Streetbeat News

Stock Prices

CMCSA

Wealthy investors are taking a bearish stance on Comcast (NASDAQ:CMCSA), as indicated by recent options trading activity. Benzinga's options scanner detected 8 trades, with a sentiment split of 0% bullish and 100% bearish. The trading volume for CMCSA is 3,605,206, with the stock price down by 0.78% at $41.45. The RSI indicators suggest the stock may be approaching overbought territory, and an earnings announcement is expected in 30 days.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 3:46 pm

KLAC

Investors have taken a bearish position in KLA (NASDAQ:KLAC) as indicated by unusual options activity. The sentiment is mixed, with 55% bearish and 44% bullish. The stock is currently down 3.02% at $751.0, with a consensus target price of $835.0. Analysts have mixed ratings, with target prices ranging from $750 to $925.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 3:46 pm

LMT

Lockheed Martin shares are trading higher due to increased geopolitical tensions in the Middle East, specifically related to potential conflict involving Iran and Israel. The U.S. is increasing its military presence in the region, which benefits defense companies like Lockheed Martin. Additionally, Lockheed Martin is set to release its Q3 2024 earnings on October 23, with expected EPS of $6.46 and revenue of $17.402 billion.

Portfolio Pulse from Vaishali Prayag

October 01, 2024 | 3:44 pm

NKE

Nike Inc (NYSE:NKE) is set to report its fiscal first-quarter earnings after the market close on Tuesday. Analysts expect earnings of 52 cents per share and revenue of $11.646 billion. Previously, Nike reported mixed results, leading to a stock dip. However, the stock rebounded after Bill Ackman's Pershing Square took a stake and a CEO transition was announced. Analysts have mixed ratings on Nike, with price targets ranging from $80 to $104.

Portfolio Pulse from Adam Eckert

October 01, 2024 | 3:42 pm

BMY

IGMS

IGM Biosciences (NASDAQ:IGMS) is shifting its focus from cancer to autoimmune diseases, appointing a new CEO, and reducing oncology spending. The company aims to extend its cash runway into 2027.

Portfolio Pulse from Vandana Singh

October 01, 2024 | 3:40 pm

SPY

Federal Reserve's Cook suggests that artificial intelligence (AI) will likely have a disinflationary effect in the long run. However, in the short term, its impact on inflation is expected to be mixed.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:39 pm

MSTR

MicroStrategy's stock is trading lower due to a decline in Bitcoin and broader market instability linked to Middle East tensions. The company holds a significant amount of Bitcoin, influencing its stock price. Despite the drop, analysts have a positive outlook on MicroStrategy's stock, with recent updates to its AI/BI platform potentially boosting its value.

Portfolio Pulse from Erica Kollmann

October 01, 2024 | 3:37 pm

SPY

Federal Reserve's Cook stated that while inflation is not yet at the target level, it has decreased significantly. This suggests a potential easing in monetary policy, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:37 pm

FLNC

Fluence Energy's stock is experiencing a decline following a downgrade by Citigroup from Buy to Neutral, with a reduced price target from $32 to $24.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:35 pm

AFL

Aflac (NYSE:AFL) has outperformed the market over the past 10 years with an average annual return of 14.63%, resulting in a $100 investment growing to $386.96. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 3:31 pm