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NTAP

NetApp shares are trading higher following a Q4 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:02 pm

NTAP

NetApp (NASDAQ:NTAP) reported Q4 2024 adjusted EPS of $1.80, beating the estimate of $1.79. Sales were $1.670 billion, surpassing the $1.655 billion estimate and marking a 5.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:01 pm

NHI

Analysts have provided mixed ratings for National Health Investors (NYSE:NHI) over the past quarter, with a recent increase in the average 12-month price target to $65.0. Key analysts from Wells Fargo, Truist Securities, Wedbush, and BMO Capital have raised their price targets, reflecting a positive outlook. Despite challenges in revenue growth, NHI shows strong profitability, effective cost management, and sound financial structure.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:01 pm

RARE

Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) announced positive topline results from its Phase 3 study of DTX401 gene therapy for Glycogen Storage Disease Type Ia. The study showed a significant reduction in daily cornstarch intake and maintained glucose control, achieving its primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:01 pm

EQT

EQT (NYSE:EQT) has outperformed the market over the past 5 years with an average annual return of 17.27%, resulting in a $1000 investment growing to $2,234.53. The company currently has a market capitalization of $18.18 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:00 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has significantly outperformed the market over the past 20 years, delivering an average annual return of 10.59%. A $1000 investment in IDXX 20 years ago would be worth $7,450.57 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:00 pm

MSFT

SONY

In April, the US gaming market saw a 3% drop in consumer spending, totaling $4.1 billion. Despite this, game content spending rose by 2% to $3.7 billion. Hardware sales plummeted by 43% to $208 million, with Sony's PlayStation 5 leading sales, followed by Nintendo Switch and Microsoft's Xbox. Notable software performances included Stellar Blade and Sea of Thieves.

Portfolio Pulse from Franca Quarneti

May 30, 2024 | 7:58 pm

HPQ

HP Inc. (NYSE:HPQ) experienced a historic stock surge, climbing as much as 19% following the release of its second-quarter financial results. The company reported net revenue of $12.8 billion, surpassing estimates, and provided optimistic guidance for the third quarter and full year. Multiple analysts increased their price targets, contributing to the momentum.

Portfolio Pulse from Vaishali Prayag

May 30, 2024 | 7:52 pm

BIG

Big Lots (NYSE:BIG) has seen a 13.11% decrease in its short percent of float, now at 23.2%. This indicates a shift in market sentiment, with fewer shares being shorted. It would take traders 3.4 days to cover their short positions. Compared to its peers, Big Lots has a higher short interest percentage.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 7:45 pm

LLY

NVO

OZEM

The newly launched Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) is gaining traction due to its significant holdings in Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO), which make up over 40% of its portfolio. These companies are leaders in the weight-loss drug market, with innovative treatments like Eli Lilly's Zepbound and Novo Nordisk's amycretin. OZEM offers a focused investment opportunity in this growing sector but comes with risks typical of niche investments.

Portfolio Pulse from Surbhi Jain

May 30, 2024 | 7:36 pm