Streetbeat News

Analyst Ratings

ESS

A 'golden cross' has formed on the chart of Essex Property Trust (NYSE:ESS), which could indicate a bullish trend for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, suggesting a potential change in the long-term trend. The company's past earnings have been consistently meeting or exceeding estimates. However, seasoned investors are advised to consider other factors such as price levels and company fundamentals before making investment decisions.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:48 pm

CEG

A 'golden cross' has formed on the chart of Constellation Energy (NASDAQ:CEG), which could indicate a bullish trend for the stock. This occurs when the 50-day moving average crosses above the 200-day moving average. However, seasoned investors use this as a signal to start considering long positions based on other factors, such as price levels and company fundamentals. Constellation Energy is currently trading around $91.95.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:48 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $45.0 to $90.0 for Charles Schwab over the last 3 months. The price of SCHW is currently down -1.13% at $57.07. Piper Sandler and Wolfe Research maintain positive ratings on Charles Schwab, while Morgan Stanley downgraded its action to Equal-Weight.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:47 pm

AAPL

A large investor has taken a bullish stance on Apple (NASDAQ:AAPL), with 27 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 59% bullish and 40% bearish. The whales have been targeting a price range from $135.0 to $250.0 for Apple over the last 3 months. The price of AAPL is down -0.07% at $192.33. Several experts have downgraded their ratings on Apple, with price targets ranging from $175 to $240.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:47 pm

ALLR

DWAC

NKLA

NVTS

PEGA

RIG

TMC

TRIN

TTI

WOLF

XPEV

Several US stocks recorded gains in Wednesday's trading session. Allarity Therapeutics' shares surged after positive initial data from a Phase 2 trial. TMC the metals company regained compliance with Nasdaq's minimum bid requirement. Pegasystems rose following an upgrade from Wedbush. Wolfspeed announced a 10-year silicon carbide wafer supply deal with Renesas Electronics. Digital World Acquisition reached a settlement with the SEC. Xpeng expects sharp growth in deliveries in H2. Trinity Capital received a Buy rating from Jefferies. Navitas confirmed continued supply of leading-edge gallium nitride power ICs. TETRA Technologies raised Q2 expectations due to strong operational performance. Transocean was upgraded by Citigroup and announced that $172 million in options have been exercised for the Transocean Encourage in Norway. Nikola plans to liquidate the assets of Romeo Power.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 2:47 pm

DHI

Citigroup analyst Anthony Pettinari has maintained a 'Buy' rating on D.R. Horton (NYSE:DHI) and raised the price target from $124 to $140.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 2:47 pm

PHM

Citigroup analyst Anthony Pettinari has maintained a 'Buy' rating on PulteGroup (NYSE:PHM) and raised the price target from $75 to $90.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 2:45 pm

BEPC

CWEN

ENIC

GNE

PAM

Benzinga Insights has identified five value stocks in the utilities sector that may be worth watching: Brookfield Renewable (BEPC), Clearway Energy (CWEN), Enel Chile (ENIC), Genie Energy (GNE), and Pampa Energia (PAM). The selection is based on the price-to-earnings (P/E) multiple, a common indicator of undervalued stocks. The report also includes recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:42 pm

NTAP

Evercore ISI Group analyst Amit Daryanani maintains an In-Line rating on NetApp (NASDAQ:NTAP) and raises the price target from $72 to $80.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 2:41 pm

SNX

Loop Capital analyst Ananda Baruah maintains a 'Buy' rating on TD Synnex (SNX) but lowers the price target from $150 to $120.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 2:39 pm