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Analyst Ratings

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The July jobs report showed a healthy U.S. labor market, with 187,000 jobs gained, a jobless rate of 3.5%, and wages increasing at a monthly pace of 0.4% and an annual rate of 4.4%. This led to a decrease in expectations for potential interest rate hikes in September. Five stocks and five ETFs saw substantial price action following the report. Stocks included Atlassian Corp., Natera Inc., Universal Display Corp., Cloudflare, Inc., and Amazon Inc. ETFs included the Consumer Discretionary Select Sector SPDR Fund, VanEck Junior Gold Miners ETF, iShares MSCI Mexico ETF, First Trust DJ Internet Index Fund, and iShares JP Morgan USD Emerging Market Bond ETF.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 3:46 pm

NVCR

Over the last quarter, NovoCure (NASDAQ:NVCR) has received a mix of bullish, somewhat bullish, and indifferent ratings from analysts. The average 12-month price target for the company is $77.0, with a high of $115.00 and a low of $33.00. This average price target has increased by 4.76% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:46 pm

U

Over the past 3 months, 21 analysts have published their opinion on Unity Software (NYSE:U) stock. The average price target is $44.48, implying an upside from the current price of $40.64. The current average has increased by 4.17% from the previous average price target of $42.70.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:45 pm

TGNA

Wells Fargo analyst Steven Cahall has maintained an Equal-Weight rating on Tegna (NYSE:TGNA) and raised the price target from $18 to $19.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:45 pm

APTV

Oppenheimer analyst Colin Rusch maintains an Outperform rating on Aptiv (NYSE:APTV) and raises the price target from $146 to $149.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 3:45 pm

KLAC

KLA's (NYSE:KLAC) short percent of float has risen 4.35% since its last report, with 2.30 million shares sold short, which is 1.68% of all regular shares available for trading. It would take traders 2.67 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KLA's peer group average for short interest as a percentage of float is 6.84%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:45 pm

AMD

Shares of Advanced Micro Devices (AMD) are trading higher following a recommendation from Morgan Stanley, which called the recent selloff after the company's earnings a buying opportunity.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:45 pm

GXO

Wells Fargo analyst Allison Poliniak Cusic has maintained an Overweight rating on GXO Logistics (NYSE:GXO) and raised the price target from $67 to $75.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:45 pm

W

RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Wayfair (NYSE:W) and raised the price target from $39 to $73.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 3:44 pm

WLK

Wells Fargo analyst Michael Sison has maintained an Overweight rating on Westlake (NYSE:WLK) and raised the price target from $139 to $150.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:44 pm