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ZS

ZScaler shares are experiencing a downturn due to the overall weakness in software and growth stocks.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:38 pm

PLTR

Palantir's stock is trading lower due to weakness in software and growth names.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:37 pm

COHR

Coherent Corp. (NYSE:COHR) shares are trading higher despite a drop after the company posted Q4 results and issued Q1 and full-year 2024 outlook below estimates. The company beat Q4 earnings and sales estimates but issued lower than expected guidance for Q1 and full-year 2024. Several analysts lowered their price targets on Coherent, but the stock has rebounded over 2%.

Portfolio Pulse from Ryan Gustafson

August 17, 2023 | 7:35 pm

WMT

Walmart's shares are trading lower despite the company reporting better than expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:31 pm

BAC

A significant amount of unusual options activity has been detected for Bank of America (NYSE:BAC), with a bearish stance being taken by a majority of investors. Of the 22 strange trades detected, 72% were bearish and 27% were bullish. The trades included 9 puts amounting to $559,277 and 13 calls amounting to $924,525. Whales have been targeting a price range from $20.0 to $40.0 for Bank of America over the last 3 months. The price of BAC is currently down -0.56% at $29.12. Analysts from Morgan Stanley, BMO Capital, and Oppenheimer have maintained their ratings on Bank of America.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:30 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $400.0 to $530.0 for UnitedHealth Group over the last 3 months. The price of UNH is currently down -2.02% at $493.37. Stephens & Co. downgraded its action to Overweight with a price target of $560, while UBS maintained their Neutral rating with a price target of $520.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:30 pm

MCD

A significant bearish stance on McDonald's (NYSE:MCD) has been observed through unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $120.0 to $310.0 for McDonald's over the last 3 months. The current price of MCD is down -1.04% at $282.44. Several financial institutions have maintained their ratings on McDonald's with price targets ranging from $310 to $340.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:30 pm

EL

Estee Lauder Cos (NYSE:EL) has outperformed the market over the past 15 years by 4.76% on an annualized basis, producing an average annual return of 13.19%. If an investor had bought $1000 of EL stock 15 years ago, it would be worth $6,461.05 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:30 pm

BKNG

Shares of Booking Holdings are trading lower due to macroeconomic uncertainty, which has been putting pressure on travel stocks.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 7:29 pm

BKI

MCO

XLRE

The US housing market is facing an affordability crisis due to skyrocketing mortgage rates, which have reached a level unseen since April 2002. The average rate for a 30-year fixed loan is now 7.09%, up from 6.96% a week ago. This, combined with soaring home prices due to a severe inventory deficit, has resulted in housing affordability dropping to levels last seen in 1984. The scarcity of homes, rising expenses, and economic concerns have deterred potential buyers, causing a dip in sales of pre-owned homes. The Real Estate Select Sector SPDR Fund (NYSE:XLRE) has fallen 5% month-to-date.

Portfolio Pulse from Piero Cingari

August 17, 2023 | 7:28 pm