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Equity Actions

SAN

Banco Santander Inc.'s stock (NYSE:SAN) has seen a 5.17% increase in the current session, trading at $4.07. Over the past month, the stock has increased by 12.78%, and by 65.04% over the past year. The company's P/E ratio is lower than the aggregate P/E of 9.59 of the Banks industry, which could indicate that the stock is undervalued. However, the P/E ratio should not be used in isolation as it has its limitations and other factors can also impact a company's stock price.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:30 pm

META

Meta Platforms reported Q2 revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, also beating the estimate of $2.91. The company reported 3.07 billion family daily active people, up 7% YoY, and bought back $793 million in shares. Meta ended Q2 with $53.45 billion in cash and long-term debt of $18.38 billion. The company continues to invest in AI and the metaverse, and sees FY 2023 capital expenditures in a range of $27 billion to $30 billion. Q3 revenue guidance is $32 to $34.5 billion, ahead of the Street estimate of $28.29 billion.

Portfolio Pulse from Chris Katje

July 26, 2023 | 8:25 pm

TPIC

TPI Composites has announced a reduction in its 2023 guidance and plans to replace certain members of its senior team. The company has not provided specific reasons for these changes.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:24 pm

MRVL

A significant bearish stance has been observed in Marvell Tech's options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $80.0 for Marvell Tech over the last 3 months. The company's stock price is currently down by 0.3% at $63.71. Analysts from Stifel, Barclays, and Keybanc have maintained their positive ratings on Marvell Tech, with price targets of $75 and $80, while Wolfe Research downgraded its action to Outperform with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:16 pm

ILLM

Illumin Holdings Inc has announced its intention to delist from the Nasdaq Stock Market and launch a substantial issuer bid. The company's stock symbol is ILLM.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:15 pm

MAT

Mattel's CEO has expressed optimism about the potential of Mattel Films following the success of the Barbie movie, stating that it demonstrates the progress of their strategy to fully capitalize on their intellectual property.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:10 pm

CCS

Century Communities has increased its revenue forecast for FY23 to $3.1B-$3.4B, up from the previous estimate of $3.02B.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:09 pm

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