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PAYX

Over the past 10 years, Paychex (NASDAQ:PAYX) has outperformed the market by 1.8% on an annualized basis, producing an average annual return of 12.11%. If an investor had bought $100 of PAYX stock 10 years ago, it would be worth $309.95 today. The company currently has a market capitalization of $44.72 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:00 pm

SVV

Savers Value Village (NYSE:SVV) has received positive analyst ratings in the last quarter, with 8 bullish and 4 somewhat bullish ratings. The average 12-month price target for SVV is $28.25, which has increased by 4.63% over the past month.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:00 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has outperformed the market over the past 15 years, producing an average annual return of 16.05%. If an investor had bought $100 of ISRG stock 15 years ago, it would be worth $913.79 today. The company currently has a market capitalization of $106.71 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:00 pm

EVLV

Evolv Technologies (NASDAQ:EVLV) has received mostly bullish ratings from analysts in the last quarter, with an average price target of $7.38, a high of $10.00, and a low of $5.00. The average price target has increased by 32.97% over the past month.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:00 pm

SPY

The Michigan Consumer Sentiment for August is reported at 71.2, slightly above the estimated 71 but below the prior figure of 71.6.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 2:00 pm

COIN

HOOD

Robinhood Markets (HOOD) may be outperforming its crypto-focused competitor, Coinbase Global (COIN), in attracting retail traders during a challenging period for digital assets. However, this is not reflected in the stock market.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:57 pm

CS

UBS

UBS Group AG shares are trading higher after the company announced it no longer required the Swiss government's loss protection and liquidity backstop agreements. The termination of the Loss Protection Agreement (LPA) and Public Liquidity Backstop with the Swiss National Bank (SNB) will be effective from August 11, 2023. UBS plans to pay CHF 40 million to compensate the Swiss Confederation for the creation of the LPA. Credit Suisse has fully repaid the Emergency Liquidity Assistance Plus (ELA+) loan of CHF 50 billion to Swiss National Bank.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 1:54 pm

GME

WE

WeWork Inc's stock gained over 35% on Friday, triggering speculation of it becoming the latest meme stock like GameStop. The r/WallStreetBets community is rallying behind the stock. WeWork reported dismal Q2 financial results this week, with a loss of 21 cents per share and revenues of $844.00 million, both missing consensus estimates. The session volume crossed the 63 million mark vs. the average 100-day volume of 34 million.

Portfolio Pulse from Anusuya Lahiri

August 11, 2023 | 1:51 pm

AMRS

CANO

JYNT

TSAT

WE

YTEN

U.S. stocks traded lower following the release of PPI data, with the NASDAQ falling 0.84%. Producer prices in the U.S. increased 0.3% month-over-month in July, the biggest rise since January. Amyris, Inc. (AMRS) shares shot up 97% after filing for Chapter 11 bankruptcy. Telesat Corporation (TSAT) shares rose 48% after reporting Q2 results and a $2.1 billion deal with MDA. WeWork Inc. (WE) shares gained 43% despite doubts over its ability to stay in business. Yield10 Bioscience, Inc. (YTEN) shares dropped 58% after announcing a $3.7 million public offering. Cano Health, Inc. (CANO) shares were down 59% after reporting worse-than-expected Q2 results and expressing doubt over its ability to continue as a going concern. The Joint Corp. (JYNT) shares fell 26% after reporting Q2 operating highlights.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 1:48 pm

OXY

Occidental Petroleum Corp's subsidiary, 1PointFive, has been selected to receive a grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations for the development of its South Texas Direct Air Capture (DAC) Hub. The hub will house the first DAC plant in the world, which can remove up to 1 million metric tons of CO2 annually. The project is expected to create about 2,500 jobs. OXY shares are trading higher by 1.22% at $64.55.

Portfolio Pulse from Akanksha Bakshi

August 11, 2023 | 1:46 pm