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ENIC

GNE

HE

PAM

VST

Benzinga Insights has identified five value stocks in the utilities sector that may be worth watching: Vistra (VST), Hawaiian Electric Indus (HE), Genie Energy (GNE), Pampa Energia (PAM), and Enel Chile (ENIC). The selection is based on their low price-to-earnings (P/E) multiples, indicating potential undervaluation. The companies have also reported their Q2 earnings and dividend yields, with mixed results.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:38 pm

DAKT

Daktronics, Inc. (NASDAQ:DAKT) reported first-quarter FY24 net sales growth of 35.3% year-over-year to $232.5 million, beating the consensus of $197.70 million. The sales growth was driven by fulfilling orders in backlog, especially in the HSPR business area. However, orders in the quarter declined 6.8% Y/Y to $158.63 million. The company's EPS improved to $0.42 from $(0.12) in 1Q23, beating the consensus of $0.17. The gross margin expanded to 30.6% for the quarter from 15% a year ago.

Portfolio Pulse from Akanksha Bakshi

September 06, 2023 | 2:36 pm

NFLX

A significant investor has taken a bearish stance on Netflix (NASDAQ:NFLX), with 66% of recent trades being bearish. The targeted price range for Netflix over the last 3 months has been $5.0 to $1275.0. Loop Capital has upgraded its action to Buy with a price target of $500, while Oppenheimer has downgraded its action to Outperform with a price target of $515. Truist Securities maintains their Hold rating on Netflix with a price target of $485.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:32 pm

BUD

Bill Gates has purchased $95 million worth of Anheuser-Busch shares, equivalent to 1.7 million shares, through his Bill & Melinda Gates Foundation Trust. This comes after Anheuser-Busch's share price fell nearly 9% over the past six months due to a failed marketing campaign for Bud Light. Despite the ongoing national boycott of Bud Light, Gates is betting on a comeback for the brand.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 2:31 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has outperformed the market over the past 20 years, producing an average annual return of 25.02%. If an investor had bought $1000 of BKNG stock 20 years ago, it would be worth $85,979.49 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:30 pm

CMCSA

Comcast (NASDAQ:CMCSA) has outperformed the market over the past 15 years, producing an average annual return of 9.99%. If an investor had bought $1000 of CMCSA stock 15 years ago, it would be worth $4,251.89 today. Comcast currently has a market capitalization of $185.22 billion.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:30 pm

SPY

The US services sector showed signs of resilience in August, with the ISM Services PMI recording its eighth straight month of expansion at 54.5, higher than July's reading of 52.7 and above economist expectations of 52.5. However, the Service PMI data measured by S&P Global was downwardly revised from an initial estimate of 51 to 50.5 in August, indicating only a marginal pace of expansion. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.5% amid worries that the Fed may keep a rate hike option open for the coming months.

Portfolio Pulse from Piero Cingari

September 06, 2023 | 2:29 pm

QQQ

SPY

UTEN

XLE

Brent crude oil prices are at their highest levels this year due to anticipated further reductions in oil output from major exporting countries. Saudi Arabia has hinted at more significant production cutbacks. Higher oil prices may lead to higher interest rates, especially in the U.S., to curtail inflation. Investors have responded by offloading government bonds, including 10-year Treasury bills, amid concerns that central banks will need to remain hawkish on interest rates. Energy-related companies have outperformed other sectors recently.

Portfolio Pulse from Piero Cingari

September 06, 2023 | 2:27 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) is expanding its hemp-derived CBD portfolio into Brazil in partnership with Herbarium, a leading Brazilian company in herbal medicine. The CBD oil will be produced at Aurora's production facility in Uruguay and will be available under the direction of medical doctors across Brazil. Aurora's shares are trading higher amid the recent strong performance of the cannabis sector.

Portfolio Pulse from Jelena Martinovic

September 06, 2023 | 2:27 pm

BABA

A whale investor has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 64% of investors opening trades with bullish expectations and 35% with bearish. The whale has been targeting a price range from $70.0 to $105.0 for Alibaba over the last 3 months. The price of BABA is up 0.75% at $95.36. Several financial institutions have maintained or upgraded their ratings on Alibaba, with price targets ranging from $100 to $180.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:17 pm