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KE

Kimball Electronics has projected its FY24 revenue to be between $1.9 billion and $1.95 billion, which is lower than the estimated $1.98 billion.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:10 pm

X

United States Steel Corporation (NYSE:X) shares are trading higher following a report suggesting ArcelorMittal is discussing a possible bid for the company. This follows an eventful week for U.S. Steel, with concerns about the economic health of China and weakened metal demand. Earlier, U.S. Steel rejected Cleveland-Cliffs' offer to acquire the company and received an all-cash public offer from Esmark Inc.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 8:08 pm

CSCO

Cisco has projected its FY24 adjusted EPS to be between $4.01 and $4.08, slightly below the estimated $4.04. The company also expects its revenue to be between $57B and $58.2B, which is lower than the estimated $58.38B.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:07 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) reported its July 2023 operating data. The company's net cumulative funded accounts increased by 50K to 23.2M, and monthly active users rose by 200K to 11M. Assets under custody were $94.5B, up 6% from June 2023. Trading volumes for equities and crypto were higher, while options trading was lower. Margin balances and cash sweep balances also increased.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:07 pm

EMKR

EMCORE Corporation has announced a proposed public offering of its common stock. Additionally, the company plans to offer pre-funded warrants to certain investors to purchase shares of common stock.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:04 pm

CNBS

Emily Paxhia, the founding and managing partner of Poseidon Investment Management, spoke at the Benzinga Cannabis Capital Conference in Miami, discussing the misallocation of early hype-driven capital in the cannabis industry. She emphasized the importance of learning from past mistakes and investing in sustainable business practices. Tim Seymour, founder and CIO of Seymour Asset Management and portfolio manager of the Amplify Seymour Cannabis ETF (NYSE:CNBS), also participated in the conference.

Portfolio Pulse from Joana Scopel

August 16, 2023 | 8:03 pm

KA

Kineta Inc has regained compliance with the alternative standard under Nasdaq Listing Rule 5550(B)(1), according to a written notice from Nasdaq received on August 15.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 8:03 pm

LLY

A significant investor has taken a bearish stance on Eli Lilly (NYSE:LLY), with 75% of recent trades being bearish. The trades suggest a target price range of $350 to $600 for Eli Lilly over the next three months. Despite this, several financial institutions have maintained positive ratings on the company, with price targets ranging from $510 to $615.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:01 pm

XOM

In the last quarter, Exxon Mobil (NYSE:XOM) received mixed analyst ratings with 2 bullish, 2 somewhat bullish, and 4 indifferent. Over the past 3 months, 8 analysts have offered 12-month price targets for Exxon Mobil, with an average price target of $122.38, representing a 7.57% decrease from the previous average price target of $132.40.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:00 pm

CRM

Salesforce (NYSE:CRM) has received 37 analyst ratings in the last quarter, with the majority being bullish or somewhat bullish. The company's average 12-month price target is $238.16, which has increased by 5.59% over the past month.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:00 pm