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Billionaire investor Leon Cooperman predicts that the S&P 500 will not surpass its current record of about 4,800 points for some time due to overpriced stocks. He also anticipates a downturn in the housing market due to the affordability crisis. Cooperman attributes these issues to years of near-zero interest rates and rampant government spending. He also noted that a bear market has already affected most stocks, with only a few Big Tech companies like Tesla, Nvidia, and Microsoft driving major indexes higher.

Portfolio Pulse from Benzinga Neuro

October 21, 2023 | 1:09 am

SLG

Over the last quarter, SL Green Realty (NYSE:SLG) has received various analyst ratings, with 1 bullish, 2 somewhat bullish, 4 indifferent, and 2 bearish. The average price target for SLG is $35.33, which is higher than its current price of $31.75. This average has increased by 6.26% from the previous average price target of $33.25.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:00 pm

GPN

Over the past 3 months, 22 analysts have published their opinion on Global Payments (NYSE:GPN) stock. The average price target for GPN is $143.91, with a high of $211.00 and a low of $105.00. The average price target has increased by 5.35% over the past month.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:00 pm

ASB

Over the past 3 months, 4 analysts have published their opinion on Associated Banc (NYSE:ASB) stock. The company has an average price target of $20.25 with a high of $24.00 and a low of $18.00. This average price target has increased by 5.91% over the past month.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:00 pm

LLY

Eli Lilly (NYSE:LLY) has received 23 analyst ratings in the last quarter, with 5 being bullish, 16 somewhat bullish, and 2 indifferent. The average 12-month price target for the company is $598.61, an increase of 16.98% from the previous average of $511.71.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:00 pm

UNP

Over the past 3 months, 27 analysts have published their opinion on Union Pacific (NYSE:UNP) stock. The company has an average price target of $251.78 with a high of $285.00 and a low of $182.00. This average price target has increased by 9.9% over the past month.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 9:00 pm

TSLA

Tesla Inc's (NASDAQ:TSLA) Q3 financial results fell below analysts' estimates, leading to a drop in share prices. Despite potential future catalysts, Gene Munster, co-founder and Managing Partner at Deepwater Asset Manager, predicts a challenging year ahead for Tesla due to prolonged margin pressure and a dampened demand outlook. The company's gross margins were significantly lower than expected, and the potential for margin improvement over the next year was dismissed. However, Tesla's Cybertruck, set to begin deliveries in November, and the company's advantage in building an electric-focused car company from the ground up, are seen as positive factors.

Portfolio Pulse from Chris Katje

October 20, 2023 | 8:36 pm

AMZN

NFLX

Netflix Inc (NASDAQ:NFLX) has seen significant growth since its IPO in 2002, with a $1,000 investment then being worth $377,908.86 today. The company's Q3 report showed revenue and earnings per share surpassing analyst predictions, driving the share price upwards. Netflix ended Q3 with 247.15 million paid global subscribers, adding 8.8 million in the quarter. The company remains a market leader in the streaming sector and continues to gain subscribers.

Portfolio Pulse from Chris Katje

October 20, 2023 | 8:29 pm

TFC

Truist Finl's (NYSE:TFC) short percent of float has fallen 14.04% since its last report, with 12.98 million shares sold short, which is 0.98% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Truist Finl has less short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 8:15 pm

GDX

GLD

NFLX

QQQ

SPY

TSLA

The market experienced volatility due to the escalating conflict between Israel and Hamas, remarks from Federal Reserve Chair Jerome Powell, and mixed earning reports from leading U.S. corporations. Rising bond yields pressured major stock indices, with SPY and QQQ down for the week. Tesla reported lower-than-expected Q3 results, causing its stock to decline. Netflix surpassed expectations with its Q3 report, resulting in double-digit gains for the week. Gold and gold mining stocks have performed well due to the conflict in Israel.

Portfolio Pulse from Piero Cingari

October 20, 2023 | 8:08 pm