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A recent Benzinga poll asked readers which of the Magnificent 7 stocks they believe will best weather a recession. Amazon and Nvidia tied for the top spot, followed by Microsoft. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) experienced significant drops due to economic uncertainties. Despite recent market recovery, investors remain cautious about a potential recession.

Portfolio Pulse from Chris Katje

August 09, 2024 | 2:03 pm

BAP

Credicorp shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:01 pm

LNG

Over the past three months, analysts have shared mixed opinions on Cheniere Energy (NYSE:LNG), with recent ratings showing a slight bullish trend. The average 12-month price target has increased to $200.5. Despite strong ROE, the company faces challenges with revenue growth, net margin, and debt management.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

MGOL

MGO Global (NYSE:MGOL) has seen a significant rise in its short interest, with a 710.49% increase since the last report. Currently, 49.44% of its float is sold short, which is much higher than its peers' average of 2.84%. This could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.42%. A $100 investment in ON stock 10 years ago would be worth $827 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

NVO

Novo Nordisk shares are trading higher, likely due to Eli Lilly raising its guidance driven by the performance of Mounjaro and Zepbound.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:00 pm

VRNS

Varonis Systems (NYSE: VRNS) has seen a 12.59% increase in its short percent of float, now at 12.25% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 9.82 days to cover their short positions. Varonis Systems' short interest is significantly higher than its peer group average of 5.45%.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

VLO

Valero Energy (NYSE:VLO) has outperformed the market over the past 20 years with an average annual return of 11.84%, resulting in a $100 investment growing to $888.19. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

ACLX

Over the past three months, 7 analysts have evaluated Arcellx (NASDAQ:ACLX), with the majority being bullish. The average 12-month price target is $81.57, with a high of $87.00 and a low of $70.00. Recent analyst actions include maintaining, raising, and lowering ratings and price targets. Arcellx has shown significant revenue growth and strong financial health, with a market capitalization above industry standards.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm

YETI

Analysts have mixed opinions on YETI Holdings (NYSE:YETI) with recent ratings showing a shift towards a more bearish outlook. The average 12-month price target has slightly increased to $48.5. Key analysts have adjusted their ratings and price targets, reflecting varied expectations for the company's future performance.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 2:00 pm