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AAPL

TSLA

The S&P 500 has confirmed a head and shoulders topping pattern, suggesting a potential further downside to $4100. Key stocks like Apple, Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA) have shown signs of distribution, contributing to less bullish breadth conditions. The bearish tone is expected to continue into the coming week, with the recent selloff partly attributed to the Fed meeting and Powell's press conference.

Portfolio Pulse from David Keller

September 26, 2023 | 4:00 pm

MYNZ

In the last quarter, Mainz Biomed (NASDAQ:MYNZ) received 5 analyst ratings, with 2 being bullish and 3 somewhat bullish. The company has an average 12-month price target of $8.6, which has increased by 1.18% over the past month.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:00 pm

WDAY

Over the past 3 months, 30 analysts have published their opinion on Workday (NASDAQ:WDAY) stock. The company has an average price target of $259.77, which has increased by 7.49% from the previous average price target of $241.66. The majority of the analysts are somewhat bullish on the stock.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:00 pm

NIO

NIO Inc's shares are trading higher after a significant drop on Monday due to a Bloomberg report suggesting the company was considering raising around $3 billion from Middle East investors. NIO clarified that it had no 'reportable capital raising activity' beyond its convertible notes offering. The European Union has launched an anti-subsidy probe into Chinese EVs, including NIO, to determine the extent of China's subsidies to these automakers.

Portfolio Pulse from Adam Eckert

September 26, 2023 | 3:56 pm

VLKAF

VWAGY

Volkswagen AG is reducing the production of several electric vehicle models at two German plants due to a decrease in European demand. The production of Volkswagen's ID.3 and Cupra's Born electric models will be reduced at the main EV plant in Zwickau until Oct. 16, and assembly of the ID.3 will stop in Dresden for the first two weeks of October.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 3:55 pm

AAPL

AMZN

GOOG

IWM

META

MSFT

SMIN

TSLA

India is emerging as a manufacturing powerhouse with Apple Inc (AAPL) increasing production in the country. Other major companies like Tesla Inc (TSLA), Alphabet Inc Class C (GOOG), Microsoft Corp (MSFT), Amazon.com, Inc. (AMZN), and Meta Platforms Inc (META) are also exploring or have made significant investments in India. Small caps in India have outperformed US small caps by 18.2% year to date. However, India's market is currently overbought and expensive, suggesting investors should wait for a pullback before buying.

Portfolio Pulse from The Arora Report

September 26, 2023 | 3:48 pm

GWW

W.W. Grainger Inc.'s (NYSE:GWW) share price increased by 0.42% in the current market session to $692.79. Despite a 3.48% fall over the past month, the stock has risen by 40.29% over the past year. The company's P/E ratio of 19.89 is higher than the industry average of 16.39, suggesting that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 3:46 pm

ADPT

Adaptive Biotechnologies Corporation (NASDAQ:ADPT) shares are trading higher despite no company-specific news. The shares spiked just before the market close on Monday and continued to rise on Tuesday on heavy trading volume. More than 2.64 million shares have been traded in the session, compared to the stock's 100-day average of 1.179 million shares. 9.24% of available ADPT shares are being sold short, and the ticker is listed as one of the top trending on Yahoo! Finance.

Portfolio Pulse from Erica Kollmann

September 26, 2023 | 3:39 pm

META

NVDA

Meta Platforms, Inc. (NASDAQ:META) is set to unveil advancements at its annual Connect developer conference, including the launch of Quest 3, a VR headset, and possibly early versions of AI agents. Bank of America's equity analyst Justin Post outlined key areas for investors to scrutinize during the event, including Meta's Metaverse platform investment, developer momentum, AI innovation, and investment spending plans for 2024. The bank holds a Buy rating on Meta’s stock with a 1-year price target of $375. Meta's stock has increased by 140% in 2023, making it the second-best performer among S&P 500 and Nasdaq 100 stocks, behind Nvidia Corp. (NASDAQ:NVDA).

Portfolio Pulse from Piero Cingari

September 26, 2023 | 3:37 pm

AVGO

A significant number of investors have taken a bearish stance on Broadcom (NASDAQ:AVGO), with 58% of detected trades being bearish. The targeted price range for Broadcom over the last 3 months is from $570.0 to $1220.0. The current price of AVGO is down -1.63% at $820.3. Analysts from Oppenheimer, Baird, and Truist Securities maintain an Outperform or Buy rating on Broadcom, with price targets ranging from $990 to $1000. Benchmark downgraded its action to Buy with a price target of $950, while Wells Fargo maintains an Equal-Weight rating with a price target of $900.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 3:31 pm