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MATH

Metalpha Technology Holding Limited (NASDAQ:MATH) has received a notice of deficiency from Nasdaq due to the delayed filing of its annual report for the fiscal year ended March 31, 2023. The company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the SEC. This notice has no immediate effect on the listing or trading of Metalpha's ordinary shares on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 9:45 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares were rallying in premarket trading on Monday, potentially ending a six-session losing streak. The stock's reversal is due to its oversold nature after falling to its lowest level since early June. The relative strength index suggests oversold levels. The stock has resistance levels around $240 and $276, and support around $209 and $190. The rise may also be due to the broader market recovery. However, concerns over demand amid rising interest rates and economic uncertainties may limit gains.

Portfolio Pulse from Shanthi Rexaline

August 21, 2023 | 9:43 am

NSSC

William Blair analyst Matthew Pfau has downgraded NAPCO Security Techs (NASDAQ:NSSC) from Outperform to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 9:28 am

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ETHUSD

Vitalik Buterin, co-founder of Ethereum, transferred over $1 million worth of ETH to cryptocurrency exchange Coinbase Global Inc amid a sharp decline in Ethereum's value. The transfer comes as Ethereum experienced an over 11% drop in the past week, leading to traders facing about $1 billion in liquidations. The reasons for Buterin's transfer remain unclear.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 9:27 am

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

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ZM

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

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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