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LGCL

Lucas GC shares are trading lower following the announcement of a $6 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:21 pm

RIVN

Rivian shares are trading higher, potentially rebounding after a decline on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:20 pm

SPY

Federal Reserve's Barkin stated that more time is needed to determine if the economy is steadily normalizing or if it requires intervention. Economic indicators are approaching normal levels.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:18 pm

AMD

Financial giants have shown a bearish trend in options trading for Advanced Micro Devices (NASDAQ:AMD), with 45% of trades being bearish. The stock is currently trading at $134.94, up by 4.88%. Analysts have mixed ratings, with target prices ranging from $156 to $200.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:18 pm

BSX

Deep-pocketed investors have shown a bearish sentiment towards Boston Scientific (NYSE:BSX) based on recent options activity. Benzinga's options scanner highlighted 8 significant options trades, with 50% of the sentiment being bearish. The major market movers are focusing on a price range between $72.5 and $95.0 for BSX. Despite this, the stock price is up 2.6% at $75.7, and analysts have mixed ratings with an average target price of $87.0.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:18 pm

ANET

Deep-pocketed investors have shown a bullish stance towards Arista Networks (NYSE:ANET) through significant options activity. Benzinga's options scanner highlighted 8 extraordinary options activities, with a mix of bullish and bearish sentiments. The predicted price range for ANET is between $310.0 and $380.0. Analysts have mixed ratings, with target prices ranging from $265 to $390.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:18 pm

SPY

Fed's Barkin indicates that job growth has stabilized but continues, with labor supply higher than expected. The unemployment rate is likely to increase, and there is concern if job growth disappears. Wages are declining, suggesting labor market normalization.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:16 pm

DAL

Delta Air Lines announced that 7,000 flight cancellations have impacted their projected year-over-year September quarter capacity growth by about 1.5 points.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:15 pm

LMT

RTX

While the Middle East conflicts dominate headlines, Ukraine has made significant advances into Russian territory, occupying multiple villages in the Kursk region. This move, the largest since the conflict began, has surprised Moscow and could escalate tensions. Defense contractors like Lockheed Martin Corp (NYSE:LMT) and RTX Corp (NYSE:RTX) may benefit from the increased demand for military equipment.

Portfolio Pulse from Aaron Bry

August 08, 2024 | 7:10 pm

EXEL

Exelixis (NASDAQ:EXEL) has been analyzed by 5 analysts over the past three months, showing a range of sentiments from bullish to indifferent. The average 12-month price target is $28.2, with a high of $33.00 and a low of $23.00. Recent evaluations show a slight decrease in the average price target by 1.91%. Analysts have raised or maintained their ratings, reflecting positive sentiment towards the company's financial performance and growth prospects.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 7:06 pm