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TEAM

A significant bullish stance has been taken on Atlassian (NASDAQ:TEAM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $140.0 to $270.0 for Atlassian over the last 3 months. The price of TEAM is currently down -3.41% at $170.63. Next earnings are expected to be released in 7 days.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:16 pm

AEM

FNV

GOLD

SGDM

Spot gold prices declined by about 1.25% on Thursday, following the release of advance estimates data by the U.S. Bureau of Economic Analysis. The data showed a 2.4% annualized growth rate in the U.S. economy for Q2 2023 and a decline in unemployment, indicating a strong labor market. This is bearish for gold and gold miners. However, spot gold managed to hold above the 50-day simple moving average, suggesting a potential rebound. The Sprott Gold Miners ETF (SGDM) offers exposure to several gold miners and may be a good investment when the sector turns bullish.

Portfolio Pulse from Melanie Schaffer

July 27, 2023 | 7:15 pm

CSTM

Benchmark analyst Josh Sullivan reiterated a Buy rating on Constellium SE (NYSE:CSTM), raising the price target to $24 from $19. The company recently reported Q2 results, raising FY23 EBITDA guidance due to robust aerospace sales. Demand for high-value aerospace plates and other products is driving significant EBITDA per ton in Aerospace & Transportation. However, the aluminum packaging market is still transitioning out of a destocking cycle. Net leverage is now 2.7x, down 0.3x y/y. With FCF improving and CSTM moving towards the 2.5x net leverage target, the company is likely to start exploring shareholder returns.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 7:11 pm

F

Ford Motor Company (NYSE:F) is set to release its Q2 financial results after the market close on Thursday. Analysts expect an EPS of 55 cents on revenues of $40.38 billion. Citigroup analyst Itay Michaeli maintained a Buy rating on Ford and raised the price target from $16 to $17. However, from a technical analysis standpoint, Ford’s stock looks headed lower following the earnings print, trading in a downtrend.

Portfolio Pulse from Melanie Schaffer

July 27, 2023 | 7:11 pm

UNP

Benchmark analyst Nathan P. Martin has reiterated a Buy rating on Union Pacific Corporation (UNP), raising the price target to $264 from $230, despite the company's weaker FY23 outlook. UNP's Q2 FY23 operating revenue declined by 5% YoY to $5.96 billion, missing the consensus of $6.12 billion. The company cited softening consumer markets, inflation, one-time labor expense, and increased workforce levels as impacting factors. However, shares were up as the board announced that industry veteran Jim Vena would take over as CEO next month. The analyst lowered the 3Q EPS estimate to $2.83 from $2.97 and the full-year EPS estimate to $10.85 from $11.34.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 7:03 pm

SPGI

A significant amount of unusual options activity has been detected for S&P Global (NYSE:SPGI), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $320.0 and $490.0. The current price of SPGI is down by 7.85% at $394.8. Wells Fargo, Morgan Stanley, and Raymond James have maintained their positive ratings on S&P Global, with price targets of $450, $427, and $421 respectively.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:01 pm

SRFM

Trading of Surf Air Mobility (SRFM) shares has been halted due to a circuit breaker.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:01 pm

FI

Fiserv Inc's Q2 FY23 results exceeded expectations, leading to several analysts raising their price targets and EPS estimates. The company reported a 7% Y/Y revenue growth to $4.76 billion, beating the consensus of $4.54 billion. Adjusted EPS of $1.81 also beat the consensus of $1.79. Fiserv raised its 2023 guidance for organic revenue growth to 9% - 11% and adjusted EPS to $7.40 - $7.50. Despite the positive news, Fiserv's shares are trading lower by 3.28% at $123.13.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 7:01 pm

ALLE

Allegion (NYSE:ALLE) has received two somewhat bullish and two indifferent ratings from analysts in the last quarter. The average price target for the stock is $126.75, which is higher than its current price of $116.29. This average price target has increased by 6.51% from the previous average of $119.00.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 7:01 pm

SRFM

Surf Air Mobility's shares have started trading.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:00 pm