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DBGI

FFIE

MBLY

UCAR

VMAR

The article lists the top 5 consumer discretionary stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting potential for growth in Q1. Mobileye Global Inc. (MBLY) announced production design wins, Faraday Future Intelligent Electric Inc. (FFIE) received a Nasdaq warning, Vision Marine Technologies Inc. (VMAR) announced a private placement, U Power Limited (UCAR) reported a narrower quarterly loss, and Digital Brands Group, Inc. (DBGI) signed a letter of intent to open a retail store.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 12:00 pm

SHLS

Shoals Technologies Gr (NASDAQ:SHLS) received mixed analyst ratings in the latest quarter, with 3 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target is $20.00, down from $20.25, with a high estimate of $28.00 and a low of $15.00. Analysts from Barclays, Mizuho, Morgan Stanley, Truist Securities, and Cantor Fitzgerald have adjusted their ratings and price targets. Shoals Technologies provides EBOS solutions for solar energy projects and recently entered the electric vehicle charging market. The company's revenue growth was 47.77% as of September 30, 2023, but it has a net margin of -7.32% and an ROE of -1.86%. Its debt-to-equity ratio is 0.36.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 12:00 pm

ELF

e.l.f. Beauty (NYSE:ELF) has received mixed analyst ratings over the past quarter, with 5 analysts offering opinions ranging from bullish to indifferent. The average 12-month price target for ELF has increased by 14.79% to $167.6, with a high estimate of $180.00 and a low of $137.00. Analysts from firms including Morgan Stanley, Raymond James, JP Morgan, and DA Davidson have raised their price targets, indicating a positive outlook on the company's performance. e.l.f. Beauty has demonstrated strong financial health with a revenue growth of 76.14%, a net margin of 15.44%, an ROE of 6.73%, an ROA of 4.74%, and a low debt-to-equity ratio of 0.16.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 12:00 pm

NIO

Nio Inc. (NYSE:NIO) has launched a battery-sharing program for the Chinese New Year travel period, encouraging owners to swap their 100-kWh batteries for 70/75-kWh ones. Participants will earn Nio Credits and Points from Jan. 20 to Feb. 20, with increased rewards for consistent participation. The initiative aims to address the high demand for travel during the holidays and promote the use of Nio's battery swap technology.

Portfolio Pulse from Anan Ashraf

January 22, 2024 | 11:46 am

GNK

Genco Shipping & Trading Limited is reviewing director nominations made by George Economou through GK Investor LLC. The company will make a formal recommendation soon and is committed to actions that benefit all shareholders, aiming to drive long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:03 am

EVTL

Vertical Aerospace (NYSE:EVTL) has received a $50 million investment commitment from its founder, CEO, and majority owner Stephen Fitzpatrick. This funding extends the company's cash runway into Q2 2025 and will support the development of the certification aircraft design, which is set to undergo prototype testing this year followed by final regulatory testing before production.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:46 am

BRO

HIFS

NXU

UAL

ZION

Investors are looking at several stocks as U.S. futures trade higher. United Airlines (UAL) is expected to report earnings of $1.70 per share on $13.54 billion revenue. Nxu, Inc. (NXU) filed for a Class A common shares offering, causing a slight drop in after-hours trading. Brown & Brown (BRO) is anticipated to report earnings of 53 cents per share on $985.48 million revenue. Hingham Institution for Savings (HIFS) reported a decrease in core net income for Q4. Zions Bancorporation (ZION) is expected to post earnings of 99 cents per share on $756.61 million revenue.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 8:55 am

ADM

Archer-Daniels-Midland Company (ADM) has appointed Ismael Roig as Interim Chief Financial Officer. Roig has been with ADM since 2004 and has held various leadership roles. This appointment comes after the ADM Board of Directors decided to place the current CFO, Vikram Luthar, on administrative leave with immediate effect.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:58 am

SPY

Florida Governor Ron DeSantis has suspended his 2024 presidential campaign and endorsed former President Donald Trump. This political development may influence investor sentiment and market dynamics, particularly in sectors sensitive to political changes.

Portfolio Pulse from Benzinga Newsdesk

January 21, 2024 | 8:20 pm

BTSG

CGON

HWEP

BrightSpring Health Services, Inc (BTSG), CG Oncology, Inc. (CGON), and HW Electro Co., Ltd (HWEP) are set to go public this week with their IPOs. BTSG is offering shares at $16.50 within a $15.00-$18.00 range, CGON at $17.00 within a $16.00-$18.00 range, and HWEP at $4.00 per share. All three have a 180-day lockup period.

Portfolio Pulse from Benzinga Insights

January 21, 2024 | 7:37 pm