Streetbeat News

Analyst Ratings

HD

Home Depot's (NYSE:HD) short percent of float has fallen 7.37% since its last report, with 8.85 million shares sold short, which is 0.88% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Home Depot has less short interest, with an average of 17.24% for its peer group.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:30 pm

SCHW

Charles Schwab's (NYSE:SCHW) short percent of float has risen 6.75% since its last report, with 28.85 million shares sold short, which is 1.74% of all regular shares available for trading. It would take traders 2.04 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Charles Schwab's peer group average for short interest as a percentage of float is 3.76%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:30 pm

AAPL

AMZN

GOOG

NVDA

QQQ

SPY

The future of the stock market is expected to be influenced by Nvidia's earnings and Powell’s speech at Jackson Hole. Nvidia's earnings are expected to be released on Wednesday, and Powell will be speaking on Friday. The demand for AI chips from Nvidia is exceeding supply, and Nvidia's current quarter sales are guided to $11B, but whisper numbers are around $12B. Money flows are positive in Apple, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla, but negative in Alphabet. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Interest rate cuts in China were less than expected, causing a sell off in Shanghai and Hong Kong.

Portfolio Pulse from The Arora Report

August 21, 2023 | 2:28 pm

AMAT

Shares of Applied Materials (AMAT) are trading higher following multiple analysts raising their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 2:20 pm

LLY

A significant bearish stance has been taken on Eli Lilly (LLY) by a large investor, as observed in the options history. The overall sentiment of big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $250 to $600 for Eli Lilly over the last 3 months. The price of LLY is up 1.02% at $552.0. Jefferies, Wells Fargo, Truist Securities, and Barclays have a positive outlook on LLY, while Goldman Sachs maintains a neutral rating.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:16 pm

PYPL

A significant bullish stance has been taken on PayPal Holdings (NASDAQ:PYPL) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The price target for PayPal Holdings over the last 3 months has been between $60.0 to $100.0. Analysts have mixed opinions, with Credit Suisse and Evercore ISI Group downgrading their ratings, while BTIG, Morgan Stanley, and Canaccord Genuity maintain their positive ratings.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:16 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as evidenced by unusual options activity. The sentiment among big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $125.0 to $200.0 for Snowflake over the last 3 months. Barclays, Citigroup, and Mizuho maintain a Buy rating on Snowflake with price targets of $190, $191, and $180 respectively, while Guggenheim downgraded its action to Sell with a price target of $105.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 2:16 pm

DIS

Truist Securities analyst Matthew Thornton has reiterated a 'Buy' rating on Walt Disney (NYSE:DIS) and maintained a price target of $105.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 2:14 pm

PSTL

Truist Securities analyst Ki Bin Kim has reiterated a 'Hold' rating on Postal Realty Trust (NYSE:PSTL) and maintained a price target of $16.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 2:13 pm

EL

Estee Lauder's stock price is trading lower after several analysts reduced their price targets following the company's Q4 results.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 2:13 pm