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Several S&P 500 stocks are trading at over 40% discounts from their average year-ahead price targets set by analysts. This situation reflects market volatility, economic downturns, industry-specific challenges, or company-specific issues. While these discounts suggest potential upside, analyst forecasts are not always accurate. The article lists 10 such stocks, including Moderna, General Motors, Albemarle, Illumina, Warner Bros. Discovery, SolarEdge Technologies, First Solar, United Airlines Holdings, Delta Air Lines, and Bio-Rad Laboratories.

Portfolio Pulse from Piero Cingari

November 24, 2023 | 6:34 pm

ITW

Illinois Tool Works Inc. (NYSE:ITW) stock has seen a recent increase, with a 0.48% spike in the current session and an 8.33% rise over the past month. The P/E ratio of ITW, at 23.37, is slightly higher than the Machinery industry average of 23.32, which could suggest that investors expect better future performance or that the stock is overvalued. Investors are advised to use the P/E ratio cautiously and consider it alongside other financial metrics and industry trends.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 6:30 pm

UBS

UBS Group AG's CEO Sergio Ermotti, at a Swiss Risk Association event, claimed UBS to be one of the world's safest large banks, with a strong cushion to prevent taxpayer loss. He mentioned that in a recovery scenario, a private international buyer would be preferable. Ermotti also called for enhanced regulatory measures and revisions to the international liquidity framework to suit the digital banking era.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 6:18 pm

AMZN

SONY

Amazon.com, Inc (NASDAQ:AMZN) is offering a Black Friday deal on Sony Group Corp.'s (NYSE:SONY) PlayStation 5 Disc Edition, selling it at $449.99, a $50 discount from the original price. The PS5 Disc Edition is compatible with various accessories and is popular for its advanced hardware and exclusive game lineup. It also includes a built-in drive for physical media.

Portfolio Pulse from Franca Quarneti

November 24, 2023 | 6:17 pm

CELU

Celularity Inc. (NASDAQ:CELU) received a notice from Nasdaq for not filing its Q3 Form 10-Q on time, violating listing requirements. The company must submit a compliance plan by January 22, 2024, and regain compliance by May 20, 2024. Celularity is also not meeting Nasdaq's minimum bid price requirement and has until March 11, 2024, to comply, potentially through a reverse stock split. There's no assurance that Celularity will meet these requirements to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 6:16 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) has launched a Black & Yellow Friday sale from November 24-26, offering one-way flights starting at $20 and bonus Free Spirit Points for bookings made during the sale period. Customers can earn up to 500 points for roundtrip flights and 250 points for one-way flights. Additionally, Spirit Vacations is offering a 20% discount on all-inclusive resorts in various destinations. Despite a 6.3% year-over-year decline in Q3 FY23 revenue, the company's financial performance slightly beat consensus estimates. Spirit's stock closed slightly higher on Friday.

Portfolio Pulse from Lekha Gupta

November 24, 2023 | 6:12 pm

AAPL

Apple Inc. (AAPL) experienced a 4% decline in smartphone sales during China's Singles Day, while Huawei's sales surged by 66%. Despite this, Apple's stock price has risen 15% since October and is up 46% for 2023, indicating strong investor confidence. The stock is now nearing the all-time high resistance level of $198, close to the $200 milestone.

Portfolio Pulse from Zaheer Anwari

November 24, 2023 | 6:05 pm

IMAC

IMAC Holdings Inc received a non-compliance letter from Nasdaq regarding the Equity Rule, as per a recent SEC filing. This could affect the company's listing status if not addressed.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 6:05 pm

BARK

BARK, Inc. received a notice from the NYSE for non-compliance with the Minimum Stock Price Standard, as its stock price averaged below $1.00 over 30 days. The company has six months to regain compliance, potentially through measures like a reverse stock split. The notice does not affect BARK's current NYSE listing or business operations.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 6:01 pm

ALL

Over the past 15 years, Allstate (NYSE:ALL) has produced an average annual return of 13.09%, outperforming the market by 1.0% annually. A $1000 investment in ALL 15 years ago would be worth $5,376.97 today. The company's current market capitalization is $35.80 billion.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 6:00 pm