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Stock Prices

FDX

FedEx Corp (NYSE:FDX) shares climbed after reporting positive quarterly results. Despite cyclical risks, Susquehanna analyst Bascome Majors upgraded FedEx from Neutral to Positive and raised the price target from $225 to $315. Majors cited three reasons for his confidence: historical performance of FDX volumes vs. share performance, fiscal 2024 guidance that absorbs return of incentive comp and unwind of pandemic pricing, and conservative forecasts for FDX's market-share-leading LTL business Freight.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 4:19 pm

AEE

AEP

AES

Utilities stocks are trading lower due to a rise in Treasury yields, which could drive a rotation out of dividend-paying stocks.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:18 pm

SHOP

A significant bearish stance has been taken on Shopify (NYSE:SHOP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $30.0 to $80.0 for Shopify over the last 3 months. JMP Securities has downgraded its action to Market Outperform with a price target of $72.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

OXY

A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $52.5 to $95.0 for Occidental Petroleum over the last 3 months. Roth MKM has downgraded its action to Neutral with a price target of $60 while Mizuho maintains their Buy rating with a price target of $76.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

ORCL

Brian Belski announced on CNBC that he has increased his holdings in Oracle (ORCL).

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:16 pm

ADBE

A significant number of investors have taken a bearish stance on Adobe (NASDAQ:ADBE), with 70% of recent unusual options trades being bearish. The trades range from $420.0 to $560.0. Adobe's stock price is currently down 0.5% at $507.36. Analysts from BMO Capital, Evercore ISI Group, and Piper Sandler maintain an Outperform rating on Adobe, with price targets ranging from $605 to $650. RBC Capital and HSBC have downgraded their ratings to Outperform and Hold respectively, with price targets of $615 and $519.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

AWIN

EFXT

ICCM

INBS

NVTA

SDC

U.S. stocks traded mixed with the Nasdaq Composite gaining and the Dow and S&P 500 falling. The ISM manufacturing PMI increased to 49 in September, above market estimates. AERWINS Technologies, IceCure Medical, and Invitae Corporation saw their shares rise after positive company news. SmileDirectClub, Intelligent Bio Solutions, and Enerflex saw their shares drop due to negative company news. Gold and oil prices fell.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 4:05 pm

DIS

A large bearish position has been taken on Walt Disney (NYSE:DIS), as noticed by Benzinga's options scanner. The scanner spotted 14 uncommon options trades for Walt Disney, with the sentiment of these big-money traders being split between 35% bullish and 64% bearish. The whales have been targeting a price range from $70.0 to $130.0 for Walt Disney over the last 3 months. The price of DIS is currently up 0.07% at $81.11.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:01 pm

UBER

A significant amount of unusual options activity has been observed for Uber Technologies (NYSE:UBER), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The price target for Uber Technologies over the last 3 months has been between $35.0 to $60.0. Needham and RBC Capital have downgraded their actions to Buy and Outperform respectively, with price targets of $60 and $58.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:01 pm

CMG

A significant bearish stance has been observed in Chipotle Mexican Grill's (NYSE:CMG) options activity. Of the 29 unusual trades detected, 55% were bearish and 44% bullish. The total amount for puts was $682,411 and for calls was $620,708. Whales have been targeting a price range from $1650.0 to $2250.0 for Chipotle over the last 3 months. The company's stock price is currently down by 0.07% at $1830.59. Several experts have downgraded their ratings on Chipotle, with price targets ranging from $2200 to $2280.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:01 pm