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AAPL

GOOG

GOOGL

META

QQQ

The article discusses the current state of the stock market, highlighting the resistance zone of Invesco QQQ Trust Series 1 (QQQ) and the potential impact of upcoming CPI and PPI data. It mentions Apple Inc's (AAPL) talks with OpenAI to integrate ChatGPT on iPhones, which is seen as negative for Alphabet Inc (GOOG, GOOGL). The article also notes positive early trade money flows in AAPL, Amazon.com Inc (AMZN), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA), with negative flows in GOOG and Meta Platforms Inc (META), and mixed flows in QQQ and SPY. Additionally, it mentions the buying of gold, oil, and Bitcoin in early trade.

Portfolio Pulse from The Arora Report

May 13, 2024 | 3:22 pm

FTRE

PSCH

VIOV

Fortrea Holdings Inc. (NASDAQ:FTRE) shares plummeted after reporting disappointing Q1 FY24 results and lowering its revenue forecast. The company missed revenue expectations with $662.1 million against a consensus of $754.6 million and reduced its FY24 revenue guidance from $3.14-$3.205 billion to $2.785-$2.855 billion. Adjusted EBITDA and EPS also fell short of expectations, with significant declines from the previous year. Fortrea is in the process of divesting its Endpoint Clinical and Fortrea Patient Access businesses to an affiliate of Arsenal Capital Partners, expected to close in Q2. Investors can also gain exposure to Fortrea through Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) and Vanguard S&P Small-Cap 600 Value ETF (NYSE:VIOV).

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 3:21 pm

GTBIF

HITI

RTON

TCNNF

VRNOF

Florida's cannabis market is expanding with new dispensaries from Green Thumb Industries, Verano Holdings, and Trulieve Cannabis. Other states and Canada also see growth in cannabis retail, with new stores and expansions from various companies including High Tide Inc. and Right on Brands.

Portfolio Pulse from Jelena Martinovic

May 13, 2024 | 3:18 pm

AMZN

GOOGL

META

MSFT

NVDA

TSLA

The stock market has shown resilience with the S&P 500 up 9.5% year to date, benefiting from a quiet week in economic data and earnings announcements. Key insights include the S&P 500's exposure to China, the significant global employment by its companies, and the complex relationship between interest rates and stock performance. Corporate America's profit margins are improving, and the near-term earnings outlook is positive. The 'Magnificent 7' stocks have led market gains but are expected to see cooling earnings growth. Stock buyback activity remains high, and recession concerns are diminishing. Historical data suggests that the stock market generally trends upwards, with seasonal patterns indicating potential buying opportunities ahead.

Portfolio Pulse from Sam Ro

May 13, 2024 | 3:14 pm

TMCI

Treace Medical (TMCI) projects its FY24 revenue to be in the range of $201M to $211M, surpassing the estimated $205.41M as discussed in their conference call.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:05 pm

SPY

The NY Fed reported an increase in the expected inflation rates for the next 1, 3, and 5 years, with a notable rise in the year-ahead expected home price rise to 3.3%, the highest since July 2022. Respondents anticipate higher future prices for food, rent, medical care, and gas, alongside an increase in expected future spending levels.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:03 pm

CCOI

Analysts have recently updated their ratings and price targets for Cogent Comms Hldgs (NASDAQ:CCOI), reflecting a mix of lowered and raised expectations. The average 12-month price target now stands at $81.62, down from $83.12, indicating a slight bearish sentiment. The company's financial overview shows a strong market presence but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 3:01 pm

AVGO

34 analysts have recently updated their ratings on Broadcom (NASDAQ:AVGO), showing a diverse range of opinions from bullish to bearish. The average 12-month price target for AVGO has increased by 14.88% to $1553.29. Analyst actions include various adjustments to ratings and price targets, reflecting a positive sentiment overall. Broadcom's financials indicate strong revenue growth and net margin, but challenges in asset utilization and debt management.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 3:01 pm

ATO

Atmos Energy (NYSE:ATO) received varied analyst ratings in the last quarter, with an average 12-month price target of $128.25, indicating a 4.27% increase from the previous target. The company, a leading natural gas utility in the U.S., shows strong revenue growth and net margin but below-average ROE and ROA. Analysts from Mizuho, Wells Fargo, UBS, and Barclays adjusted their ratings and price targets, reflecting optimism about the company's financial health and market position.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 3:00 pm

HURN

Four analysts have recently evaluated Huron Consulting Group Inc (NASDAQ:HURN), showing a mix of bullish and bearish sentiments. The average 12-month price target is now $136.5, marking a 4.6% increase from the previous $130.50. Huron's financial performance includes an 11.34% revenue growth rate as of March 31, 2024, a net margin of 4.96%, and a ROA of 1.38%, indicating strong profitability and asset management. However, its ROE of 3.5% suggests challenges in utilizing equity capital efficiently.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 3:00 pm