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Stock Prices

ULTA

Ulta Beauty (NASDAQ:ULTA) has outperformed the market over the past decade with an average annual return of 14.34%, turning a $100 investment into $381.09. This highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

CAVA

CMG

Cava Group's stock has reached all-time highs following strong Q2 earnings, with Wedbush analyst Nick Setyan raising the price target to $120. The company reported significant same-store sales growth and increased unit growth guidance, indicating a positive outlook. Cava's stock has surged 187.23% year-to-date, and it is often compared to Chipotle Mexican Grill.

Portfolio Pulse from Chris Katje

August 23, 2024 | 2:00 pm

NEXN

Nexxen International (NASDAQ:NEXN) has received mixed analyst ratings, with recent upgrades in price targets. The average 12-month price target increased by 12.32% to $9.12. Despite positive analyst sentiment, the company faces financial challenges, including a 22.4% revenue decline and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

Genpact's short interest has decreased by 8.38%, with 4.49 million shares sold short, representing 3.28% of its float. This is lower than the peer average of 4.76%. The decrease in short interest may indicate a more bullish sentiment towards Genpact.

Portfolio Pulse from Benzinga Insights

August 23, 2024 | 2:00 pm

HITI

MRMD

PLNH

The article highlights the expansion of cannabis dispensaries across the US and Canada, including new openings by NOXX Cannabis in Michigan, The Cure Company in Los Angeles, and Khalifa Kush in Las Vegas. Planet 13 Holdings partners with Wiz Khalifa for a new store, and MariMed and High Tide Inc. also announce new locations.

Portfolio Pulse from Jelena Martinovic

August 23, 2024 | 1:59 pm

FAMI

PRTG

ROST

SQNS

UBXG

U.S. stocks rose with the Dow Jones up 200 points. Ross Stores reported strong earnings, boosting its stock. Sequans Communications and Portage Biotech saw significant stock price increases, while U-BX Technology and Farmmi experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 1:57 pm

The article discusses a value investing options trade on Zoom Video Communications, Inc. (NASDAQ:ZM). The trade involved a vertical spread with a net debit of $1.60, aiming for a $4 exit. Despite an earnings beat, the stock closed below $63, prompting a revised exit at $3.40, resulting in a 113% gain. The author plans to apply a similar strategy to another stock with strong fundamentals.

Portfolio Pulse from David Pinsen

August 23, 2024 | 1:56 pm

FXY

The yen-dollar exchange rate experienced volatility following hawkish remarks from BoJ Governor Kazuo Ueda, who indicated potential rate hikes if inflation aligns with targets. The yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY), gained 0.8% before slightly paring back. The BoJ's stance contrasts with the Fed's expected rate cuts, impacting the yen-dollar carry trade.

Portfolio Pulse from Piero Cingari

August 23, 2024 | 1:52 pm

CHPT

EVGO

LAC

PLL

The EV market is experiencing a slowdown, impacting battery and charging stocks like ChargePoint, EVgo, Piedmont Lithium, and Lithium Americas. Investors are scrutinizing these stocks as automakers shift focus to hybrid vehicles. Regulatory changes and capacity plans are key future catalysts.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 1:44 pm

UBXG

U-BX Technology shares have resumed trading, which may impact investor sentiment and stock price movements.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 1:41 pm