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Equity Actions

PFE

Pfizer Inc.'s (NYSE:PFE) share price is currently at $36.26, after a 1.47% decrease. Over the past month, the stock increased by 0.23%, but decreased by 28.20% over the past year. Pfizer's P/E ratio is 7.34, lower than the Pharmaceuticals industry average of 39.71, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 8:00 pm

TNET

Needham analyst Kyle Peterson has reiterated a Buy rating on TriNet Group, Inc. (TNET), raising the price target to $120 from $115. Despite a challenging operating environment, TNET posted upbeat 2Q23 results, beating Street estimates. The company's board has approved a $1 billion increase to the share repurchase authorization, and management is exploring ways to repurchase up to $1 billion in stock in FY23. Peterson remains positive on TNET due to its strong momentum and solid positioning as a leading provider of PEO and HR solutions for small and medium-sized businesses.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 7:50 pm

LULU

A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. The whales have been targeting a price range from $240.0 to $500.0 for Lululemon Athletica over the last 3 months. Keybanc has maintained their Overweight rating on Lululemon Athletica with a price target of $425, while Telsey Advisory Group downgraded its action to Outperform with a price target of $430.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:47 pm

AEM

FNV

GOLD

SGDM

Spot gold prices declined by about 1.25% on Thursday, following the release of advance estimates data by the U.S. Bureau of Economic Analysis. The data showed a 2.4% annualized growth rate in the U.S. economy for Q2 2023 and a decline in unemployment, indicating a strong labor market. This is bearish for gold and gold miners. However, spot gold managed to hold above the 50-day simple moving average, suggesting a potential rebound. The Sprott Gold Miners ETF (SGDM) offers exposure to several gold miners and may be a good investment when the sector turns bullish.

Portfolio Pulse from Melanie Schaffer

July 27, 2023 | 7:15 pm

SPGI

A significant amount of unusual options activity has been detected for S&P Global (NYSE:SPGI), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $320.0 and $490.0. The current price of SPGI is down by 7.85% at $394.8. Wells Fargo, Morgan Stanley, and Raymond James have maintained their positive ratings on S&P Global, with price targets of $450, $427, and $421 respectively.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:01 pm

BFH

Bread Financial Holdings reported a year-over-year increase in Q2 EPS results and announced a $35 million buyback program, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:25 pm

BFH

Bread Financial has announced a $35 million share buyback program. This move is expected to boost investor confidence and potentially increase the company's stock price.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:25 pm

AMC

AMC Entertainment's proposed plan to convert preferred shares to common units and implement a stock split has been rejected by a court. This has led to volatility in the company's stock, causing it to trade lower.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 6:14 pm

XPEV

XPeng shares are trading higher following the recent announcement of an investment from Volkswagen. This continued strength in the stock is attributed to the investment.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:50 pm

ORLY

O'Reilly Automotive reported Q2 results and announced management changes, causing its shares to trade lower.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:37 pm