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MRCY

Mercury Sys (NASDAQ:MRCY) has received mixed analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 7 indifferent ratings. The average price target is $37.8, slightly above the current price of $36.17. However, this average has decreased by 16.81% from the previous average price target of $45.44.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

DVN

In the last quarter, Devon Energy (NYSE:DVN) has received mostly bullish ratings from analysts. The company has an average price target of $63.5, a decrease of 6.86% from the previous average price target of $68.18.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

WOLF

Wolfspeed, Inc. (NYSE:WOLF) reported mixed Q4 results and lowered Q1 EPS guidance, causing its shares to trade lower in the after-hours session. The company reported Q4 losses of 42 cents per share, missing the analyst consensus estimate of losses of 20 cents. However, its Q4 sales of $235.8 million beat the analyst consensus estimate of $222.82 million. Wolfspeed anticipates Q1 EPS to be between losses of 75 cents and 60 cents, lower than the Street estimate of losses of 29 cents.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 8:57 pm

CHEK

Trading of Check-Cap shares has been halted due to pending news.

Portfolio Pulse from Charles Gross

August 16, 2023 | 8:56 pm

FSLR

ICLN

PAVE

TSLA

President Joe Biden celebrated the first anniversary of the Inflation Reduction Act (IRA), emphasizing its role in job creation, climate change mitigation, and deficit reduction. Biden attributed the decline in inflation to the IRA's success in reinvesting in America. He also highlighted the IRA's role in repositioning the U.S. in the global clean energy landscape, with ambitious goals for solar and wind power. Companies like Tesla Inc and First Solar Inc, as well as ETFs like the Global X U.S. Infrastructure Development ETF and iShares Global Clean Energy ETF, could benefit from these policies.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 8:54 pm

QQQ

SPY

The July FOMC minutes reveal a divergence of views among Federal Reserve officials, with a majority emphasizing the presence of significant upside risks to inflation, potentially requiring further tightening of monetary policy. This led to a surge in the U.S. dollar and a rise in Treasury yields, while stocks stumbled. Economists suggest that the Fed might raise rates by a quarter-point in the last quarter if the economy keeps growing and wages remain elevated. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both closed lower.

Portfolio Pulse from Piero Cingari

August 16, 2023 | 8:53 pm

AMD

AMD's Ryzen 5 7500F is now available for purchase in the U.S. and Europe, as reported by Tom's Hardware.

Portfolio Pulse from Charles Gross

August 16, 2023 | 8:47 pm

SHOP

A large investor has taken a bullish stance on Shopify (NYSE:SHOP), with 70% of big-money traders also showing bullish sentiment. The investor's position was noticed through publicly available options history. The mean open interest for Shopify options trades today is 3474.0 with a total volume of 1,992.00. Whales have been targeting a price range from $50.0 to $80.0 for Shopify over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:46 pm

CSCO

Cisco Systems, Inc. reported better-than-expected Q4 earnings, leading to a rise in its shares in the after-hours session. The company reported earnings of $1.14 per share, beating the analyst consensus estimate of $1.06. Revenues of $15.20 billion also surpassed the analyst consensus estimate of $15.05 billion, marking a 16.01% increase over the same period last year. Total software revenue and software subscription revenue were up 17% and 20% year-over-year respectively. The company estimates full-year 2024 earnings per share to be between $4.01 and $4.08, and revenue to be between $57 billion and $58.2 billion.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 8:44 pm

IDEX

Ideanomics (IDEX) has received a notice from Nasdaq regarding the late filing of its quarterly report on Form 10-Q. The company is expected to submit the report soon to avoid any potential delisting.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:38 pm