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Meta Platforms Inc (NASDAQ:META) shares are trading higher after New Street Research analyst Dan Salmon upgraded the stock from Neutral to Buy with a $350 price target. The upgrade was due to the release of Llama 2, developed in conjunction with Microsoft Corp (NASDAQ: MSFT) and Qualcomm Inc (NASDAQ:QCOM), and the positive takeaways from Meta's AI Speaker Series. The analyst also noted the potential for monetization of WhatsApp and Messenger and the company's Metaverse initiatives.

Portfolio Pulse from Anusuya Lahiri

July 25, 2023 | 2:20 pm

ORLY

O'Reilly Automotive Inc.'s (NASDAQ:ORLY) stock price is currently at $950.00, after a 0.83% decrease. However, over the past month, the stock has increased by 1.56%, and in the past year, by 37.80%. The company's P/E ratio of 27.73 is higher than the aggregate P/E ratio of the Specialty Retail industry (19.06), indicating that the stock may be overvalued. The P/E ratio is a useful metric for analyzing a company's market performance, but it should not be used in isolation.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 2:15 pm

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) has begun rolling out four-carrier aggregation for customers, boosting speeds on its 5G standalone (SA) network. The new technology allows T-Mobile to combine multiple 5G channels to deliver greater speed and performance. The service is live in parts of T-Mobile's network now and will be available nationwide in the coming weeks. Customers with the Samsung Galaxy S23 will be the first to experience four-carrier aggregation with more devices to follow.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:14 pm

DKNG

DraftKings' shares are trading higher following TD Cowen's decision to maintain an Outperform rating on the stock and increase its price target from $30 to $35.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:14 pm

UBER

An option alert has been issued for Uber Technologies, with October 20 $52.5 calls sweep near the ask price. The volume of this option is 148 at $2.03, compared to the open interest of 3914. The reference price is $47.47.

Portfolio Pulse from Charles Gross

July 25, 2023 | 2:12 pm

SNPS

Investor Business Daily SwingTrader has reportedly purchased Synopsys (SNPS) stock.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:12 pm

DDOG

Datadog's stock has been upgraded from Peer Perform to Outperform by Wolfe Research, which also set a new price target of $140. This has resulted in Datadog shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:11 pm

PCAR

PACCAR Inc. reported a 24.4% YoY increase in Q2 FY23 sales to $8.44 billion, beating the consensus of $8.23 billion. The company's Financial Services revenues rose 18.1% to $439.8 million. Global truck deliveries increased to 51,900 units from 46,900 units in the year-ago period. The company also announced an 8% increase in the regular quarterly cash dividend from $0.25 to $0.27 per share. Despite the positive report, PCAR shares are trading lower by 4.6%.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 2:10 pm

MSCI

MSCI's shares are trading higher following the company's Q2 results, which exceeded expectations.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 2:09 pm

PKG

Packaging Corporation Of America (PKG) reported mixed Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 25, 2023 | 2:08 pm