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SPY

The July jobs report indicated a rise in unemployment to 4.3%, marking the fourth consecutive month of increases and triggering recessionary indicators. Despite historical trends suggesting a recession, experts argue that this time may be different due to unique labor market conditions and external factors. The SPDR S&P 500 ETF Trust (SPY) experienced a significant sell-off but later regained ground.

Portfolio Pulse from Hayden Buckfire

August 07, 2024 | 4:08 pm

GTHX

PETQ

STEM

TLIS

UPST

XPON

U.S. stocks traded higher with significant gains in the Nasdaq Composite, Dow, and S&P 500. Energy shares climbed by 2% following a larger-than-expected decline in U.S. crude oil inventories. Upstart Holdings, G1 Therapeutics, and PetIQ saw substantial stock price increases due to positive financial results and acquisition news. Conversely, Stem, Expion360, and Talis Biomedical experienced significant declines due to mixed financial results, public offering pricing, and potential bankruptcy proceedings.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 4:03 pm

INTU

Investors with significant capital have taken a bearish stance on Intuit (NASDAQ:INTU), as evidenced by recent options activity. Benzinga's options scanner detected 10 trades, with 9 being puts and 1 call, indicating a 100% bearish sentiment. The total amount for puts is $502,660, while the call is $48,200. The target price range for these trades is $600 to $630. Intuit's stock is currently trading at $622.77, up by 1.71%, with a neutral RSI. The next earnings report is due in 15 days.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:02 pm

NFLX

Deep-pocketed investors have adopted a bearish approach towards Netflix (NASDAQ:NFLX), as revealed by Benzinga's options scanner. The scanner highlighted 42 extraordinary options activities, with 57% of the sentiment being bearish. Significant options trades include both puts and calls, with a notable volume and open interest. Analysts have mixed ratings on Netflix, with price targets ranging from $650 to $750. The stock is currently up 2.74% at $626.25.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:02 pm

PGR

In the last three months, 19 analysts have reviewed Progressive (NYSE:PGR), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $250.68. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. Progressive has shown strong revenue growth but faces challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:01 pm

FWRG

In the past three months, 5 analysts have provided ratings for First Watch Restaurant Group (NASDAQ:FWRG), with a mix of bullish, indifferent, and bearish perspectives. The average 12-month price target has decreased by 13.91% to $19.8. Analysts have recently lowered their price targets, reflecting cautious sentiment.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:01 pm

AU

Analysts have provided mixed ratings for Anglogold Ashanti (NYSE:AU) over the past quarter, with a majority being somewhat bullish. The average 12-month price target has increased by 9.65% to $31.25. Key analysts have adjusted their ratings and price targets, reflecting evolving market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm

RVLV

Analysts have mixed ratings for Revolve Group (NYSE:RVLV) over the past three months, with a blend of bullish and bearish perspectives. The average 12-month price target is $19.75, with a high of $25.00 and a low of $14.00. Recent ratings include a maintained 'Neutral' by Wedbush, a raised 'In-Line' by Evercore ISI, a lowered 'Underweight' by Barclays, and a maintained 'Buy' by Needham. Revolve Group, an e-commerce retailer, has faced a revenue decline of -3.23% but maintains strong net margins and a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm

LOW

Lowe's Companies (NYSE:LOW) has outperformed the market over the past 5 years, delivering an average annual return of 19.77%. A $1000 investment in LOW 5 years ago would be worth $2,477 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm

CSGP

CoStar Group (NASDAQ: CSGP) has significantly outperformed the market over the past 20 years, delivering an average annual return of 15.78%. A $100 investment in CSGP 20 years ago would be worth $1,896.30 today. The company's current market capitalization is $30.21 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 4:00 pm