Streetbeat News

Stock Prices

MSFT

Deep-pocketed investors are showing a bearish sentiment towards Microsoft (MSFT) through options trading, with 47% of trades being bearish. This unusual activity suggests potential significant market movements. Analysts maintain high target prices, indicating long-term confidence.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:46 pm

MO

Unusual options activity has been observed for Altria Group (NYSE:MO), with a significant amount of bullish sentiment among big-money traders. The options trades include 7 calls and 1 put, indicating a price range of $40.0 to $57.5. Analysts have mixed ratings, with a Buy from Stifel and an Underweight from Barclays.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:46 pm

PFE

The options market for Pfizer (NYSE:PFE) has seen significant activity, with a majority of trades being bullish. This suggests that investors anticipate potential positive developments for the company. Analysts have mixed ratings, with price targets ranging from $30 to $45.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:46 pm

BBY

Best Buy has revised its financial expectations for 2025, increasing its share repurchase plan to $500 million from the previous $350 million, while reducing its capital expenditure forecast to $750 million from $800 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:45 pm

USO

Iraq plans to reduce its oil production to 3.85M-3.9M barrels per day in September, according to a source. This decision could impact global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 2:45 pm

BF

BF/A

BF/B

Brown-Forman Inc reported a Q1 earnings miss with EPS of 41 cents, below the expected 47 cents. Net sales fell 8% to $951 million, with declines in whiskey and tequila sales. The company maintains a cautious outlook for fiscal 2025 amid global uncertainties.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 2:39 pm

AFRM

Affirm Holdings, Inc. (NASDAQ:AFRM) shares surged after the company reported strong Q4 earnings, beating analyst estimates by 72% and showing a 50% revenue growth year-over-year. The company also provided strong Q1 guidance, leading to multiple analysts raising their price targets. AFRM shares are trading significantly above their 50-day moving average.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 2:38 pm

GOOGL

Unusual options activity has been observed for Alphabet (GOOGL), with a mix of bullish and bearish sentiment. A total of 22 uncommon options trades were identified, with a significant focus on call options. The stock is currently trading at $165.32, up 1.52%, and analysts have set an average target price of $212.4.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:31 pm

MS

Morgan Stanley (NYSE:MS) has outperformed the market over the past 5 years, achieving an average annual return of 20.06%. A $1000 investment in MS 5 years ago would be worth $2,495 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:31 pm

CVS

Whales are showing a bullish stance on CVS Health, with 66% of recent options trades being bullish. The price range targeted is $50 to $62.5. CVS Health's stock is currently down by 0.8% at $56.78, with analysts setting an average price target of $62.0.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 2:31 pm