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CACI

Analyst ratings for CACI International (NYSE:CACI) have shown a mix of bullish and somewhat bullish perspectives over the past three months. Analysts have raised their price targets, with an average target of $479.33, reflecting a 13.41% increase from the previous average. Key analysts from TD Cowen, JP Morgan, and Truist Securities have raised their ratings and price targets for CACI. The company has shown strong financial performance with significant revenue growth and a solid net margin.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 5:00 pm

GOOGL

Google's recent AI ad faced backlash for implying AI could replace personal effort, leading to a 6.59% drop in shares. The ad was pulled from Olympics coverage, highlighting public unease about AI's role in creativity. Despite this, Google's stock is up 16% year-to-date.

Portfolio Pulse from Zaheer Anwari

August 05, 2024 | 4:54 pm

CBDD

CBD of Denver, Inc. (OTC:CBDD) projects $1.03 million in Q2 revenue, up from $720,000 in the same period of 2023. The company is exploring opportunities in the German market through its subsidiary Luxora, which has received positive engagement for a cannabis testing device. Despite challenges in its wholesale business, the company is focusing on higher-margin opportunities and recurring revenue. The German market is evolving with slow progress in cannabis club applications.

Portfolio Pulse from Nina Zdinjak

August 05, 2024 | 4:53 pm

AMD

ASML

KLAC

LRCX

ON

Shares of semiconductor and chip stocks are trading higher, rebounding after a morning selloff. The sector may also be reacting to NVIDIA reportedly delaying its next AI chips.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:50 pm

NVDA

TSM

Nvidia and TSMC are facing production challenges with the next generation of Nvidia's AI chips, potentially delaying shipments. This has caused Nvidia's stock to drop by up to 15% and TSMC's by 10%. Analysts suggest the delay may impact Nvidia's short-term revenue but not its long-term prospects.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:44 pm

HOOD

Robinhood Markets, Inc. (NASDAQ: HOOD) shares are experiencing a significant drop due to global market uncertainties and recent U.S. economic data indicating a potential recession. The stock fell nearly 12% on Friday and continued to decline on Monday. Citigroup analyst Christopher Allen upgraded Robinhood from Sell to Neutral, and the company is set to report its second-quarter results on Wednesday.

Portfolio Pulse from Erica Kollmann

August 05, 2024 | 4:42 pm

AMZN

RIVN

Rivian Automotive (NASDAQ:RIVN) is set to report its Q2 financial results, with key updates expected on vehicle production guidance, a Volkswagen joint venture, and R2 reservations. Analysts predict Q2 revenue of $1.13 billion and a loss of $1.21 per share. Rivian has a history of beating revenue estimates but has missed EPS estimates in the last two quarters. The stock is down 37% YTD. Analysts have mixed views on the $5 billion Volkswagen joint venture. Key items to watch include R2 vehicle launch, production guidance, and potential new delivery vehicle partnerships.

Portfolio Pulse from Chris Katje

August 05, 2024 | 4:41 pm

META

Bill Baruch announced on CNBC that he has bought more shares of Meta Platforms, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:37 pm

AVGO

Bill Baruch announced on CNBC that he has bought more shares of Broadcom.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:35 pm

MRK

Deep-pocketed investors have shown a bearish trend towards Merck & Co (NYSE:MRK) through significant options activity. Benzinga's options scanner highlighted 10 notable options activities, with 50% of the sentiment being bearish. Analysts have mixed ratings, with price targets ranging from $125 to $145.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 4:31 pm