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ON

ON Semiconductor Inc.'s shares are currently trading at $93.14, after a 1.05% decrease. Despite an 8.61% fall over the past month, the stock has risen by 27.15% over the past year. The company's P/E ratio is lower than the aggregate P/E of 41.31 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 7:01 pm

KHC

TSN

Republicans and Democrats are in agreement that the 'checkoff programs', which promote American dairy, beef and other agricultural industries, need reform. These programs are said to unfairly benefit larger corporations like Kraft Heinz Co and Tyson Foods Inc, leading to consolidation that adversely affects smaller farmers. Despite bipartisan support for reform, some politicians, who receive significant campaign donations from the big-ag industry, oppose the change.

Portfolio Pulse from Aaron Bry

August 16, 2023 | 6:46 pm

COHR

DLO

NVOS

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SPGC

TIVC

U.S. stocks traded mixed with the Nasdaq Composite and S&P 500 falling, while the Dow traded up. U.S. crude oil inventories declined by 5.96 million barrels, more than market expectations. Novo Integrated Sciences, DLocal Limited, and Tivic Health Systems saw their shares rise significantly. RVL Pharmaceuticals, Sacks Parente Golf, and Coherent Corp. saw their shares drop significantly.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 6:41 pm

DLO

Susquehanna analyst James E. Friedman reiterated a positive rating on DLocal Limited (NASDAQ:DLO), raising the price target to $24 from $18. The company reported Q2 results with $4.4 billion in total payment volume, up 80% YoY and 22% QoQ. DLocal also appointed Pedro Arnt as co-CEO. The analyst raised the 2023 revenue estimate to $636.5 million and the FY23 EPS estimate to $0.57. However, the analyst sees a downside risk of $15 due to potential loss of a top merchant, insourcing payments processing, and regulatory risks.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 5:48 pm

ARHS

Arhaus Inc (NASDAQ:ARHS) shares are trading lower by 13.6% after the company announced an underwritten public offering of 12 million shares of Class A common stock by selling shareholders. The offering is by certain affiliated selling stockholders associated with Freeman Spogli & Co. All proceeds from the offering will go to the Selling Stockholders, with Arhaus not participating in the sale or receiving any proceeds.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 5:20 pm

PANW

A whale investor has taken a bullish stance on Palo Alto Networks (NASDAQ:PANW), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale trades have targeted a price range from $190.0 to $225.0 for PANW over the last 3 months. The current price of PANW is $215.47. Analysts from Rosenblatt, RBC Capital, Barclays, Goldman Sachs, and Keybanc have maintained positive ratings on PANW with price targets ranging from $250 to $285.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 5:16 pm

BABA

BX

CLF

MS

CNBC's Halftime Report discussed final trades involving Alibaba Group, Cleveland-Cliffs, Morgan Stanley, and Blackstone. The specific details of the trades were not provided in the article.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 5:01 pm

NEE

Karen Firestone, a renowned investor, announced live on CNBC that she has increased her investment in NextEra Energy (NEE).

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:54 pm

NOW

Investor Business Daily SwingTrader has exited its entire position in ServiceNow at $554.57 per share.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:40 pm

TLLTF

The Shinnecock Nation Tribe has announced that it will continue with its cannabis plans despite TILT Holdings' (OTC:TLLTF) decision to cut its social equity brands. The tribe is moving forward with the construction of its dispensary and is addressing unlicensed operators. TILT Holdings recently decided to cut ties with various brands that had a significant focus on diversity and social equity, a move that has been met with controversy.

Portfolio Pulse from Javier Hasse

August 16, 2023 | 4:36 pm