Streetbeat News

Analyst Ratings

BX

Blackstone's stock is trading higher following Wells Fargo's decision to maintain an Overweight rating on the stock and increase its price target from $101 to $104.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:54 pm

WMT

Walmart's (NYSE:WMT) short percent of float has risen 11.76% since its last report, with 16.19 million shares sold short, which is 1.14% of all regular shares available for trading. It would take traders 2.69 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Walmart's peer group average for short interest as a percentage of float is 2.90%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:45 pm

ITUB

Itau Unibanco Holding's (NYSE:ITUB) short percent of float has risen 8.0% since its last report, with 26.01 million shares sold short, which is 0.54% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Itau Unibanco Holding has less short interest as a percentage of float (0.99%).

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:45 pm

CDW

CDW's short percent of float has fallen 12.5% since its last report, with 1.32 million shares sold short, which is 1.12% of all regular shares available for trading. It would take traders 1.62 days to cover their short positions on average. CDW's peer group average for short interest as a percentage of float is 3.63%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:45 pm

Z

Zillow Group, Inc. (NASDAQ:Z) shares are trading higher after receiving an analyst upgrade from Piper Sandler from Neutral to Overweight and a price target increase from $42 to $62. The company also announced the release of its Q2 2023 financial results on Aug. 2. The stock experienced above-average trading volume of 5.35 million shares on Tuesday.

Portfolio Pulse from Ryan Gustafson

July 11, 2023 | 5:39 pm

DIS

A significant investor has taken a bearish stance on Walt Disney (NYSE:DIS), with 59% of the spotted trades being bearish. The whales have been targeting a price range from $50.0 to $150.0 for Walt Disney over the last 3 months. The price of DIS is up 1.5% at $89.42, and RSI indicators suggest that the stock may be approaching oversold. The next earnings are expected to be released in 29 days.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:34 pm

DDOG

A significant number of investors have taken a bearish stance on Datadog (NASDAQ:DDOG), with 59% of detected trades showing bearish expectations. However, the price of DDOG is up 4.36% at $105.88. Whales have been targeting a price range from $70.0 to $130.0 for Datadog over the last 3 months. The next earnings are expected to be released in 23 days.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:34 pm

DE

A significant bullish stance on Deere (NYSE:DE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $320.0 to $440.0 for Deere over the last 3 months. Canaccord Genuity has downgraded its action to Buy with a price target of $530.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:34 pm

CNTMF

GDNSF

GRUSF

PLNHF

The article discusses the credit quality and valuation of eight public U.S. cannabis companies with market caps over $20M and coverage from fewer than two sell-side analysts. Planet 13 (OTC:PLNHF), Grown Rogue (OTC:GRUSF), C21 Investments, and Cansortium (OTC:CNTMF) are identified as investable and well-priced. However, the companies on the right of the graph, including Goodness Growth (OTC:GDNSF), have negative cash flow from operations, high debt/mkt cap, and challenged profitability.

Portfolio Pulse from Viridian Capital Advisors

July 11, 2023 | 5:18 pm

NWG

NatWest Group's (NYSE:NWG) short percent of float has risen 12.5% since its last report, with 3.98 million shares sold short, which is 0.09% of all regular shares available for trading. It would take traders 3.44 days to cover their short positions on average. The company's short interest is less than its peer group average of 1.02%.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:15 pm