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RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading slightly higher by 1.4% to $17.75, rebounding after Monday's weakness. The stock is gaining due to expectations of a Federal Reserve rate cut in September, which could boost growth stocks like Rivian by reducing borrowing costs and increasing consumer spending on large purchases such as electric vehicles.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 5:31 pm

SMG

Scotts Miracle-Gro (SMG) will detail its operating and financial targets at the 'Meet The Management' Investor Day in Marysville, Ohio. The company reaffirms its fiscal year 2024 guidance and outlines a three-year plan to achieve a 3% average annual growth rate.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:31 pm

CSX

NSC

UNP

Shares of railroad companies are trading higher amid possible optimism that the Federal Reserve will cut interest rates.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:30 pm

NTWK

NETSOL Technologies shares are trading higher after the company announced it signed a $16 million agreement with an automaker.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:23 pm

AAPL

Apple's iOS 18 public beta introduces significant user experience enhancements and advanced AI technologies, driving a 21% increase in its stock value. The company's financial health remains robust, with strong investor confidence and a bullish stock trend.

Portfolio Pulse from Zaheer Anwari

July 16, 2024 | 5:20 pm

BIDU

Goldman Sachs analyst Lincoln Kong projects a 54.6% upside for Baidu (NASDAQ:BIDU) due to its Robotaxi initiative. Key factors include policy support, fleet expansion, and improved unit economics. Despite near-term advertising challenges, Baidu's cloud business is expected to grow in the second half of 2024.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 5:19 pm

CRLBF

CURLF

GTBIF

Illinois celebrated the opening of its 100th social equity-owned cannabis dispensary, highlighting its efforts to foster diversity in the cannabis industry. A state-commissioned study found that 60% of cannabis licenses were awarded to minority- or women-owned businesses. Illinois' cannabis sales have surpassed $1 billion, benefiting companies like Cresco Labs, Green Thumb Industries, and Curaleaf Holdings.

Portfolio Pulse from Patricio Liddle

July 16, 2024 | 5:19 pm

RWT

Over the past three months, 6 analysts have evaluated Redwood Trust (NYSE:RWT) with varying opinions. The average 12-month price target is $7.29, with a high of $8.00 and a low of $6.50. Recent analyst actions include JP Morgan raising its target to $7.50 and Jones Trading announcing a $7.25 target. Redwood Trust has shown strong financial performance with significant revenue growth and high net margins, but it also has a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 5:00 pm

DV

Analysts have provided mixed evaluations for DoubleVerify Holdings (NYSE:DV) over the past three months, with a notable decline in the average 12-month price target. Recent actions by analysts include lowering ratings and price targets, reflecting cautious sentiment. Despite strong financial metrics like ROE and ROA, the company's net margin and revenue growth lag behind industry averages.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 5:00 pm

XPEV

XPeng Inc (NYSE:XPEV) shares are trading higher by 4.8% to $8.77 following China's announcement of a lower-than-expected GDP growth of 4.7% for Q2. The economic report indicates a slowdown in retail sales growth and rising unemployment, which can reduce consumer confidence and impact car sales. Deflationary pressures are also leading to price cuts on goods, including cars, potentially squeezing profit margins for XPeng.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 4:45 pm