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VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) announced a $5 million registered direct offering of ordinary shares, causing its stock to trade lower. The offering involves 1,108,892 shares at $4.50 each, expected to close around August 23. The proceeds will be used for working capital and general corporate purposes. Despite a recent surge due to the WHO's declaration of a public health emergency, the stock is currently experiencing overbought conditions with an RSI of 78.71.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 3:12 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SMH

SPY

TSLA

Investors are aggressively buying semiconductors ahead of Nvidia's earnings, despite technical indicators suggesting overbought conditions. Money flows are positive in major tech stocks like Apple, Amazon, and Nvidia. The U.S. payroll revision and dovish FOMC minutes suggest potential rate cuts, influencing market sentiment.

Portfolio Pulse from The Arora Report

August 22, 2024 | 3:07 pm

SPY

The Kansas City Federal Reserve's Manufacturing Index for August improved to 6 from a previous reading of -12. This indicates a positive shift in manufacturing activity in the region.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:03 pm

BRN

Barnwell Industries (AMEX:BRN) has outperformed the market over the past 5 years with an average annual return of 23.36%, surpassing the market by 9.02% annually. A $100 investment in BRN 5 years ago would now be worth $280.52.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:01 pm

SXI

Standex International (NYSE:SXI) has outperformed the market over the past 5 years with an average annual return of 18.38%, surpassing the market by 4.04% annually. A $1000 investment in SXI 5 years ago would now be worth $2,855.49.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:01 pm

UPS

Analysts have mixed views on United Parcel Service (UPS) with recent ratings showing a shift towards more neutral and bearish sentiments. The average 12-month price target has decreased by 10.1% to $144.87. UPS faces challenges with a slight revenue decline but maintains strong financial metrics like net margin and ROE.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:00 pm

CSV

Carriage Services Inc (NYSE:CSV) is evaluated against its competitors in the Diversified Consumer Services industry. The analysis reveals that CSV's financial metrics like PE, PB, and PS ratios suggest potential undervaluation, but its low ROE, EBITDA, gross profit, and revenue growth indicate underperformance compared to industry standards.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 3:00 pm