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Stock Prices

GS

Joe Terranova, speaking live on CNBC, expressed optimism about The Goldman Sachs Group, predicting its stock could rise to $550-$600 per share.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:33 pm

WFC

Recent options trading trends for Wells Fargo (NYSE:WFC) show a bearish stance among significant investors, with 50% of trades being bearish and 41% bullish. The trades include 9 puts totaling $351,182 and 3 calls totaling $147,352. Analysts have mixed ratings, with price targets ranging from $59 to $68.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 4:31 pm

GK

PKB

TT

Trane Technologies (NYSE:TT) reported strong Q2 results, surpassing revenue and EPS expectations, and raised its FY24 guidance. Revenues grew 13% Y/Y to $5.31 billion, and bookings increased 19% Y/Y to $5.34 billion. The company also reported a significant backlog and plans to maintain a competitive dividend while deploying excess cash to shareholders. Investors can gain exposure via Invesco Building & Construction ETF (NYSE:PKB) and AdvisorShares Gerber Kawasaki ETF (NYSE:GK).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 4:30 pm

ARES

Ares Management shares are trading higher following the announcement of the closing of its Senior Direct Lending Fund III with a total capital base of $33.6 billion.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:30 pm

PINS

Pinterest shares dropped significantly despite reporting positive Q2 results. Analysts provided mixed ratings and lowered price targets due to disappointing guidance and concerns about future growth sustainability.

Portfolio Pulse from Priya Nigam

July 31, 2024 | 4:29 pm

AAPL

ICLN

MSFT

An analyst expects stocks to surge following the Federal Reserve's interest rate decision on Wednesday. While the Fed is expected to keep rates unchanged, the possibility of a rate cut in September could boost stock prices. Big tech companies like Microsoft and Apple have performed well despite higher rates, while the iShares Global Clean Energy ETF (ICLN) has struggled.

Portfolio Pulse from Aaron Bry

July 31, 2024 | 4:29 pm

HCM

HUTCHMED shares are trading higher following the release of their H1 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:27 pm

SMG

Scotts Miracle-Gro Company (NYSE: SMG) reported a 28% YoY drop in Q3 net sales for its cannabis-focused subsidiary, Hawthorne Gardening Company, largely due to the discontinuation of its third-party distributed brands business. Despite this, Hawthorne achieved its first profitable quarter since Q3 2022. Overall, Scotts Miracle-Gro saw a 7% increase in total company sales and reaffirmed its fiscal 2024 outlook, except for Hawthorne's net sales, which are expected to be 35-40% lower than the prior year.

Portfolio Pulse from Jelena Martinovic

July 31, 2024 | 4:27 pm

SLGN

Sligan Holdings shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:23 pm

CNHI

CNH Industrial N.V. shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:22 pm