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Stock Prices

AEO

Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on American Eagle Outfitters Inc (AEO) and raised the price target from $12 to $15. This follows the announcement of the departure of AEO's Chief Operations Officer, Michael Rempell. The company now expects Q2 revenue to be flat Y/Y, better than the previous outlook. The Q2 sales estimate has been raised to $1.198 billion, up from $1.173 billion, and Q2 EPS of $0.14, up from $0.11.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 6:40 pm

LOW

A significant bullish stance has been taken on Lowe's Companies (NYSE:LOW) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split, with 63% bullish and 36% bearish. The targeted price range for Lowe's over the last 3 months is from $190.0 to $240.0. The current price of LOW is down -1.08% at $224.27. Analysts from Argus Research, Citigroup, Wedbush, and Truist Securities have maintained their ratings on Lowe's, with price targets ranging from $230 to $260.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:31 pm

MRK

A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor, as observed in the options history. The overall sentiment among big-money traders is split between 45% bullish and 54% bearish. The targeted price range for Merck & Co over the last 3 months has been $95.0 to $110.0. The current price of MRK is down -0.7% at $104.99. Analysts from Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings respectively, while HSBC has downgraded its action to Hold.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:31 pm

NOW

A significant amount of unusual options activity has been observed for ServiceNow (NYSE:NOW), with a bearish stance taken by a whale investor. Of the 21 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $445,510 and for calls was $1,652,241. Whales have been targeting a price range from $400.0 to $660.0 for ServiceNow over the last 3 months. Several experts have maintained their positive ratings on ServiceNow, with price targets ranging from $600 to $700.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 6:31 pm

AMZN

ASRT

INVO

MESO

TDS

USM

US stocks pared gains with the Dow Jones and S&P 500 turning lower. Amazon shares rose by 10% after reporting strong Q2 results, beating consensus estimates. Missfresh, US Cellular, and Telephone and Data Systems also saw significant gains. However, Mesoblast, Assertio Holdings, and INVO Bioscience shares dropped significantly. The US economy added 187,000 jobs in July, slightly below market estimates.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 6:30 pm

FNKO

Funko's shares are trading lower following the company's Q2 earnings miss and weak guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:25 pm

ADC

ARI

CHCT

CMTG

EQC

FCPT

IRT

LTC

NNN

Several REITs have reported FFO that met or surpassed analyst estimates or were up year-over-year from Q2 2022, but missed on revenue estimates. This could indicate potential recessionary trends, but strong FFO suggests these companies are preparing for possible economic challenges. The REITs include Agree Realty Corp., Apollo Commercial Real Estate, Claros Mortgage Trust, Community Healthcare Trust, Equity Commonwealth, Four Corners Property Trust, Independence Realty Trust Inc., LTC Properties Inc., NNN REIT Inc., and The Weyerhaeuser Co.

Portfolio Pulse from Ethan Roberts

August 04, 2023 | 6:24 pm

ATSG

Air Transport Services Group (ATSG) reported strong Q2 earnings and provided an upbeat forecast for FY23, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:24 pm

MERC

Mercer International's shares are trading higher despite the company reporting a miss on its Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:24 pm

CPS

Cooper-Standard Holdings reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 6:23 pm