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LVS

Benzinga's options scanner detected over 12 options trades for Las Vegas Sands (NYSE:LVS) totaling $752,890. Whales have been targeting a price range from $52.5 to $70.0 for Las Vegas Sands over the last 3 months. The price of LVS is down -1.22% at $55.75. JP Morgan, B of A Securities, Morgan Stanley, Stifel, and Wells Fargo have maintained their ratings on Las Vegas Sands with price targets ranging from $65 to $78.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:48 pm

GE

A significant bullish stance has been taken on General Electric (NYSE:GE) by a large investor, as evidenced by a large position in GE's options. The sentiment among these big-money traders is 90% bullish and 9% bearish. The whales have been targeting a price range from $80.0 to $115.0 for GE over the last 3 months. Wells Fargo maintains an Equal-Weight rating on GE with a price target of $105, while Citigroup maintains a Buy rating with a price target of $126.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:48 pm

POOL

Pool Corporation (POOL) reported a 9.7% YoY decline in Q2 FY23 sales to $1.857 billion, missing the consensus estimate of $1.910 billion. EPS of $5.91 also missed the consensus of $6.20. The company attributes the underperformance to weather conditions that impacted revenue and led to slower maintenance activity, reduced outdoor living construction activity, and deferred discretionary replacement activity. Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on POOL and raised the price target from $375 to $380.

Portfolio Pulse from Shivani Kumaresan

July 21, 2023 | 6:47 pm

AMZN

Truist analyst Youssef Squali reiterated a Buy rating on Amazon (NASDAQ:AMZN) with a price target of $144.00. Squali remains bullish on AMZN due to strong North American e-commerce demand and cost optimization. He expects AMZN to report total revenue of $131.3 billion, North American revenue of $80.3 billion, and AWS revenue growth of 10% Y/Y (to $21.8 billion). He also expects an operating income of $5.1 billion (3.8% margin).

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:46 pm

MARK

NVDA

Remark Holdings has announced a partnership with NVIDIA Metropolis Ecosystem, as revealed in a tweet featuring Dave Gregory. This news led to a spike in Remark's share prices.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:44 pm

DFS

Discover Financial Services (DFS) has been downgraded by Piper Sandler following disappointing Q2 2023 results. Other analysts also lowered their price targets and EPS estimates for the company due to lower-than-expected net interest income, higher expenses, and lower buybacks. Despite this, DFS shares are trading higher by 2.43% at $104.94.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 6:44 pm

AN

BTM

DWAC

SFBS

U.S. stocks traded higher with the S&P 500 gaining around 0.3% on Friday. AutoNation Inc reported better-than-expected results for its second quarter with sales growth of 0.3% year-on-year to $6.89 billion. Digital World Acquisition Corp. shares shot up 56% after the company announced it reached a settlement with the SEC. Shares of ServisFirst Bancshares, Inc. got a boost, shooting 18% following upbeat second-quarter results. Bitcoin Depot Inc. shares were also up, gaining 13% after the company reported second-quarter preliminary revenues and provided 2023 guidance.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 6:44 pm

KNX

Susquehanna analyst Bascome Majors has reiterated a Neutral rating on Knight-Swift Transportation Holdings Inc. (NYSE:KNX), lowering the price target to $51 from $53. This follows the company's worse-than-expected Q2 2023 earnings results and a cut in 2023 guidance. The company's revenues of $1.55 billion, down 20.8% Y/Y, missed the consensus of $1.60 billion. The analyst warns that KNX will face challenges in the truckload market.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 6:41 pm

MSOS

The Senate Banking, Housing & Urban Affairs Committee has delayed a vote on cannabis banking reform until after the August recess. This news led to a 5% drop in the cannabis sector, with the MSOS ETF (NYSE:MSOS) finishing 1.6% lower. The delay is seen as a blow to the cannabis industry, particularly for all-cash businesses and investors.

Portfolio Pulse from Todd Harrison

July 21, 2023 | 6:37 pm

MERC

Mercer International Inc. (NASDAQ:MERC) has announced a temporary halt in operations at its Celgar pulp mill in Castlegar, BC, from July 29, 2023, to August 28, 2023. The curtailment is due to a significant loss of rail transport capacity resulting from the Vancouver port job action, which has led to a complete halt in railcar circulation, severely impacting the mill's ability to transport pulp.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:31 pm