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HD

Home Depot shares are trading higher after UBS raised its price target on the stock from $400 to $425.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:16 pm

LRCX

Deep-pocketed investors are showing a bullish trend towards Lam Research (NASDAQ:LRCX), with significant options activity indicating potential big moves. The options activity includes 25 calls and 4 puts, with a focus on a price range between $500 and $1100. Analysts have mixed ratings, with target prices ranging from $950 to $1200.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:15 pm

NEM

Financial giants have made significant bullish moves on Newmont (NYSE:NEM) options, with 23 unusual trades identified. The trades include 11 puts valued at $612,695 and 12 calls valued at $1,529,913. The price target for NEM ranges from $35.0 to $57.5. Currently, NEM is trading at $48.66, down 0.73%, with RSI indicators suggesting it may be overbought. An analyst from BMO Capital maintains an Outperform rating with a target price of $57.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:15 pm

ELF

Deep-pocketed investors have adopted a bearish approach towards e.l.f. Beauty (NYSE:ELF), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant puts being traded. The stock is currently down by 0.35%, trading at $148.12. Analysts have mixed ratings, with target prices ranging from $161 to $260.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 4:15 pm

ALUR

Allurion Technologies shares are trading lower due to continued weakness following the company's weak FY24 revenue guidance reported yesterday.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:14 pm

WMT

Walmart Inc (NYSE:WMT) is set to report its Q2 earnings on Thursday, with Wall Street expecting 64 cents in EPS and $168.6 billion in revenues. The stock has shown mixed technical signals, with short-to-medium term indicators being both bullish and bearish. Analysts have a consensus 'Buy' rating with an 8% upside potential.

Portfolio Pulse from Surbhi Jain

August 14, 2024 | 4:13 pm

CAN

Canaan Inc (NASDAQ:CAN) shares are trading lower by 4% to $0.83 ahead of its second-quarter earnings report, expected to show an EPS loss of 2 cents on revenue of $51.9 million. In the first quarter of 2024, Canaan reported a 36.5% year-over-year revenue decline to $35.09 million, surpassing analyst expectations. The company sold 3.4 million Thash/s of computing power and had $54.7 million in cash by the end of March, with Bitcoin holdings exceeding 1,000 for the first time.

Portfolio Pulse from Henry Khederian

August 14, 2024 | 4:13 pm

SNTI

Senti Biosciences shares are trading higher after the company announced a year-over-year increase in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:08 pm

LLY

Eli Lilly shares are trading higher following a report indicating the company has demanded doctors stop selling copycat weight-loss drugs.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:07 pm

TSAT

Telesat Corporation shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:07 pm