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HLX

INOD

SOUN

The article highlights three small-cap AI stocks—SoundHound AI Inc (SOUN), Helix Energy Solutions Group Inc. (HLX), and Innodata Inc. (INOD)—that are making significant strides in their respective fields. SoundHound AI has surged 140% YTD, driven by strategic partnerships with Nvidia and Stellantis. Helix Energy Solutions is up 7.3% YTD, leveraging AI for environmental cleanup. Innodata has gained 118% YTD, focusing on generative AI and data engineering.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 6:18 pm

EFX

Equifax (NYSE:EFX) has outperformed the market over the past 10 years with an average annual return of 14.04%, surpassing the market by 3.27% annually. A $100 investment in EFX 10 years ago would now be worth $371.56. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 6:03 pm

KMX

CarMax (NYSE:KMX) has been analyzed by 13 analysts, revealing a range of sentiments from bullish to bearish. The average 12-month price target is $80.23, with a high of $105.00 and a low of $66.00. Recent analyst actions include maintaining, raising, and lowering ratings and price targets. CarMax's financial performance shows a decline in revenue growth but strong net margin, ROE, and ROA. The company's debt-to-equity ratio is below the industry average.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 6:00 pm

ORGN

Origin Materials, Inc. (NASDAQ:ORGN) shares surged after reporting Q2 financial results. Despite missing earnings and sales estimates, the company secured a 2-year MOU for PET closure production, projected to generate over $100 million in revenue starting in 2025. BofA Securities upgraded ORGN to Buy, raising the price target to $3.00, citing potential profitability as early as 2026 and significant long-term growth potential in its biomass conversion technology.

Portfolio Pulse from Lekha Gupta

August 16, 2024 | 5:58 pm

LLY

NVO

RHHBY

Roche missed out on acquiring a potential blockbuster weight-loss drug, orforglipron, which Eli Lilly acquired for $50 million and is projected to generate up to $14 billion annually by 2032. Roche's cautious approach, influenced by past setbacks, led to this missed opportunity. Roche re-entered the obesity market in 2023 but is expected to lag behind competitors like Eli Lilly and Novo Nordisk.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 5:56 pm

AMAT

AMCR

COHR

DIA

FLO

GDX

GLOB

HRB

IWM

MRVI

QQQ

RGEN

SPY

XLC

XLF

XLRE

XLY

Wall Street saw modest gains on Friday, driven by improved consumer sentiment and strong economic data. Gold hit a record high, boosting mining stocks, while oil prices dipped due to geopolitical developments. Key ETFs and stocks showed varied performances, with notable movements in H&R Block, Amcor, Applied Materials, Coherent, Flower Foods, Globant, and Repligen.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 5:38 pm

TNXP

Tonix Pharmaceuticals' live virus vaccine candidate, TNX-801, shows long-term protection from mpox and smallpox with a single dose in animal studies. The company is advancing its development, and the vaccine has been selected by the NIH for Project NextGen. The stock saw a 4.01% increase, trading at $0.48.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 5:29 pm

DRUG

Bright Minds Biosciences Inc. (NASDAQ:DRUG) reported a significant reduction in net losses for Q3 2024, driven by the timing of program starts and completions within their drug portfolio. The company holds $6.2 million in cash and raised $900,000 through equity financing. Ongoing R&D efforts focus on 5-HT2C and 5-HT2A receptor agonists, with successful Phase 1 trials and preparatory work for Phase 2 studies. Despite progress, the company faces risks related to regulatory approvals, financing, and clinical trial uncertainties.

Portfolio Pulse from Juan Spínelli

August 16, 2024 | 5:11 pm

VRNOF

Mike Tyson's cannabis brand, TYSON 2.0, is expanding into Florida and Illinois through a partnership with Verano Holdings Corp. (CSE:VRNO, OTCQX:VRNOF). The deal will leverage Verano's cultivation facilities and dispensaries to distribute TYSON 2.0 products, including Mike Bites edibles and vape cartridges. This expansion aims to enhance TYSON 2.0's market presence in these states.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 5:06 pm

BKR

UNG

USO

The latest Baker Hughes report shows a decrease in the U.S. oil rig count by 2 to 483, while the gas rig count increased by 1 to 98. The total rig count now stands at 586, down from 588 previously.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:04 pm