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Stock Prices

TLT

Disappointing labor market data has led to a significant shift in interest rate expectations, with traders now anticipating a total of 1.25% rate cuts by year-end. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) surged 2.8% in response. Economists from major banks have revised their rate cut forecasts, with some expecting larger cuts in the upcoming Federal Reserve meetings.

Portfolio Pulse from Piero Cingari

August 02, 2024 | 7:26 pm

MS

Morgan Stanley shares are trading lower after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $99 to $95.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:21 pm

SMCI

Super Micro Computer Inc. (NASDAQ:SMCI) is set to release its fourth-quarter earnings report on Tuesday, August 6th, after the market close. Analysts predict strong results with an estimated EPS of $8.20 and revenue of $5.294 billion. Wedbush analyst Matt Bryson has reiterated a Neutral rating with a price target of $800, reflecting optimism about long-term AI growth prospects. Despite this, SMCI shares are down 7.13% at $624.34.

Portfolio Pulse from Vaishali Prayag

August 02, 2024 | 7:19 pm

TTD

Financial giants have made significant bearish moves on Trade Desk (NASDAQ:TTD) options, with 60% of trades showing bearish tendencies. The stock is currently down by 3.25% at $84.9, and analysts have mixed ratings with an average target price of $109.0.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:17 pm

SBUX

Deep-pocketed investors are showing a bullish sentiment towards Starbucks (NASDAQ:SBUX) with significant options activity. The majority of the options are calls, indicating a positive outlook. Analysts have mixed ratings but generally positive price targets for the stock.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:17 pm

PEP

Deep-pocketed investors have adopted a bearish approach towards PepsiCo (NASDAQ:PEP), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant trades in both puts and calls. The stock is currently trading at $178.84, up by 2.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with a consensus target price of $183.2.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:17 pm

INTC

Intel Corp (NASDAQ: INTC) announced significant restructuring and reported disappointing quarterly earnings, missing analyst estimates. The company plans a $10 billion cost-reduction, including a 15% headcount reduction by the end of 2024, and will suspend its dividend starting Q4 2024. Analysts have downgraded the stock and revised price targets downward, citing competitive, financial, and strategic challenges.

Portfolio Pulse from Surbhi Jain

August 02, 2024 | 7:14 pm

GOOG

GOOGL

Alphabet shares are trading lower as tech stocks fall in sympathy with Amazon.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:11 pm

PH

Parker Hannifin (NYSE:PH) has significantly outperformed the market over the past 5 years, delivering an average annual return of 25.34%. A $1000 investment in PH stock 5 years ago would be worth $3,160.15 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:04 pm

HON

Honeywell International (NASDAQ: HON) has outperformed the market over the past 20 years, producing an average annual return of 9.38%. A $100 investment in HON 20 years ago would be worth $616.30 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:04 pm