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DOOR

Masonite International (NYSE:DOOR) has received a mix of bullish and indifferent analyst ratings in the last quarter. The company has an average 12-month price target of $123.5, which has increased by 12.96% over the past month.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 1:01 pm

ARM

Arm shares are experiencing post-IPO volatility and are trading lower. Redburn Atlantic has initiated coverage on the stock with a Neutral rating and a $50 price target.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:00 pm

ARM

Arm Holdings plc (NASDAQ:ARM) shares closed lower on Monday amid post-IPO volatility. The company was the 45th busiest single stock option with puts outpacing calls by 2 to 1. There were buyers of more than 11,000 of the October 50-puts at an average price of $1.33 per contract. Bernstein initiated coverage on ARM Holdings with an Underperform rating and a price target of $46.

Portfolio Pulse from Priya Nigam

September 19, 2023 | 12:54 pm

CING

OPTT

SBIG

VANI

Insiders at four penny stocks, SpringBig Holdings (OTC:SBIG), Ocean Power Technologies (NYSE:OPTT), Cingulate Inc. (NASDAQ:CING), and Vivani Medical (NASDAQ:VANI), have recently made notable purchases. This could indicate their confidence in the companies' prospects despite recent downbeat quarterly results and wider losses.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 12:49 pm

FXI

SPY

U.S. Treasury Secretary Yellen stated that tight monetary policy is reducing inflation in many developing countries. She also mentioned that China is facing short and long term economic issues, which could have minor spillover effects on the United States.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:48 pm

SPY

USO

U.S. Treasury Secretary Janet Yellen has expressed concern over the rise in gas prices following Saudi Arabia's oil cuts. She hopes for stabilization in oil and gas prices.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:46 pm

MOB

NIO

RKLB

Mobilicom secured an initial order from one of Europe's largest defense contractors, causing its shares to rise by 27%. Rocket Lab USA shares fell by 29% after technical issues led to the postponement of its next mission and a revision of its Q3 guidance. NIO shares dropped by 6% following the announcement of a proposed offering of $1 billion convertible senior notes.

Portfolio Pulse from ryanfaloona@benzinga.com

September 19, 2023 | 12:46 pm

AZO

AutoZone Inc reported Q4 FY23 sales growth of 6.4% year-on-year to $5.69 billion, beating the analyst consensus of $5.61 billion. EPS of $46.46 also beat the consensus of $45.12. The company saw a 1.7% increase in domestic same-store sales and a 34.1% increase in international sales. Gross margin expanded to 52.7% and operating income climbed 10.8% Y/Y to $1.2 billion. AutoZone opened 53 new stores in the U.S. in the quarter, bringing the total store count to 7,140. The company had $1.8 billion remaining under its share repurchase authorization at year end.

Portfolio Pulse from Shivani Kumaresan

September 19, 2023 | 12:42 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is in talks with Arizona authorities to increase advanced chip packaging capacity at its plants in the state. This comes as packaging becomes a bottleneck in semiconductor production, particularly for high-demand products like Nvidia Corp's AI accelerators. TSMC's commitment to Arizona includes two fabs and a $40 billion investment, with plans to produce more advanced 4-nm chips at the Arizona facility. The company's decision also highlights its strategic partnership with major customers like Apple Inc.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 12:41 pm

Block Inc (NYSE:SQ) announced a CEO transition for its Square business, with Alyssa Henry departing the company effective Oct. 2. Jack Dorsey, Block head and chairperson, is set to serve as the new Square CEO. Following the announcement, Wedbush analyst Nick Setyan reiterated Block with a Neutral rating and maintained a price target of $70. Block shares are down close to 20% over a one-year period.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 12:40 pm