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Fitch Ratings has raised concerns about potential rating reductions for numerous U.S. banks, including JPMorgan Chase & Co. and Bank of America Corp. A further dip in the industry's rating from AA- to A+ could prompt Fitch to reassess the ratings of over 70 U.S. banks. This news has caused a drop in the stocks of these banks, as well as Blackrock Inc., and ETFs such as Invesco KBW Bank ETF and the Financial Select Sector SPDR Fund.

Portfolio Pulse from Piero Cingari

August 15, 2023 | 9:22 pm

FSR

TSLA

Fisker Inc. (FSR) shares traded higher despite the broader market pullback. The company has signed an agreement with Tesla (TSLA) to adopt the North American Charging Standard (NACS). This will allow Fisker vehicle owners to access Tesla's 12,000 Supercharger stations starting from Q1 2025. FSR shares were up 0.72% at the close of the market Tuesday.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 9:16 pm

RDFN

Analysts have provided indifferent to somewhat bearish ratings for Redfin (NASDAQ:RDFN) in the last quarter. The average price target for Redfin is $11.17, which is higher than its current price of $10.01. This average has increased by 25.51% from the previous average price target of $8.90.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 9:00 pm

NDAQ

Nasdaq (NASDAQ:NDAQ) has outperformed the market over the past 15 years, producing an average annual return of 10.89%. If an investor had bought $1000 of NDAQ stock 15 years ago, it would be worth $4,825.38 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 9:00 pm

CYBN

Over the past 3 months, 6 analysts have published their opinion on Cybin (AMEX:CYBN) stock. The company has an average price target of $6.17, a decrease of 5.08% from the previous average price target of $6.50. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 9:00 pm

FNV

Franco-Nevada (NYSE:FNV) has outperformed the market over the past 15 years, producing an average annual return of 14.19%. If an investor had bought $1000 of FNV stock 15 years ago, it would be worth $7,544.41 today. The company currently has a market capitalization of $26.43 billion.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 9:00 pm

CSSE

Chicken Soup for the Soul (NASDAQ:CSSE) has received 4 bullish and 1 indifferent analyst ratings in the last quarter. The average 12-month price target for the company is $3.35, a decrease of 55.33% from the previous average of $7.50.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 9:00 pm

JKHY

Jack Henry & Associates has projected its FY24 EPS to be between $4.92 and $4.99, lower than the estimated $5.32. The company also expects its revenue to be between $2.208B and $2.229B, which is less than the estimated $2.29B.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:53 pm

ARHS

Freeman Spogli & Co. affiliated selling stockholders have started an underwritten public offering of 12 million shares of Arhaus. They also plan to give underwriters a 30-day option to buy up to an additional 1.8 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:51 pm

HRB

H&R Block, Inc. (NYSE:HRB) reported better-than-expected Q4 results and raised its quarterly dividend. The company reported earnings of $2.05 per share, beating the analyst consensus estimate of $1.89. Quarterly sales were $1.03 billion, beating the analyst consensus estimate of $1.01 billion. The company also raised its quarterly dividend by 10% to 32 cents per share. Shares of HRB were up 6.08% at $37.50 at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 8:45 pm