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Layer 1 blockchains like Bitcoin and Ethereum have outperformed Layer 2 blockchains this year, with Bitcoin and Ethereum up over 32%. Despite the initial hype around Layer 2 solutions, Layer 1s have proven to be less risky investments. Chromia, a Layer 1 blockchain, is taking a unique approach by integrating Layer 2 solutions into its platform.

Portfolio Pulse from Kenneth Rapoza

August 23, 2024 | 2:07 pm

SPY

The USA new home sales for July reached 739,000, significantly surpassing the estimated 624,000 and the revised prior figure of 668,000. This indicates a stronger housing market than anticipated.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:01 pm

A

Agilent Technologies (NYSE:A) has received mixed analyst ratings over the past three months, with a recent trend towards more bearish sentiments. The average 12-month price target has decreased slightly, indicating cautious optimism. Analysts have adjusted their ratings and price targets based on market conditions and company performance. Agilent's financial metrics, such as revenue growth and net margin, remain strong, showcasing its robust market position.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

SPY

The USA's new home sales for July surged by 10.6%, significantly surpassing the estimated 1.0% and the previous month's 0.3%. This unexpected increase indicates a strong housing market, which could influence related sectors and ETFs.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:00 pm

OMCL

Analysts have varied opinions on Omnicell (NASDAQ:OMCL), with recent ratings showing a mix of bullish and indifferent sentiments. The average 12-month price target has increased to $37.6, with a high of $44.00 and a low of $30.00. Omnicell has faced a revenue decline but maintains strong profitability and financial health.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

RXRX

Recursion Pharmaceuticals (NYSE:RXRX) has seen a 4.97% decrease in its short percent of float, now at 24.88%. This is higher than its peers' average of 12.91%. It would take traders 13.1 days to cover their short positions. A decrease in short interest can indicate a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

CSIQ

The article provides an analysis of Canadian Solar (NASDAQ:CSIQ) based on evaluations from four financial analysts over the past three months. The analysts' ratings range from bullish to bearish, with a current average 12-month price target of $23.57, down from $26.77. Key analysts have adjusted their ratings and price targets, reflecting diverse outlooks. Canadian Solar faces challenges with a -21.88% revenue decline but shows strong profitability metrics. The company's debt-to-equity ratio is high, indicating potential financial challenges.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

HCA

HCA Healthcare has significantly outperformed the market over the past decade, with an annualized return of 18.76%. A $1000 investment in HCA 10 years ago would now be worth $5,557.18, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

SPY

Federal Reserve Chair Jerome Powell delivered remarks at the Jackson Hole Symposium, which could influence market expectations regarding interest rates and economic policy. Such events often impact broad market indices like the S&P 500.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:00 pm

BKR

Baker Hughes (NYSE:BKR) has seen a 10.66% decrease in its short interest, now at 2.18% of its float. This is lower than its peers' average of 7.12%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm