5:52 pm

DBRG

Keefe, Bruyette & Woods analyst Jade J. Rahmani upgraded DigitalBridge Group Inc (NYSE:DBRG) to Outperform from Market Perform with an increased price target of $17.5 from $12.5. The upgrade reflects potential growth in digital infrastructure demand and strong acquisitions. Rahmani projects FEEUM growth of 22% Y/Y in 2023 and 24% in 2024.

Portfolio Pulse from Lekha Gupta

June 05, 2023 | 5:47 pm

MCD

A whale has taken a bearish stance on McDonald's (NYSE:MCD) with 57% of detected unusual options trades being bearish. The total trade amount for puts is $263,855, while calls amount to $1,089,955. Whales have been targeting a price range of $140 to $315 for McDonald's over the last 3 months. TD Cowen maintains an Outperform rating with a price target of $326.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:47 pm

FORR

Barrington Research analyst Vincent A.Colicchio has assigned an Outperform rating on Forrester Research Inc (NASDAQ:FORR) with a price target of $32. The company introduced Forrester Decisions, a new subscription-based research product bundle in August 2021, which is expected to replace all legacy research subscription contracts by the end of 2024. However, research subscription bookings slowed in Q1/23 due to economic headwinds, client losses, and longer sales cycles for Forrester Decisions.

Portfolio Pulse from Shivani Kumaresan

June 05, 2023 | 5:44 pm

PRTG

Portage Biotech Inc. (NASDAQ:PRTG) shares are up after reporting updated interim data from the Phase 1 trial of its lead iNKT cell engager, PORT-2 (IMM60), at the 2023 ASCO Annual Meeting. The data showed early evidence of single agent activity with a reduction of several target lesions. Portage plans to expand the Phase 1 trial after encouraging safety and tolerability data.

Portfolio Pulse from Ryan Gustafson

June 05, 2023 | 5:42 pm

BHG

CIA

EHTH

FANH

HALL

HUIZ

KFS

OXBR

SLQT

SPNT

WDH

Insurance stocks experienced significant movement during Monday's intraday session, with Citizens, SelectQuote, eHealth, Kingsway Financial Servs, F&G Annuities & Life, and Bright Health Gr among the gainers, while Huize Holding, Waterdrop, SiriusPoint, Hallmark Financial Servs, Fanhua, and Oxbridge Re Holdings were the losers.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:40 pm

BAC

CFG

CMA

COIN

SOFI

UPST

USB

Benzinga reports whale activity in the financial sector, with options activity in BAC, COIN, SOFI, MS, CFG, CMA, UPST, USB, BX, and C. Traders can use this information to discover potential big trading opportunities.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:35 pm

ABNB

CCL

DASH

DKS

EXPE

MBLY

MCD

RIVN

SBUX

Benzinga's options activity scanner has detected whale activity in 10 consumer discretionary stocks, including SBUX, EXPE, MBLY, DKS, ABNB, LI, RIVN, DASH, CCL, and MCD. The scanner tracks large transactions and helps traders discover potential trading opportunities.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:35 pm

AAPL

AMD

AVGO

CFLT

HCP

MSFT

NVDA

PANW

PLTR

SNOW

Benzinga's options activity scanner has detected whale activity in the Information Technology sector, with notable options trades in AAPL, NVDA, MSFT, AMD, AVGO, PANW, CFLT, PLTR, SNOW, and HCP.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:35 pm

AEHL

ANGH

ASST

GCI

GETY

KBNT

MOBQ

NCMI

SLGG

Communication services stocks experienced significant price movements during Monday's intraday session. Getty Images Holdings, National CineMedia, and Asset Entities were among the gainers, while Gannett Co, Super League Gaming, Kubient, Antelope Ent Hldgs, Mobiquity Technologies, and Anghami were among the losers.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:32 pm