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Stock Prices

MPW

JP Morgan analyst Michael Lapides has downgraded Medical Properties Trust (NYSE:MPW) from Neutral to Underweight and lowered the price target from $9 to $7.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 9:27 am

STRC

Jefferies analyst Stephen Volkmann has downgraded Sarcos Technology (NASDAQ:STRC) from Buy to Hold and lowered the price target from $4.25 to $1.15.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 9:07 am

PODD

Baird analyst Jeff Johnson has downgraded Insulet (NASDAQ:PODD) from Outperform to Neutral and lowered the price target from $320 to $219.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 9:05 am

DMS

NDSN

PANW

Zoom Video Communications, Palo Alto Networks, Nordson Corporation, Digital Media Solutions, and Fabrinet are the stocks to watch heading into Monday. Zoom is expected to post quarterly earnings of $1.05 per share on revenue of $1.11 billion. Palo Alto reported better-than-expected Q4 earnings and issued a strong billings outlook. Nordson is expected to have earned $2.32 per share on revenue of $665.65 million. Digital Media Solutions reported a 1-for-15 reverse stock split. Fabrinet is expected to report quarterly earnings at $1.80 per share on revenue of $640.61 million.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 8:13 am

KEYS

NDSN

The CNN Money Fear and Greed index remained in the 'Neutral' zone after U.S. stocks closed mixed on Friday. Last week, U.S. stocks recorded losses with the Dow and S&P 500 declining by 2.2% and 2.1% respectively. Keysight Technologies' shares fell around 14% after issuing Q4 guidance below estimates. Deere & Co reported Q3 FY23 net sales and revenue growth of 12% Y/Y, beating consensus. Investors are awaiting earnings results from Zoom Video Communications, Nordson Corporation, and Fabrinet.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 7:57 am

NVDA

SOXX

KeyBanc Capital Markets analyst John Vinh is optimistic about Nvidia Corp.'s (NASDAQ:NVDA) Q2 results, citing the company's unique position in monetizing AI trends and limited competitive risks. Vinh reiterated an 'overweight' rating and set a $620 price target for Nvidia. He expects the company's growth to continue in the second half, driven by accelerating AI demand trends and increased supply for high-performance chips. Vinh also anticipates limited impact from potential China export restrictions on data center GPUs. Nvidia's shares ended Friday's session down 0.10% at $432.99.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 7:36 am

AAPL

Apple Inc.'s top-spec 16-inch MacBook Pro with M1 Max is available at a 26% discount, a $1,100 reduction from its original price. The deal applies to the Gray color option, with 64GB of RAM and a 2TB SSD. This MacBook Pro, launched in late 2021, features a 16.2-inch Liquid Retina XDR display, a 10-core CPU, a 32-core GPU, and a battery rated to last up to 21 hours on a single charge.

Portfolio Pulse from Rounak Jain

August 21, 2023 | 7:01 am

MCHI

Former Treasury Secretary Larry Summers has warned that China's economic slowdown could pose a threat to the U.S. He believes that China, facing demographic challenges and stalling export growth, is unlikely to surpass the U.S. economy. The iShares MSCI China ETF (NASDAQ:MCHI) ended Friday’s session down 2.39% at $43.32.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 6:42 am

BONEUSD

DOGEUSD

ETHUSD

PEPEUSD

SHIBUSD

Bone ShibaSwap (CRYPTO: BONE) has surged 7% in the last 24 hours, outperforming other meme coins such as Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE) which have seen declines. The surge in BONE's price is attributed to an announcement by Shytoshi Kusama, the lead developer in the Shiba Inu ecosystem, about plans to transition the Shiba Inu Layer 2 blockchain network, Shibarium, into private mode.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 6:10 am

EWG

VGK

Germany's Producer Price Index (PPI) for July has decreased by 1.1%, which is significantly lower than the estimated 0.2% decrease and the prior 0.3% decrease.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 6:00 am