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This week in investing, President Trump discusses a Bitcoin strategic reserve, tech stocks face another tough week, and macroeconomic data suggests a rate cut by the Federal Reserve in September. Intel's poor earnings report stands out, while the Bank of England cuts rates and the Bank of Japan raises them. The Magnificent 7 tech stocks, including Meta, Apple, Amazon, and Nvidia, continue to struggle despite mixed earnings results.

Portfolio Pulse from Gary Brode

August 07, 2024 | 2:06 pm

AMGN

Amgen Inc. (NASDAQ:AMGN) reported strong Q2 sales growth of 20% year-over-year, driven by a 26% increase in volume. Despite missing EPS expectations, the company raised its 2024 guidance. William Blair sees significant upside potential for Amgen, particularly with its pipeline assets like MariTide, Imdelltra, and rocatinlimab. Near-term challenges include upcoming biosimilar launches and market share struggles. The stock was down 4.99% at $312.80.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 2:06 pm

JPM

Investors with significant capital have taken a mixed stance on JPMorgan Chase (NYSE:JPM), with 50% bullish and 50% bearish sentiment observed in recent options trades. The predicted price range for JPM is between $200.0 and $215.0 over the next three months. Analysts have given mixed ratings, with target prices ranging from $211 to $225.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:01 pm

VECO

Analysts have provided diverse evaluations of Veeco Instruments (NASDAQ:VECO) over the past three months, with a mix of bullish, somewhat bullish, and indifferent ratings. The average 12-month price target has increased to $51.25, reflecting a 10.81% rise from the previous target. Key analysts from Needham, Citigroup, and Oppenheimer have maintained or raised their ratings and price targets, indicating positive sentiment towards the company's future performance.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:01 pm

CVNA

Financial giants are making significant bearish moves on Carvana (NYSE:CVNA) through options trading. Analysis reveals 65% of trades are bearish, with a focus on a price range between $25.0 and $140.0. Current trading volume is 458,526, with the stock price down by -1.08% to $137.45. Analysts have mixed ratings, with target prices ranging from $110 to $200.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:01 pm

VNO

In the last three months, 5 analysts have published ratings on Vornado Realty (NYSE:VNO), with a mix of neutral and somewhat bearish sentiments. The average 12-month price target is $25.4, a slight decrease from the previous $25.80. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:01 pm

HSIC

Henry Schein (NASDAQ:HSIC) has been analyzed by 5 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $84.8, with a high of $92.00 and a low of $72.00. Recent analyst actions include both raises and lowers in price targets, reflecting evolving market conditions and company performance. Henry Schein has shown positive financial performance with a revenue growth rate of 3.66%, a net margin of 2.93%, and a return on equity of 2.56%.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:00 pm

QLYS

Two analysts have recently published ratings on Qualys (NASDAQ:QLYS), with one rating it 'Hold' and the other 'Underweight'. The average 12-month price target has dropped by 12.81% to $122.5. Key financial indicators show Qualys has strong net margins and ROE but faces challenges in revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:00 pm

RMD

ResMed (NYSE:RMD) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.23%. A $1000 investment in ResMed 15 years ago would be worth $9,520.46 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:00 pm

META

Meta Platforms (NASDAQ:META) has significantly outperformed the market over the past 10 years, delivering an average annual return of 21.41%. A $100 investment in META 10 years ago would be worth $690.13 today. The article highlights the power of compounded returns in long-term investments.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 2:00 pm