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CON

SEM

SGRY

USPH

RBC Capital Markets initiated coverage of Concentra Group Holdings Inc (NYSE:CON) with an Outperform rating and a price target of $33, citing its dominant market position and unique investment strategy. Concentra's trading performance has mirrored its parent company, Select Medical Holdings Corp. (NYSE:SEM). The analyst sees potential upside due to Concentra's favorable reimbursement structure compared to peers like Surgery Partners Inc (NASDAQ:SGRY) and U.S. Physical Therapy Inc (NYSE:USPH).

Portfolio Pulse from Vandana Singh

August 20, 2024 | 6:39 pm

BA

Boeing discovered structural cracks in its 777X test jets, leading to a 5% drop in its stock price. The company has grounded its test fleet to address the issue, impacting its delivery timeline.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:36 pm

AVGO

Broadcom (NASDAQ:AVGO) has significantly outperformed the market over the past decade, with an annualized return of 36.18%. A $1000 investment in AVGO 10 years ago would now be worth $21,981. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:30 pm

MU

Micron Technology (NASDAQ:MU) has outperformed the market over the past decade with an average annual return of 12.64%, resulting in a $1000 investment growing to $3,255.95. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:30 pm

TLS

Telos Corporation (NASDAQ:TLS) shares surged after securing a $12.5 billion contract for modernizing Air Force network infrastructure. This contract, part of a competitive process, positions Telos in a $24.5 billion market, boosting its stock by 17.8%.

Portfolio Pulse from Nabaparna Bhattacharya

August 20, 2024 | 6:29 pm

DIS

Disney has cancelled the Star Wars series 'The Acolyte' after its first season due to poor audience ratings, despite strong initial viewership. The decision may be influenced by criticism of the show's content. Disney continues to expand the Star Wars universe with upcoming series and films.

Portfolio Pulse from Chris Katje

August 20, 2024 | 6:28 pm

SNOW

Snowflake Inc (NYSE:SNOW) is experiencing short-term bullish momentum ahead of its Q2 earnings, trading above its short-term moving averages. However, the long-term outlook remains bearish, with the stock significantly below its 200-day SMA. Analysts are optimistic, with a consensus 'Buy' rating and a 35% upside potential.

Portfolio Pulse from Surbhi Jain

August 20, 2024 | 6:25 pm

RR

Richtech Robotics Inc. (NASDAQ:RR) shares surged 43% after announcing the installation of its ADAM humanoid drink robot at a Walmart in Rockford, Illinois. This marks the second installation in a planned rollout across 240 One Kitchen locations in the U.S., potentially generating new revenue streams.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 6:22 pm

GS

IAI

KBWB

Goldman Sachs shares are trading lower as the bank hires Matt Beitzel, a veteran investment banker, to lead its financial institutions group. The bank has also made several senior leadership appointments and agreed to sell Ireland's largest shopping mall. Investors can gain exposure to Goldman Sachs through ETFs like IAI and KBWB.

Portfolio Pulse from Lekha Gupta

August 20, 2024 | 6:21 pm

RKLB

Deep-pocketed investors are showing a bearish sentiment towards Rocket Lab USA (NASDAQ:RKLB) as revealed by Benzinga's options scanner. The options activity is unusual, with 50% of investors bearish and 25% bullish. The stock is currently down by 7.32% at $6.66, with a consensus target price of $6.5. Analysts have mixed ratings, with Cantor Fitzgerald downgrading to Overweight and Citigroup maintaining a Buy rating.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:16 pm