Streetbeat News

Stock Prices

CVS

A significant bullish stance has been taken on CVS Health (NYSE:CVS) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 76% bullish and 23% bearish. The whales have been targeting a price range from $60.0 to $87.5 for CVS Health over the last 3 months. Several financial institutions have maintained their positive ratings on CVS Health, with price targets ranging from $88 to $106.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:47 pm

BBY

COST

KSS

TGT

The U.S. Department of Commerce's June Retail Sales report is expected to show a 1.1% year-over-year dip and a 0.5% month-over-month increase. Auto industry sales surged 21% to 1.38 million units in June, marking the third-highest sales pace this year. Nonfarm payrolls rose 209,000, missing expectations of 225,000. Retail stocks have shown mixed performance, with Costco, Best Buy, and Kohl's gaining, while Target fell.

Portfolio Pulse from AJ Fabino

July 17, 2023 | 5:43 pm

PLTR

Shares of Palantir Technologies Inc (NYSE:PLTR) are trading higher, adding to gains of over 95% in the last three months. The rally is driven by optimism surrounding the future of AI, with Palantir reporting strong demand for its new AI platform. The company's shares accelerated in May after better-than-expected quarterly results and guidance for continued profitability in 2023. Palantir's CEO reiterated the high demand for its AI products at the company's first AIPCon in June.

Portfolio Pulse from Adam Eckert

July 17, 2023 | 5:42 pm

ACGL

ACGLN

AFGB

AIZN

BHG

LMND

MHLA

PGR

TIRX

TRUP

UIHC

Insurance stocks showed mixed performance in Monday's intraday session. Lemonade, Trupanion, F&G Annuities & Life, Arch Capital Group, Progressive, and United Insurance Holdings were the gainers, while Maiden Holdings, Tian Ruixiang Holdings, American Financial Group, Arch Capital Group, Assurant, and Bright Health Gr were the losers.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:40 pm

BFAM

BMO Capital Markets analyst Jeffrey M. Silber has downgraded Bright Horizons Family Solutions Inc (NYSE:BFAM) to Market Perform from Outperform with a price target of $99. Silber believes that consensus estimates for 2024 may be too high due to government funding roll-off headwinds. He expects BFAM to recover from the pandemic but thinks the stock may have gotten ahead of itself. Silber estimates adjusted EPS of $2.68 in 2023 vs. consensus of $2.83 and BFAM's guidance of $2.80-$3.00. BFAM shares are trading lower by 3.13% at $92.75.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 5:36 pm

BAC

COIN

HOOD

PNC

SOFI

SYF

UPST

WFC

Benzinga's options activity scanner has identified unusual options activity in the financial sector. The stocks with notable options activity include Robinhood (HOOD), Bank of America (BAC), Wells Fargo (WFC), Blackstone (BX), Coinbase (COIN), SoFi (SOFI), Synchrony Financial (SYF), Morgan Stanley (MS), Upstart (UPST), and PNC Financial Services (PNC). The activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:35 pm

ABNB

MAT

MCD

OSTK

SBUX

TOL

TSLA

TXRH

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Ford (F), Li Auto (LI), Airbnb (ABNB), Texas Roadhouse (TXRH), McDonald's (MCD), Overstock.com (OSTK), Toll Brothers (TOL), Mattel (MAT), and Starbucks (SBUX). The activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:35 pm

AAPL

AMAT

AVGO

ENPH

IONQ

NVDA

PLTR

QCOM

RIOT

TWLO

Benzinga's options activity scanner has identified significant trading activity in the options of 10 information technology stocks. The stocks include NVDA, RIOT, ENPH, PLTR, AAPL, TWLO, AVGO, QCOM, IONQ, and AMAT. The options activity ranges from bullish to neutral sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:35 pm

CMG

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Chipotle Mexican Grill, Inc. (CMG), raising the price target to $2,350 from $2,050. Bittner is optimistic about CMG's risk/reward and sees a compelling case for SSS, margin, and EPS upside through 2024. The bullish stance is supported by accelerating unit growth, solid cash flow, and a debt-free balance sheet. Bittner also raised 2023E/2024E EPS to $45.39/$54.87 from previous estimates of $44.03/$53.38.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 5:32 pm

ENPH

RUN

TAN

Sunrun Inc's shares rose by over 10% following a price target increase from Morgan Stanley. The clean-energy company's price target was raised to $39 from $30. The Invesco Solar ETF also traded up by over 4%. Other clean energy stocks, like Enphase Energy Inc, also traded higher.

Portfolio Pulse from Aaron Bry

July 17, 2023 | 5:32 pm