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TALO

Talos Energy (NYSE:TALO) announced a significant oil and gas discovery in the Gulf of Mexico, but its shares are trading lower. The Ewing Bank 953 well has found commercial quantities of oil and gas, with production expected by mid-2026. Talos is also involved in the Sebastian prospect, with results expected by late 2024. Despite these developments, TALO stock has lost over 37% in the past year.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 4:50 pm

HIMS

LLY

NVO

Hims & Hers Health, Inc. (HIMS) is offering affordable compounded weight-loss medications as alternatives to Eli Lilly's (LLY) Zepbound and Novo Nordisk's (NVO) Wegovy. This strategy has led to a significant stock price increase for HIMS. However, regulatory challenges may arise as pharmaceutical companies increase production to meet demand, potentially affecting HIMS' business model.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 4:47 pm

VRT

Vertiv Holdings (NYSE:VRT) has seen significant options trading activity, with a total of over $1.2 million in trades detected. The options activity suggests a price range of $50 to $100. Analysts have given positive ratings, with target prices up to $105. The stock is currently down 1.11% at $74.23.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 4:46 pm

SLB

The options market for Schlumberger (NYSE:SLB) shows a bearish sentiment among big-money investors, with 75% of the trades being puts. The price range being targeted is between $35 and $50. Despite this, the stock is currently up 0.12% at $41.37, and an analyst from UBS maintains a Buy rating with a price target of $63.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 4:46 pm

BNO

DBO

OILK

USL

USO

Citi warns that oil prices could fall below $60 per barrel by 2025 if OPEC+ doesn't cut production further, due to reduced demand and increased supply from non-OPEC countries. The market may lose confidence in OPEC+ maintaining the $70 level, and Citi recommends selling into rallies when Brent nears $80. Goldman Sachs also predicts a potential decrease in oil prices due to AI advancements.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 4:42 pm

TSLA

Bill Baruch announced on CNBC that he has increased his position in Tesla by buying December 260 calls and selling December 290 calls, with the catalyst being the upcoming Robotaxi event on October 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 4:40 pm

APIE

AVIV

Toyota Motor Corporation's stock is trading lower as the company expands its collaboration with BMW to advance hydrogen fuel cell technology. The partnership aims to develop new fuel cell systems for vehicles by 2028. Toyota is also part of SiriusXM's new subscription program.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 4:40 pm

AVGO

INTC

IVV

TSM

VOO

Intel's CFO expects significant revenue from its contract chip manufacturing by 2027, despite recent setbacks including a failure to impress Broadcom and losing out to TSMC. Intel's stock has dropped significantly over the past year, and the company is considering strategic changes. Investors can gain exposure to Intel through ETFs like VOO and IVV.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 4:37 pm

ANEW

ANEW MEDICAL has filed a prospectus for the offering and resale of up to 21.5 million shares of common stock, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 4:36 pm

GASS

StealthGas shares rose following the release of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 4:34 pm