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SHEL

Shell PLC (NYSE:SHEL) has reportedly considered temporarily halting operations at its Prelude floating LNG production platform offshore Australia for maintenance works and repairs. The maintenance schedule will last two months, a shorter period than the initially planned one-year, to capture strong industry gas demand. This decision will allow the plant to benefit from the winter demand in the northern hemisphere, including China and Europe. However, the plant may continue encountering operational issues due to the 'quick fix'.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 11:46 am

AEO

CROX

GBX

INTU

MTN

PLAY

PSNY

ROKU

TROX

VRNT

Several analyst forecasts were released on Thursday, with price target changes for Verint Systems, Dave & Buster's Entertainment, Vail Resorts, The Greenbrier Companies, Tronox Holdings, Polestar Automotive Holding, Crocs, Intuit, Owens Corning, American Eagle Outfitters, and Roku. Most of the companies saw their price targets reduced, with a few exceptions such as Vail Resorts, Intuit, Owens Corning, American Eagle Outfitters, and Roku which had their price targets increased.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:44 am

LVO

LiveOne (Nasdaq: LVO) announced that its subsidiary, Courtside Group, Inc. (dba PodcastOne) will ring the Nasdaq Stock Market opening bell on September 8, 2023, to celebrate its direct listing on Nasdaq and spin-out as a separate public company.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:42 am

AAPL

Apple Inc.'s shares fell over 2% in premarket trading due to two developments. Firstly, Huawei launched a faster smartphone, Mate 60 Pro, which could lead to Apple losing 10 million iPhone shipments in 2024, according to an Oppenheimer analyst. Secondly, China plans to expand a ban on the use of iPhones in government offices, state companies, and government-backed agencies.

Portfolio Pulse from Shanthi Rexaline

September 07, 2023 | 11:40 am

AAPL

Apple Inc.'s 14-inch MacBook Pro with the M1 Max chip is on sale with a discount of $1,800 at B&H Photo. The deal applies to the Silver and Space Gray color options, with a configuration of 64GB of RAM and a 2TB SSD. Despite the launch of M2-powered MacBooks, the M1 Max MacBook Pro remains a powerful option for tasks like video editing and multitasking.

Portfolio Pulse from Rounak Jain

September 07, 2023 | 11:38 am

AFLYY

EADSY

Airbus SE delivered 52 airplanes to 34 customers in August, with gross orders totaling 117. Year-to-date deliveries totaled 433 airplanes to 77 customers. Airbus registered 1,218 net orders in the first eight months of 2023, after 39 cancellations. Airbus and Air France-KLM have entered exclusive negotiations to establish a joint venture for Airbus A350 component maintenance services worldwide.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 11:34 am

TRI

Thomson Reuters and certain Blackstone-affiliated investment funds have collectively sold 35.0 million shares of London Stock Exchange Group PLC (LSEG) at a price of £79.50 per share. The sale was conducted through a placement to institutional investors, an offer to retail investors, and includes approximately 9.5 million shares sold directly to LSEG in satisfaction of their previously announced intention to conduct a directed buyback of up to £750 million.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:32 am

AAL

ALK

LHX

PBI

TSP

The article lists the top 5 oversold stocks in the industrials sector, which could present an opportunity for investors. The stocks mentioned are TuSimple Holdings Inc. (TSP), Alaska Air Group, Inc. (ALK), L3Harris Technologies, Inc. (LHX), Pitney Bowes Inc. (PBI), and American Airlines Group Inc. (AAL). The companies have been identified as oversold based on their Relative Strength Index (RSI) values, which are all below 30.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:26 am

YEXT

Yext Inc's shares are trading lower by around 12% despite reporting mixed Q2 FY24 earnings with a 2% Y/Y revenue growth to $102.6 million, beating the consensus of $101.97 million. The company also reported a 9% Y/Y increase in gross profit to $80.2 million and an adjusted EBITDA of $11.8 million, higher than $0.9 million a year ago. The company raised its FY24 outlook for Adjusted EPS to $0.29-$0.30 and revised revenue guidance to $405 million-$407 million.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 11:24 am

ABM

ABM Industries has revised its FY23 adjusted EPS guidance range to $3.40-$3.50, down from the previous forecast of $3.40-$3.60. This is also below the consensus estimate of $3.52.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:14 am