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REGN

A significant investor has taken a bearish stance on Regeneron Pharmaceuticals (NASDAQ:REGN), with 70% of recent trades being bearish. The targeted price range for the company over the last three months has been $690.0 to $810.0. The current price of REGN is up 1.11% at $726.48. Analysts from Truist Securities, Baird, Cantor Fitzgerald, and Barclays have maintained their ratings, with price targets ranging from $760 to $1045.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:46 pm

META

Analysts from JMP Securities, Goldman Sachs, and Credit Suisse have maintained positive ratings on Meta Platforms Inc (NASDAQ:META) and raised their price targets. The analysts cited strong engagement trends, improving ad performance driven by AI, and a stable advertising environment as reasons for their optimism. They also highlighted the potential of products like Reels and AI, and the increased adoption of Advantage+ for ads. The analysts expect Meta's revenue growth to be driven by core Facebook and Instagram, as well as the monetization of WhatsApp, Messenger, and Reels.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 7:44 pm

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading higher following better-than-expected Q2 financial results. The company reported a 57% surge in profit to $4.9 billion, largely due to increased interest payments from customers. The bank's net interest income grew by 29% to $13.16 billion, facilitated by banks raising borrowing costs in response to Federal Reserve rate hikes. The consumer and small business banking sector reported earnings of $6.6 billion, a 19% increase from the previous year.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 7:39 pm

BAC

Bank of America Corp (BAC) shares are trading higher by 1.01% to $29.41. The rise is attributed to last week's strong earnings from JPMorgan and Wells Fargo. The market is anticipating Bank of America's second-quarter earnings report, expected to be released on Tuesday. The company is projected to report EPS of 84 cents on revenue of $25.05 billion.

Portfolio Pulse from Henry Khederian

July 17, 2023 | 7:38 pm

ROKU

Benchmark analyst Daniel Kurnos has reiterated a Buy rating for Roku Inc (NASDAQ:ROKU) with a $89 price target. Kurnos believes that Roku's shift in investment strategy to focus on leverage is underappreciated and predicts a significant increase in free cash flow within the next 12-18 months. Despite potential near-term revenue challenges due to planned marketing spend reductions at networks, Kurnos sees Roku's importance within the ecosystem solidifying and expects growth acceleration in 2024 and beyond.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 7:38 pm

NXPI

Deutsche Bank has maintained a Buy rating on NXP Semiconductors and raised its price target from $200 to $230, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 7:36 pm

XYL

Over the past 10 years, Xylem (NYSE:XYL) has outperformed the market by 4.14% on an annualized basis, producing an average annual return of 14.45%. If an investor had bought $100 of XYL stock 10 years ago, it would be worth $383.48 today. Xylem currently has a market capitalization of $26.51 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

ICE

Intercontinental Exchange (NYSE:ICE) has outperformed the market over the past 15 years, producing an average annual return of 12.71%. If an investor had bought $1000 of ICE stock 15 years ago, it would be worth $6,532.40 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

MCHP

Microchip Technology's (NYSE:MCHP) short percent of float has risen 5.24% since its last report, with 19.70 million shares sold short, which is 4.22% of all regular shares available for trading. It would take traders 4.23 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.67%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

SYK

Stryker's (NYSE:SYK) short percent of float has risen 21.84% since its last report, with 3.76 million shares sold short, which is 1.06% of all regular shares available for trading. It would take traders 2.75 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Stryker's peer group average for short interest as a percentage of float is 3.34%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm