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AMT

American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 8.53% on an annualized basis, producing an average annual return of 16.38%. If an investor had bought $1000 of AMT stock 20 years ago, it would be worth $21,266.88 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:00 pm

In the last quarter, Foot Locker (NYSE:FL) received a mix of bullish, somewhat bullish, and indifferent ratings from analysts. Over the past 3 months, 20 analysts have offered 12-month price targets for Foot Locker, with an average price target of $36.95, a decrease of 16.85% from the previous average price target of $44.44.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:00 pm

PWR

Quanta Services (NYSE:PWR) has received 7 analyst ratings in the last quarter, with 4 being somewhat bullish and 3 indifferent. The company's average 12-month price target is $188.86, which has increased by 9.53% over the past month.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:00 pm

GHG

GreenTree Hospitality Group Ltd. (NYSE:GHG) reported preliminary Q1 2023 results, expecting revenues of $54 million-$56.7 million. The company opened 91 new hotels, and total revenues from organic hotels increased by 16.8% YoY to $36.8 million. The revenue per available room (RevPAR) recovered to 94.3% of its Q1 2019 level. The restaurant business is estimated to have generated a combined unaudited revenue of about $17.3 million to $19.9 million. GHG shares are trading higher by 2.85% to $5.42.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 3:57 pm

BTCUSD

MSTR

MicroStrategy (NASDAQ:MSTR) may sell its Bitcoin holdings in the event of severe price drops, particularly around the time its debt is due in mid-2025, according to a report from Bernstein. The company currently holds approximately 152,000 Bitcoin, which cost about $4.5 billion. Berenberg Capital Markets analysts have raised their price target for MicroStrategy from $430 to $510 due to a more favorable environment for Bitcoin's institutional adoption.

Portfolio Pulse from Murtuza Merchant

July 12, 2023 | 3:56 pm

WFC

Wells Fargo & Co (WFC) shares are trading higher by 1.12% amid overall market strength following a lighter-than-expected June inflation report. The company's second-quarter earnings report is expected on Friday, with an estimated revenue of $20.08 billion and EPS of $1.17. The U.S. CPI inflation in June decelerated more than anticipated, reinforcing investor expectations of a single rate hike by the Federal Reserve.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 3:55 pm

SOFI

SoFi Techs has an option alert for January 19 with $10 calls sweep near the ask price of $1.45. This is compared to an open interest of 51,219. The company's earnings will be announced on July 31 before the market opens. The reference price is $9.085.

Portfolio Pulse from Charles Gross

July 12, 2023 | 3:55 pm

AEM

FSM

GATO

GFI

GOLD

HMY

NEM

PAAS

SBSW

WPM

Precious metals stocks are trading higher as gold and silver prices increase due to a drop in the US dollar following soft June inflation data. Stocks mentioned include AEM, AU, FSM, GATO, GFI, GOLD, HL, HMY, NEM, PAAS, SBSW, WPM.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:50 pm

CAT

A significant investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 57% of recent trades being bearish and 42% bullish. The trades have targeted a price range of $210 to $270 for Caterpillar over the last 3 months. The current price of CAT is $255.15, up 0.91%, and RSI indicators suggest the stock may be approaching overbought. DA Davidson has downgraded its action to Neutral with a price target of $263.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:48 pm

AZO

A significant amount of unusual options activity has been detected for AutoZone (NYSE:AZO), with a majority of investors taking a bearish stance. Of the 11 strange trades detected, 36% were bullish and 63% were bearish. The trades included 4 puts worth $183,340 and 7 calls worth $294,967. Whales have been targeting a price range from $2160.0 to $2650.0 for AutoZone over the last 3 months. The current price of AZO is up 0.59% at $2568.19, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:48 pm