Streetbeat News

Analyst Ratings

RES

Citigroup analyst Scott Gruber maintains a 'Sell' rating on RPC (NYSE:RES) and raises the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:16 pm

RRC

Citigroup analyst Paul Diamond has maintained a Neutral rating on Range Resources (NYSE:RRC) and raised the price target from $31 to $36.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:14 pm

SHW

Citigroup analyst Patrick Cunningham maintains a Buy rating on Sherwin-Williams (NYSE:SHW) but lowers the price target from $310 to $280.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:10 pm

TMO

Citigroup analyst Patrick Donnelly has maintained a 'Buy' rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $625 to $530.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:07 pm

AMD

INTC

Analyst Ming-Chi Kuo suggests that the earnings reports of Intel and AMD will likely have a significant impact on the trading of AI supply chain stocks. He argues that if the positive earnings report and Capex outlook from Microsoft couldn't boost trading sentiment for AI supply chain stocks, it's unrealistic to expect earnings reports from other CSPs to do so. Many of the AI supply chain stocks that have seen gains this year are part of Nvidia's AI server supply chain, which overlaps with the PC/notebook supply chain.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 3:06 pm

FDX

A significant bearish stance has been taken on FedEx (NYSE:FDX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 18% bullish and 81% bearish. The whales have been targeting a price range from $200.0 to $270.0 for FedEx over the last 3 months. Currently, the price of FDX is down -3.66% at $226.6. HSBC has downgraded its action to Buy with a price target of $330, while Susquehanna upgraded its action to Positive with a price target of $315.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:02 pm

IBM

IBM's Q3 financial results exceeded expectations, with revenues of $14.8 billion and EPS of $2.20, against estimates of $14.73 billion and $2.13 respectively. Software revenue increased by 8% YoY and consulting revenue by 6%, while infrastructure revenue decreased by 2%. The company ended the quarter with $11 billion in cash and marketable securities. IBM reiterated its full-year 2023 revenue growth forecast of 3% to 5% and a free cash flow of approximately $10.5 billion. Analysts from Wedbush and BMO Capital maintained their ratings but BMO Capital raised the price target from $152 to $155.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 2:59 pm

AAPL

AMZN

META

MSFT

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, AMZN, and TSLA. The memo provides price levels for these assets based on a proprietary formula that takes into account price, volume, and options flow. The memo recommends monitoring these stocks for potential breakouts or reversals. The memo also mentions Amazon's post-bell earnings report and the jobless claims and PCE data.

Portfolio Pulse from RIPS

October 26, 2023 | 2:57 pm

MSFT

Microsoft Corp's shares are trading lower by 2.1% following better-than-expected Q1 EPS and sales results. The weakness may be due to overall tech sector weakness after Meta Platforms Inc reported Q3 financial results and issued guidance. Microsoft competes with Meta in the digital advertising space, and any signs of Meta's struggles or challenges can be interpreted as a competitive advantage for Microsoft, but also as a sign of overall market weakness.

Portfolio Pulse from Henry Khederian

October 26, 2023 | 2:54 pm

CSGP

BMO Capital analyst Jeffrey Silber has maintained a 'Market Perform' rating on CoStar Gr (NASDAQ:CSGP) but lowered the price target from $80 to $74.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 2:53 pm