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HE

Hawaiian Electric Industries' shares are trading lower following a downgrade by S&P to junk status due to wildfires in Hawaii. The company is under scrutiny for not shutting off power to mitigate fire risks.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:39 pm

SPY

Federal Reserve's Neel Kashkari has expressed surprise at the housing market's response to rate hikes, stating that he would have expected a more drastic slowdown. Instead, he observes that the housing market appears to have bottomed out and is now on a recovery path.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:37 pm

OPRX

OptimizeRx Corporation's shares are trading lower following the company's disappointing Q2 revenue results. Several firms have also reduced their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:34 pm

SPGC

Trading of Sacks Parente Golf Company (SPGC) shares was resumed but then halted again due to a circuit breaker to the upside.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:34 pm

GDDY

GoDaddy Inc. has launched an AI-powered instant video capability within its GoDaddy Studio app. The new feature is aimed at helping small business owners create video-based digital marketing and social commerce content. The app uses AI to auto-generate slogans based on the video clips or images users upload. GoDaddy's shares are trading lower by 0.38% to $70.72.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 3:33 pm

SPGC

Shares of Sacks Parente Golf Inc (SPGC) were halted due to a circuit breaker to the upside, indicating a rapid increase in the stock price.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:31 pm

ACELYRIN

ACELYRIN reported its Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:30 pm

NTES

NetEase (NASDAQ:NTES) has outperformed the market over the past 20 years, producing an average annual return of 20.7%. If an investor had bought $100 of NTES stock 20 years ago, it would be worth $4,239.14 today. The company currently has a market capitalization of $66.42 billion.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:30 pm

NKE

Over the past 10 years, Nike (NYSE:NKE) has outperformed the market by 2.25% on an annualized basis, producing an average annual return of 12.64%. If an investor had bought $100 of NKE stock 10 years ago, it would be worth $328.40 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:30 pm

CVNA

Carvana Co. (NYSE:CVNA) shares are trading lower, down 10% over the last five days and nearly 5% on Tuesday. Analysts are split on the company's future, with Morgan Stanley maintaining an Underweight rating and raising the price target from $35 to $37, while JMP Securities reiterated a Market Outperform rating and maintained a $60 price target. Nearly 48% of available CVNA shares are being sold short.

Portfolio Pulse from Erica Kollmann

August 15, 2023 | 3:28 pm