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GIII

HMC

MNSO

VSTA

The article lists five consumer stocks that are considered overbought and may collapse this quarter. These include MINISO Group Holding Limited (MNSO), Vasta Platform Limited (VSTA), Toyota Motor Corporation (TM), Honda Motor Co., Ltd. (HMC), and G-III Apparel Group, Ltd. (GIII). The Relative Strength Index (RSI) values for these stocks are above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:18 am

ADBE

VNO

Several analyst forecasts were released on Friday, with price target changes for Unity Software, Vornado Realty Trust, STAAR Surgical Company, BioLineRx, Adobe, KeyCorp, Apellis Pharmaceuticals, Estée Lauder Companies, Lindsay Corporation, New Relic, and MorphoSys. Most of the stocks were upgraded, with the exception of Vornado Realty Trust, Lindsay Corporation, and New Relic which were downgraded.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 11:17 am

CTLT

Catalent Inc. has received a notice from the New York Stock Exchange (NYSE) regarding the late filing of its Form 10-K. The company is working to resolve the issue and expects to file the form soon.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 11:01 am

GLW

JNPR

NOK

Benzinga has highlighted three high-yielding tech stocks recommended by Wall Street's most accurate analysts. These include Juniper Networks, Inc. (JNPR) with a dividend yield of 3.11%, Nokia Oyj (NOK) with a yield of 3.37%, and Corning Incorporated (GLW) with a yield of 3.56%. Recent news for these companies include Juniper's partnership with Savant Systems, Nokia's weaker-than-expected Q2 results, and Corning's downbeat Q2 earnings.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 10:56 am

ACB

CRON

IGC

KERN

LFLY

MSOS

SPY

TLRY

The Wall Street Journal reports that a cannabis banking measure may win approval in the Senate, according to NBC-TV. This could potentially impact the stocks of several cannabis-related companies and ETFs.

Portfolio Pulse from Charles Gross

September 15, 2023 | 10:53 am

NiSource Inc. plans to remarket its Series C Mandatory Convertible Preferred Stock as part of its 2021 Equity Units offering. The company states that this move aligns with its long-term financial plan.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:43 am

SHAK

Northcoast Research analyst Jim Sanderson has upgraded Shake Shack (NYSE:SHAK) from Neutral to Buy and announced a price target of $85.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:41 am

CCOI

MLAB

TRMB

Insiders at Cogent Communications, Weyerhaeuser, Trimble, and Mesa Laboratories have recently sold shares. This could indicate concern in the company’s prospects or that they view the stock as being overpriced. However, insider sales should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 10:38 am

ARM

CGC

HRYU

HYZN

IOVA

MITK

NKLA

Several stocks including Nikola Corporation, Iovance Biotherapeutics, Hanryu Holdings, Arm Holdings, Mitek Systems, Canopy Growth Corporation, and Hyzon Motors recorded gains in Friday's pre-market trading session. Notable movements include a 15.7% climb for Nikola shares, an 11.3% gain for Iovance following an FDA update, and a 6.5% rise for Arm Holdings after its U.S. stock market debut.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 10:37 am

ARM

Instacart is considering revising its IPO target price upwards to $28 - $30 per share, following the successful IPO debut of Arm Holdings Plc. The company's shares are expected to start trading on the Nasdaq exchange under the ticker 'CART'. If the higher pricing is pursued, Instacart's fully diluted valuation could reach nearly $10 billion. This decision reflects the growing investor appetite for IPOs. The company's revenue grew by 31% to $1.5 billion, with advertising and other businesses contributing to about 24% of this growth.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 10:19 am