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ABNB

Airbnb's stock is trading lower due to a weak outlook from travel-related sectors such as cruises and airlines.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:12 am

ARCB

YELL

Stifel analyst J. Bruce Chan has reiterated a Buy rating on ArcBest Corporation (ARCB), raising the price target to $134 from $125. ArcBest is expected to benefit from the potential liquidation of industry peer Yellow Corporation (YELL). Despite recent Q2 results falling below consensus, the company's new 'dynamic pricing' freight strategy and industry tailwinds are expected to aid earnings growth and margin expansion.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 10:12 am

BTCUSD

ETHUSD

GME

GameStop has announced that it will end support for its native crypto wallets by November 1, according to a Blockworks report. This decision could potentially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:12 am

JD

A significant bearish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $30.0 to $61.26 for JD.com over the last 3 months. The price of JD is currently down -2.92% at $40.1. Benchmark has maintained their Buy rating on JD.com, with a price target of $73.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:12 am

ADMP

AMSC

CAT

POL

TGTX

YELL

ZI

The Dow Jones gained over 50 points, while NASDAQ and S&P 500 fell. Caterpillar Inc reported better-than-expected Q2 results with a 21.6% YoY revenue increase to $17.32 billion, beating the consensus of $16.50 billion. Yellow Corporation shares shot up 117% on news of bankruptcy preparations. American Superconductor Corporation shares rose 63% amid claims of a new superconductor. Adamis Pharmaceuticals shares gained 174% after being listed on the Regulation SHO 'threshold security' list. Polished.com shares dropped 68% after announcing restated and delayed financial statements. TG Therapeutics shares were down 47% after reporting Q2 FY23 Briumvi net sales of $16 million in the U.S. ZoomInfo Technologies shares fell 26% after issuing weak guidance.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 10:12 am

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 29% bullish and 70% bearish. The whales have been targeting a price range from $1500.0 to $4300.0 for Booking Holdings over the last 3 months. The current price of BKNG is down -1.23% at $2934.39. Analysts from Barclays, Jefferies, Oppenheimer, Morgan Stanley, and JMP Securities have maintained their ratings on Booking Holdings with varying price targets.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:11 am

PANW

A significant amount of unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a majority of investors taking a bullish stance. The price target range for the company, based on volume and open interest, is between $230 and $380. The company's stock is currently priced at $253.75, up 1.52%. Several financial institutions, including Goldman Sachs, Keybanc, Northland Capital Markets, Oppenheimer, and RBC Capital, have maintained positive ratings on Palo Alto Networks.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:11 am

TMUS

A significant amount of unusual options activity has been observed for T-Mobile US (NASDAQ:TMUS), with a bearish stance being more prevalent. Of the 21 strange trades detected, 57% were bearish and 42% bullish. The total amount for puts was $680,707 and for calls, $542,973. Whales have been targeting a price range from $130.0 to $150.0 for T-Mobile US over the last 3 months. TD Cowen has maintained their Outperform rating on T-Mobile US with a price target of $210, while Benchmark downgraded its action to Buy with a price target of $200.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:11 am

SBUX

Starbucks Corporation (NASDAQ:SBUX) is set to release its Q3 financial results. Analysts estimate earnings per share of 95 cents on revenues of $9.291 billion. Wedbush analyst Nick Setyan maintained a Neutral rating and raised the price target from $110 to $112. The stock's performance is neutral, trading close to the 200-day simple moving average (SMA). A bullish reaction to its earnings print could negate its downtrend, while a bearish reaction could extend the downtrend.

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 10:11 am

ZBH

Zimmer Biomet Holdings reported its Q2 financial results and issued FY23 guidance, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:11 am