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MRVL

Marvell Technology's shares are trading lower after the company reported a 12% YoY decline in Q2 earnings. Despite this, the company forecasts sequential revenue growth in Q3, driven by AI and cloud infrastructure. Several analysts updated their ratings and price targets post the financial report release, with a mix of lowered and raised targets.

Portfolio Pulse from Erica Kollmann

August 25, 2023 | 3:06 pm

SPY

Federal Reserve's Harker has stated that labor markets are cooling and he doubts that rate cuts will be on the table until next year. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 3:06 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) reported better-than-expected Q2 earnings and sales, and issued Q3 2024 revenue guidance of $1.4 billion. Despite this, Marvell shares fell 8.5%. Post-earnings, Morgan Stanley cut the price target from $68 to $65, B. Riley Securities raised it from $75 to $77, and Rosenblatt maintained a $100 price target.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 3:05 pm

SPY

Federal Reserve's Harker has stated that the goal is to bring inflation back to 2%. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 3:02 pm

TM

WBD

Toyota Motor Corporation's (NYSE:TM) 2024 Tacoma model is featured in Warner Bros. Discovery Inc's (NASDAQ:WBD) DC film 'Blue Beetle'. The 2024 Tacoma, an off-road 4x4 vehicle with up to 326 horsepower and 465 lb-ft. of torque, will be in dealerships by the end of the year. TM shares are trading higher by 0.48% to $163.56.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 3:02 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. The whales have been targeting a price range from $35.0 to $52.5 for Uber over the last 3 months. Meanwhile, several financial institutions have maintained positive ratings on Uber, with price targets ranging from $55 to $60.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:00 pm

DUK

Duke Energy (NYSE:DUK) has received various analyst ratings in the last quarter, with 2 bullish, 5 somewhat bullish, and 8 indifferent. The average price target is $101.0, compared to the current price of $90.5054, implying an upside. However, this average has decreased by 3.42% from the previous average price target of $104.58.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:00 pm

SHW

Sherwin-Williams (NYSE:SHW) has received various analyst ratings in the last quarter, with a total of 20 analysts giving an average price target of $292.0, compared to its current price of $266.3. This average price target has increased by 8.96% over the past month.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:00 pm

FILUSD

Filecoin's (CRYPTO: FIL) price has decreased by 3.9% over the past 24 hours to $3.23, continuing its downward trend over the past week of -7.0%. The trading volume for the coin has fallen 33.0% over the past week, while the overall circulating supply of the coin has increased 0.11% to 443.17 million. The current market cap ranking for FIL is #34 at $1.43 billion.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:00 pm

NFLX

Analysts have provided various ratings for Netflix (NASDAQ:NFLX) within the last quarter, with a total of 9 bullish, 15 somewhat bullish, 8 indifferent, and 1 bearish. The average price target is $473.33, implying an upside from the current price of $411.01. This average price target has increased by 15.54% over the past month.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:00 pm