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LVRO

Lavoro shares have seen an uptick following Stifel's initiation of coverage with a Buy rating and a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:19 pm

UTI

Universal Technical Institute's stock is trading higher following the announcement of Q4 sales that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:18 pm

AMX

America Movil Inc. (NYSE:AMX) saw a 0.90% drop in its share price to $17.57 in the current market session. Despite a 6.77% increase over the past month, the stock has decreased by 11.52% over the past year. The company's P/E ratio of 11.92 is lower than the Wireless Telecommunication Services industry average of 41.07, which could indicate undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:15 pm

OTLY

Oatly Group AB's stock (OTLY) is trading higher following the announcement of its products now being available nationwide at Insomnia Cookies locations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:14 pm

NVDA

TSM

Analysts from Oppenheimer and UBS have reiterated positive ratings on Nvidia Corp (NVDA), with price targets of $650 and $560 respectively, due to expected strong performance in data center and gaming segments, and an improvement in supply constraints. Taiwan Semiconductor Mfg. Co. Ltd. (TSM) is expected to increase CoWoS capacity, which should ease supply constraints for Nvidia. The U.S. government's export restrictions to China may affect Nvidia's sales, but new product announcements are expected to comply with these restrictions. Nvidia's gross margin is expected to rise, and revenue and EPS projections for Q3 and Q4 are above consensus estimates.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 5:07 pm

DRMA

FIXX

PLCE

SONO

VLCN

WAVD

WMT

U.S. stocks traded lower, with the Dow Jones down 0.40%, NASDAQ down 0.35%, and S&P 500 down 0.23%. Walmart's shares fell 7% post Q3 results, despite beating sales and EPS estimates, as it raised FY24 EPS guidance slightly below the estimate. Crude oil prices dropped 4.3%, while utilities shares surged by 1%. Other notable movements included Sonos up 17% after strong Q4 results, WaveDancer up 60% following a merger agreement, and Dermata Therapeutics up 22% after an FDA agreement. Conversely, Volcon plunged 68% due to a public offering, The Children's Place fell 26% after weak earnings, and Homology Medicines dropped 38% after announcing a stock transaction merger.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 5:02 pm

AAP

Advance Auto Parts Inc. (NYSE:AAP) reported a loss in Q3 FY23 with sales of $2.719 billion, slightly above estimates, but an EPS loss of 82 cents. The company reduced its FY23 EPS outlook significantly from the prior view of $4.50-$5.10 to $1.40-$1.80, well below the $4.65 estimate. Revenue outlook was also revised to $11.250-$11.300 billion. Following the results, AAP shares dropped 7.3%. Analysts from B of A Securities, Goldman Sachs, Wedbush, and JP Morgan have subsequently lowered their price targets on AAP, with B of A Securities also downgrading the stock to Underperform.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 5:02 pm

GT

Deutsche Bank upgraded Goodyear Tire & Rubber (NASDAQ:GT) to Buy with a new price target of $21.00, up from $13.00. Goodyear's shares are currently trading at $14.14, and the new target suggests a potential upside of 48.47%. Goodyear manufactures and sells rubber tires for various vehicles and operates through three segments: Americas; EMEA; and Asia Pacific.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm

AIRS

Morgan Stanley has maintained its Equal-Weight rating on AirSculpt Technologies (NASDAQ:AIRS) but reduced its price target from $8.00 to $6.00. Despite this, AIRS shares have risen 7.18% in the last 24 hours to $5.52. The new price target suggests a potential upside of 8.7%. AirSculpt Technologies specializes in body contouring procedures through its Elite Body Sculpture brand, focusing on minimally invasive fat removal for optimal patient results.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm

ARR

B. Riley Securities has maintained a Neutral rating on ARMOUR Residential REIT (NYSE:ARR) while raising its price target from $17.00 to $20.00. ARMOUR Residential REIT's shares are currently trading at $16.73, down 0.3% over the last 24 hours. The new price target suggests a potential upside of 19.55% from the current share price. ARMOUR Residential REIT invests in residential mortgage-backed securities, with most of its investments being long-term, fixed-rate agency RMBS guaranteed by Fannie Mae.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm