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Stock Prices

BA

A significant number of investors have taken a bearish stance on Boeing (NYSE:BA), with 65% of detected trades being bearish and 35% bullish. The targeted price range for Boeing over the last 3 months is $210.0 to $310.0. Wells Fargo, Jefferies, JP Morgan, and Citigroup maintain positive ratings on Boeing with price targets ranging from $245 to $285, while RBC Capital downgraded its rating to 'Sector Perform' with a price target of $225.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:33 pm

DAL

A significant investor has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 70% of recent trades being bearish and 30% bullish. The price target for Delta Air Lines over the last 3 months has been between $37.0 and $57.5. The current price of DAL is down -0.34% at $44.02. B of A Securities and Citigroup have maintained their Buy rating on Delta Air Lines, with price targets of $53 and $67 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:33 pm

JPM

A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $80.0 to $170.0 for JPMorgan Chase over the last 3 months. Several financial institutions have maintained their positive ratings on JPMorgan Chase, with price targets ranging from $160 to $227.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:33 pm

ASO

Telsey Advisory Group analyst Cristina Fernández initiated coverage on Academy Sports and Outdoors Inc (NASDAQ:ASO) with an Outperform rating and a price target of $72. The rating is based on a P/E multiple of ~9.0x applied to the projected 2024 EPS estimate of $8.00. The analyst views ASO as a growth story driven by market share gains as the company expands in existing and new markets. The stock's low valuation reflects the negative comp trend that began in 1Q22, expected to persist until 4Q23. However, the analyst expects a return to growth and stable profitability in 2024.

Portfolio Pulse from Shivani Kumaresan

August 14, 2023 | 7:32 pm

JPM

Over the past 15 years, JPMorgan Chase (NYSE:JPM) has outperformed the market by 1.53% on an annualized basis, producing an average annual return of 10.28%. If an investor had bought $1000 of JPM stock 15 years ago, it would be worth $4,201.55 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:30 pm

VLO

Valero Energy (NYSE:VLO) has outperformed the market over the past 20 years by 6.2% on an annualized basis, producing an average annual return of 13.93%. If an investor had bought $100 of VLO stock 20 years ago, it would be worth $1,377.43 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:30 pm

PYPL

USDCUSD

USDTUSD

Bill Wolf, CIO at Archblock, believes that stablecoins will revolutionize the financial landscape, offering a more efficient alternative to traditional money transfer systems. He highlighted the significance of major payment platforms like PayPal entering the blockchain space. He also discussed the potential impact on existing digital currencies like Tether and USD Coin, predicting some level of market cannibalization. Wolf responded to a recent projection by Bernstein that estimated the stablecoin market could reach $2.8 trillion in the next five years, agreeing with the estimate.

Portfolio Pulse from Murtuza Merchant

August 14, 2023 | 7:25 pm

TMUS

A significant investor has taken a bearish stance on T-Mobile US (NASDAQ:TMUS), with 88% of the spotted trades being bearish. The whales have been targeting a price range from $115.0 to $150.0 for T-Mobile US over the last 3 months. The current price of TMUS is $138.98, up 0.46%. RBC Capital, Morgan Stanley, and TD Cowen maintain their positive ratings on T-Mobile US, with price targets of $163, $179, and $210 respectively, while Benchmark downgraded its action to Buy with a price target of $200.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:16 pm

MMM

A significant bearish stance has been taken on 3M (NYSE:MMM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 100% bearish. The whales have been targeting a price range from $85.0 to $125.0 for 3M over the last 3 months. Currently, the price of MMM is down -1.13% at $103.37. Citigroup, Morgan Stanley, and RBC Capital have maintained their Neutral, Underweight, and Underperform ratings on 3M, respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:16 pm

PNC

PNC Financial shares are experiencing a downturn due to a general weakness in banking stocks.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 7:10 pm