Streetbeat News

Stock Prices

GM

A significant bullish stance has been taken on General Motors (NYSE:GM) by an unknown entity, with 10 options trades spotted, split 50% bullish and 50% bearish. The price target for GM over the last 3 months has been between $31.0 to $40.0. The current price of GM is up 2.36% at $39.19. Barclays, Wells Fargo, Morgan Stanley, and Mizuho have maintained their ratings on GM with price targets of $46, $32, $41, and $40 respectively.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:32 pm

TSM

A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $70.0 to $140.0 for Taiwan Semiconductor over the last 3 months. Susquehanna maintains a Positive rating on TSM with a price target of $135, while Needham downgraded its action to Buy with a price target of $118.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:31 pm

NOC

A significant bearish stance has been taken on Northrop Grumman (NYSE:NOC) by a large investor, as observed in the publicly available options history. The overall sentiment of these big-money traders is 86% bearish. The whales have been targeting a price range from $220.0 to $460.0 for Northrop Grumman over the last 3 months. The price of NOC is currently down -4.39% at $437.11.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:31 pm

URGN

Shares of UroGen Pharma have resumed trading.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 2:31 pm

LUV

B of A Securities analyst Andrew Didora has downgraded Southwest Airlines (NYSE:LUV) from Buy to Neutral and lowered the price target from $45 to $35.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 2:30 pm

HDB

HDFC Bank (NYSE:HDB) has outperformed the market over the past 20 years, producing an average annual return of 9.41%. If an investor had bought $1000 of HDB stock 20 years ago, it would be worth $6,262.59 today. The bank currently has a market capitalization of $175.05 billion.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:30 pm

AME

AMETEK (NYSE:AME) has outperformed the market over the past 5 years, producing an average annual return of 15.38%. If an investor had bought $1000 of AME stock 5 years ago, it would be worth $2,091.09 today. The company currently has a market capitalization of $36.67 billion.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:30 pm

SPY

UNG

The USA Natural Gas Storage reported a 16B figure, which is lower than the estimated 19B and the prior figure of 41B.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 2:30 pm

INMD

InMode Ltd (NASDAQ:INMD) reported Q2 sales of $136.1 million, a 20% Y/Y increase, beating the consensus of $132 million. Adjusted EPS reached $0.72, compared to $0.59 a year ago, beating the consensus of $0.64. The company expects FY23 sales of $530 million-$540 million compared to the consensus of $533.1 million. INMD shares are up 6.04% at $47.82.

Portfolio Pulse from Vandana Singh

July 27, 2023 | 2:30 pm

FXE

The European Central Bank (ECB) has increased its key interest rates by 25 basis points, marking the ninth consecutive rate hike over the past year. The ECB deposit rate rose to 3.75%, the highest level since April 2001, and the interest rate on main refinancing operations rose to 4.25%, the highest since October 2008. The ECB also decided to cut the remuneration on minimum bank reserves to 0%. The euro fell in reaction to the ECB meeting, with the Invesco CurrencyShares Euro Currency Trust (NYSE:FXE) also dropping by 0.8%.

Portfolio Pulse from Piero Cingari

July 27, 2023 | 2:28 pm