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HAL

Halliburton Inc.'s (NYSE:HAL) stock is currently trading at $42.53, after a 2.93% increase. Over the past month, the stock has risen by 7.70%, and over the past year, it has increased by 39.90%. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Energy Equipment & Services industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:15 pm

UVXY

VIXM

VIXY

Goldman Sachs analysts believe that the CBOE Volatility Index (VIX) is trading at price levels significantly lower than what the broader economic context would suggest. The VIX is currently at 13.8, about 6 points below the level implied by the growth and inflation environment. Despite a turbulent period that briefly propelled the VIX to a high of 31 during the regional-bank failures in March, volatility has since decreased, except for a brief uptick in August. This year’s 35% decline in the VIX is the second-largest annual drop since the 2009 financial crisis. ETFs such as the ProShares Trust VIX Short-Term Futures ETF (VIXY), the ProShares Trust VIX Mid-Term Futures ETF (VIXM), and the ProShares Trust Ultra VIX Short-Term Futures ETF (UVXY) provide opportunities to participate in the VIX’s movements.

Portfolio Pulse from Piero Cingari

September 12, 2023 | 5:03 pm

MRO

OXY

RIG

TPL

XOM

Shares of oil companies are trading higher after OPEC maintained its growth forecasts and predicted a supply shortfall. This news directly impacts the stocks of Marathon Oil Corporation (MRO), Occidental Petroleum Corporation (OXY), Transocean Ltd. (RIG), Texas Pacific Land Trust (TPL), and Exxon Mobil Corporation (XOM).

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:02 pm

UBER

XLE

XLV

CNBC's Halftime Report discussed final trades involving Health Care SPDR (XLV), Energy SPDR (XLE), and Uber Technologies (UBER).

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:02 pm

APO

A significant bullish stance has been taken on Apollo Global Management (NYSE:APO) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $65.0 to $90.0 for Apollo Global Management over the last 3 months. The price of APO is currently up 1.46% at $89.89, and the next earnings are expected to be released in 50 days.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:01 pm

WFC

A whale investor has taken a bullish stance on Wells Fargo (NYSE:WFC), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $30.0 to $47.5 for Wells Fargo over the last 3 months. The price of WFC is up 3.39% at $42.73. HSBC has downgraded its action to Hold with a price target of $45.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:01 pm

MA

A whale investor has taken a bullish stance on Mastercard (NYSE:MA), with 52% of investors opening trades with bullish expectations and 47% with bearish. The whale has been targeting a price range from $310.0 to $435.0 for Mastercard over the last 3 months. Mizuho downgraded its action to Buy with a price target of $435, while JP Morgan maintained their Overweight rating on Mastercard, with a price target of $510.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:01 pm

SUM

Over the past 3 months, 13 analysts have published their opinion on Summit Materials (NYSE:SUM) stock. The average price target for the stock is $43.0, an increase of 13.97% from the previous average price target of $37.73. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:00 pm

HBM

In the last quarter, Hudbay Minerals (NYSE:HBM) received 1 bullish and 3 somewhat bullish ratings from analysts. The average price target is $9.5, indicating potential upside from the current price of $4.8. However, this average has decreased by 7.32% from the previous target of $10.25.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:00 pm

MAR

TD Cowen has maintained its Outperform rating for Marriott Intl (NASDAQ:MAR) and increased its price target from $185.00 to $215.00. Marriott's shares are currently trading at $203.81, down 0.17% over the last 24 hours. A move to $215.00 would represent a 5.49% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:00 pm