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SPY

The Federal Reserve has reiterated that it does not expect to lower interest rates until it has greater confidence that inflation is moving sustainably toward the 2% target.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:02 pm

SAFE

Analysts' ratings for Safehold (NYSE:SAFE) show mixed sentiments, with recent ratings ranging from bullish to bearish. The average 12-month price target is $28.83, with a high of $35.00 and a low of $20.00. Recent analyst actions include rating adjustments and price target changes, reflecting their response to market conditions and company performance. Safehold has shown strong revenue growth and net margins but faces challenges with return on equity.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:01 pm

GRPN

Over the past three months, four analysts have evaluated Groupon (NASDAQ:GRPN), with opinions ranging from bullish to somewhat bullish. The average 12-month price target is $24.0, down 7.69% from the prior average. Analysts have recently lowered their price targets, reflecting dynamic market conditions and company performance. Groupon's financial metrics indicate challenges in profitability, return on equity, and debt management.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:00 pm

BHE

Benchmark Electronics (NYSE:BHE) reported better-than-expected Q2 earnings, with EPS of 57 cents beating the consensus estimate of 51 cents and sales of $666 million surpassing the $635.75 million estimate. The company forecasts Q3 revenue of $630-$670 million and adjusted EPS of 52-58 cents. Following the earnings announcement, Needham and Lake Street analysts raised their price targets for BHE. The stock rose 15.5% to $47.01.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 6:00 pm

ESS

Analysts' ratings for Essex Property Trust (NYSE:ESS) over the last quarter show a range of sentiments from bullish to bearish. The average 12-month price target has increased by 6.75% to $275.53. Recent analyst actions include several rating raises and price target adjustments, reflecting positive sentiment towards the company. Essex Property Trust has shown strong financial performance with notable revenue growth, high net margin, and efficient debt management.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:00 pm

SPY

The Federal Reserve has decided to leave the key overnight interest rate unchanged, maintaining its current monetary policy stance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:00 pm

BUYZ

BYDDY

IYT

UBER

Uber Technologies, Inc. (NYSE:UBER) and BYD Co. Ltd. (OTC:BYDDY) have announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the Uber platform in key global markets. The initiative aims to lower the total cost of EV ownership for Uber drivers and boost global EV adoption. The partnership will start in Europe and Latin America and later expand to other regions. UBER stock has risen over 30% in the last twelve months, and investors can gain exposure via IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Franklin Disruptive Commerce ETF (BATS:BUYZ).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:57 pm

ADPV

CEG

FTWO

UTES

VST

Vistra Corp. (NYSE:VST) and Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher following the release of PJM Interconnection's annual power market auction results, which showed a significant increase in capacity prices. Additionally, Vistra received approval to extend the operation of its Comanche Peak Nuclear Power Plant through 2053.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:48 pm

AMD

ARM

Arm Holdings Plc (NASDAQ:ARM) shares are trading higher in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD), which reported strong Q2 financial results. AMD's revenue and earnings beat analyst estimates, driven by record Data Center segment revenue and accelerating AI business. AMD's positive outlook for Q3 and GPU revenue has lifted several semiconductor stocks, including ARM, which is set to report its fiscal Q1 results soon. ARM's previous quarter showed strong earnings and revenue growth, driven by record royalty revenue and high-value agreements.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 5:46 pm

AAL

Deep-pocketed investors have adopted a bearish approach towards American Airlines Gr (NASDAQ:AAL), as revealed by Benzinga's options scanner. The significant move in AAL's options market, with 55% of investors leaning bearish, suggests potential volatility. The trading activity indicates a price target range of $8.0 to $25.0. The stock is currently trading at $10.63, down by -1.21%.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:46 pm