Streetbeat News

Analyst Ratings

CMG

Analysts have given Chipotle Mexican Grill (NYSE:CMG) mostly bullish ratings in the last quarter, with an average price target of $2244.04, indicating potential upside from the current price of $1945.1. The average price target has increased by 4.11% over the past month.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

PSX

Unusual options activity has been observed for Phillips 66 (NYSE:PSX), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for Phillips 66 over the last 3 months is from $105.0 to $150.0. The current price of PSX is up 2.93% at $122.23. Analysts from Goldman Sachs, Wells Fargo, Mizuho, and Argus Research have maintained their ratings on Phillips 66, with price targets ranging from $127 to $144.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:45 pm

DIS

A report has detailed a rift between Bob Iger and former Disney CEO Bob Chapek, including a disagreement over office space. Iger, who returned to the CEO role in November 2022, has admitted that picking Chapek as his successor was a mistake. Under Iger's leadership, Disney saw strong stock performance and completed acquisitions of Marvel, Pixar, and Lucasfilm. However, Chapek's tenure was marked by disappointing returns and controversies. With Chapek out of the picture, Iger is now in full control of the company. Disney shares have hit 10-year lows and there are speculations about potential sell-offs of non-core business segments or a possible acquisition by a larger company like Apple.

Portfolio Pulse from Chris Katje

September 08, 2023 | 8:40 pm

TAK

Takeda Pharmaceutical's (NYSE:TAK) short percent of float has fallen 4.35% since its last report, with 6.88 million shares sold short, which is 0.22% of all regular shares available for trading. It would take traders 2.5 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.55%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:30 pm

HUBS

HubSpot's (NYSE:HUBS) short percent of float has risen 10.71% since its last report, with 1.04 million shares sold short, which is 2.17% of all regular shares available for trading. It would take traders 1.39 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, HubSpot's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:30 pm

BDX

Becton Dickinson's (NYSE:BDX) short percent of float has risen 14.14% since its last report, with 3.27 million shares sold short, which is 1.13% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Becton Dickinson has less short interest.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:30 pm

AAPL

MPC

NVDA

QCOM

VLO

The week saw a surge in oil prices due to production cuts by Saudi Arabia and Russia, causing concerns about inflation and higher interest rates. The US economy showed resilience with strong service sector expansion. The US Dollar and Treasury yields rose as investors revised their forecasts regarding the Federal Reserve’s interest rate stance. Tensions escalated in the auto sector with potential strike involving 146,000 members. SEC investigates GameStop CEO for his stock trades. Apple's market value plummeted by nearly $200 billion over two days due to China's intention to forbid public workers from using iPhones. US semiconductor stocks weakened amid concerns over new export restrictions on China. The energy sector excelled, with Marathon Petroleum Corp and Valero Energy among the top-performing S&P 500 stocks for the week.

Portfolio Pulse from Piero Cingari

September 08, 2023 | 8:15 pm

MMC

Marsh & McLennan's (NYSE:MMC) short percent of float has risen 25.0% since its last report, with 2.74 million shares sold short, which is 0.55% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Marsh & McLennan's short interest as a percentage of float is less, with an average of 3.14%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:15 pm

URI

United Rentals's (NYSE:URI) short percent of float has risen 7.5% since its last report, with 2.57 million shares sold short, which is 4.3% of all regular shares available for trading. It would take traders 3.11 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.57%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:15 pm

CDW

CDW's short percent of float has fallen 10.0% since its last report, with 1.59 million shares sold short, which is 1.35% of all regular shares available for trading. It would take traders 2.05 days to cover their short positions on average. CDW's peer group average for short interest as a percentage of float is 3.16%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:15 pm