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SPY

The market is now fully pricing in three interest-rate cuts by the Federal Reserve by the end of the year, according to Bloomberg. This shift in expectations could have significant implications for various sectors and assets, particularly those sensitive to interest rate changes.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:09 pm

ITRI

Itron shares are trading higher after the company reported better-than-expected Q2 financial results. Additionally, the company raised its FY24 guidance above estimates and issued Q3 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:05 pm

SMCI

Recent options trading trends indicate a bullish stance on Super Micro Computer (NASDAQ:SMCI) by significant investors. Benzinga's options scanner identified 32 uncommon options trades, with a mix of bullish and bearish sentiments. The expected price range for SMCI is between $400 and $1000 over the next three months. The stock is currently up 3.25% at $724.43, with RSI indicators suggesting it may be approaching oversold territory. Analysts have mixed ratings, with a consensus target price of $627.5.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:03 pm

BABA

High-rolling investors have shown unusual bullish options activity on Alibaba Group Holdings (NYSE:BABA), with 62% of trades being bullish. The options activity suggests a targeted price range of $77.5 to $82.5. The stock is currently priced at $79.08, up 0.3%, with RSI indicators hinting at an overbought condition. An analyst from Jefferies maintains a Buy rating with a target price of $116.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:02 pm

MU

Deep-pocketed investors are showing significant interest in Micron Technology (NASDAQ:MU) with a mix of bullish and bearish options activities. The options activity suggests a price target range of $87.5 to $150.0. Micron's stock is currently down by 2.25% at $107.35, with an RSI indicating it may be approaching oversold territory. An analyst from Keybanc maintains an Overweight rating with a price target of $165.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:02 pm

TGT

Over the past three months, 15 analysts have shared their evaluations of Target (NYSE:TGT), revealing a range of outlooks from bullish to bearish. The average 12-month price target is $171.67, a 5.75% decrease from the previous average. Analysts have adjusted their ratings and price targets based on recent developments, reflecting a mixed sentiment towards Target's future performance.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:01 pm

RSI

Analysts have provided mixed ratings for Rush Street Interactive (NYSE:RSI) over the past quarter, with a general trend towards bullish sentiment. The average 12-month price target has increased to $12.4, reflecting a 26.53% rise from the previous target. Key analysts from firms like Wells Fargo, Oppenheimer, and Needham have raised their ratings and price targets for RSI.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:00 pm

TEX

Terex (NYSE:TEX) has been analyzed by 8 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $64.0, with a high of $74.00 and a low of $55.00. Recent analyst actions include both raises and lowers in ratings and price targets. Terex has shown strong financial performance with a 6.9% revenue growth rate, a net margin of 10.18%, and a debt-to-equity ratio of 0.36.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:00 pm

FORM

Analysts have provided mixed evaluations of FormFactor (NASDAQ:FORM) over the past three months, with a majority being bullish. The average 12-month price target has increased to $66.0, with a high estimate of $74.00 and a low estimate of $55.00. Key financial indicators show strong revenue growth and net margin, but lower ROE and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:00 pm

SPY

The USA ISM Manufacturing Employment Index for July came in at 43.4, significantly below the estimated 49.0 and the prior 49.3. This indicates a contraction in manufacturing employment.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:00 pm