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STLD

Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings over the past three months, with a recent positive shift in price targets. Analysts have raised their average 12-month price target to $136.6, with a high of $145.00 and a low of $120.00. Despite a recent revenue decline, Steel Dynamics maintains strong financial metrics, including a high net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 pm

LCID

Lucid Group Inc (NASDAQ:LCID) has received mixed analyst ratings over the past three months, with most analysts maintaining a neutral stance. The average 12-month price target has slightly increased to $3.78. Despite a 32.95% revenue growth, Lucid faces challenges with profitability and returns, as indicated by its negative net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 pm

RGA

Reinsurance Group of America (NYSE:RGA) has seen a decrease in its short interest by 18.84%, with 281,000 shares sold short, representing 0.56% of its float. This is lower than the peer group average of 1.93%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 pm

VOXX

VOXX International's short interest has decreased by 37.69%, with 66,000 shares sold short, representing 0.81% of its float. This is lower than its peers' average short interest of 7.05%. The decrease in short interest may indicate a more bullish sentiment towards VOXX.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 pm

MKL

Markel Group's short interest has decreased by 17.53%, with 101,000 shares sold short, representing 0.8% of its float. This is lower than its peers' average short interest of 2.08%.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 pm

CNFR

DYN

IOBT

RXRX

SGRP

SIFY

U.S. stocks fell with the S&P 500 down 2%. SPAR Group shares surged 65% after announcing an acquisition agreement. Sify Technologies shares rose 112% due to a new certification. Conifer Holdings shares increased 83% after selling its insurance agency operations. IO Biotech, Dyne Therapeutics, and Recursion Pharmaceuticals saw significant stock declines.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 6:59 pm

AEYE

AILE

AIP

AIXI

ALKT

ANSS

APP

AUR

AZPN

BLBX

BSY

BTCS

CDNS

CRWD

DDOG

FROG

IOT

KLTR

LIF

MFH

MNDY

NICE

PLTR

PRCH

PRO

SLNH

SNPS

VERX

Software companies' shares are declining due to overall market weakness, influenced by August's ISM Manufacturing PMI data indicating economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:51 pm

BABA

GVIP

QTUM

Alibaba's subsidiary AGTech Holdings has acquired a 51.5% stake in Ant Group's Bank Macao for $30.26 million, aiming to enhance digital payment services. Alibaba's stock has been affected by regulatory issues, but analysts see potential upside.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 6:48 pm

DIVL

FCFY

FCLD

FOVL

HPE

KNGZ

Hewlett Packard Enterprise (HPE) is expected to perform well in its upcoming Q3 earnings report due to strong AI demand, recovery in infrastructure, and networking equipment demand. JPMorgan forecasts higher-than-consensus revenue and EPS for HPE, indicating potential upward revisions. HPE's stock is trading at a low multiple, making it attractive to investors.

Portfolio Pulse from Michael Juliano

September 03, 2024 | 6:44 pm

APO

SOFI

UBS

Shares in the financial sector are declining due to weak market conditions, influenced by August's ISM Manufacturing PMI data showing economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 6:42 pm