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Stock Prices

DIS

Needham analyst Laura Martin has reiterated a Hold rating on Walt Disney Co (NYSE:DIS), citing that consensus estimates for the company are too high due to losses in Direct-to-Consumer (DTC) and weak earnings from linear TV and box office. Martin lowered her 3Q FY23 estimates for DIS, expecting revenues of $14.7 billion, operating income of $3.2 billion, and adjusted EPS of $1.06. She also provided estimates for various segments of Disney's business, including Linear Networks, DTC, Content Sales/Licensing, and Disney Parks, Experiences, and Products.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 5:57 pm

EWJ

VNQ

XLE

XLU

A screening of large-cap ETFs revealed the week's winners and losers. Energy Select Sector SPDR Fund (XLE) and Vanguard Real Estate ETF (VNQ) saw gains of 3.50% and 3.43% respectively, while Utilities Select Sector SPDR Fund (XLU) and iShares MSCI Japan ETF (EWJ) saw losses of 1.94% and 1.51% respectively. XLE's largest holdings are Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX), while VNQ's are Vanguard Real Estate II Index Fund Institutional Plus Shares (VRTPX) and Prologis, Inc. (PLD). XLU's largest holdings are NextEra Energy, Inc. (NEE) and Southern Company (SO), and EWJ's are Toyota Motor Corp. (TM) and Sony Group Corporation (SONY).

Portfolio Pulse from Johnny Rice

June 30, 2023 | 5:52 pm

IWD

IWR

SPY

VOO

Large-cap ETFs VOO and SPY added $1.99 billion and $1.67 billion in net assets respectively over the trailing week, while IWD and IWR lost $4.31 billion and $1.54 billion respectively. VOO and SPY's largest holdings are Apple and Microsoft, while IWD's are Berkshire Hathaway and Exxon Mobil, and IWR's are DexCom and Marvell Technology.

Portfolio Pulse from Johnny Rice

June 30, 2023 | 5:51 pm

WBD

A significant bullish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. Whales have been targeting a price range from $12.0 to $12.5 for Warner Bros. Discovery over the last 3 months. Morgan Stanley has maintained their Equal-Weight rating on Warner Bros. Discovery, with a price target of $14.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

JNJ

A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 21% bullish and 78% bearish. The whales have been targeting a price range from $150.0 to $175.0 for JNJ over the last 3 months. The current price of JNJ is up 1.04% at $165.8. Mizuho maintains a Buy rating on JNJ.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

ISRG

A large bearish position has been taken on Intuitive Surgical (NASDAQ:ISRG), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $173.33 to $450.0 for Intuitive Surgical over the last 3 months. BTIG has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $326.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

FANH

HALL

HCI

IGIC

ITIC

KFS

PUK

SKWD

SLQT

TIRX

TRUP

WDH

During Friday's intraday session, insurance stocks saw significant movement. Gainers included SelectQuote (SLQT), Investors Title (ITIC), Hallmark Financial Services (HALL), Fanhua (FANH), Prudential (PUK), and Skyward Specialty (SKWD). Losers included Waterdrop (WDH), Tian Ruixiang Holdings (TIRX), HCI Group (HCI), Trupanion (TRUP), Kingsway Financial Services (KFS), and International General Insurance (IGIC).

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:40 pm

EIGR

Eiger BioPharmaceuticals' stock price is trading higher following Baird's decision to raise its price target from $3 to $5. This comes after the company announced a reorganization and portfolio prioritization.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 5:40 pm

ABBV

AMGN

BIIB

CVS

GILD

ISRG

MDRX

MRNA

PFE

TMO

Benzinga's options activity scanner has identified significant trading activity in the options of ten healthcare stocks. The stocks are CVS, MDRX, MRNA, AMGN, ABBV, GILD, BIIB, PFE, TMO, and ISRG. The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:39 pm

AAPL

QQQ

The Nasdaq 100 Index has marked its second-best 6-month performance in history, with a 39% gain, largely due to Apple Inc's surge back to a $3 trillion market cap. The index, tracked by the Invesco QQQ Trust, has fully recouped losses from the Federal Reserve's 500 basis-point rate hikes over the past fifteen months. However, the performance mirrors the dot-com bubble of 1999, sparking concerns of a potential downturn.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 5:39 pm