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FCEL

FuelCell Energy, Inc. (NASDAQ:FCEL) shares are declining after announcing a special stockholder meeting to vote on a reverse stock split. The meeting is set for Oct. 31, 2024. FCEL shares are down over 70% year-to-date, with a significant short interest. Analysts have a neutral rating with a 12-month price target of $0.50.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 6:10 pm

M

Macy's Inc (NYSE:M) is set to release its Q2 earnings report, with expected EPS of 29 cents and revenue of $5.118 billion. The company recently ended talks with Arkhouse Management and Brigade Capital, focusing instead on its 'A Bold New Chapter' strategy. Macy's has shown a 9.58% average annual revenue growth over the past 5 years and has a forward P/E ratio of 6.34, significantly lower than its peers.

Portfolio Pulse from Henry Khederian

August 20, 2024 | 6:07 pm

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NVO

A study published in JAMA Network Open suggests a potential link between Novo Nordisk's GLP-1 drugs, Ozempic and Wegovy, and increased suicidal thoughts. The study found a higher incidence of suicidal ideation with semaglutide compared to other medications, though the overall rate was small. The study did not find an increased rate of severe behaviors like suicide attempts. The findings suggest a possible interaction with psychiatric conditions, warranting further investigation. Novo Nordisk's stock saw a slight decline following the news.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 6:06 pm

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PFIX

QAI

UPAR

VAMO

Hedge funds are shifting from the yen to the U.S. dollar for carry trades due to recent interest rate changes by the Bank of Japan and expectations of U.S. rate cuts. This has impacted ETFs tracking hedge fund strategies, with mixed performance observed.

Portfolio Pulse from Michael Juliano

August 20, 2024 | 6:04 pm

SPY

Federal Reserve's Bowman emphasizes the need to consider all data in balancing employment and price-stability risks. She notes potential upside inflation risks and suggests that strong hiring and rising unemployment may be misleading. Bowman stresses the importance of price stability and caution in policy changes.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:02 pm

SPY

Federal Reserve's Bowman notes progress in inflation reduction, but it remains above the 2% target. The labor market is loosening with low unemployment, and wage gains are surpassing the inflation target. A gradual rate reduction is possible if inflation trends sustainably towards the target, with an emphasis on patience to avoid overreacting.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:02 pm

EFX

Equifax (NYSE:EFX) has received mixed analyst ratings, with a majority being somewhat bullish. Analysts have set a 12-month average price target of $300.36, reflecting an 11.89% increase from the previous target. The company's financial performance shows strong revenue growth and net margin, but challenges in ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:01 pm

PAYX

Paychex (NASDAQ:PAYX) received mixed analyst ratings over the past three months, with a majority being indifferent or somewhat bearish. Analysts have set a 12-month average price target of $122.5, slightly up from the previous $122.00. The company's financial performance is strong, with high net margins, ROE, and ROA, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:01 pm

AFRM

Analysts have provided mixed ratings for Affirm Holdings (NASDAQ:AFRM) over the past three months, with a majority being bullish. The average 12-month price target is $46.2, slightly down from previous estimates. Affirm has shown strong revenue growth but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:01 pm

WBA

Significant options trading activity has been detected for Walgreens Boots Alliance (WBA), with a total of $612,543 in trades. The trading suggests a price target range of $2.5 to $15.0. Currently, WBA is trading at $10.71, down 1.34%. Analysts have a target price of $7.0, with Barclays maintaining an Underweight rating.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 6:01 pm