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Clear Secure shares are trading higher following the release of better-than-expected Q2 financial results and Q3 revenue guidance above estimates. The company also reported a year-over-year increase in Q2 Bookings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 6:06 pm

UBER

JP Morgan analyst Doug Anmuth maintained an Overweight rating on Uber Technologies, Inc (NYSE:UBER) due to strong second-quarter performance, including Gross Bookings of ~$40 billion and EBITDA of $1.57 billion. Uber's Mobility and Delivery segments showed growth, and the company is focusing on profitability and free cash flow. The stock is expected to trade up.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 6:01 pm

SIBN

SI-BONE (NASDAQ:SIBN) has received mixed analyst ratings over the past three months, with a recent trend towards lowering price targets. The average 12-month price target has dropped by 17.2% to $19.25. Despite strong revenue growth, the company faces challenges with profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:01 pm

HUN

Analysts' ratings for Huntsman (NYSE:HUN) over the last quarter show mixed sentiments, with recent adjustments mostly lowering price targets. The average 12-month price target has decreased by 3.88% to $24.8. Financial metrics indicate challenges, including a decline in revenue growth and below-industry-average profitability ratios.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:00 pm

NOW

ServiceNow (NYSE:NOW) has significantly outperformed the market over the past 5 years, delivering an average annual return of 25.56%. A $1000 investment in NOW 5 years ago would be worth approximately $3,058.98 today. The article highlights the power of compounded returns in growing investments over time.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:00 pm

RJF

Raymond James Financial (NYSE:RJF) has outperformed the market over the past 10 years, delivering an average annual return of 12.14%. A $1000 investment in RJF 10 years ago would be worth $3,151.25 today. The article highlights the impact of compounded returns on long-term investment growth.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:00 pm

CTV

Innovid (NYSE:CTV) has received mixed analyst ratings over the past three months, with a majority being bullish. Analysts have set a 12-month price target range of $2.50 to $3.00, with an average target of $2.9, reflecting a slight increase from previous estimates. Despite positive revenue growth, the company faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 6:00 pm

LUMN

MSFT

Lumen Technologies (NYSE:LUMN) shares surged 88.4% after announcing $5 billion in new business, driven by demand for fiber capacity due to AI. The company plans to double its intercity network miles and has partnered with Corning for next-gen fiber-dense cable. Lumen is also working with Microsoft (NASDAQ:MSFT) to secure an additional $7 billion in potential sales opportunities.

Portfolio Pulse from Dylan Berman

August 06, 2024 | 5:50 pm

SGMO

Sangamo Therapeutics (NASDAQ:SGMO) shares surged after announcing a license agreement with Genentech to develop genomic medicines for neurodegenerative diseases. The deal includes $50 million in upfront fees and potential milestones up to $1.9 billion.

Portfolio Pulse from Erica Kollmann

August 06, 2024 | 5:39 pm

LUMN

PLTR

Jim Cramer praised Palantir Technologies Inc (PLTR) for proving the AI story is real, highlighting its strong Q2 performance with a 27% revenue increase and significant growth in customer count. Lumen Technologies Inc (LUMN) also secured $5 billion in new AI-related business. Cramer criticized journalists for downplaying AI's impact and emphasized that recent earnings reports show continued investment in AI development.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 5:37 pm