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EHAB

AREX Capital Management, a shareholder of Enhabit, has issued a letter expressing disappointment in Enhabit's continued excuses and empty promises.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

FBIN

Fortune Brands (NYSE:FBIN) has seen a 15.35% increase in its short percent of float, now at 2.78% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 4.32%.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:02 pm

FANH

FTFT

HRTG

The article highlights three oversold financial stocks with RSI values near or below 30, presenting potential buying opportunities. The stocks mentioned are Heritage Insurance Holdings Inc (NYSE:HRTG), Fanhua Inc – ADR (NASDAQ:FANH), and Future Fintech Group Inc (NASDAQ:FTFT).

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

BWMX

In the past three months, six analysts have rated Betterware de Mexico SAPI (NYSE:BWMX), with all ratings being bullish. The average 12-month price target is $22.50. The company has shown strong financial performance with a 10.36% revenue growth rate and an 8.16% net margin.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:02 pm

INST

Instructure shares are trading higher following a Reuters report that KKR and Francisco Partners are competing to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

IVV

NVDA

SPY

Nvidia Corp (NASDAQ:NVDA) is projected to sell $12 billion worth of AI chips in China this year, despite U.S. export controls. The company is expected to deliver over 1 million H20 chips, designed to bypass these restrictions. This could significantly boost Nvidia's revenue, although the company is under scrutiny for potential smuggling of advanced AI chips into China. Nvidia's stock has surged over 203% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 05, 2024 | 3:02 pm

ADX

Adams Diversified Equity Fund, Inc. (NYSE:ADX) has commenced its previously announced tender offer to acquire up to 10% of its issued and outstanding common stock for cash. The offer is priced at 98% of the net asset value per share as of the close of trading on August 2, 2024, or the expiration date if extended.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

BTCUSD

DOGEUSD

ETHUSD

NVDA

SPY

TSLA

Bitcoin, Ethereum, and Dogecoin experienced significant declines as Mt.Gox moved $2.7 billion to a new wallet. Wall Street is in a 'wait-and-watch' mode ahead of jobs data, with Bitcoin plummeting and Tesla extending its climb. The S&P 500 settled at a new record despite the Fear & Greed Index moving to the 'Fear' zone. Nvidia supplier SK Hynix is expected to benefit from AI demand, and Tesla's Giga Berlin expansion received environmental approval.

Portfolio Pulse from Akanksha Bakshi

July 05, 2024 | 3:02 pm

COIN

Coinbase Global, Inc. (NASDAQ: COIN) shares are trading lower as Bitcoin and other cryptocurrencies experience a significant decline. Bitcoin has fallen nearly 12% over the past five days due to movements by the defunct exchange Mt. Gox. Analyst Ali Martinez warns of further potential downsides for Bitcoin. Despite the current downturn, some analysts suggest that a Trump presidency could ease crypto regulations, benefiting Coinbase. Wall Street analysts have mixed ratings on Coinbase, with an average 12-month price target of $248.10.

Portfolio Pulse from Erica Kollmann

July 05, 2024 | 3:02 pm

KOSS

Koss Corporation shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 51.9%.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm