Streetbeat News

Stock Prices

TXT

Textron (NYSE:TXT) has received 2 bullish, 1 somewhat bullish, and 1 indifferent rating from analysts in the last quarter. The average price target is $86.0, implying an upside from the current price of $77.405. This average has decreased by 0.58% from the previous average price target of $86.50.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:00 pm

SOFI

SoFi Technologies Inc reported better-than-expected Q2 results and raised its revenue outlook for the second half of the year. The company's Q2 revenue increased 37% YoY to $489 million, beating analyst estimates of $474.6 million. The company also reported a loss of 6 cents per share, which was better than the estimated loss of 7 cents per share. SoFi's CEO, Anthony Noto, highlighted the company's operating leverage and the broadening of its revenue contributors.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 5:57 pm

TLT

The U.S. Treasury's interest expenditures are nearing $1 trillion, surpassing Tesla's entire market valuation. This surge in interest expenses has been driven by Federal Reserve rate hikes and a widening budget deficit. To finance the rising deficit, the U.S. Treasury is expected to issue more government bonds, which could create a difficult supply-demand scenario, affecting market functioning and liquidity. The Ishares 20+ Year Treasury Bond ETF (NASDAQ:TLT) continues to struggle with the impact of rising bond yields, recording fresh lows in 2023.

Portfolio Pulse from Piero Cingari

July 31, 2023 | 5:49 pm

LYFT

UBER

DA Davidson analyst Tom White reiterated a Buy rating for Uber Technologies, Inc (UBER) with a $62 price target. The rating was based on a comparison of trip prices and wait times between Uber and its main competitor, Lyft, Inc (LYFT). Uber's quoted rideshare prices were found to be ~3% lower than Lyft's, and its wait times were 31% shorter on average. Despite Lyft's recent pricing changes and increased US category share, mobile app engagement and download data suggest little change in the market share landscape.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 5:46 pm

SYK

A significant bearish stance has been taken on Stryker (NYSE:SYK) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 94% bearish. The whales have been targeting a price range from $200.0 to $290.0 for Stryker over the last 3 months. Truist Securities and RBC Capital have maintained their Hold and Outperform ratings on Stryker, respectively, with price targets of $310 and $325.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:46 pm

TTD

A significant amount of unusual options activity has been observed for Trade Desk (NASDAQ:TTD), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $70.0 to $105.0 for Trade Desk over the last 3 months. However, expert opinions vary, with some downgrading their action to Sell and others maintaining a Buy or Overweight rating.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:45 pm

IBM

A significant number of investors have taken a bearish stance on IBM (NYSE:IBM), with 75% of detected trades showing bearish expectations. The whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. The current price of IBM is $143.82, up 0.26%. Analysts have mixed opinions, with JP Morgan, Wedbush, and Morgan Stanley downgrading their ratings to Neutral or Equal-Weight, while BMO Capital and Stifel maintain their ratings.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:45 pm

BTCUSD

SPIKE

Bitcoin (BTC) is trading sideways, mirroring the S&P 500's flat performance ahead of big-tech earnings and jobs data. Advanced Micro Devices, Apple, and Amazon's quarterly earnings could significantly impact the stock market. Economic data could also influence the stock and crypto markets. MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (SPIKE), can be used to play potential stock market volatility. Bitcoin is trading in a descending triangle and may break up or down from the triangle on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 5:42 pm

ABL

CNFR

CRD

DGICB

FGF

HRTG

KINS

LMND

OXBR

ROOT

SLQT

UIHC

Insurance stocks showed mixed performance in Monday's intraday session. Gainers included Root (NASDAQ:ROOT), Crawford (NYSE:CRD), SelectQuote (NYSE:SLQT), Lemonade (NYSE:LMND), Kingstone Companies (NASDAQ:KINS), and Abacus Life (NASDAQ:ABL). Losers included FG Finl Gr (NASDAQ:FGF), Donegal Gr (NASDAQ:DGICB), United Insurance Holdings (NASDAQ:UIHC), Oxbridge Re Holdings (NASDAQ:OXBR), Heritage Insurance Hldgs (NYSE:HRTG), and Conifer Holdings (NASDAQ:CNFR).

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:40 pm

URI

United Rentals shares are trading higher after Barclays maintained an Underweight rating on the stock but raised its price target from $315 to $325.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:38 pm