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GTES

Gates Industrial shares are trading lower after Barclays maintained an Equal-Weight rating on the stock and lowered its price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:17 pm

CAPR

Capricor Therapeutics (NASDAQ: CAPR) announced positive three-year results from its HOPE-2 open-label extension study with CAP-1002, showing continued benefits for DMD patients. The stock is trading 4.43% higher following the news.

Portfolio Pulse from Dylan Berman

June 04, 2024 | 5:12 pm

BRK

FTXN

OILT

OXY

Occidental Petroleum's subsidiary, TerraLithium, has entered a joint venture with BHE Renewables, a Berkshire Hathaway subsidiary, to develop technology for extracting high-purity lithium from geothermal brine. This partnership aims to leverage both companies' expertise to advance sustainable lithium production. Despite the positive long-term outlook for lithium demand, Occidental Petroleum shares are trading lower today.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 5:02 pm

ASML

GOOG

PFE

VTR

The CNBC Halftime Report highlighted final trades including Pfizer, ASML Holding, Ventas, and Alphabet Inc. - Class C.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:01 pm

UNH

Deep-pocketed investors have shown a bullish stance towards UnitedHealth Group (NYSE:UNH) through significant options activity. The trading activity suggests a price target between $500 and $520. The stock is currently up 1.74% at $506.11, with RSI indicators hinting at an overbought condition. Analysts have mixed ratings with a consensus target price of $578.0.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:01 pm

EQT

In the last three months, 27 analysts have published ratings on EQT (NYSE:EQT), showing a range of perspectives from bullish to bearish. The average 12-month price target has risen to $42.78, with a high estimate of $60.00 and a low estimate of $27.00. Recent analyst actions include several rating raises and a few lowers, reflecting mixed sentiments. EQT has faced a -28.89% decline in revenue growth and has below-average net margin, ROE, and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:01 pm

TMUS

Investors are showing significant interest in T-Mobile US (NASDAQ:TMUS) options, with a mix of bullish and bearish trades. The options activity suggests a focus on a price range between $145 and $180. The stock is currently trading at $176.88, up 2.2%, and may be overbought. Expert opinions have set an average target price of $200.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:01 pm

MTB

Analysts have mixed ratings for M&T Bank (NYSE:MTB) with a range of bullish to bearish sentiments. The average 12-month price target has increased to $162.42, reflecting a 4.18% rise from the previous target. Key financial indicators show challenges in revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:00 pm

GTES

Over the past three months, 8 analysts have reviewed Gates Industrial Corp (NYSE:GTES), with opinions ranging from bullish to bearish. The average 12-month price target has increased to $19.25, reflecting a 10.44% rise from the previous target. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. Despite these positive adjustments, Gates Industrial Corp faces financial challenges, including a decline in revenue growth, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 5:00 pm

BBWI

CCL

DIA

IWM

QQQ

SAIA

SPY

TLT

XLB

XLRE

Stocks dipped on Tuesday amid growth concerns, with major indices trading in the red. The S&P 500 faced selling pressure, and small caps were hit hard, with the iShares Russell 2000 ETF (IWM) down 1.4%. Economic data showed a sharp decline in job openings, increasing bets on a Federal Reserve rate cut in September. This boosted bond prices, with the iShares 20+ Year Treasury Bond ETF (TLT) rising 1%. Commodities fell, with oil prices down for five straight days. Bitcoin surged 3%. Notable stock movers included Saia Inc. (SAIA) up 7%, Carnival Corp. (CCL) up 4%, and Bath & Body Works Inc. (BBWI) down 13%.

Portfolio Pulse from Piero Cingari

June 04, 2024 | 5:00 pm