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BAC

PNC

USB

WFC

Shares of banking companies are trading lower amid overall market weakness on US economic concerns.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:40 pm

APA

CVX

SLB

XOM

Shares of oil and gas companies are trading lower due to concerns about an economic slowdown following recent US data, which could negatively impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:32 pm

GDDY

GoDaddy (NYSE:GDDY) has outperformed the market over the past 5 years, producing an average annual return of 18.01%. A $100 investment in GDDY 5 years ago would be worth $220.59 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:30 pm

STLD

Steel Dynamics (NASDAQ:STLD) has outperformed the market over the past 15 years, delivering an average annual return of 14.27%. A $100 investment in STLD 15 years ago would be worth $715.26 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:30 pm

EIPX

HJEN

BP and ADNOC are exploring potential investments in Cyprus's emerging natural gas sector, following major gas discoveries in the Eastern Mediterranean. BP shares are trading lower, down 3.51% at $32.88. Investors can gain exposure to BP via Direxion Hydrogen ETF (HJEN) and First Trust Energy Income Partners Strategy ETF (EIPX).

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 2:20 pm

ATNM

BBGI

KRNL

MGOL

TSN

ULY

VBIV

U.S. stocks fell significantly on Monday, with the Nasdaq dropping 3.14%, the Dow Jones falling 2.18%, and the S&P 500 declining 2.54%. Tyson Foods reported better-than-expected earnings, while several stocks saw significant price movements, including MGO Global, Beasley Broadcast Group, Kernel Group Holdings, Actinium Pharmaceuticals, VBI Vaccines, and Urgently.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 2:20 pm

LLY

Financial giants have shown a bullish interest in Eli Lilly (NYSE:LLY) through options trading, with significant trades indicating a price target range of $550 to $900. Despite a recent price drop of 3.68% to $774.84, analysts maintain high target prices, with the next earnings report due in 3 days.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:16 pm

AVGO

Financial giants have shown a bullish interest in Broadcom (NASDAQ:AVGO) through options trading, with 22 unusual trades identified. Despite a recent price drop of -3.69%, analysts maintain high target prices and positive ratings for the stock. The trading volume and open interest data suggest significant market activity within a price range of $80.0 to $180.0.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:16 pm

QCOM

Benzinga's options scanner detected significant options activity for Qualcomm (NASDAQ:QCOM), with over 8 trades totaling $392,196. Analysts have mixed ratings on the stock, with price targets ranging from $170 to $250. The stock is currently trading at $157.98, down 0.83%, and may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:16 pm

AMC

IMAX

Imax China reported a 9% drop in profit to $12.65 million for the first half of 2024, with revenue falling 3.2% to $43.9 million. The company faces challenges due to a slowdown in China's box office and a lack of visually appealing films. Speculation is rising about a potential new privatization bid by its Canadian parent, Imax Corp. (NYSE:IMAX), after a previous bid failed.

Portfolio Pulse from The Bamboo Works

August 05, 2024 | 2:15 pm