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META

Meta Platforms Inc. (NASDAQ:META) is facing user retention issues with its app Threads, despite attracting over 100 million sign-ups. CEO Mark Zuckerberg acknowledged the challenge during an internal company town hall, stating that while user retention was better than expected, it was far from perfect. The company is focusing on implementing “retention-driving hooks” to entice users back to the app, including integrating Threads with Instagram. However, Zuckerberg and Instagram head Adam Mosseri have not been actively posting on the Threads app, raising questions about Meta’s confidence in the platform.

Portfolio Pulse from Ananya Gairola

July 28, 2023 | 11:51 am

BJRI

BMY

CHDN

INTC

LII

LUV

MCD

ROKU

SAM

URI

WING

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:48 am

CBZ

CWST

EFX

RTX

SKYX

The article lists the top 5 oversold stocks in the industrials sector, which are considered undervalued and present a buying opportunity. The stocks are Equifax Inc. (EFX), SKYX Platforms Corp. (SKYX), RTX Corporation (RTX), Casella Waste Systems, Inc. (CWST), and CBIZ, Inc. (CBZ). The companies' recent performances and RSI values are discussed.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:46 am

USO

XOM

Exxon Mobil's CEO, Darren Woods, anticipates record oil demand this year and the next, according to CNBC.

Portfolio Pulse from Charles Gross

July 28, 2023 | 11:44 am

SNAP

China Renaissance analyst Ella Ji has downgraded Snap (NYSE:SNAP) from Hold to Sell and announced a $7 price target.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 11:43 am

AFRM

BMBL

BSAQ

MSFT

PATH

The US IPO market has seen a 31.8% increase in offerings and a 125.5% jump in total proceeds to $9.8 billion in the first half of 2023, rebounding from a sluggish 2022. However, tech IPOs have lagged, with only 10 companies raising $100 million or more. The market is expected to see a resurgence in late 2023, with companies like VinFast, Panera, Stripe, Instacart, Reddit, and Discord potentially going public. The outlook remains cautious due to valuation disconnect and the typical weakness of IPOs in July and August.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 11:43 am

AAPL

AMZN

DASH

GOOG

GOOGL

MSFT

UBER

DoorDash, Inc. (NYSE:DASH) is testing an AI-based chatbot, DashAI, to speed up food ordering and provide personalized restaurant recommendations. The move could give DoorDash a competitive edge in the food delivery market. Other tech giants like Apple, Alphabet, Microsoft, and Amazon have also been influenced by the AI trend.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 11:42 am

URI

United Rentals, Inc. (NYSE:URI) reported Q2 earnings of $9.88 per share, beating market expectations of $9.01 per share. The company's quarterly sales were $3.55 billion, higher than estimates of $3.45 billion. Despite this, United Rentals shares fell 0.9% to close at $441.12 on Thursday. Post earnings announcement, Keybanc and Baird analysts raised their price targets on United Rentals.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:42 am

SHYF

DA Davidson analyst Michael Shlisky has downgraded Shyft Group (NASDAQ:SHYF) from Buy to Neutral and lowered the price target from $32 to $16.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 11:41 am

Procter & Gamble Co (NYSE:PG) reported Q4 FY23 sales growth of 5% YoY to $20.55 billion, beating the analyst consensus. Organic sales increased 8%, driven by higher pricing and a favorable product mix. The company returned over $16 billion of value to shareholders in fiscal 2023 via dividends and share repurchases. For FY24, P&G expects organic sales growth of 4%-5% and EPS of $6.25-$6.43.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 11:40 am