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KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 10 years by 12.94% on an annualized basis, producing an average annual return of 23.02%. If an investor had bought $1000 of KLAC stock 10 years ago, it would be worth $8,016.78 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:30 pm

AAPL

The upcoming iPhone 15 Pro and iPhone 15 Pro Max models are expected to be priced at $999 and $1,199 respectively.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:19 pm

RTX

RBC Capital Markets analyst Ken Herbert has downgraded RTX Corporation (NYSE:RTX) to Sector Perform and lowered the price target to $82 from $105. This follows RTX's update on the impact to the Pratt & Whitney Geared Turbo Fan (GTF) engine fleet due to a rare condition in the powder metal used to manufacture certain engine parts. RTX now anticipates a ~$3 billion FCF impact from 2023 through 2025, with ~80% of this going toward customer concessions. The analyst warns of continued risks to the FCF outlook from the execution of the engine repairs and the customer concessions.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 6:16 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The price of SNOW is currently down -0.71% at $168.96. Barclays, Raymond James, and Mizuho have maintained their positive ratings on Snowflake, while Needham and Wedbush have downgraded their actions.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:15 pm

SLB

A significant bearish stance has been taken on Schlumberger Limited (NYSE:SLB) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $50.0 to $70.0 for SLB over the last 3 months. The price of SLB is up 1.83% at $61.88. Susquehanna, Piper Sandler, and UBS have maintained their positive ratings on SLB with price targets of $72, $77, and $73 respectively.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:15 pm

CRGY

Crescent Energy Company (NYSE:CRGY) has been reiterated a Buy rating by Mizuho Securities USA LLC, with an unchanged price target of $18.00. Crescent recently announced its second acquisition of Eagle Ford working interest this year and a secondary stock offering. The company will acquire incremental working interests in its existing Western Eagle Ford position for $250 million cash. CRGY shares are trading higher by 1.06% at $12.43.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 6:09 pm

AAPL

AMZN

GOOG

The U.S. Justice Department has accused Alphabet Inc's Google of maintaining a monopoly by allegedly paying over $10 billion annually to secure its position as the default search engine on web browsers and mobile devices. The government alleges that Google's actions stifle competition and hamper innovation in the online search market. Google reportedly paid Apple between $4 billion - $7 billion to maintain its default position on Safari and over $1 billion to wireless carriers to secure its status as the default on Android smartphones. If the Justice Department prevails, it may seek remedies in the second phase, potentially separating Alphabet's search business from other products.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 6:04 pm

ADBE

A large investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 29 uncommon options trades spotted, split between 51% bullish and 48% bearish. The whales have been targeting a price range from $270.0 to $600.0 for Adobe over the last 3 months. The price of ADBE is currently down -3.27% at $546.05. Several experts have maintained or upgraded their ratings on Adobe, with price targets ranging from $600 to $660.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:01 pm

RELY

Analysts have provided bullish and somewhat bullish ratings for Remitly Global (NASDAQ:RELY) in the last quarter. According to 9 analysts offering 12-month price targets in the last 3 months, Remitly Global has an average price target of $26.56, which has increased by 19.16% over the past month.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:00 pm

ZTS

Over the past 3 months, 5 analysts have published their opinion on Zoetis (NYSE:ZTS) stock, with 4 being bullish, 1 somewhat bullish, and none being bearish. The company has an average 12-month price target of $214.6, which has increased by 5.71% over the past month.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:00 pm