Apple (AAPL) – A call on a near-term top in the stock. Options expert and Benzinga maven, Nic Chahine, in his chatroom on Benzinga Pro, told members of his community he put on a short position in Apple via options. Nic said he needs Apple to be at or under the $185 level by the end of September.
Disney (DIS) – A Wall Street Journal article Friday morning highlighted news from earlier this week that famed hedge fund manager and activist, Third Point’s Dan Loeb, could be pushing for Disney to spin off its all-important ESPN unit.
NIKE (NKE) – A sympathy play following strong quarterly results out of Foot Locker (FL). Shares of Foot Locker were up more than 20% in pre-market action Friday.
Roblox (RBLX) – A play on the metaverse. A report early Friday morning suggested Roblox poached a seasoned exec from Meta Platform’s (META) Facebook, Steve Park, former head of the company’s government relations in South Korea and Japan.
GigaCloud Technology (GCT) – A play on an initial public offering (IPO) from Thursday. A provider of business-to-business (B2B) ecommerce solutions for large parcel merchandise, the company’s shares closed Thursday’s session at $15.69 after opening at $12.25 per share. The stock was up more than 60% Friday morning to around the $25 level.