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EVR

JEF

Goldman Sachs has upgraded Jefferies Financial Group Inc (JEF) from a Neutral rating to a Buy rating with a $40 price target, citing its promising long-term growth potential and strong near-term prospects. On the other hand, Evercore Inc (EVR) was downgraded from a Buy rating to a Neutral rating with a $140 price target due to concerns about its near-term revenue growth and rising antitrust concerns.

Portfolio Pulse from AJ Fabino

August 22, 2023 | 4:04 pm

AMD

NVDA

AMD shares are trading lower due to volatility in semiconductor stocks ahead of NVIDIA's upcoming earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:03 pm

AMZN

CLVT

HRB

JLL

KMPR

META

MSFT

NVDA

OXY

PINS

THC

WMT

Goldman Sachs has revealed a list of 50 stocks that are expected to see substantial long-term growth due to the adoption of artificial intelligence (AI). The list includes companies from the Russell 1000 index that are expected to benefit significantly from AI integration. The bank's analysis suggests that the median stock in their basket could see a 72% increase in earnings per share (EPS) following widespread AI adoption, compared to a 19% rise for the median stock in the Russell 1000 index.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 4:02 pm

NVDA

NVIDIA shares are experiencing volatility ahead of the company's upcoming earnings report. The stock has been in focus this year due to increased interest in AI.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:02 pm

FDX

A significant bearish stance on FedEx (NYSE:FDX) has been observed through unusual options activity. The sentiment among big-money traders is split between 27% bullish and 72% bearish. Whales have been targeting a price range from $240.0 to $280.0 for FedEx over the last 3 months. The price of FDX is currently down -0.42% at $258.85. Stephens & Co. downgraded its action to Overweight with a price target of $290.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:01 pm

SBUX

A significant amount of unusual options activity has been observed for Starbucks (NASDAQ:SBUX), indicating a bullish stance by a large investor or institution. The activity includes 10 uncommon options trades, split 50% bullish and 50% bearish. The trades include 8 puts totaling $648,917 and 2 calls totaling $98,083. The targeted price range for Starbucks over the last 3 months has been $75.0 to $115.0. Several financial institutions have maintained or downgraded their ratings on Starbucks, with price targets ranging from $105 to $123.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:01 pm

PANW

Palo Alto Networks shares are trading lower, possibly due to a pullback after recent gains on strong earnings and guidance.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:01 pm

UFI

Unifi (NYSE:UFI) is set to release its quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $-0.29. The company's past performance shows a pattern of share price drops following earnings reports. Shares of Unifi were trading at $7.31 as of August 21, with a 52-week drop of 42.76%.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:00 pm

AVNW

Aviat Networks (NASDAQ:AVNW) is set to release its latest quarterly earnings report on Wednesday, 2023-08-23. Analysts estimate an earnings per share (EPS) of $0.85. The company's past performance shows a mixed trend of meeting or beating EPS estimates and varied price changes. The stock is currently trading at $27.93, down 14.79% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:00 pm

BFH

Over the past 3 months, 4 analysts have published their opinion on Bread Finl Hldgs (NYSE:BFH) stock. The analysts have an average price target of $40.25 versus the current price of Bread Finl Hldgs at $37.05, implying upside. This current average has increased by 11.03% from the previous average price target of $36.25.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:00 pm