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USO

Oil prices dropped as Gaza ceasefire talks progressed and China released weak economic data. The United States Oil Fund (NYSE:USO) saw a sharp decline as WTI light crude futures fell 3% below $76 per barrel. China's economic data showed slowing industrial production and rising unemployment, adding pressure to oil prices.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 1:14 pm

PHO

PIO

ROP

Roper Technologies, Inc. (NASDAQ:ROP) has agreed to acquire Transact Campus, Inc. for $1.5 billion. The acquisition will merge Transact with Roper's CBORD business, enhancing their campus technology and payment solutions. The deal is expected to close this quarter, funded through Roper's cash reserves and revolving credit facility. Transact is projected to generate $325 million in revenue and $105 million in EBITDA by 2025. ROP shares closed higher by 3.52% following the announcement.

Portfolio Pulse from Lekha Gupta

August 16, 2024 | 1:13 pm

DIS

Walt Disney Co (NYSE:DIS) announced new projects for its parks and cruises, but rising costs are making it difficult for families to afford visits. Despite a 3% revenue increase from U.S. parks, domestic attendance fell short of expectations. Disney plans a $60 billion investment in parks and cruises over the next decade.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 1:05 pm

PTEN

Six analysts have recently assessed Patterson-UTI Energy (NASDAQ:PTEN), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has declined by 10.48% to $13.58. Analysts from Barclays, RBC Capital, Stifel, B of A Securities, Piper Sandler, and Susquehanna have all lowered their price targets. Despite strong revenue growth and a high ROE, the company faces challenges with net margin and ROA.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 1:01 pm

TWO

Analysts' ratings for Two Harbors Investment Corp (NYSE:TWO) vary from bullish to bearish, with recent updates showing a mix of 'Buy', 'Neutral', and 'Market Outperform' ratings. The average 12-month price target has increased to $14.38, reflecting a 5.19% rise. Despite a significant revenue decline of -53.93% over the past three months, the company maintains strong net margins, ROE, and ROA, and a balanced debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 1:00 pm

SVA

SINOVAC reported a decrease in its H1 EPS to $(0.11) from $(0.15) year-over-year, and a decline in sales to $121.3 million from $140.4 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:55 pm

MSGE

Madison Square Garden Entertainment Corp (NYSE:MSGE) reported a 26% year-on-year revenue increase to $186.1 million for its fiscal fourth quarter, beating analyst estimates. Despite an adjusted EPS loss of $(0.53), the company saw significant growth in event-related and merchandise revenues. MSGE stock gained 9.60% premarket following the announcement.

Portfolio Pulse from Anusuya Lahiri

August 16, 2024 | 12:38 pm

NMHI

Nature's Miracle Holding (NASDAQ:NMHI) reported a Q2 EPS of $(0.07), a 250% decrease from $(0.02) YoY, with sales of $3.40M, a 75.20% increase from $1.94M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:35 pm

SHOT

Safety Shot (NASDAQ:SHOT) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.16) from $(0.01) YoY and sales falling to $710.24K from $2.37M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:31 pm

SPY

USA Building Permits for July decreased by 4.0% compared to the previous month, which had a 3.9% increase.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 12:30 pm