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PENN

Penn Entertainment Inc (NASDAQ:PENN) shares experienced a slight increase despite a premarket drop and a disappointing first-quarter report. BofA Securities analyst Shaun Kelley downgraded PENN from Buy to Neutral and cut the price target from $28 to $17.50, citing challenges with ESPN Bet's low revenue and high fixed costs. Kelley highlighted the difficulty in scaling ESPN Bet to profitability, leading to potential prolonged losses, which poses a significant risk to future estimates. Additionally, Kelley noted Penn Entertainment's lackluster core business trends and rising balance sheet leverage, increasing execution risk.

Portfolio Pulse from Priya Nigam

May 13, 2024 | 4:36 pm

VWAGY

Volkswagen is reportedly considering selling €500 million to €1 billion worth of Traton stock in the coming weeks, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:34 pm

APDN

HC Wainwright & Co. analyst Yi Chen maintains a Buy rating on Applied DNA Sciences (APDN), adjusting the price target to $7 from $1.5.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:32 pm

BNED

GME

KOSS

VRM

In Monday's intraday session, 12 consumer discretionary stocks saw significant movements. Notable gainers included GameStop, Faraday Future, Tupperware Brands, Koss, VinFast Auto, and Uxin, with GameStop leading at a 67.1% increase. On the downside, Barnes & Noble Education, Vroom, Naas Technology, Jeffs Brands, QuantaSing Group, and Worksport experienced declines, with Barnes & Noble Education dropping the most at 43.4%. Market values and recent earnings reports were highlighted for several companies.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:31 pm

APDN

CCLD

NVAX

RNAZ

Health care stocks showed significant movement in Monday's intraday session, with notable gainers including CareCloud, Novavax, and Macrogenics, and losers like TransCode Therapeutics and Applied DNA Sciences. Earnings reports influenced several stock movements.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:31 pm

AMPX

CACO

CIX

EFSH

GRFX

HTZ

PEGY

PLUG

SAVE

SPWR

XELAP

In Monday's intraday session, notable movements were observed in the industrials sector with SunPower, Caravelle Intl Gr, Plug Power, Hertz Global Holdings, Spirit Airlines, and Exela Technologies experiencing gains, while Amprius Technologies, 1847 Holdings, Compx Intl, Graphex Gr, NL Industries, and Pineapple Energy saw declines. The movements were attributed to various factors including Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:31 pm

AKTS

LPSN

MAXN

VUZI

Information Technology stocks experienced significant movements in Monday's intraday session, with notable gainers including Vuzix, LivePerson, and Maxeon Solar Technologies, among others, due to recent earnings reports and market activities. Conversely, Akoustis Technologies and other companies faced declines, with Akoustis's drop attributed to its Q3 earnings report.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:30 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading higher after Roaring Kitty sparked a meme stock revival, influencing stocks like GameStop and AMC Entertainment. Heavy trading volume is noted with over 15.16 million shares traded, against a 100-day average of 17.031 million. Analysts have mixed ratings on HOOD, with an average 12-month price target of $19.67, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 4:30 pm

Zscaler (NASDAQ:ZS) has delivered an average annual return of 17.26% over the past 5 years, outperforming the market by 4.5% annually. With a current market capitalization of $26.17 billion, an initial investment of $100 in ZS 5 years ago would be worth $222.04 today.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:30 pm

EME

EMCOR Group (NYSE:EME) has significantly outperformed the market with an annualized return of 20.75% over the past 15 years, turning a $1000 investment into $16,691.08 today. The company's market capitalization stands at $18.00 billion.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:30 pm