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QQQ

Global markets experienced increased volatility following a report that the Bank of Japan (BoJ) was ready to tweak its yield curve control (YCC) policy. This led to a rally in the Japanese yen against the U.S. dollar, increased global bond yields, and a decline in global stock markets. The S&P 500, Dow Jones Industrial Average, and the Invesco QQQ Trust (NYSE:QQQ) all fell. However, the BoJ decided to retain its benchmark short-term interest rate and 10-year bond yields, leading to a reversal in market fluctuations.

Portfolio Pulse from Piero Cingari

July 28, 2023 | 5:26 pm

CP

Susquehanna analyst Bascome Majors maintains a positive outlook on Canadian Pacific Kansas (NYSE:CP), raising the price target from $95 to $98.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 5:26 pm

IONQ

IonQ shares are trading higher due to rumors of the stock being mentioned in a newsletter.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:25 pm

SOI

Solaris Oilfield Infrastructure reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:21 pm

OKYO

OKYO Pharma has announced a new agreement with Tufts Medical Center to conduct a 40-patient open-label clinical trial evaluating the efficacy and safety of OK-101 in patients with neuropathic corneal pain. This has led to a rise in OKYO Pharma's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:19 pm

CSCO

A significant amount of unusual options activity has been detected for Cisco Systems (NASDAQ:CSCO), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $55.0 for Cisco Systems over the last 3 months. The company's stock price is currently down by 1.77% at $52.06. Analysts have mixed opinions, with JP Morgan upgrading its action to Overweight with a price target of $62, while B of A Securities, Citigroup, and Exane BNP Paribas have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:15 pm

UPS

A significant bullish stance has been taken on United Parcel Service (NYSE:UPS) as evidenced by unusual options activity. The options scanner at Benzinga spotted 12 uncommon trades, split evenly between bullish and bearish sentiment. The trades included 4 puts amounting to $326,060 and 8 calls amounting to $2,875,317. The targeted price range for UPS over the last 3 months has been $175.0 to $200.0. Meanwhile, Morgan Stanley has downgraded UPS to Underweight with a price target of $100.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:15 pm

F

Ford Motor Company has recalled 870,000 F-150 trucks in the US due to a potential wiring issue that could activate the electric parking brake. The recall covers F-150 trucks from 2021 through 2023 equipped with a single exhaust system. Ford has received 918 warranty claims and three field reports for the wire chafing condition in North America. The company's shares are trading lower by 4.5% to $13.12.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 5:14 pm

TRP

TD Securities has downgraded TC Energy (NYSE:TRP) from Buy to Hold and lowered the price target from $62 to $50. The downgrade was announced by analyst Linda Ezergailis.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:14 pm

TREE

LendingTree's stock is trading higher after Needham maintained a Buy rating on the stock and increased the price target from $20 to $27.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:14 pm