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ACN

BCUS

SXQG

Accenture Plc (ACN) reported Q2 fiscal 2024 sales of $15.80 billion, slightly missing consensus estimates but within its guided range. Adjusted EPS of $2.77 beat estimates. The company saw mixed revenue performance across its segments, with a notable decline in Communications, Media & Technology revenue. Accenture announced a quarterly dividend of $1.29 per share and provided a Q3 FY24 revenue outlook below consensus estimates. The company also revised its fiscal 2024 adjusted EPS and revenue growth forecasts downwards. Despite a 35% gain in the last 12 months, ACN shares fell 8.75% following the announcement. Investors can also gain exposure to ACN through SXQG and BCUS ETFs.

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 5:05 pm

NKE

A significant shift in the options market for Nike (NYSE:NKE) has been observed, with a nearly even split between bullish and bearish sentiments among big-money investors. The options scanner at Benzinga detected 36 unusual trades, indicating a potential insider knowledge of upcoming developments. The trades are focused on a price range of $75.0 to $120.0 for Nike, with notable activity in both puts and calls. Nike's current market performance shows a 1.38% increase in stock price to $101.65, with a neutral RSI. Analyst ratings in the last 30 days present an average price target of $114.8, with varied recommendations from Buy to Sell.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:02 pm

111 Inc.'s shares are trading lower following the announcement of a year-over-year decrease in their Q4 revenue results.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:02 pm

NET

Deep-pocketed investors have shown a bearish sentiment towards Cloudflare (NYSE:NET), with options market activity indicating a divided mood: 45% bullish and 54% bearish. The options scanner revealed 11 unusual activities, with a price window targeted between $70.0 to $135.0. Cloudflare's current market position shows a 2.24% increase in stock price to $100.17, with a neutral RSI and an earnings announcement expected in 35 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:02 pm

PYPL

PayPal Holdings (NASDAQ:PYPL) has been analyzed by 17 analysts, showing a shift towards a more cautious stance in the last three months with a decrease in the average 12-month price target from $73.08 to $67.94. The analysis includes various actions by analysts such as maintaining, raising, and lowering ratings and price targets. PayPal's financials indicate strong market position, profitability, and financial health, despite a revenue growth rate below the industry average.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:01 pm

AAPL

AVGO

IWM

Following the Federal Reserve's dovish signal, major US stock indices, including the S&P 500 and Nasdaq 100, hit new record highs. The iShares Russell 2000 ETF (IWM) also saw gains. Apple Inc. (AAPL) shares dropped due to an antitrust lawsuit. The SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) all rose. Micron Technology (MU) surged after earnings, while Broadcom Inc. (AVGO) benefited from a bullish analyst note. Other notable stock movements were linked to earnings reports.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 5:00 pm

NOVA

Sunnova Energy's stock is trading higher after Goldman Sachs reaffirmed a Buy rating, despite reducing the price target from $16 to $14.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:58 pm

AAPL

AMZN

GOOG

GOOGL

META

Apple Inc (AAPL) faces a DOJ antitrust lawsuit challenging its core business model, particularly its control over iPhone hardware and software access. Wedbush analyst Daniel Ives predicts a long legal battle but no immediate changes to Apple's business model. He notes this lawsuit is part of a broader antitrust effort under the Biden Administration targeting big tech companies including Alphabet (GOOG/GOOGL), Meta (META), and Amazon (AMZN). Apple's stock dropped 3.74% following the announcement.

Portfolio Pulse from Chris Katje

March 21, 2024 | 4:58 pm

FCX

IOT

UBER

CNBC's 'Final Trades' segment featured recommendations on several stocks, including Freeport-McMoRan Inc. (FCX), Uber Technologies Inc. (UBER), The Blackstone Group Inc. (BX), and Samsara Inc. (IOT). These companies were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:57 pm

LRCX

Lam Research Corporation (LRCX) shares increased by 4.7% to $993.54, influenced by Micron's positive Q2 financial results and Q3 guidance. Micron reported $5.82 billion in revenue and a profit of 42 cents per share, exceeding expectations. Despite this, analysts have mixed views on LRCX, with an average 12-month price target of $902.58, suggesting potential downside. LRCX has risen 89.29% year-to-date, with a 52-week range between $478.77 and $1,007.39.

Portfolio Pulse from Henry Khederian

March 21, 2024 | 4:55 pm