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KZR

Kezar Life Sciences reported a year-over-year decrease in Q2 EPS results, leading to a drop in its share price. Additionally, Wells Fargo downgraded the stock from Overweight to Equal-Weight, and HC Wainwright lowered its price target from $19 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:31 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has outperformed the market over the past 10 years by 6.18% on an annualized basis, producing an average annual return of 16.53%. If an investor had bought $100 of CMG stock 10 years ago, it would be worth $458.17 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:30 pm

UNP

Union Pacific (NYSE:UNP) has outperformed the market over the past 10 years by 1.02% on an annualized basis, producing an average annual return of 11.37%. If an investor had bought $1000 of UNP stock 10 years ago, it would be worth $2,901.70 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:30 pm

DIS

Walt Disney Co's shares are trading lower by 1.85% despite reporting better-than-expected third-quarter EPS results. The company's revenue of $22.33 billion indicated a 4% YoY increase but fell short of the Street's consensus estimate. The EPS for the same period was $1.03, surpassing the Street's consensus estimate of 97 cents per share. The company's operating income was flat YoY, with an 11% increase in the Parks segment and an 18% decrease in the Media segment.

Portfolio Pulse from Henry Khederian

August 11, 2023 | 2:30 pm

SPY

The SPDR S&P 500 ETF Trust (SPY) fell on Friday following the release of the latest Producer Price Index (PPI) data, which showed a 0.8% annualized increase, bouncing back from its revised 0.2% in June and exceeding the expected 0.7% hike. Economists suggest that the PPI report underscores the Federal Reserve's hesitance in claiming success in its inflation containment strategies. Despite July's acceleration, the PPI grew just 0.85% over the year, and business input costs have cooled off notably in July.

Portfolio Pulse from AJ Fabino

August 11, 2023 | 2:29 pm

CANO

Jefferies analyst Brian Tanquilut has downgraded Cano Health (NYSE:CANO) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 2:26 pm

OUST

Ouster reported better-than-expected Q2 financial results and issued Q3 revenue guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:24 pm

BCEL

Atreca reported Q2 financial results, leading to a drop in its share price. The stock was downgraded by HC Wainwright from Buy to Neutral and by Stifel from Buy to Hold. Stifel also lowered its price target from $4 to $1.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:19 pm

TGI

B of A Securities analyst Ronald Epstein has downgraded Triumph Group (NYSE:TGI) from Buy to Underperform and lowered the price target from $19 to $8.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 2:18 pm

AVGO

A whale investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 100% of the detected 13 strange trades being bearish. The trades include 7 puts amounting to $492,244 and 6 calls amounting to $247,119. The whales have been targeting a price range from $765.0 to $860.0 for Broadcom over the last 3 months. The price of AVGO is currently down -1.09% at $833.71, and RSI indicators suggest the stock may be approaching oversold. The next earnings are expected in 20 days.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:16 pm