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HBAN

Huntington Bancshares Inc. (NASDAQ:HBAN) reported Q2 2023 earnings with revenues of $1.84 billion and EPS of $0.35, beating consensus. However, the company reduced its 2023 guidance for net interest income and noninterest income. Analysts from Raymond James, Stephens & Co., and RBC Capital Markets have given mixed reactions, with price target adjustments and rating changes.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 6:40 pm

CVKD

Cardenal Therapeutics has filed a Form S-1 for the resale of up to 8.85 million shares of common stock at $0.001 per share by the selling stockholders. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:38 pm

CTGO

Contango ORE has announced the pricing of a $30.4 million underwritten public offering of 1.6 million shares of its common stock at a price of $19 per share. Following the announcement, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:37 pm

HRTX

Heron Therapeutics has announced a cost reduction plan and a corporate restructuring that is expected to result in cash savings of approximately $75 million through 2025. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:37 pm

LTH

Mizuho analyst John J. Baumgartner has reiterated a Buy rating on Life Time Group Holdings, Inc. (NYSE:LTH), raising the price target to $25 from $23. The analyst expects an in-line Q2 EPS and potential upside to FY23 EBITDA guidance due to moderate macro headwinds and structural growth. LTH is also benefitting from overhead cost reductions and enhanced responsiveness and cost controls. The analyst is confident in LTH's same-store sales growth and reported net pricing realization. LTH shares are trading higher by 1.55% to $21.59.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 6:34 pm

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