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Equity Actions

META

Meta Platforms Inc. has reduced its capital expenditure (Capex) guidance for 2023 from the range of $30 billion-$33 billion to $27 billion-$30 billion.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 8:07 pm

CVS

A significant investor has taken a bearish stance on CVS Health (NYSE:CVS), with 54% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $70.0 to $77.5 for CVS Health over the last 3 months. The price of CVS is currently down -0.25% at $75.47. Mizuho, JP Morgan, and Barclays have maintained their Buy and Overweight ratings on CVS Health, with price targets of $88, $106, and $89 respectively.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:01 pm

WEC

WEC Energy Group Inc. (NYSE:WEC) shares are trading at $92.31, after a 0.29% increase. Over the past month, the stock spiked by 5.56%, but decreased by 10.36% in the past year. The company's P/E ratio is lower than the aggregate P/E of 51.26 of the Multi-Utilities industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:45 pm

COPJ

ERO

HBM

IE

The Sprott Junior Copper Miners ETF (NASDAQ:COPJ) is the only pure-play ETF focusing on small copper miners, who will be critical in supplying the mineral for EV batteries and clean energy infrastructure. The three largest holdings within COPJ are ERO Copper Corp. (NYSE:ERO), Hudbay Minerals Inc. (NYSE:HBM), and Ivanhoe Electric Inc. (NYSE:IE). The ETF is currently in a strong uptrend within a rising channel pattern.

Portfolio Pulse from Melanie Schaffer

July 26, 2023 | 7:27 pm

TTD

Trade Desk (NASDAQ:TTD) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 14 strange trades detected, 35% were bullish and 64% were bearish. Whales have been targeting a price range from $78.0 to $140.0 for Trade Desk over the last 3 months. Redburn Partners and Needham have downgraded their ratings to 'Sell' and 'Buy' respectively, with price targets of $34 and $80. Morgan Stanley maintains an 'Overweight' rating with a price target of $105.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:16 pm

AMT

Unusual options activity has been observed for American Tower (NYSE:AMT), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. The price target range for American Tower over the last 3 months has been $185.0 to $200.0. Wells Fargo maintains an Overweight rating on American Tower with a price target of $215, while BMO Capital downgraded its action to Outperform with a price target of $230.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:16 pm

AAPL

MSFT

VOO

The article discusses the Dollar-Cost Averaging (DCA) investment strategy, which involves investing a fixed amount of money at regular intervals, regardless of the share price. This approach averages out the cost of investments over time, helping to smooth out market volatility. The strategy does not guarantee a profit or protect against a loss, but it eliminates the need to time the market perfectly. The article uses the examples of investing in Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), and Vanguard S&P 500 ETF (NYSE:VOO) to illustrate the concept.

Portfolio Pulse from Daniel Anderson

July 26, 2023 | 6:39 pm

FXCOF

Foxconn Industrial Internet (FII), a unit of Foxconn Technology Group, is planning to invest up to $200 million in a components-making plant in India's Tamil Nadu. This move is part of Foxconn's strategy to diversify its manufacturing base amid the ongoing US-China trade tensions.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:33 pm

CORT

The private equity backers of the Plan B morning-after pill are considering a sale of the company, potentially valued at $4 billion, according to Bloomberg. Corcept Therapeutics (CORT) is mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:48 pm

VOD

Vodafone has filed for a mixed shelf offering with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 5:16 pm