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CNXA

Connexa Sports Techs (NASDAQ:CNXA) reported a Q2 loss of $(14.29) per share with sales of $2.30M, a 6.05% decrease from $2.44M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:23 pm

PCG

Pacific Gas & Electric (PCG) forecasts its FY24 earnings per share (EPS) to be in the range of $1.08 to $1.12.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:17 pm

PCG

Pacific Gas & Electric (PG&E) has provided its earnings per share (EPS) guidance for the fiscal year 2023, projecting an EPS range of $1.04 to $1.08.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:16 pm

BKNG

Booking Holdings (NYSE:BKNG) has seen a 19.02% increase in short interest since its last report, with 676 thousand shares sold short, representing 1.94% of its float. It would take about 2.07 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Booking Holdings has less short interest compared to its peer group average of 7.28%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 1:15 pm

Bank of New York Mellon (NYSE:BK) has seen a 21.0% increase in short interest since the last report, with 9.32 million shares sold short, representing 1.21% of available shares. The short interest is below the peer group average of 3.11%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 1:15 pm

ANSS

Ansys (NYSE:ANSS) has seen a 27.97% increase in short interest since its last report, with 1.25 million shares sold short, representing 1.83% of available shares. It would take about 2.07 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Ansys has less short interest compared to its peer group average of 3.33%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 1:15 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Bank of America forecasts the S&P 500 to reach 5,000 points by the end of 2024, a 10% increase from current levels. The bank favors cyclicals over tech giants (Magnificent 7) and expects a maturing economic cycle with increased efficiency and productivity. A 'soft landing' for the U.S. economy is anticipated, with inflation aligning with the Fed's 2% target. Interest rate cuts are expected to start in June 2024. The bank is bullish on Energy, Consumer Discretionary, Financials, and Real Estate sectors, while cautious on Consumer Staples, Health Care, and Technology due to regulatory, valuation, and crowding concerns.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 1:14 pm

LCFY

Locafy Limited (NASDAQ: LCFY), a SaaS company specializing in local search engine marketing, announced promising trial results for its Article Accelerator product. The trials, conducted with a major U.S.-based media publisher, showed significant increases in online visibility metrics for advertorials. The technology led to up to 71% increases in impression and visitor counts and a 193% increase in keyword rankings. Locafy's CEO, Gavin Burnett, expressed confidence in the technology's market potential and its ability to offer value to media organizations. The company has restructured its teams for scalable production and is conducting additional trials with a second media partner.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:13 pm

PCG

Pacific Gas & Electric (PG&E) has announced the reinstatement of its common stock dividend at $0.01 per share. This marks a significant step for the company as it works to regain financial stability and shareholder confidence after a period of challenges, including bankruptcy and liability for wildfire damages.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:12 pm

AFRM

BAH

BIG

CHPT

CROX

LASR

SHOP

XENE

Wall Street analysts have updated their price targets and ratings for several US-listed companies. UBS downgraded ChargePoint (CHPT) with a significant price target cut. RBC Capital and Raymond James raised their targets for Xenon Pharmaceuticals (XENE) and Crocs (CROX), respectively, with positive ratings. Telsey Advisory Group cut Big Lots' (BIG) target, while Jefferies upgraded Affirm Holdings (AFRM) with a substantial target increase. RBC Capital also upgraded Boeing (BA) with a notable target raise. Piper Sandler downgraded Shopify (SHOP), and Wells Fargo downgraded Booz Allen Hamilton (BAH) with minor target adjustments. Needham raised targets for nLIGHT (LASR) and Zscaler (ZS), maintaining positive ratings.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 1:09 pm