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ENPH

In the last quarter, Enphase Energy (NASDAQ:ENPH) received mostly bullish ratings from analysts. The company has an average 12-month price target of $214.38, a decrease of 12.37% from the previous average price target of $244.64.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 12:00 pm

NVDA

Over the past 3 months, 50 analysts have published their opinion on NVIDIA (NASDAQ:NVDA) stock. The company has an average price target of $488.2 with a high of $800.00 and a low of $300.00. This average price target has increased by 35.26% over the past month.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 12:00 pm

RCRT

Shares of Recruiter.Com (RCRT) have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 11:56 am

CRVO

Shares of Cervomed, a newly formed company resulting from the merger of Diffusion Pharma and EIP Pharma, have begun trading on Nasdaq. The company's stock symbol is CRVO.

Portfolio Pulse from Charles Gross

August 17, 2023 | 11:46 am

AVT

CSCO

QQQ

SPY

WMT

WOLF

US stock futures are showing signs of a potential rebound after a two-day slide, with Walmart Inc. (NYSE:WMT) seeing premarket gains following its above-consensus Q2 results and upgraded full-year forecast. The market is likely to focus on outcomes from a regional manufacturing survey, jobless claims, and the leading economic index. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) also saw premarket gains. Stocks in focus include Cisco Systems, Inc. (NASDAQ:CSCO), Avnet, Inc. (NASDAQ:AVT), Wolfspeed, Inc. (NYSE:WOLF), Bilibili, Inc. (NASDAQ:BILI), Children’s Place, Inc. (NASDAQ:PLCE), Bill Holdings, Inc. (NYSE:BILL), Applied Materials, Inc. (NASDAQ:AMAT), Farfetch Ltd. (NYSE:FTCH), and Ross Stores, Inc. (NASDAQ:ROST).

Portfolio Pulse from Shanthi Rexaline

August 17, 2023 | 11:44 am

WMT

Walmart Inc (NYSE:WMT) reported Q2 FY24 sales growth of 5.7% YoY to $161.10 billion, beating the analyst consensus estimate. Net sales from Walmart U.S. increased 5.4% YoY, Walmart International rose 13.3%, and Sam's Club fell 0.3%. eCommerce growth was 24% and global advertising business grew by over 35%. The company raised FY24 adjusted EPS guidance from $6.10 - $6.20 to $6.36 - $6.46. WMT shares are trading higher by 1.29% at $161.32 in premarket.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 11:43 am

LITE

Lumentum Holdings has projected its Q1 revenue to be between $300M and $325M, which is lower than the estimated $369.1M. The company also expects its adjusted EPS to be between $0.20 and $0.35, compared to the estimated $0.58.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 11:34 am

EMKR

EMCORE Corporation has priced its public offering at $0.50 per share and $0.49999999 for each pre-funded warrant, with gross proceeds expected to be $15.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 11:34 am

HIPO

JRVR

LPRO

PRAA

UFCS

The article lists five financial stocks that are currently oversold, presenting a potential buying opportunity. These include Hippo Holdings Inc. (HIPO), James River Group Holdings, Ltd. (JRVR), Open Lending Corporation (LPRO), PRA Group, Inc. (PRAA), and United Fire Group, Inc. (UFCS). The companies have reported mixed Q2 results, with some beating expectations and others posting losses.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 11:33 am

KKR

PARA

Paramount Global (NASDAQ:PARA) has reportedly abandoned its plan to sell its majority stake in BET Media Group, which includes the VH1 and BET cable networks and BET+ streaming service. The decision was made as the sale would not significantly deleverage its balance sheet. The company had received bids worth $2 billion - $3 billion for its stake. Paramount has been looking to offload non-core assets like BET stake to raise money to shift more focus to its streaming service, Paramount+.

Portfolio Pulse from Shivani Kumaresan

August 17, 2023 | 11:33 am