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CING

HRB

NDRA

SHIM

SNDA

ZCAR

U.S. stocks traded higher with the Dow Jones gaining 75 points, driven by a surge in consumer confidence. Key movers included Cingulate Inc. (CING), Zoomcar Holdings (ZCAR), and H&R Block (HRB) with significant gains, while Sonida Senior Living (SNDA), Shimmick Corporation (SHIM), and ENDRA Life Sciences (NDRA) saw notable declines.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 4:20 pm

AMAT

A retraction has been issued regarding an incorrect headline about Citigroup's rating on Applied Materials (AMAT).

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:20 pm

WMT

Walmart Inc (NYSE:WMT) has been highlighted by seven analysts for its market share gains and improving gross margins in its second-quarter financial results. Analysts from Bank of America, KeyBanc, BMO Capital, Truist, Goldman Sachs, RBC Capital, and Piper Sandler have reiterated positive ratings and raised price targets, citing strong revenue, e-commerce momentum, and omni-channel execution.

Portfolio Pulse from Chris Katje

August 16, 2024 | 4:18 pm

MUR

Murphy Oil's short interest has risen by 18.07%, with 7.05 million shares sold short, representing 6.73% of its float. This is higher than its peers' average of 5.51%. It would take traders 5.3 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 4:15 pm

FCFY

PEJ

WBD

Warner Bros. Discovery (NASDAQ:WBD) shares are trading higher following the announcement of Kathleen Finch's retirement and Channing Dungey's appointment as the new head of U.S. Networks. The company is shifting its content strategy towards unscripted programming and streaming, amid challenges in the cable network industry. WBD stock has lost over 44% in the past year but is up 1.35% today. Investors can also gain exposure through ETFs like Invesco Leisure and Entertainment ETF (NYSE:PEJ) and First Trust S&P 500 Diversified Free Cash Flow ETF (NYSE:FCFY).

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 4:11 pm

CHRS

Coherus Biosciences shares are trading lower after UBS downgraded the stock from Buy to Neutral and lowered its price target from $4 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:07 pm

JD

JD.com shares are trading higher, likely continuing to gain momentum following Thursday's earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:06 pm

XAIR

Beyond Air shares are trading higher after Roth MKM reinstated a Buy rating on the stock and announced a $2 price target.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:04 pm

AXON

Investors with significant capital have taken a predominantly bearish stance on Axon Enterprise (NASDAQ:AXON), as observed through recent options trades. Benzinga's options scanner detected 9 unusual trades, with 55% being bearish. The major market movers are focusing on a price range between $250.0 and $420.0. Analysts have mixed ratings, with target prices ranging from $360 to $400.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 4:02 pm

RVPH

Reviva Pharmaceuticals shares are trading lower after Maxim Group downgraded the stock from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:01 pm