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EGRNF

Shares of China Evergrande Group (OTC:EGRNF) have been suspended in Hong Kong amid reports of police surveillance on its chairman. The company, which defaulted in 2021, faces a winding-up petition hearing on October 30. Evergrande recently postponed a debt restructuring meeting with creditors due to disappointing sales figures. The company reported a loss of 33 billion yuan ($4.15 billion) for H1 2022. The founder's net worth has dropped from $42 billion in 2017 to $1.8 billion.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 12:19 pm

KMX

Used vehicle retailer CarMax Inc (KMX) reported a Q2 FY24 revenue decline of 13.2% YoY to $7.07 billion, beating the analyst consensus estimate of $7.03 billion. The company sold fewer units due to vehicle affordability challenges, inflationary pressures, higher interest rates, and low consumer confidence. Gross profit was down 5.5% YoY and EPS of $0.75 missed the consensus estimate of $0.78. KMX shares are trading lower by 11.5% in premarket.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 12:17 pm

ATO

BKH

MSEX

UTL

The article lists four utilities stocks that are currently oversold, presenting a potential buying opportunity. These include Black Hills Corporation (BKH), Unitil Corporation (UTL), Middlesex Water Company (MSEX), and Atmos Energy Corporation (ATO). All four companies have recently experienced a drop in their stock prices, with their Relative Strength Index (RSI) values falling below 30.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:15 pm

DOGEUSD

ETHUSD

SHIBUSD

The article discusses the potential returns of investing $10 monthly in Shiba Inu (CRYPTO: SHIB) since the beginning of 2021. The total investment would have amounted to $330, but the portfolio value would have soared to $566,580.70 today. The article also mentions key events that brought Shiba Inu into the spotlight, such as a tweet from Elon Musk and a substantial donation by Ethereum co-founder Vitalik Buterin.

Portfolio Pulse from Mehab Qureshi

September 28, 2023 | 12:15 pm

CHS

Trading of Chico's FAS shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:10 pm

HPQ

LZB

RBLX

WSM

Insiders at Williams-Sonoma, HP, Roblox, and La-Z-Boy have recently sold significant amounts of shares. Williams-Sonoma's CEO sold 100,000 shares, HP's 10% owner sold over 4.6 million shares, Roblox's Director sold 8,333 shares, and La-Z-Boy's Director sold 4,582 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

September 28, 2023 | 12:04 pm

TOPS

TOP Ships Inc. has announced a 1-for-12 reverse stock split, which is expected to take effect from the opening of trading on Friday, September 29, 2023. The company's common stock will begin trading on a split-adjusted basis from this date.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:02 pm

INFN

Over the past 3 months, 7 analysts have published their opinion on Infinera (NASDAQ:INFN) stock. The company has an average price target of $6.73, representing a 25.22% decrease from the previous average price target of $9.00. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 12:00 pm

A

Analysts have provided various ratings for Agilent Technologies (NYSE:A) over the last quarter, with an average price target of $132.6, implying an upside from the current price of $110.5. This average has decreased by 5.2% from the previous average price target of $139.88.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 12:00 pm

EXAS

7 analysts have given their ratings on Exact Sciences (NASDAQ:EXAS) over the last quarter, with 3 being bullish, 2 somewhat bullish, and 2 indifferent. The average price target is $102.0, implying an upside from the current price of $67.46. The average price target has increased by 16.8% over the past month.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 12:00 pm