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UPWK

Industrial stocks are trading lower due to overall market weakness following a rise in Treasury yields after the FOMC statement. The lower-than-expected weekly jobless claims data could encourage more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 5:15 pm

RUN

Guggenheim predicts that the shares of the residential solar company, Sunrun Inc. (RUN), could more than double in value.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 5:10 pm

ISRG

A large, unusual options activity has been observed for Intuitive Surgical (NASDAQ:ISRG), indicating a bullish stance by a major investor or institution. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. The options trades have targeted a price range from $230.0 to $320.0 for Intuitive Surgical over the last 3 months. The current price of ISRG is down -2.29% at $285.27.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:02 pm

SCHW

Shares of Charles Schwab Corporation (SCHW) are trading lower amid concerns about future rate hikes following the FOMC statement and lower-than-expected initial jobless claims data. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting. Higher interest rates can boost Schwab's interest income, but concerns about rate hikes may lead to expectations of slower economic growth or increased borrowing costs for clients, which could dampen investment activity and income.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 5:02 pm

GES

Small Cap Consumer Research analyst Eric M Beder has reiterated a Buy rating on Guess? Inc (NYSE:GES) with a price target of $32.50. The company is launching a new collection for Guess? Girl, fronted by influencer Georgina Rodriguez. Guess? has expanded its Fall collection with a variety of items and colors. The company has also launched a luggage collection in all stores. Despite these developments, GES shares are trading lower by 0.51% at $21.66.

Portfolio Pulse from Shivani Kumaresan

September 21, 2023 | 5:02 pm

HOOD

Shares of Robinhood Markets Inc (NASDAQ:HOOD) are trading lower by 3.1% amid concerns about future rate hikes following the FOMC statement and lower-than-expected initial jobless claims data. Higher interest rates can affect the profitability of financial companies like Robinhood and lead to higher borrowing costs, potentially reducing customer activity.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 5:01 pm

DRVN

Driven Brands Hldgs (NASDAQ:DRVN) has received various analyst ratings in the last quarter, with 2 bullish, 4 somewhat bullish, and 2 indifferent. Over the past 3 months, 8 analysts have offered 12-month price targets for the company, with an average price target of $23.0, a decrease of 36.36% from the previous average price target of $36.14.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:01 pm

CRWD

NNN

NXPI

CNBC's Halftime Report discussed final trades involving NNN REIT, NXP Semiconductors, and CrowdStrike Holdings. The stocks of these companies were mentioned as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 5:00 pm

SPXC

Oppenheimer has maintained its Outperform rating for SPX Techs (NYSE:SPXC) and raised its price target from $97.00 to $100.00. This would represent a 25.03% increase from the current share price. SPX Techs, which supplies engineered HVAC products, detection and measurement technologies, and power equipment, generates most of its revenue from the American domestic market.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm

WMG

Warner Music Gr (NASDAQ:WMG) has received a mix of bullish and indifferent ratings from 14 analysts over the last quarter. The average price target is $36.5, indicating an upside from the current price of $30.49. The average price target has increased by 8.21% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 5:00 pm