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DRI

23 analysts have provided varied opinions on Darden Restaurants (NYSE:DRI) over the past quarter, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $185.52, reflecting a slight increase from the previous target. Analysts have recently adjusted their ratings and price targets, indicating a positive outlook for Darden Restaurants.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 12:00 pm

FDS

MS

QCOM

YELP

The Nasdaq 100 closed lower by around 0.2% on Thursday. Notable insider sales were reported for Morgan Stanley, Qualcomm, Yelp, and FactSet Research Systems. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:58 am

AMAT

Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected Q2 financial results, with revenue of $6.646 billion and adjusted earnings of $2.09 per share, both surpassing analyst estimates. The company projects Q3 revenue of $6.65 billion and adjusted earnings between $1.83 and $2.19 per share. Analysts have raised their price targets for AMAT following the results.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:57 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is reducing its workforce in Norway by 10% as part of a global restructuring strategy. Affected employees will receive a severance package, and the move aims to streamline the organization for future growth. This could lead to longer wait times and reduced service quality in Norway.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 11:53 am

BABA

ONLN

PGJ

SONY

Alibaba Group Holding Ltd (NYSE:BABA) is leveraging AI to enhance its e-commerce competitiveness despite a shrinking market share. The company introduced Wenwen, an AI chatbot, on its Taobao platform for personalized product recommendations. Despite innovations, Alibaba's market share has dropped significantly, but it reported a 10% net profit increase and 8% revenue growth for the fiscal year ending March. BABA stock has lost over 4% in the last 12 months, but shares traded higher by 1.18% premarket on Friday.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 11:52 am

NICE

NICE Ltd. (NASDAQ:NICE) reported strong Q1 earnings, beating estimates with $2.58 per share and $659.309 million in sales. However, its Q2 revenue guidance midpoint is below estimates, leading to a 12.9% drop in share price. Analysts have cut their price targets but maintained positive ratings.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:50 am

TTWO

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares are trading lower premarket after the company released its fourth-quarter financial results and provided an initial outlook for fiscal 2025. The company announced a release date of fall 2025 for Grand Theft Auto VI, leading to a reduction in its bookings forecast for the current fiscal year. The company's fourth-quarter bookings decreased by 3% to $1.35 billion, and net bookings from recurrent consumer spending decreased by 2%. TTWO shares are down 2.45% to $142.50 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 11:47 am

F

GM

RIVN

TSLA

Chevrolet, a division of General Motors (GM), has unveiled its strategy to surpass Tesla (TSLA) in the electric vehicle market by launching the electric Silverado and Chevy Equinox. Despite a recent drop in EV sales, GM is optimistic about its future in the EV market. The competition in the EV market is intensifying with other legacy automakers like Ford (F) and Rivian (RIVN) also making significant strides.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 11:45 am

OP

OceanPal has entered into a support agreement with Sphinx Investment, an affiliate of George Economou. As part of the agreement, Sphinx Investment has terminated its proxy contest. Sphinx Investment owns approximately 14.1% of OceanPal's outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:38 am

BRY

COP

The article highlights two oversold energy stocks, ConocoPhillips (NYSE:COP) and Berry Corporation (NASDAQ:BRY), which may present buying opportunities. Both companies reported weaker-than-expected quarterly results, leading to significant stock price declines and low RSI values, indicating potential undervaluation.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:37 am