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VRAY

ViewRay Inc's shares fell by 13% to a new 52-week low after the company filed voluntary Chapter 11 petitions. The company plans to sell its business and assets, and has secured $6 million in debtor-in-possession financing. Resignations from the Board of Directors were announced, and a new CEO and Senior Vice President have been appointed.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 6:11 pm

SNV

Synovus Finl (NYSE:SNV) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $1.15. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $32.84, down 12.51% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:01 pm

RELL

Richardson Electronics (NASDAQ:RELL) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $0.19. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $15.51, down 5.74% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:01 pm

ARQT

Arcutis Biotherapeutics (NASDAQ:ARQT) has received 8 analyst ratings in the last quarter, with 6 being bullish and 2 somewhat bullish. The company has an average price target of $41.25, a decrease of 16.24% from the previous average price target of $49.25.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:01 pm

INTC

Intel (NASDAQ:INTC) has received mixed analyst ratings in the last quarter, with 4 bullish, 12 indifferent, and 4 bearish. The average price target is $30.5, implying a downside from the current price of $34.21. The average price target has increased by 7.96% over the past month.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:00 pm

ALV

Autoliv (NYSE:ALV) has received 4 bullish and 8 indifferent analyst ratings in the last quarter. The average price target is $101.58, representing an upside from the current price of $93.11. This average price target is a 1.38% decrease from the previous average of $103.00.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:00 pm

EDR

Endeavor Gr Hldgs (NYSE:EDR) has received 2 bullish and 4 somewhat bullish ratings from analysts in the last quarter. The average 12-month price target for the stock, according to 6 analysts, is $31.83, up 3.78% from the previous average of $30.67.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:00 pm

MASI

Needham analyst Mike Matson has lowered his price target for Masimo Corporation (MASI) from $207 to $136 due to delays in large orders, lower inpatient census, and elevated inventory levels. The company's Q2 2023 preliminary results show expected revenues of $453 million-$457 million, lower than the consensus of $553.23 million. Matson also lowered 2023 and 2024 revenue and EPS estimates. Despite this, he believes new product launches and market share gains should enable continued growth in Masimo's medical unit.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 5:56 pm

AMZN

PTON

Amazon's annual Prime Day event saw record gross merchandise volume (GMV) and unit sales, with over 375 million items sold worldwide, a 25% increase YoY. Prime Day GMV increased to $12.7 billion, up $600 million from 2022. The extension of Prime Day to third-party merchants using Buy with Prime may boost 3Q margins. The event also saw a 20% increase in 'Buy Now, Pay Later' (BNPL) orders. Peloton Interactive offered discounts on its bikes, ranking #2 and #17 among Amazon's best-selling exercise bikes. Despite the success, JMP Securities analyst Nicholas Jones does not expect significant movement in Amazon's shares in response to Prime Day.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 5:54 pm

CPT

BMO Capital Markets analyst John P. Kim upgraded Camden Property Trust (NYSE:CPT) to Outperform from Market Perform and increased the price target to $126 from $125. Kim expects CPT to 'mean-revert' in the near term due to its underperformance compared to peers. He is bullish on CPT's strong balance sheet and anticipates better FFO per share growth in 2024. Kim also expects a guidance raise due to a stronger employment background and lower-than-expected supply-related pressures.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 5:54 pm