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RPD

Rapid7's shares are experiencing an upward trend following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:37 pm

SPY

The market on close imbalance is leaning towards the sell side with $238M. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:36 pm

CVNA

Morgan Stanley analyst Adam Jonas has expressed concerns about the sustainability of Carvana Co.'s (NYSE:CVNA) strategy amid challenges in the used car sector. Despite acknowledging Carvana's strides in retail and wholesale Gross Profit per Unit (GPU), Jonas emphasized that the company still has a lot to prove. Morgan Stanley has adjusted its third-quarter total GPU projection for Carvana to $5,266, up from $4,731, and its estimate for the company's third-quarter adjusted EBITDA has jumped to $75 million, up from $27 million. However, the firm reiterated an Underweight rating on Carvana and slightly increased its price target from $35 to $37.

Portfolio Pulse from Piero Cingari

August 11, 2023 | 7:35 pm

CLOV

Citigroup has maintained a Neutral rating on Clover Health Investment's stock and increased its price target from $1 to $1.5. This has led to a rise in Clover Health's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:31 pm

QCOM

A significant bearish stance has been taken on Qualcomm (NASDAQ:QCOM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 46% bullish and 53% bearish. The targeted price range for Qualcomm over the last 3 months has been $65.0 to $130.0. The current price of QCOM is down -1.12% at $114.31.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:31 pm

VLO

A significant bearish stance has been taken on Valero Energy (NYSE:VLO) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 30% bullish and 69% bearish. The price of VLO is up 2.85% at $138.7. Analysts from Morgan Stanley, Barclays, Tudor Pickering, and Wells Fargo have given price targets of $160, $142, $145, and $135 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:31 pm

CRWD

Unusual options activity has been observed for CrowdStrike Holdings (NASDAQ:CRWD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 19 uncommon trades, with 57% bullish and 42% bearish sentiment. The targeted price range for CrowdStrike over the last 3 months is from $138.0 to $170.0. The current price of CRWD is $148.35, up 0.33%. Analysts from Morgan Stanley and Barclays maintain an Overweight rating on CrowdStrike, with price targets of $178 and $173 respectively, while JMP Securities and Needham have downgraded their actions with price targets of $235 and $170 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:30 pm

PTON

Peloton's shares are trading lower due to overall market weakness following the release of July's Producer Price Index (PPI) data.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:30 pm

HUM

Over the past 10 years, Humana (NYSE:HUM) has outperformed the market by 8.05% on an annualized basis, producing an average annual return of 18.4%. If an investor had bought $1000 of HUM stock 10 years ago, it would be worth $5,337.72 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:30 pm

RIO

Rio Tinto (NYSE:RIO) has outperformed the market over the past 20 years, producing an average annual return of 19.14%. If an investor had bought $1000 of RIO stock 20 years ago, it would be worth $34,032.56 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:30 pm