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PINS

Piper Sandler has reiterated its overweight rating and $35 price target on Pinterest following the news of Amazon sponsored product ads. This suggests that Piper Sandler sees potential growth for Pinterest, possibly due to the expected increase in ad revenue from Amazon's sponsored product ads.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:22 pm

Z

ZG

Zillow Group shares are trading lower without any company-specific news being reported.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:18 pm

GD

General Dynamics Inc. (NYSE:GD) shares are currently trading at $223.31, after a 0.08% increase. Over the past month, the stock has risen by 4.62%, but it has decreased by 8.42% over the past year. The company's P/E ratio is lower than the aggregate P/E of 37.83 of the Aerospace & Defense industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 6:15 pm

PFE

SGEN

Seagen Inc announced positive outcomes from the Phase 3 HER2CLIMB-02 clinical trial of Tukysa, which could potentially double its current market. Analysts from William Blair maintain an 'Outperform' rating on Seagen shares. Seagen's stock price in the upcoming year will largely depend on the FTC's decision regarding Pfizer Inc's proposed acquisition.

Portfolio Pulse from Vandana Singh

August 16, 2023 | 6:12 pm

ADBE

QQQ

SPY

TSLA

In the 15th week of the 'Is ChatGPT A Better Financial Advisor?' series, Adobe Inc (NASDAQ:ADBE) has overtaken Tesla Inc (NASDAQ:TSLA) as the top performer in the ChatGPT portfolio, with a 50.65% increase since the position was opened. The portfolio, which started with a hypothetical $10,000, is also compared to seasoned funds like the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from AJ Fabino

August 16, 2023 | 6:10 pm

DEA

RBC Capital Markets analyst Michael Carroll has downgraded Easterly Government Properties Inc (NYSE:DEA) to Underperform from Sector Perform, lowering the price target from $15 to $13. This follows Q2 results where the company reported revenue of $71.4 million, beating the consensus of $70.6 million. However, the analyst expects DEA's earnings run-rate to be modestly lower due to the rollover of interest rate swaps that will further weigh the dividend. The company's shares are trading lower by 3.9% at $13.66.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 6:10 pm

SPY

The Federal Reserve's minutes reveal that most participants see continued 'significant' upside inflation risks. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 6:03 pm

SPY

The Federal Reserve's minutes reveal that some officials view the increase in home prices as an indication that the housing sector's response to rate increases has peaked.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 6:02 pm

HES

Hess (NYSE:HES) has received 8 analyst ratings in the last quarter, with 4 being somewhat bullish and 4 indifferent. The average price target is $164.62, indicating potential upside from the current price of $154.97. However, this average has decreased by 1.2% from the previous target of $166.62.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 6:01 pm

CHRW

C.H. Robinson Worldwide (NASDAQ:CHRW) has received mixed analyst ratings in the last quarter, with 1 bullish, 5 indifferent, and 3 somewhat bearish. The average price target is $90.22, which is lower than the current price of $94.77, implying a potential downside. The average price target has increased by 4.1% over the past month.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 6:01 pm