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NIO

TSLA

NIO Inc's shares are trading lower, adding to heavy losses for the week. The stock is facing selling pressure after Tesla Inc slashed prices of its Model Y vehicle by more than $1,900 in China. Lower Tesla prices are increasing pressure on competing EV makers to stay competitive on cost. Nio announced it will report its second-quarter financial results on Aug. 29. Nio shares are down more than 12% over the last five trading sessions, but still up approximately 21% year-to-date.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:06 pm

COHR

CTM

CYN

IDAI

MVLA

PBTS

SONM

SVRE

TLS

VERB

VHC

WETG

The article reports on the performance of 12 Information Technology stocks in Wednesday's pre-market session. T Stamp, Telos, Cyngn, WeTrade Group, Movella Holdings, and Saverone 2014 saw gains, while Castellum, Coherent, Powerbridge Technologies, Sonim Technologies, VirnetX Holding, and Verb Tech experienced losses. Q2 earnings reports for T Stamp, Castellum, and VirnetX Holding and Q4 earnings report for Coherent were mentioned.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:06 pm

TJX

TJX Companies Inc reported Q2 FY24 sales growth of 8% YoY to $12.76 billion, beating the analyst consensus estimate of $12.45 billion. The company raised its FY24 adjusted EPS outlook to $3.56 - $3.62, against the consensus of $3.59. TJX shares are trading higher by 2.50% at $87.91 in premarket on the last check Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 1:02 pm

CMPS

COMPASS Pathways has announced a private placement of 16,076,750 shares at $7.78 per share, which could raise up to $285 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 1:01 pm

MEC

Over the past three months, four analysts have published their opinions on Mayville Engineering (NYSE:MEC) stock. The majority of these ratings are bullish, with an average price target of $20.5, compared to the current price of $11.98. This represents a 2.38% decrease from the previous average price target of $21.00.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:01 pm

MTDR

Analysts have provided bullish and somewhat bullish ratings for Matador Resources (NYSE:MTDR) in the last quarter. The average price target of $69.0 implies an upside from the current price of $57.82. The current average has increased by 0.73% from the previous average price target of $68.50.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:00 pm

PSFE

Over the past 3 months, 5 analysts have published their opinion on Paysafe (NYSE:PSFE) stock. The analysts have an average price target of $25.54 versus the current price of Paysafe at $14.64, implying an upside. This current average has decreased by 11.01% from the previous average price target of $28.70.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:00 pm

CAH

In the last quarter, 10 analysts have provided ratings for Cardinal Health (NYSE:CAH), with 1 bullish, 2 somewhat bullish, and 7 indifferent. The company has an average 12-month price target of $96.3, up by 5.82% from the previous average of $91.00.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:00 pm

INTR

Inter & Co (NASDAQ:INTR) has received 5 bullish ratings from analysts in the last quarter. The company's average 12-month price target is $5.04, with a high of $5.50 and a low of $4.40. This average price target has increased by 31.25% over the past month.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 1:00 pm

OUT

SBRA

SLG

Benzinga has highlighted three high-yielding real estate stocks recommended by Wall Street's most accurate analysts. These include OUTFRONT Media Inc. (NYSE:OUT) with a dividend yield of 10.68%, SL Green Realty Corp. (NYSE:SLG) with a yield of 9.57%, and Sabra Health Care REIT, Inc. (NASDAQ:SBRA) with a yield of 9.75%. Recent news for all three companies indicates worse-than-expected financial results.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:56 pm