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Stock Prices

TRP

Over the past 3 months, 7 analysts have published their opinion on TC Energy (NYSE:TRP) stock. The average price target is $55.0, implying an upside from the current price of $35.97. This average has decreased by 12.93% from the previous average price target of $63.17.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

CMG

Analysts have given Chipotle Mexican Grill (NYSE:CMG) mostly bullish ratings in the last quarter, with an average price target of $2244.04, indicating potential upside from the current price of $1945.1. The average price target has increased by 4.11% over the past month.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin are trading lower, with Bitcoin sliding about 2% during Friday's 24-hour trading session. This comes after reports that JPMorgan is exploring blockchain-based deposit tokens for cross-border transactions. Despite the bearish leanings, Bitcoin has developed a bullish divergence, indicating a potential upward move. Ethereum and Dogecoin are trading in symmetrical triangle patterns, indicating a larger move is likely before September 13 and 12, respectively.

Portfolio Pulse from Melanie Schaffer

September 08, 2023 | 8:52 pm

AIV

AVB

ESS

MAA

UDR

U.S. apartment rents might experience negative growth rates as early as next month due to a surge in supply. The annual growth rate stood at 11% a year ago, but rents in August registered a marginal 0.28% rise compared to the same period last year. Elevated mortgage rates, soaring home prices, and limited availability have anchored potential buyers to the rental market. Meanwhile, 460,000 new units are slated for completion this year, marking a 50-year high in construction. This influx is expected to erode landlords' pricing power. Stocks to watch in the housing development space include AvalonBay Communities Inc, UDR Inc, Mid-America Apartment Communities Inc, Apartment Investment and Management Co, and Essex Property Trust Inc.

Portfolio Pulse from AJ Fabino

September 08, 2023 | 8:50 pm

AAPL

IVV

MSFT

SPY

VGT

VOO

Large-cap ETFs have seen significant changes in net assets over the past week. Vanguard S&P 500 ETF (VOO) and SPDR S&P 500 ETF Trust (SPY) have added $3.49 billion and $2.1 billion in net assets respectively. However, Vanguard Information Technology ETF (VGT) and iShares Core S&P 500 ETF (IVV) have lost $2.41 billion and $2.3 billion respectively. Apple Inc. (AAPL) and Microsoft Corporation (MSFT) are the largest holdings in all these funds.

Portfolio Pulse from Johnny Rice

September 08, 2023 | 8:49 pm

EWJ

GDX

SLV

XLE

Large-cap ETFs with AUM above $10 billion were screened for weekly returns. Winners included Energy Select Sector SPDR Fund (XLE) and iShares MSCI Japan ETF (EWJ), while losers were iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX). XLE, with holdings in Exxon Mobil and Chevron, was up 2.53% over the week. EWJ, with holdings in Toyota and Sony, was down 0.96%. SLV, tracking silver performance, was down 5.98%. GDX, providing exposure to gold mining companies like Newmont and Barrick Gold, was down 3.35%.

Portfolio Pulse from Johnny Rice

September 08, 2023 | 8:48 pm

PSX

Unusual options activity has been observed for Phillips 66 (NYSE:PSX), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for Phillips 66 over the last 3 months is from $105.0 to $150.0. The current price of PSX is up 2.93% at $122.23. Analysts from Goldman Sachs, Wells Fargo, Mizuho, and Argus Research have maintained their ratings on Phillips 66, with price targets ranging from $127 to $144.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:45 pm

DIS

A report has detailed a rift between Bob Iger and former Disney CEO Bob Chapek, including a disagreement over office space. Iger, who returned to the CEO role in November 2022, has admitted that picking Chapek as his successor was a mistake. Under Iger's leadership, Disney saw strong stock performance and completed acquisitions of Marvel, Pixar, and Lucasfilm. However, Chapek's tenure was marked by disappointing returns and controversies. With Chapek out of the picture, Iger is now in full control of the company. Disney shares have hit 10-year lows and there are speculations about potential sell-offs of non-core business segments or a possible acquisition by a larger company like Apple.

Portfolio Pulse from Chris Katje

September 08, 2023 | 8:40 pm

TAK

Takeda Pharmaceutical's (NYSE:TAK) short percent of float has fallen 4.35% since its last report, with 6.88 million shares sold short, which is 0.22% of all regular shares available for trading. It would take traders 2.5 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.55%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:30 pm

HUBS

HubSpot's (NYSE:HUBS) short percent of float has risen 10.71% since its last report, with 1.04 million shares sold short, which is 2.17% of all regular shares available for trading. It would take traders 1.39 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, HubSpot's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:30 pm