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FIVN

Five9 has announced a reduction in its global workforce by 7%, with estimated costs ranging from $12 million to $15 million. This move is part of a strategic plan to optimize operations.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:58 pm

FN

Fabrinet's stock surged after reporting strong Q4 results, beating EPS and revenue estimates, and issuing robust guidance. Analysts raised price targets, contributing to the stock's 18.6% increase.

Portfolio Pulse from Dylan Berman

August 20, 2024 | 5:49 pm

DIS

Investors with significant capital have shown a bearish sentiment towards Walt Disney (NYSE:DIS) through options trading. Benzinga's options scanner identified 28 unusual trades, with 57% being bearish. The stock is currently down 1.15% at $89.78. Analysts maintain a positive outlook with an average price target of $110.2.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 5:46 pm

ISRG

Recent options trading trends for Intuitive Surgical (NASDAQ:ISRG) show a bearish sentiment among financial giants, with 60% of trades being bearish. The stock's price is projected to range between $400 and $490. Despite this, analysts have given optimistic ratings with a target price of $510.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 5:46 pm

NEE

Recent options trading trends for NextEra Energy (NYSE:NEE) show a mix of bullish and bearish sentiments, with significant trades indicating a price range of $67.5 to $92.5. Analysts have mixed ratings, with target prices ranging from $75 to $94.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 5:46 pm

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PANW

TLT

UUP

Wall Street experienced a downturn with all major U.S. indices trading in the red. The S&P 500 and Nasdaq 100 are at risk of ending their eight-day winning streak. The U.S. dollar fell to an eight-month low, impacting the Invesco DB USD Index Bullish Fund ETF (UUP). Treasury yields declined, benefiting the iShares 20+ Year Treasury Bond ETF (TLT). Notable stock movements included Palo Alto Networks' 8.6% rise due to strong earnings, while Boeing fell over 4% after grounding its 777X test fleet.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 5:45 pm

KC

NVDA

Nvidia Corp (NASDAQ:NVDA) stock traded lower on Tuesday as investors engaged in profit booking after a 193% gain over the past year. Analysts continue to view Nvidia as a key player in AI, with new innovations in gaming and weather forecasting. Oppenheimer analyst Rick Schafer reiterated an Outperform rating with a $150 price target, citing Nvidia's strong AI ecosystem and growth potential.

Portfolio Pulse from Anusuya Lahiri

August 20, 2024 | 5:44 pm

MAX

Goldman Sachs initiated coverage on MediaAlpha, Inc. (NYSE:MAX) with a Buy rating and a $20 price target, citing growth in the insurance digital advertising market. Analyst Eric Sheridan highlights the company's potential in the P&C market recovery and digital channel expansion. MediaAlpha's recent financial performance exceeded expectations.

Portfolio Pulse from Lekha Gupta

August 20, 2024 | 5:43 pm

PYPL

PayPal shares rise following positive analyst coverage from JPMorgan, which raised its price target to $80. PayPal announced an expanded partnership with Adyen to enhance guest checkout experiences, aiming for global expansion.

Portfolio Pulse from Adam Eckert

August 20, 2024 | 5:40 pm

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LOW

Lowe's Q2 earnings report showed a beat on adjusted EPS but a miss on revenue. Analysts highlighted strong margins, with JP Morgan and Goldman Sachs maintaining positive ratings. Despite sales pressure, margin improvements support a positive outlook.

Portfolio Pulse from Nabaparna Bhattacharya

August 20, 2024 | 5:37 pm