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Assets

NEX

NexTier Oilfield Solutions expects the U.S. land rig count to bottom out this summer, according to a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 4:03 pm

CMG

Unusual options activity has been observed for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 32% bullish and 67% bearish. The price range targeted by these investors over the last 3 months is from $1600.0 to $2350.0. Analysts from B of A Securities, Morgan Stanley, TD Cowen, Truist Securities, and Wedbush have provided their ratings and price targets for CMG.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) with 72% of big-money traders being bullish and 27% bearish. The price target for UnitedHealth Group over the last 3 months has been between $440.0 to $550.0. The current price of UNH is up 0.73% at $514.66. Analysts from Mizuho, Deutsche Bank, Truist Securities, UBS, and JP Morgan have maintained their ratings on UnitedHealth Group with price targets ranging from $520 to $580.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:02 pm

XYL

Over the past 10 years, Xylem (NYSE:XYL) has outperformed the market by 5.66% on an annualized basis, producing an average annual return of 16.09%. If an investor had bought $100 of XYL stock 10 years ago, it would be worth $399.12 today. Xylem currently has a market capitalization of $27.19 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:00 pm

ADBE

Adobe (NASDAQ:ADBE) has outperformed the market over the past 20 years, producing an average annual return of 18.75%. If an investor had bought $100 of ADBE stock 20 years ago, it would be worth $3,158.34 today. Adobe currently has a market capitalization of $234.61 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 4:00 pm

ABVC

ABVC BioPharma, Inc. (NASDAQ:ABVC) has announced a partnership with Zhonghui United Technology Group to advance the development of a health and wellness base in China. The partnership involves the planned acquisition of real estate assets valued at $7.4 million. ABVC will transfer common shares to Zhonghui at $20 per share, granting ABVC 20% ownership of Zhonghui's property near Chengdu, China, valued at $37 million. ABVC shares are trading 48.4% higher at $5.64.

Portfolio Pulse from Erica Kollmann

July 26, 2023 | 3:53 pm

BANC

PACW

PacWest Bancorp (PACW) and Banc Of California (BANC) have entered into a definitive agreement to merge in an all-stock transaction. Analysts have mixed views on the merger, with some seeing it as fair but not overwhelmingly attractive, while others believe it will create a stronger combined company. The merger is expected to close in early 2024.

Portfolio Pulse from Adam Eckert

July 26, 2023 | 3:44 pm

STM

STMicroelectronics (NYSE:STM) has outperformed the market over the past 10 years by 9.18% on an annualized basis, producing an average annual return of 19.6%. If an investor had bought $1000 of STM stock 10 years ago, it would be worth $6,102.63 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:30 pm

ALGN

Align Tech (NASDAQ:ALGN) has outperformed the market over the past 20 years, producing an average annual return of 18.17%. If an investor had bought $1000 of ALGN stock 20 years ago, it would be worth $26,772.47 today. The company currently has a market capitalization of $25.52 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:30 pm

DAL

A significant amount of unusual options activity has been detected for Delta Air Lines (NYSE:DAL), with a notably bearish stance. 80% of the investors opened trades with bearish expectations and 20% with bullish. Whales have been targeting a price range from $35.0 to $50.0 for Delta Air Lines over the last 3 months. The price of DAL is down -0.97% at $45.99. Several financial institutions have maintained their positive ratings on Delta Air Lines, with price targets ranging from $50 to $70.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:16 pm