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CNMD

ENPH

SWKS

Insiders at CONMED, Skyworks Solutions, and Enphase Energy have made significant stock purchases, signaling confidence in their companies. CONMED's COO bought shares after reporting strong Q1 results. Skyworks Solutions' CEO made a $1M purchase following earnings that beat estimates. Enphase Energy's CFO invested after a disappointing Q1 report but remains optimistic.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 1:02 pm

APA

RES

SLB

The article highlights the top 3 oversold energy stocks, which are RPC, Inc. (RES), APA Corporation (APA), and Schlumberger Limited (SLB), based on their RSI values indicating potential undervaluation. RES reported disappointing Q1 results, APA's Q1 earnings missed expectations, and SLB had strong sales but expects softness in North America. Their recent price actions and RSI values suggest they may be poised for short-term performance changes.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 1:02 pm

AAPL

Apple, Inc. (AAPL) reported Q2 earnings that exceeded expectations, with strong guidance for low single-digit growth, a significant $110 billion buyback, and an upcoming AI strategy announcement. Wedbush analyst Daniel Ives highlighted the better-than-expected performance, particularly in China and the Services segment, and anticipates a growth renaissance driven by an AI-driven super-cycle. Ives maintains an Outperform rating and a $250 price target for AAPL, which saw a 6.51% premarket increase to $184.29.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 1:01 pm

ADTX

Aditxt, Inc. (NASDAQ:ADTX) announced a $4.2M private placement priced at-the-market under Nasdaq rules, involving the sale of Series C-1 and D-1 Preferred Stock, and warrants to purchase common stock. The placement, facilitated by Dawson James Securities, aims to fund obligations under a merger agreement with Evofem Biosciences, Inc. and for general corporate purposes. The offering is expected to close by May 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:01 pm

VIAV

Analyst evaluations of Viavi Solutions (NASDAQ:VIAV) over the last three months show diverse outlooks, with a recent shift towards more bullish ratings. The average 12-month price target for VIAV has increased to $13.25 from $12.12, indicating a positive sentiment shift. Despite facing a revenue decline of -10.54% in the last quarter, Viavi Solutions maintains a strong net margin of 4.2% and a healthy debt-to-equity ratio, suggesting effective cost management and financial stability.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:01 pm

EXPE

Expedia Group, Inc. (NASDAQ:EXPE) shares fell after reporting Q1 results, beating earnings and revenue estimates but lowering full-year guidance due to slower Vrbo recovery. Analysts downgraded the stock and lowered price targets.

Portfolio Pulse from Erica Kollmann

May 03, 2024 | 1:00 pm

PCTY

Paylocity Holding (NASDAQ:PCTY) has been analyzed by 7 analysts in the last three months, showing a mix of bullish to indifferent sentiments. The recent ratings indicate a shift towards a more cautious outlook, with one somewhat bullish rating in the last 30 days compared to three bullish and two somewhat bullish ratings three months ago. The average 12-month price target for PCTY has decreased to $192.14 from $206.80, reflecting a 7.09% drop. Analysts from firms like Piper Sandler, Truist Securities, and Keybanc have adjusted their price targets and ratings, indicating a nuanced view of Paylocity's market position. Despite the mixed analyst outlook, Paylocity has shown strong financial performance with a 19.54% revenue growth rate, an impressive net margin of 11.68%, and efficient asset management as indicated by its ROA of 0.94%.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:00 pm

CNDT

Conduent announced the sale of its Casualty Claims Solutions business to MedRisk for $240 million in cash, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:59 pm

FCOM

GOOG

GOOGL

VOX

Alphabet Inc (GOOG, GOOGL) is contesting Epic Games' proposed changes to the Play Store's operations amid an antitrust dispute. Epic's suggestions aim to open up app downloads and in-app transaction flexibility, which Google argues could harm consumer privacy and security. A jury previously sided with Epic, finding Google's practices anti-competitive. Google also highlights a recent settlement offering alternative billing options, questioning the need for Epic's injunction. The case's next hearing is scheduled for May 23. Meanwhile, Alphabet's growth is supported by its advancements in AI, cloud, and advertising, with analysts recommending Alphabet stocks trade at a premium.

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 12:59 pm

XPO

XPO, Inc. (NYSE:XPO) shares surged in premarket trading after reporting a strong first-quarter FY24 performance, with a 5.8% Y/Y revenue growth to $2.02 billion, surpassing the consensus of $2.01 billion. The company's operating income and adjusted EPS significantly increased, with notable improvements in the North American LTL segment and European Transportation. XPO also reported a robust cash flow and has a positive outlook on its LTL 2.0 plan.

Portfolio Pulse from Lekha Gupta

May 03, 2024 | 12:58 pm