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NVDA

NVIDIA Corporation (NASDAQ:NVDA) is expected to report Q3 fiscal 2023 earnings of $3.36 per share on revenue of $16.12 billion, after market close on Nov. 21, 2023. The stock closed up 2.3% at $504.09 on Monday. NVIDIA is involved in a legal issue with Valeo SE over alleged data theft. Analysts from Stifel, Piper Sandler, Wedbush, Morgan Stanley, and Citigroup have provided ratings and price targets for NVIDIA, with accuracy rates ranging from 70% to 83%.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 4:24 pm

ATGL

Shares of Alpha Technology Group (ATGL) are experiencing a decline due to post-IPO volatility, which is common as the market assesses the new stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:21 pm

ULTA

Oppenheimer analyst Rupesh Parikh has maintained an Outperform rating on Ulta Beauty (NASDAQ: ULTA) but has reduced the price target from $540 to $525.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:21 pm

CNC

Centene Corporation (NYSE:CNC) has experienced a 15.87% increase in short interest since its last report, with 6.85 million shares sold short, representing 1.46% of its float. The average time to cover these short positions is 2.19 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Centene's short interest is below its peer group average of 3.21%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:15 pm

DG

Dollar General's (NYSE:DG) short interest has increased by 16.51% since the last report, with 5.41 million shares sold short, representing 2.47% of available shares. It would take about 1.41 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Dollar General has less short interest compared to its peer group average of 3.93%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:15 pm

TAK

Takeda Pharmaceutical's (NYSE:TAK) short interest has decreased by 6.67% since the last report, with 8.71 million shares sold short, representing 0.28% of available shares. The average time to cover these short positions is 3.53 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Takeda has a lower short interest compared to its peer group average of 3.25%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:15 pm

HMC

HYMTF

NSANY

TM

Nissan Motor Co Ltd (OTC:NSANY) is set to increase wages for its U.S. manufacturing plant workers by 10%, effective January 8th, following UAW's new contracts with Detroit Three automakers. This will affect around 9,000 U.S. workers and includes the elimination of wage tiers. The move aligns with wage increases by other automakers such as Hyundai (OTC:HYMTF), Toyota (NYSE:TM), and Honda (NYSE:HMC). Over the past three years, Nissan has raised wages by 12%-18.5% at its U.S. plants. NSANY shares dropped 1.38% to $7.87 in the last check.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 4:12 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) reported upbeat fiscal third-quarter results but shares continued to slide. Analysts from Mizuho Securities, Benchmark, Goldman Sachs, Needham, Oppenheimer, and KeyBanc Capital Markets provided mixed outlooks. Some see potential for growth re-acceleration through product diversification, while others remain cautious due to macro challenges and competition. Price targets range from $70 to $100, with ratings varying from Buy to Hold and Perform.

Portfolio Pulse from Priya Nigam

November 21, 2023 | 4:08 pm

ITB

XLRE

Morgan Stanley predicts a 3-5% drop in home prices in 2024, indicating a shift towards more affordable housing as mortgage rates ease. Freddie Mac reports the average 30-year fixed mortgage rate at 7.44%. Homeowners' reluctance to sell low-rate mortgages has led to the least affordable market since the 1980s. Goldman Sachs expects a modest 3% price drop by end of 2024. Real estate stocks, including REITs, have seen a positive trend in November, with the Real Estate Select Sector SPDR Fund (XLRE) up nearly 10%, and the U.S. iShares Home Construction ETF (ITB) up nearly 19%.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 4:06 pm

CME

CME Group Inc (NASDAQ:CME) is analyzed in comparison to its competitors in the Capital Markets industry. The analysis includes financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. CME Group, with its strong market position and growth prospects, shows potential for growth at a reasonable price, with a P/E ratio below the industry average. However, its P/S ratio suggests potential overvaluation relative to sales. The company's lower ROE indicates possible inefficiency in profit generation, but its higher EBITDA and gross profit suggest strong profitability and cash flow. CME Group's revenue growth surpasses the industry average, indicating market share gains. The company also has a lower debt-to-equity ratio compared to its top 4 peers, suggesting a strong financial position.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:00 pm