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JCI

Johnson Controls International (NYSE:JCI) has agreed to sell its Residential and Light Commercial HVAC business to Bosch Group for $8.1 billion. The deal is expected to enhance profit margins and provide net cash proceeds of around $5.0 billion after taxes and costs. The company plans to use the proceeds to reduce debt and return funds to shareholders. The transaction is expected to close in about 12 months, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 2:32 pm

ORCL

Recent options trading trends indicate a bearish stance on Oracle (NYSE:ORCL) by big-money investors. Benzinga's options scanner identified 8 significant trades, with a mix of bullish and bearish sentiments. The predicted price range for Oracle is between $130.0 and $170.0. Analysts have mixed ratings on Oracle, with target prices ranging from $125 to $175.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:32 pm

JD

Investors with significant capital have taken a bullish stance on JD.com (NASDAQ:JD), as observed through 11 uncommon options trades. The sentiment is 72% bullish and 27% bearish, with a price target range of $22.5 to $37.5. The stock is currently trading at $26.11, down by 2.74%.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:32 pm

NOW

Deep-pocketed investors have adopted a bearish approach towards ServiceNow (NYSE:NOW), as revealed by Benzinga's options scanner. The scanner highlighted 17 extraordinary options activities, with 41% of the sentiment being bearish. The price of NOW is currently up 2.19% at $773.05, but RSI indicators suggest it may be approaching overbought territory. Analysts have mixed opinions, with price targets ranging from $640 to $920.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:32 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has significantly outperformed the market over the past 5 years, delivering an average annual return of 24.11%. A $100 investment in VRTX 5 years ago would now be worth $293.44, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:30 pm

HQY

HealthEquity (NASDAQ:HQY) has outperformed the market over the past 10 years with an average annual return of 15.82%, resulting in a $100 investment growing to $434.18. The company currently has a market capitalization of $6.56 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 2:30 pm

SPY

U.S. Secret Service Director Cheatle has resigned following a shooting incident involving former President Trump. This unexpected resignation could lead to increased market volatility.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:29 pm

CMCSA

NFLX

Comcast Corp (NASDAQ:CMCSA) reported a 2.7% decline in Q2 revenue to $29.69 billion, missing analyst estimates. Adjusted EPS beat expectations at $1.21. Revenue from Studios and Theme Parks fell significantly. Broadband and video subscribers also declined, while Peacock subscribers grew but missed estimates. Comcast shares fell 5.83% following the report.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 2:28 pm

PM

Philip Morris International Inc. (NYSE:PM) reported better-than-expected Q2 FY24 earnings, raised its adjusted EPS outlook for 2024, and saw a 2.87% increase in share price. The company reported a 5.6% year-on-year revenue growth to $9.468 billion, with smoke-free products accounting for 38.1% of total net revenues. Adjusted EPS of $1.59 beat the consensus estimate of $1.57. The company also raised its FY24 adjusted EPS outlook to $6.33 – $6.45.

Portfolio Pulse from Shivani Kumaresan

July 23, 2024 | 2:26 pm

PGHL

Primega Group's IPO opened at $5.60, higher than its initial pricing of $4.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:21 pm