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PWM

Prestige Wealth shares declined after receiving a minimum bid price deficiency notification from Nasdaq, indicating potential delisting risks if the issue is not resolved.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:10 pm

INM

InMed Pharmaceuticals Inc. (NASDAQ:INM) announced that its oral formulation of INM-901 for Alzheimer's disease has shown promising preclinical results, leading to a significant stock surge. The drug can achieve therapeutic levels in the brain similar to traditional IP injection methods, offering a potential breakthrough in oral drug delivery for neurodegenerative diseases.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 2:10 pm

EZFL

EzFill Holdings shares rose after converting $13.5 million of debt into equity and receiving a $1.4 million investment from NextNRG.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:09 pm

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TEM

Fabrinet and several other companies saw significant stock price increases on Tuesday due to strong earnings reports and positive news. Fabrinet's shares rose 18.2% after reporting better-than-expected earnings and issuing strong guidance. Other notable gainers included Bit Digital, NANO Nuclear Energy, Tempus AI, Amer Sports, Hawaiian Holdings, and Palo Alto Networks.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 2:07 pm

SOND

Sonder Holdings shares are declining following a notification from Nasdaq about non-compliance with listing rules.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:01 pm

TOL

Toll Brothers, Inc. (NYSE:TOL) is expected to report lower Q3 earnings, with analysts forecasting $3.31 per share compared to $3.73 last year. Revenue is projected at $2.71 billion. Analysts have revised their ratings, with some downgrading and others maintaining or boosting price targets.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 2:01 pm

NMM

Navios Maritime Partners L.P. (NYSE:NMM) shares surged after reporting Q2 results. Despite a slight revenue decline, results beat expectations. The company is actively repurchasing units and has significant contracted revenue for the future.

Portfolio Pulse from Lekha Gupta

August 20, 2024 | 2:01 pm

LULU

Lululemon Athletica (NASDAQ:LULU) has been analyzed by 35 analysts, showing a range of opinions from bullish to bearish. The average 12-month price target has decreased by 12.47%, indicating a negative shift in sentiment. Despite this, Lululemon's financial performance remains strong, with impressive revenue growth, net margin, ROE, and ROA, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 2:00 pm

PUBM

In the past three months, six analysts have provided ratings for PubMatic (NASDAQ:PUBM), with a mix of bullish and bearish perspectives. The average 12-month price target has decreased from $27.40 to $21.83, reflecting a 20.33% decline. Analysts have adjusted their ratings and price targets, with some lowering their expectations. PubMatic, a leading supply-side platform in digital advertising, has shown solid revenue growth and strong financial health, despite trailing behind industry peers in growth rate.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 2:00 pm

DOGEUSD

Dogecoin (DOGE) experienced a 5% price increase, sparking interest among traders. Analysts suggest a 'stack and hold' strategy, with predictions of stable price action between $0.085 and $0.11. Despite a drop in daily active addresses, large transactions have increased, and 73% of holders are in profit. Elon Musk's recent social media activity may have contributed to the price spike.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 2:00 pm