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SLF

Sun Life shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:06 pm

ONTO

Onto Innovation's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company's Q2 guidance surpassed estimates, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:05 pm

MTD

Mettler-Toledo's shares surged following the announcement of their Q1 financial results, which exceeded expectations. The company also provided positive guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:04 pm

LII

Over the past 15 years, Lennox Intl (NYSE:LII) has produced an average annual return of 20.05%, outperforming the market by 7.72% on an annualized basis. A $100 investment in LII 15 years ago would be worth $1,591.34 today. Lennox Intl currently has a market capitalization of $17.41 billion.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 2:03 pm

CLOU

DOCN

SKYY

DigitalOcean Holdings Inc (DOCN) shares surged after reporting strong fiscal first-quarter results, with revenue and adjusted EPS beating analyst estimates. The company also provided an optimistic outlook for Q2 and fiscal 2024, expecting higher revenue and adjusted EPS. Additionally, DOCN was added to the S&P SmallCap 600, replacing Agiliti Inc. Investors can also gain exposure to DOCN through the Global X Cloud Computing ETF (CLOU) and the First Trust Cloud Computing ETF (SKYY).

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 2:02 pm

GHLD

Guild Holdings (NYSE:GHLD) has received mixed analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target is now $16.00, up from $13.00, indicating a 23.08% increase. Analysts from Wedbush, JP Morgan, Wells Fargo, and BTIG have provided updates, with actions ranging from maintaining to raising their ratings and price targets. Guild Holdings, a mortgage company, faces challenges with a market cap below industry average, revenue decline of -58.82%, and poor profitability metrics.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 2:01 pm

DNOW

EVLV

GWAV

ITOS

LIDR

MGNX

NVAX

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. DNOW Inc. reported weaker-than-expected Q1 earnings. Novavax surged 128% after announcing a COVID-19 vaccine licensing agreement with Sanofi. iTeos Therapeutics and AEye also saw significant gains, while MacroGenics, Evolv Technologies, and Greenwave Technology Solutions experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 2:01 pm

SPY

Federal Reserve's Logan suggests the neutral interest rate level, which neither stimulates nor restricts economic growth, may have increased. This assessment could influence future Fed policy decisions, potentially impacting market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:01 pm

FLNC

Fluence Energy (NASDAQ:FLNC) has seen a shift in analyst sentiment, with a decrease in the average price target by 10.6% to $22.17. Six analysts have provided ratings, showing a move towards a more indifferent stance in the last 30 days. The company's financial performance indicates strong revenue growth of 71.21% as of March 31, 2024, but challenges in ROE and ROA. Fluence Energy is recognized for its energy storage products and services, contributing to the clean energy transition.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 2:00 pm

SPY

Michigan Consumer Sentiment for May dropped to 67.4, significantly lower than the estimated 76.0 and the previous month's 77.2. This decline indicates a decrease in consumer confidence.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:00 pm