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VKTX

Viking Therapeutics shares are trading lower following weight loss data from competitor Roche.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:38 pm

CMG

Barclays analyst Jeffrey Bernstein maintains an Equal-Weight rating on Chipotle Mexican Grill (NYSE:CMG) and adjusts the price target to $58 from $2865, reflecting a 50:1 stock split.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:36 pm

VALE

Wolfe Research has downgraded Vale (NYSE:VALE) from Outperform to Peer Perform, as per analyst Timna Tanners.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:33 pm

IT

Gartner (NYSE:IT) has significantly outperformed the market over the past 20 years, achieving an average annual return of 19.81%. A $1000 investment in Gartner 20 years ago would be worth $36,651.66 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 3:30 pm

WELL

Welltower (NYSE:WELL) has outperformed the market over the past 20 years with an average annual return of 10.52%, resulting in a $1000 investment growing to $7,161.04. The company currently has a market capitalization of $63.54 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 3:30 pm

AMAT

ASML

Applied Materials (AMAT) shares are down 7% due to potential new China restrictions by President Biden, comments from Donald Trump on the China-Taiwan standoff, and soft guidance from ASML. These factors have created concerns about supply chain disruptions and market challenges in the semiconductor industry.

Portfolio Pulse from Henry Khederian

July 17, 2024 | 3:25 pm

QCOM

Qualcomm (NASDAQ:QCOM) shares are trading lower following a downgrade from HSBC. The downgrade comes ahead of Qualcomm's earnings report on July 31, where the company is expected to report earnings of $2.25 per share and revenue of $9.212 billion. Despite the downgrade, other analysts have maintained or raised their price targets for Qualcomm. The company also announced a quarterly dividend of 85 cents per share.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 3:22 pm

SCHW

Charles Schwab Corp (NYSE:SCHW) reported Q2 earnings that slightly beat analyst estimates, but the company faces challenges including disappointing underlying trends and a need to become smaller to protect profitability. Analysts from JPMorgan and Goldman Sachs have cut their price targets and EPS estimates, citing concerns over net new asset growth, interest-earning assets, and elevated deposit outflows.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 3:21 pm

OMC

Omnicom Group Inc. (NYSE:OMC) shares are trading lower after reporting Q2 FY24 results. Despite revenue and EPS beating consensus estimates, shares fell due to a slight decrease in EBITA margin and mixed organic growth across disciplines and regions.

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 3:17 pm

QQQ

The Nasdaq is experiencing a downturn due to a selloff in semiconductor stocks.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:11 pm