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AAPL

China has banned the use of Apple's iPhones and other foreign-branded devices by government officials, which could extend to sensitive departments, government-affiliated entities, and state-owned enterprises. This could result in a substantial headwind of 5 to 10 million units for Apple, significantly impacting the tech giant. Bank of America analysts estimate that for every 1 million iPhones sold, there’s a potential $0.01-per-share impact on Apple’s earnings. If Huawei claws back 10 million units from Apple in China, it could translate into an $0.11 headwind to Apple’s 2024 earnings per share.

Portfolio Pulse from Piero Cingari

September 07, 2023 | 4:16 pm

NKE

Williams Trading analyst Sam Poser has maintained a 'Sell' rating on Nike (NYSE:NKE) and lowered the price target from $95 to $91.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 4:16 pm

TXN

Texas Instruments Inc. (NASDAQ:TXN) has seen a 2.39% drop in the current session, trading at $164.03. Over the past month, the stock has decreased by 2.11%, and in the past year, by 3.93%. The company's P/E ratio is lower than the aggregate P/E of 35.27 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:15 pm

DOOO

BRP Inc. (NASDAQ:DOOO) reported a 14% YoY increase in Q2 FY24 sales to $2.081 billion, beating the consensus estimate of $1.98 billion. The increase in sales is attributed to high deliveries of units due to improvements in the supply chain and sustained demand. The company's North American retail sales for Powersports Products increased by 41% YoY. BRP also increased its full year-end guidance for normalized EPS.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 4:12 pm

INTA

Intapp's shares are trading lower despite the company reporting better-than-expected Q4 results.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 4:09 pm

IONQ

IonQ shares are trading lower due to a selloff in tech and growth stocks, driven by concerns over rate hikes.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 4:07 pm

PDD

PDD Holdings Inc. (NASDAQ:PDD) shares are trading lower after Grizzly Research released a report claiming that the company's TEMU shopping app is spyware. The report also alleges that PDD Holdings intends to sell its customers' data and accuses the company of unreliable financial reporting.

Portfolio Pulse from Erica Kollmann

September 07, 2023 | 4:03 pm

ADMP

Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) has announced a name change to DMK Pharmaceuticals Corporation, reflecting a new strategic focus on advancing small molecules for the treatment of substance use disorders. The company's common stock is expected to trade under the new Nasdaq ticker symbol 'DMK' from September 8, 2023. The company is developing DPI-125, a novel molecule for the treatment of opioid use disorder and moderate to severe pain. DMK expects several potential significant milestones for DPI-125 by the end of 2024.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:02 pm

PDD

PDD Holdings' shares are trading lower following a short report from Grizzly Research.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 4:02 pm

KFY

Korn Ferry (NYSE:KFY) reported Q1 FY23 total revenue growth of 0.5% YoY to $706.26 million, beating the consensus of $684.93 million. Adjusted EPS of $0.99 also beat the estimate of $0.91. However, operating income nearly halved to $56.8 million. The company's diversification strategy was credited for the positive results. KFY expects Q2 FY24 adjusted EPS of $0.91 - $1.01, versus consensus of $0.96. KFY shares are trading lower by 1.07% to $49.33.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 4:01 pm