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HON

A significant bearish stance has been taken on Honeywell Intl (NASDAQ:HON) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 25% bullish and 75% bearish. The whales have been targeting a price range from $195.0 to $220.0 for Honeywell Intl over the last 3 months. The price of HON is currently down -0.68% at $208.26.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:16 pm

MRVL

A significant bearish stance has been observed in Marvell Tech's options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $80.0 for Marvell Tech over the last 3 months. The company's stock price is currently down by 0.3% at $63.71. Analysts from Stifel, Barclays, and Keybanc have maintained their positive ratings on Marvell Tech, with price targets of $75 and $80, while Wolfe Research downgraded its action to Outperform with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:16 pm

FLEX

Flex has projected its FY24 revenue to be between $30.5B and $31.5B, compared to the estimated $30.88B. The company also anticipates its adjusted EPS to be $2.35-$2.55, versus the estimated $2.43.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:15 pm

ILLM

Illumin Holdings Inc has announced its intention to delist from the Nasdaq Stock Market and launch a substantial issuer bid. The company's stock symbol is ILLM.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:15 pm

FLEX

Flex Ltd. has projected its Q2 2024 revenue to be between $7.3B and $7.7B, compared to the estimated $7.64B. The company also anticipates its adjusted EPS to be between $0.55 and $0.60, versus the estimated $0.58.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:14 pm

NOW

ServiceNow (NYSE:NOW) reported Q2 earnings of $2.37 per share, beating the analyst consensus estimate of $2.05 by 15.61%. This is a 46.3% increase from the same period last year. The company also reported quarterly sales of $2.15 billion, beating the analyst consensus estimate of $2.13 billion by 0.94%. This is a 22.72% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:12 pm

STX

Seagate Technology has projected its Q1 2024 revenue to be around $1.55B, which is lower than the estimated $1.74B. The company also expects its adjusted EPS to be around $(0.16), which is lower than the estimated $0.07.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:11 pm

CMG

Chipotle Mexican Grill, Inc. (CMG) expects its Q3 comparable restaurant sales to grow in the low to mid-single digit range.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 8:11 pm

LRCX

Lam Research reported Q4 adjusted earnings of $5.98 per share, beating the analyst consensus estimate of $5.07 by 17.95%. However, this is a 32.28% decrease from the same period last year. The company also reported quarterly sales of $3.21 billion, beating the estimate of $3.13 billion by 2.46%, but this is a 30.82% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:11 pm

META

Meta Platforms Inc. has reduced its capital expenditure (Capex) guidance for 2023 from the range of $30 billion-$33 billion to $27 billion-$30 billion.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 8:07 pm