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ADI

TXN

Analog Devices, Inc (ADI) is facing inventory challenges and mixed reviews from top analysts. Raymond James analyst Melissa Fairbanks reiterated an Outperform on ADI with a price target of $200. Needham analyst N. Quinn Bolton maintained a Hold rating, citing inventory digestion across all end markets and a 4Q guidance below consensus. Oppenheimer analyst Rick Schafer reiterated an Outperform and a $215 price target, despite ADI's soft results and outlook. ADI shares traded lower by 2.17% at $173.63.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 5:53 pm

RIVN

Needham analyst Chris Pierce reiterated a Buy rating on Rivian Automotive Inc (RIVN) with a price target of $31.00. The analyst believes RIVN is successfully addressing key questions in the EV market regarding vehicle demand, manufacturing scale, and cost leverage. Data from Cargurus supports a strong used market for RIVN, and the company has a significant reservation backlog through 2024. Despite the positive outlook, RIVN shares are trading lower by 2.6% at $19.79.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 5:51 pm

IDXX

IDEXX Laboratories's (NYSE:IDXX) short percent of float has risen 6.57% since its last report, with 2.63 million shares sold short, which is 3.57% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, IDEXX Laboratories has more short interest.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:45 pm

ABC

AmerisourceBergen's (NYSE:ABC) short percent of float has risen 3.83% since its last report, with 3.92 million shares sold short, which is 2.44% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, AmerisourceBergen has less short interest.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:45 pm

Trane Technologies's (NYSE:TT) short percent of float has fallen 6.31% since its last report, with 2.37 million shares sold short, which is 1.04% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Trane Technologies has less short interest.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:45 pm

CNFR

FANH

FIHL

HALL

HIPO

KINS

LMND

MHLA

MRAI

TIRX

TRUP

UVE

During Thursday's intraday session, several insurance stocks experienced significant movements. Tian Ruixiang Holdings (TIRX), Kingstone Companies (KINS), Maiden Holdings (MHLA), Fidelis Insurance Hldgs (FIHL), Conifer Holdings (CNFR), and Fanhua (FANH) saw gains, while Hallmark Financial Servs (HALL), Hippo Holdings (HIPO), Lemonade (LMND), Marpai (MRAI), Universal Insurance Hldgs (UVE), and Trupanion (TRUP) experienced losses.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:40 pm

AAL

DAL

LUV

UAL

ULCC

Morgan Stanley analyst Ravi Shanker predicts a durable surge in international travel, which is good news for US airlines. He expects the number of US passports issued in 2023 to set a new record due to the current travel boom. Delta Air Lines and American Airlines are set to expand flights to China once restrictions are eased. United Airlines is expected to be the most aggressive among the three due to its profitability on this route. Southwest Airlines has ratified several contracts with union work groups and continues negotiations. Frontier Group Holdings is facing fleet delays and operating challenges, but its stock is considered cheap enough to wait for 2024 normalization.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 5:36 pm

CMCSA

DIS

GOOG

GOOGL

META

The article reports on the recent options activity in the Communication Services sector. It highlights the transactions of 'whales', entities with large sums of money, in several US-listed companies including Alphabet Inc. (GOOGL), Walt Disney Co. (DIS), Google Inc. (GOOG), iQIYI Inc. (IQ), Meta Platforms Inc. (META), BP Plc (BP), Comcast Corporation (CMCSA), Sea Limited (SE), and AT&T Inc. (T). The article provides details on the type of options trade, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:35 pm

BKNG

BURL

CVNA

LULU

MAR

NKE

RIVN

TSLA

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Carvana (CVNA), Nike (NKE), Rivian (RIVN), Burlington Stores (BURL), Booking Holdings (BKNG), Lululemon Athletica (LULU), RH (RH), Wayfair (W), and Marriott International (MAR). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 5:35 pm

NNI

SLM

SOFI

A study by the Federal Reserve highlights the financial risks of pursuing higher education, with non-completion of degrees leading to severe financial consequences. The study also points out that college graduates with debt fare better than those without degrees, but college dropouts with debt face the harshest financial outcomes. Companies like Nelnet, Inc. (NYSE:NNI), SLM Corp (NASDAQ:SLM), and SoFi Technologies Inc (NASDAQ:SOFI) might see volatility due to changing student loan policies.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 5:32 pm