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YELL

Shares of Yellow Corp (YELL) surged by 27% after a potential strike by Teamsters at YRC Freight and Holland was averted. The successful negotiation of labor issues has led to a positive market response.

Portfolio Pulse from Charles Gross

July 24, 2023 | 6:32 pm

VLO

A significant bullish stance has been taken on Valero Energy (NYSE:VLO) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 51% bullish and 48% bearish. The whales have been targeting a price range from $75.0 to $150.0 for Valero Energy over the last 3 months. Morgan Stanley, JP Morgan, and B of A Securities have given positive ratings and high price targets for the company.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:31 pm

JPM

A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 62% of recent trades being bearish and 37% bullish. The total amount for puts was $326,815 and for calls was $1,726,828. Whales have been targeting a price range from $130.0 to $170.0 for JPMorgan Chase over the last 3 months. The current price of JPM is up 2.15% at $158.28, with RSI indicators suggesting the stock may be overbought.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:31 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 15 years, producing an average annual return of 19.7%. If an investor had bought $1000 of SHW stock 15 years ago, it would be worth $15,383.58 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:30 pm

APO

Apollo Global Management (NYSE:APO) has outperformed the market over the past 10 years by 1.45% on an annualized basis, producing an average annual return of 11.88%. If an investor had bought $100 of APO stock 10 years ago, it would be worth $304.44 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:30 pm

RIVN

Rivian Automotive has seen a significant option alert with Friday $25 calls sweep near the ask of 1000 @ $1.63 versus an open interest of 10601. The company's earnings are expected to be announced after close on 8/8. The reference price is $26.07.

Portfolio Pulse from Charles Gross

July 24, 2023 | 6:24 pm

RIVN

Rivian Automotive has an option alert for October 20 $37.5 calls at the ask price of $1.25 for 400 shares, compared to an open interest of 1455. The company's earnings will be announced after close on August 8. The reference price is $26.09.

Portfolio Pulse from Charles Gross

July 24, 2023 | 6:22 pm

AXP

YOU

Clear Secure Inc's stock is trading higher after Needham analyst Joshua Reilly reiterated a Buy recommendation with a $40 price target. The analyst believes that the company's growth is more sustainable than investors expect and profitability at scale will also surprise the upside. Key bull points include the sustainability of the travel boom post-COVID-19, a large enough TAM to double subscribers over time, and attractive unit economics driving long-term FCF leverage. The analyst also noted that the valuation of Clear Secure at 20x EV/FCF based on the FY23 consensus estimate discounts a slowdown in travel and Amex bookings.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 6:20 pm

RF

Regions Financial Corp (NYSE:RF) reported mixed Q2 2023 results, with revenue growth of 12% Y/Y to $1.957 billion, beating the consensus of $1.95 billion, and EPS of $0.59, in line with the consensus. Analysts from DA Davidson, Morgan Stanley, RBC Capital, and Wedbush have revised their price targets and EPS estimates for the company. RF shares are trading higher by 1.83% at $20.08.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 6:17 pm

SLB

Susquehanna analyst Charles P. Minervino has reiterated a Positive rating on Schlumberger N.V. (NYSE:SLB), raising the price target to $68 from $65. The analyst is bullish about long-term demand from the Middle East, which he sees as a compelling opportunity for SLB. Despite a slight miss on Q2 FY23 revenue, SLB reported a 19.6% YoY increase to $8.10 billion and a 44% YoY increase in adjusted EPS to $0.72. Minervino expects SLB to play a key role in global energy trends and sees a long-term runway for earnings growth.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 6:15 pm