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JTAI

Shares of Jet.AI (JTAI) were halted on a circuit breaker due to a significant drop in the stock price. The stock is currently down by 8.30%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 6:11 pm

WMT

Ahead of Walmart's 2Q23 earnings report, analysts from KeyBanc and Telsey Advisory Group have reiterated positive ratings on the company, citing its defensive product mix, expansion into advertising and merchant services, and strong market position. KeyBanc analyst Bradley B. Thomas has set a price target of $175.00, while Telsey's Joseph Feldman has a target of $168.00. Feldman also expects Walmart to report inline 2Q23 EPS of $1.69, with total sales growth of 4.0% to ~$159 billion.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 6:11 pm

UBS

UBS Group AG has agreed to pay $1.44 billion to the Department of Justice (DOJ) to settle allegations related to its residential mortgage-backed securities dealings from 2006 and 2007. The settlement concludes all civil claims the DOJ had against UBS's past RMBS operations in the US. Following the announcement, UBS's shares listed in New York rose 0.7%, reaching their highest level since June 2008.

Portfolio Pulse from Piero Cingari

August 14, 2023 | 6:09 pm

AAPL

MSFT

OIH

XOP

The article discusses the ongoing 'Great Rotation of 2023', where mega cap stocks like Microsoft and Apple, which drove the market higher in the first seven months of the year, are now underperforming. Sectors like Financials and Energy are seeing improved relative strength. The Nasdaq 100, Microsoft, and Apple have all closed below their 50-day moving average, indicating a shift in market leadership towards sectors like Energy. The article also highlights two ETFs, the S&P SPDR Oil & Gas Exploration and Production ETF (XOP) and the Oil Services ETF (OIH), which are making new relative highs.

Portfolio Pulse from David Keller

August 14, 2023 | 6:08 pm

JTAI

Shares of Jet.AI (JTAI) have resumed trading.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 6:07 pm

FRHC

Freedom Holding Corp. (FRHC) has received a non-compliance letter from Nasdaq due to its failure to timely file its Q2 2023 report with the SEC. The company now has 60 days to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant the company up to 180 days to regain compliance. The delayed filing of the company's annual report had the effect of decreasing the time available for the company to prepare the Q2 report. The company is working to complete the necessary work to file the Q2 report as soon as possible.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 6:01 pm

MRK

A whale investor has taken a bullish stance on Merck & Co (NYSE:MRK), with 58% of investors opening trades with bullish expectations and 41% with bearish. The whale has been targeting a price range from $85.0 to $125.0 for Merck & Co over the last 3 months. The price of MRK is up 1.35% at $108.89. Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Merck & Co, respectively, with price targets of $122 and $116.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:01 pm

PBR

A significant amount of unusual options activity has been observed for Petrobras Brasileiro (NYSE:PBR), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $12.0 to $16.0 for Petrobras Brasileiro over the last 3 months. The current price of PBR is down -0.88% at $13.51. Citigroup, Bradesco Corretora, and HSBC have all given neutral to bearish ratings with price targets of $14, $10, and $13 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:01 pm

MGNI

Over the past 3 months, 9 analysts have published their opinion on Magnite (NASDAQ:MGNI) stock. The average price target is $14.94, representing a 17.0% decrease from the previous average price target of $18.00. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:00 pm

IHS

IHS Holding (NYSE:IHS) is set to release its quarterly earnings report on August 15, 2023. Analysts estimate an EPS of $0.13. The company's past performance shows a pattern of price changes following earnings reports. The stock is currently trading at $7.85, with a 0.38% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:00 pm