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Major indices rise after the US Senate passes a debt ceiling bill and May job report data exceeds expectations.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:55 pm

UDMY

Needham analyst Ryan MacDonald reaffirmed a Buy rating on Udemy Inc (NASDAQ: UDMY) with a $16 price target. Udemy is benefiting from long-term strategic partnerships and international opportunities, particularly in the APAC region.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 2:55 pm

MDB

MongoDB Inc (NASDAQ:MDB) shares climbed after a strong earnings report, leading to major forecast revisions by four analysts. The company's Q1 results were better than expected, with growth from Atlas and EA, strong customer additions, and new workload trends.

Portfolio Pulse from Priya Nigam

June 02, 2023 | 2:54 pm

UCAR

U Power shares were halted on a circuit breaker to the downside, but the stock is now up 39.5%.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 2:52 pm

FSLR

GLJ Research has upgraded First Solar Inc (NASDAQ:FSLR) from Sell to Hold with a price target of $157.56. The company expects to benefit from the Inflation Reduction Act, with $0.17 per watt for each module sold. The analyst believes First Solar's story is still strong, but the solar industry may face a rerating lower of valuation multiples.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 2:50 pm

APTV

A death cross has formed on Aptiv's (NYSE: APTV) chart, indicating a potential bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average. Aptiv is trading around $92.24 at publication time.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:49 pm

MRVL

A golden cross has formed on Marvell Tech's (NASDAQ: MRVL) chart, which could be bullish for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a potential change in the long-term trend.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:49 pm

TMUS

A large bearish position on T-Mobile US (NASDAQ:TMUS) has been observed, with 24 uncommon options trades spotted. The overall sentiment is split between 45% bullish and 54% bearish. Whales have been targeting a price range of $115 to $140 for T-Mobile US over the last 3 months. Tigress Financial maintains a Buy rating with a price target of $204.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:49 pm

BARK

BARK reported Q4 sales of $126.02 million with a loss of $14.20 million, and a return on capital employed (ROCE) of -0.08%. The negative ROCE suggests that management may not be effectively allocating their capital.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:49 pm

REED

Reed's reported Q1 sales of $11.16 million and a loss of $4.36 million, despite a 35.63% increase in earnings. The company posted a return on capital employed (ROCE) of 0.35%, indicating effective capital allocation. However, Q1 earnings per share of $-1.7 did not meet analyst predictions of $-1.02.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:48 pm