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UUP

Momentum (momo) gurus predict the end of the dollar bull run, which could impact the stock market. The Invesco DB US Dollar Index Bullish Fund (UUP) chart shows a recent drop in the dollar. A weaker dollar could increase the cost of imports and impact inflation in the U.S. The biggest beneficiary of a weaker dollar is emerging markets. Economic data from China has slightly tempered enthusiasm for stocks. The 'magnificent seven' stocks (AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA) have mixed money flows.

Portfolio Pulse from The Arora Report

July 17, 2023 | 3:21 pm

THTX

JonesTrading analyst Justin Walsh maintains a 'Buy' rating on Theratechnologies (NASDAQ:THTX) but has lowered the price target from $6 to $3.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:19 pm

KDP

PEP

Morgan Stanley analyst Dara Mohsenian has downgraded PepsiCo's rating to Equal-weight from Overweight, with a price target of $210, following the company's Q2 performance. Despite reporting a 10.4% YoY sales growth and raising its FY23 organic revenue growth outlook to 10%, Mohsenian believes that PepsiCo's valuation is now priced in for these positives, limiting the stock's upside. PepsiCo's relative valuation is now near a modern-day record high compared to its peers Coca-Cola and Keurig Dr. Pepper.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 3:16 pm

CURLF

ITHUF

iAnthus Capital Holdings, Inc. has appointed Richard Proud as CEO and director. Proud was previously the executive vice president of revenue for Curaleaf, a multi-state cannabis operator. The appointment is effective immediately, concluding Robert Galvin's tenure as interim CEO. Galvin will continue as the company's interim COO. Proud's control of the company's Massachusetts subsidiaries is subject to the approval of the Massachusetts Cannabis Control Commission.

Portfolio Pulse from Vuk Zdinjak

July 17, 2023 | 3:11 pm

SNA

Roth MKM analyst Scott Stember maintains a 'Buy' rating on Snap-on (NYSE:SNA) and raises the price target from $298 to $324.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:11 pm

TWLO

Piper Sandler analyst James Fish has downgraded Twilio Inc (NYSE:TWLO) stock rating from Overweight to Neutral and raised the price target from $56 to $71. The downgrade comes despite shares being up ~40% since Q1 due to bullish conference commentary, broader market moves, and potential activism. Fish cites macro-environment uncertainty, recent divestitures, and high sales estimates as reasons for the downgrade. He also sees limited upside for Twilio in the CPaaS space and believes the company needs to use its ~$3.5 billion net cash for further Software M&A.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 3:07 pm

YUM

Morgan Stanley analyst John Glass has reiterated an Overweight rating on Yum Brands (NYSE:YUM) and maintained a price target of $155.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:03 pm

PBR

Benzinga's options scanner detected over 20 options trades for Petrobras Brasileiro (NYSE:PBR) summing a total amount of $800,770. Whales have been targeting a price range from $10.0 to $20.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is down -1.47% at $13.33. Goldman Sachs upgraded its action to Buy with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:02 pm

WING

Morgan Stanley analyst Brian Harbour has maintained an Equal-Weight rating on Wingstop (NASDAQ:WING) and raised the price target from $183 to $187.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:02 pm

LBRT

Analysts have provided various ratings for Liberty Energy (NYSE:LBRT) within the last quarter, with 1 bullish, 3 somewhat bullish, and 3 indifferent. The average 12-month price target for Liberty Energy is $20.14, a decrease of 6.63% from the previous average price target of $21.57.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:02 pm