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ARRY

In the last three months, 11 analysts have shared their evaluations of Array Technologies (NASDAQ:ARRY), showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 12.72%, with a current average target of $17.36. Analysts have adjusted their ratings and price targets in response to recent developments, with several lowering their targets. Array Technologies faces challenges with revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 4:00 pm

FXD

SKX

XMMO

Skechers USA Inc. (NYSE:SKX) has filed a lawsuit against LL Bean for allegedly copying its shoe designs. The lawsuit, filed in Manhattan federal court, claims LL Bean's Freeport casual shoes infringe on Skechers' patented heel cup designs. Skechers seeks unspecified damages and aims to halt the sales of the infringing shoes. The outcome could impact the footwear industry's approach to design patents and market entry strategies. Skechers stock has gained over 26% in the last 12 months, and investors can gain exposure via First Trust Consumer Discretionary AlphaDEX Fund (NYSE:FXD) and Invesco S&P Midcap Momentum ETF (NYSE:XMMO).

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 3:59 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) has received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share. The company has 180 days to regain compliance. The notice does not immediately affect the company's Nasdaq listing or trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:57 pm

ADDDF

ADDYY

NKE

Adidas expects unfavorable currency effects to significantly impact its profitability this year. Excluding Yeezy sales, currency-neutral revenues increased by 16% during the quarter. These effects are negatively impacting both reported revenues and gross margin development in 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:54 pm

NKE

Nike shares are trading higher following Adidas' announcement of an increased full-year guidance.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:53 pm

ARLP

PLTR

Several Silicon Valley moguls, including Palantir Technologies co-founder Joe Lonsdale and the Winklevoss twins, have donated to a super-PAC supporting Donald Trump's presidential bid. America PAC has raised over $8.7 million since June. Elon Musk was rumored to commit $45 million a month but denied the report via a meme.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 3:51 pm

VEV

Vicinity Motor Corp (NASDAQ:VEV) shares fell by 12.8% to $0.56 after the company announced a $2.5 million registered direct offering. The offering includes 4,807,692 common shares and warrants to purchase an additional 4,807,692 shares at a combined price of $0.52 per share and warrant. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 3:51 pm

OXY

Whales are showing a bullish stance on Occidental Petroleum (NYSE:OXY) with significant options trades. 50% of the trades are bullish, 37% bearish, and the rest neutral. Analysts have mixed ratings with an average target price of $73.5. The stock is currently trading at $62.26.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 3:46 pm

LULU

Financial giants have shown a bearish sentiment towards Lululemon Athletica (NASDAQ:LULU) through unusual options activity. Analysis reveals 75% of traders are bearish, with significant trades in both puts and calls. The predicted price range for LULU is between $260.0 and $460.0. Current trading volume is 634,505, with the stock price at $287.22, up by 1.23%. Analysts have mixed ratings, with target prices ranging from $220 to $470.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 3:46 pm

AAPL

TBLA

Taboola.com Ltd (NASDAQ:TBLA) has secured a deal with Apple Inc (NASDAQ:AAPL) to deliver native advertising within the Apple News and Apple Stocks apps. This partnership is expected to leverage Taboola's extensive network and Apple's significant ad revenue potential. Taboola's shares rose by 5.47% following the announcement.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 3:45 pm