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BA

SPR

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) shares are trading higher following news of its acquisition by Boeing (NYSE:BA) for $37.25 per share. The deal, valued at approximately $4.7 billion in equity and $8.3 billion including net debt, aims to support U.S. defense programs and supply chain stability. Airbus SE will acquire certain commercial work packages from Spirit concurrently with the merger. The transaction is expected to close by mid-2025, pending regulatory approvals and shareholder consent.

Portfolio Pulse from Vaishali Prayag

July 01, 2024 | 7:32 pm

MMM

Investors with significant capital have taken a bullish stance on 3M (NYSE:MMM), as observed through unusual options activity. Benzinga's options scanner identified 8 uncommon trades, with a mix of bullish and bearish sentiments. Analysts have recently upgraded 3M's stock, with a consensus target price of $122.5.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:31 pm

UPS

Recent unusual options activity for United Parcel Service (NYSE:UPS) shows a mixed sentiment among investors, with significant trades in both puts and calls. The price range targeted by these trades is between $115.0 and $150.0. UPS is currently trading at $135.74, down by 0.81%, with a neutral RSI. Analysts have mixed ratings, with price targets ranging from $145 to $156.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:31 pm

AXP

Investors have taken a bearish stance on American Express (NYSE:AXP) as indicated by a surge in options activity. Benzinga's options scanner identified 10 significant options trades, with 60% being bearish. The price range focus is between $130.0 and $250.0. AXP's stock is currently trading at $233.41, up by 0.8%.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:31 pm

PRI

Primerica (NYSE:PRI) has significantly outperformed the market over the past 10 years, delivering an average annual return of 17.34%. A $1000 investment in PRI 10 years ago would be worth $4,898.04 today. The company's current market capitalization is $8.14 billion.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:30 pm

KKR

KKR (NYSE:KKR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 15.63%. A $1000 investment in KKR 10 years ago would be worth $4,196.40 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 7:30 pm

DELL

Dell shares are trading higher after Evercore ISI maintained an Outperform rating and $165 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:18 pm

UFPT

UFP Technologies shares are trading higher following the announcement of its acquisition of AJR Enterprises.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:17 pm

IBKR

Interactive Brokers shares are trading higher following the release of their June brokerage metrics.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 7:15 pm

DDOG

PLTR

Virtus Investment Partners' Joe Terranova highlights Palantir Technologies and Datadog as key players in the AI software space. BofA Securities added Palantir to its top 10 best U.S. ideas list for Q3, citing its growth in AI-driven revenue. Terranova is bullish on Datadog due to its critical role in AI security and believes the software sector may be bottoming out.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 7:15 pm