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CIEN

IYZ

XTL

Ciena Corporation (NYSE:CIEN) was downgraded by JP Morgan due to concerns over telco spending and margin pressures. The analyst highlighted limited EPS upside and a muted capex growth outlook for U.S. telcos. Ciena's telecom revenues are below pre-pandemic levels, and the company has authorized a share repurchase program starting in 2025. CIEN shares fell 3.93% following the downgrade.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:52 pm

BABA

MCHI

SPY

TCEHY

Chinese stocks have surged, with the MSCI China Index outperforming the S&P 500 due to policy stimulus. The iShares MSCI China ETF (MCHI) rose over 35% from Sept. 24 to Oct. 7. Major Chinese companies like Alibaba and Tencent saw significant gains. Analysts advise caution, suggesting potential pullbacks but also long-term opportunities in certain sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 5:49 pm

AXP

American Express shares declined after JP Morgan downgraded the stock from Overweight to Neutral, even though the price target was increased from $268 to $286.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:48 pm

BUL

LULU

VFQY

Analysts are optimistic about Lululemon's international growth, particularly in China, despite mixed trends in the US market. JP Morgan and Goldman Sachs analysts have differing views on the company's short-term prospects, with a focus on the upcoming Shanghai Analyst Meeting.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:48 pm

DD

DuPont de Nemours shares fell after Barclays downgraded the stock from Equal-Weight to Underweight and reduced its price target from $88 to $84.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:48 pm

HSY

Hershey's stock is experiencing a decline following a downgrade by UBS from Buy to Neutral, with a reduced price target from $226 to $209.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:47 pm

NFLX

Netflix shares declined following a downgrade by Barclays from Equal-Weight to Underweight, with the price target remaining at $550.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:47 pm

HIMS

Hims & Hers Health shares are experiencing an upward trend as the company is set to join the S&P SmallCap 600 index this week.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:46 pm

XYL

Xylem Inc. (NYSE:XYL) is trading at $133.65 with a P/E ratio of 41.19, higher than the Machinery industry's average of 28.81. This suggests potential overvaluation or expected future performance. Investors should consider other metrics alongside the P/E ratio for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 5:45 pm

AAPL

ARCH

BX

CSIQ

CVX

GOOG

GOOGL

GS

JPM

MS

MSFT

TSLA

WFC

XOM

The 2024 election between Kamala Harris and Donald Trump could impact financial and energy stocks similarly to the 2016 election. Trump's 2016 win boosted financial and fossil fuel stocks, while tech and clean energy stocks declined. A Trump victory in 2024 might repeat these trends.

Portfolio Pulse from Hayden Buckfire

October 07, 2024 | 5:44 pm