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MTSI

Over the past 3 months, 6 analysts have published their opinion on MACOM Technology Solns (NASDAQ:MTSI) stock, with an average price target of $80.0 versus the current price of $77.63. The average price target has increased by 20.75% over the past month. The analysts' ratings are evenly split between bullish, somewhat bullish, and indifferent.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:00 pm

NKLA

Nikola Corp has filed for the resale of up to 10.27 million shares by selling stockholders. The company will not receive any proceeds from these sales. This follows an agreement to sell up to $325 million in senior convertible notes, expected to generate net proceeds of approximately $124.5 million. Nikola shares are down approximately 34% year-to-date and more than 76% over the last year, with increased selling pressure following a fire near its headquarters and a subsequent voluntary recall of over 200 vehicles.

Portfolio Pulse from Adam Eckert

August 23, 2023 | 1:00 pm

ABR

Arbor Realty Trust (NYSE:ABR) has received mixed analyst ratings in the last quarter, with 3 somewhat bullish and 2 somewhat bearish. The average price target is $16.0, indicating potential upside from the current price of $15.05. The average price target has increased by 6.67% over the past month.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:00 pm

ES

Over the past 3 months, 9 analysts have published their opinion on Eversource Energy (NYSE:ES) stock, with 8 being indifferent and 1 somewhat bullish. The company has an average 12-month price target of $77.78, representing a 5.48% decrease from the previous average price target of $82.29.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:00 pm

BIDU

Baidu (NASDAQ:BIDU) has received positive analyst ratings in the last quarter, with 4 bullish and 1 somewhat bullish ratings. The average price target for BIDU is $203.8, indicating an upside from the current price of $128.36. The average price target has increased by 3.35% over the past month.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:00 pm

FL

NKE

Nike Inc's shares are trading lower in sympathy with Foot Locker Inc, which reported a Q2 revenue miss and lowered its guidance. This suggests weaker consumer demand for athletic footwear and apparel, potentially leading to decreased sales and revenue for Nike. Foot Locker's stock is slumping more than 30% following its Q2 results and lowered 2023 sales and earnings guidance.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 1:00 pm

NEE

SYK

ZBH

On CNBC's 'Halftime Report Final Trades', Josh Brown of Ritholtz Wealth Management recommended NextEra Energy, Inc. (NEE) which reported Q2 revenue of $7.35 billion, beating estimates. Jason Snipe of Odyssey Capital Advisors recommended Stryker Corporation (SYK) which reported Q2 sales of $5 billion, up 11.2% Y/Y. Stephanie Link of Hightower picked Zimmer Biomet Holdings, Inc. (ZBH), which is down almost 18% in the past month and announced leadership changes.

Portfolio Pulse from Lisa Levin

August 23, 2023 | 12:56 pm

ANF

Abercrombie & Fitch (ANF) reported Q2 FY23 sales growth of 16% YoY to $935.35 million, beating the consensus of $842.38 million. Adjusted EPS of $1.10 also beat the consensus of $0.17. The company saw sales growth across all regions and brands, with a significant increase in gross profit margin. ANF ended the quarter with $617 million in cash and equivalents, and a 30% YoY decrease in inventories. The company raised its outlook for Q3 and FY23. ANF shares are trading higher by 16.15% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2023 | 12:55 pm

RIVN

TSLA

Tesla Inc's revenue has seen a significant surge over the years, with a social media user highlighting the company's revenue milestones. The company's growth has been driven by its expanding lineup of electric vehicles, increasing demand for sustainable transportation, and advancements in autonomous driving technology. Tesla's stock has also seen a significant increase since its initial public offering in June 2010. The starting price of Tesla’s rival Rivian Automotive Inc‘s R1T pickup is currently $73,000.

Portfolio Pulse from Anan Ashraf

August 23, 2023 | 12:51 pm

FORG

Forgerock (FORG) has proposed an all-cash transaction valued at approximately $2.3 billion. Upon completion, the company's stockholders will receive $23.25 in cash for each share of Class A and Class B common stock they own.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 12:49 pm