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TREE

LendingTree (NASDAQ:TREE) has received mixed analyst ratings over the past quarter, with 3 bullish and 2 somewhat bullish ratings. Analysts have raised their 12-month price targets, with the average target now at $56.4, marking a 26.46% increase from the previous average. Despite positive analyst sentiment, LendingTree faces financial challenges, including declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 12:00 pm

TRVN

Trevena shares are trading higher after the company announced promising preclinical data for TRV045, showing long-term analgesic effects in a neuropathic pain model. Additionally, TRV045 results have led to further NIH-initiated studies in epilepsy prevention and treatment.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:56 am

JBL

Jabil has reiterated its Fiscal Year 2024 outlook, projecting net revenue of $28.5 billion, a core operating margin of 5.6%, core diluted earnings per share of $8.40, and adjusted free cash flow of over $1 billion. These figures are in line with market estimates.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:51 am

JBL

Jabil Inc. (JBL) has released its Q4 fiscal year 2024 outlook, projecting net revenue between $6.3 billion and $6.9 billion, and adjusted EPS between $2.03 and $2.43, compared to the estimated $2.22. The company also provided GAAP and non-GAAP operating income and EPS ranges.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:48 am

JBL

Jabil (NYSE:JBL) reported Q3 2024 adjusted EPS of $1.89, beating the estimate of $1.85. Sales were $6.765 billion, surpassing the $6.526 billion estimate but reflecting a 20.18% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:46 am

SVCO

Silvaco Group expects FY24 revenue of $63.0M-$66.0M, representing a 16%-22% increase from 2023. Gross bookings are projected at $64.0M-$68.0M, a 10%-17% increase. Non-GAAP gross margin is expected to be 85%-87%, and non-GAAP operating income is forecasted at $8.0M-$11.0M, an 82%-150% increase.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:38 am

SVCO

Silvaco Group expects Q2 2024 revenue between $14.3M and $15.0M, a 14% to 20% increase from Q2 2023. Gross bookings are projected between $17.0M and $18.5M, an 18% to 29% increase. Non-GAAP gross margin is expected to be 85% to 87%, and non-GAAP operating income is forecasted to be $0.5M to $1.5M, a 62% to 185% increase from Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:36 am

DIA

MSFT

NVDA

QQQ

SPY

On June 18th, U.S. stock markets closed in green with the S&P 500 and Nasdaq reaching record highs, driven by Nvidia's surge. Nvidia overtook Microsoft to become the world's most valuable company. U.S. retail sales rose 0.1% in May, missing expectations, while industrial production increased by 0.9%. Most S&P 500 sectors closed higher, led by industrials, tech, and financials. Asian markets showed mixed results, while European markets advanced. Crude oil hit $80 again.

Portfolio Pulse from Akanksha Bakshi

June 20, 2024 | 11:36 am

BG

BP

Bunge Global has agreed to sell its 50% share in BP Bunge Bioenergia to BP for net proceeds close to $800M. The transaction is expected to close in Q4 2024, making BP the sole owner of the business.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:34 am

SVCO

Silvaco Group reported Q1 earnings per share (EPS) of $0.12, beating the estimate of $0.06. However, their sales of $15.89 million slightly missed the estimate of $15.90 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:32 am