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DDOG

Shares of Datadog (DDOG) are trading higher due to a rebound in cybersecurity stocks.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:30 pm

TJX

TJX Companies (NYSE:TJX) has outperformed the market over the past 15 years, producing an average annual return of 16.49%. If an investor had bought $1000 of TJX stock 15 years ago, it would be worth $9,667.14 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:30 pm

NEE

NextEra Energy (NYSE:NEE) has outperformed the market over the past 20 years by 4.03% on an annualized basis, producing an average annual return of 11.88%. If an investor had bought $100 of NEE stock 20 years ago, it would be worth $950.52 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:30 pm

IMAX

Imax Corp (NYSE:IMAX) plans to acquire 96.3 million shares in its Hong Kong-listed subsidiary, IMAX China, for around $124 million. The deal is expected to unlock annual public company cost savings of around $2 million and tax efficiencies. Analysts from Benchmark, Wedbush, and Rosenblatt maintain positive outlooks for IMAX, with price targets of $23, $26, and $27 respectively. IMAX expects significant growth in FY23, and analysts believe the company is well-positioned to benefit from the theatrical rebound in 2023.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 6:29 pm

BTBT

CAN

CIFR

CLSK

EBON

Crypto-related stocks are trading higher following a US judge's ruling that Ripple sales do not constitute an offer of investment contracts.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:28 pm

SBAC

BMO Capital Markets analyst Ari Klein initiated coverage of SBA Communications Corp (NASDAQ:SBAC) with a Market Perform rating and a price target of $260. Klein is bullish on SBAC's position as a pure-play tower REIT and expects the company to see a sector-leading dividend CAGR of 18% from 2022-2025. However, he also notes that SBAC has the highest leverage among its peers and expresses concern about its a-la-carte leasing approach.

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 6:27 pm

BAC

T

AT&T Inc (NYSE:T) is currently trading near multi-decade lows, but there may be an opportunity for investors to capitalize on both potential capital appreciation and its dividends. AT&T's CFO Pascal Desroches recently reassured investors about the company’s financial health at the Bank of America Corp (NYSE:BAC) C-Suite Technology, Media and Telecommunications Conference. Desroches reiterated AT&T’s free cash flow target of $16 billion or more for 2023. The projected cash flow, combined with AT&T’s trading at near historic lows, may present an appealing opportunity for yield-seeking investors.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 6:27 pm

GREE

RealDefense has acquired Support.com from Greenidge, leading to a rise in Greenidge's stock.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:24 pm

CSCO

A large investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 18 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $47.5 to $65.0 for Cisco Systems over the last 3 months. B of A Securities and Citigroup have both downgraded their action to Neutral with price targets of $56 and $54 respectively.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:21 pm

BA

A significant number of investors have taken a bearish stance on Boeing (NYSE:BA), with 68% of detected trades showing bearish expectations. The whales have been targeting a price range from $120.0 to $300.0 for Boeing over the last 3 months. The current price of BA is $217.71, with RSI indicators suggesting a neutral position. Morgan Stanley and RBC Capital have both downgraded their action to Equal-Weight and Sector Perform respectively, with a price target of $220.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:21 pm