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GPCR

BMO Capital has maintained its Outperform rating for Structure Therapeutics (NASDAQ:GPCR) and increased its price target from $40.00 to $83.00. Structure Therapeutics is a clinical-stage global biopharmaceutical company developing novel oral therapeutics for chronic diseases. Its shares are currently trading up 2.28% at $57.89 per share.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

LMT

Over the past 20 years, Lockheed Martin (NYSE:LMT) has outperformed the market by 4.22% on an annualized basis, producing an average annual return of 11.45%. If an investor had bought $100 of LMT stock 20 years ago, it would be worth $882.47 today. Lockheed Martin currently has a market capitalization of $101.65 billion.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

CSCO

SBUX

CNBC's final trades segment mentioned Starbucks (SBUX), Boeing (BA), and Cisco Systems (CSCO). No specific details about the companies' performance or outlook were provided.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 5:00 pm

STZ

Wells Fargo has maintained its Overweight rating for Constellation Brands (NYSE:STZ) and increased its price target from $280.00 to $285.00. Constellation Brands is a leading provider of alcoholic beverages in the U.S., with 80% of its revenue coming from Mexican beer imports. The company also owns a 36% stake in Canopy Growth, a leader in medicinal and recreational cannabis products in Canada.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

SYF

Morgan Stanley has maintained its Underweight rating for Synchrony Financial (SYF) and lowered its price target from $29.00 to $28.00. Shares of Synchrony Financial are currently trading down 3.95% at $29.17 per share.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

DHI

HOV

LOW

PHM

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:53 pm

SPY

TLH

TLT

UTEN

The 10-year Treasury yield has surged above 4.75%, its highest level since August 2007, causing a ripple effect in financial markets. The US Treasury 10 Year Note ETF (UTEN) and the iShares 10-20 Year Treasury Bond ETF (TLH) have registered significant losses, while the iShares 20+ Year Treasury Bond ETF (TLT) has lost more than half of its value since March 2020. The SPDR S&P 500 ETF Trust (SPY) has also been affected, experiencing its roughest month of the year. The rise in Treasury yields is attributed to an expansion of the U.S. government’s budget deficit, the ongoing Fed quantitative tightening program, and the Federal Reserve’s restrictive stance on interest rates.

Portfolio Pulse from Piero Cingari

October 03, 2023 | 4:52 pm

AMZN

GOOGL

MSFT

British media regulator, Ofcom, is advocating for an antitrust probe into Amazon and Microsoft's dominance in the UK's cloud computing market. The two companies hold a combined market share of 60-70%, significantly overshadowing Google's 10%. Ofcom has expressed concerns about the challenges clients face in negotiating favorable terms due to this market dominance. Amazon and Microsoft's shares traded lower by 3.25% and 2.55% respectively.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 4:48 pm

VRAR

Glimpse Group Inc has announced an agreement for the purchase and sale of approximately 1.9 million shares of the company's common stock, according to an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:48 pm

NOC

Northrop Grumman Inc.'s (NYSE:NOC) share price is currently at $441.35, after a 0.20% drop. Over the past month, the stock increased by 1.31%, but over the past year, it fell by 9.85%. The company's P/E ratio is lower than the aggregate P/E of the Aerospace & Defense industry, suggesting that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 4:45 pm