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AUUD

Auddia shares are experiencing an increase in trading value following the company's announcement of the launch of faidr 3.1.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:11 pm

FN

Fabrinet (NYSE:FN) reported strong Q4 earnings, surpassing expectations with $2.41 EPS and $753.261 million in sales. The company provided optimistic guidance for Q1, leading analysts to raise their price targets. Fabrinet's stock rose slightly following the announcement.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:08 pm

DPRO

Draganfly Inc. has announced a securities purchase agreement with a single institutional investor for 16.6 million units at $0.12 each, raising approximately $2 million. The units include common shares and warrants, with Maxim Group LLC as the sole placement agent.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:08 pm

SPY

TSLA

Tesla shares are underperforming due to high interest rates, expensive cars, and management issues. Portfolio manager Bill Davis highlights Tesla's absence in the low-end market, price discounting affecting margins, and CEO Elon Musk's management style as key concerns. The upcoming robotaxi launch could impact Tesla's future performance.

Portfolio Pulse from Shanthi Rexaline

August 20, 2024 | 12:07 pm

LZB

La-Z-Boy Incorporated (NYSE:LZB) is set to release its Q1 earnings, with expectations of a slight decrease in EPS compared to last year. The company offers a dividend yield of 1.86%, translating to a quarterly dividend of 20 cents per share. Investors would need to own 7,500 shares to earn $500 monthly from dividends. The stock recently closed at $42.91, up 2.3%.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:06 pm

NNOX

Nano X Imaging reported a Q2 2024 GAAP EPS of $(0.23), missing the estimate of $(0.22). Sales were $2.699 million, falling short of the $3.931 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:03 pm

EL

Estee Lauder reported strong Q4 results but issued a disappointing FY25 EPS outlook, leading to a drop in stock price and revised price targets from analysts.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:02 pm

AVDL

Avadel Pharmaceuticals announced the publication of a study in Clinical Therapeutics showing that their drug LUMRYZ led to greater weight loss in narcolepsy patients compared to a placebo. This data comes from a post-hoc analysis of the Phase 3 REST-ON clinical trial.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 12:02 pm

AVDX

AvidXchange Holdings (NASDAQ:AVDX) has seen a range of analyst ratings over the past three months, with most analysts lowering their price targets. The average price target has decreased from $13.80 to $10.9, reflecting a 21.01% decline. Despite a 15.33% revenue growth, AvidXchange faces challenges with low net margins, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:01 pm

SAH

Analysts have mixed ratings for Sonic Automotive (NYSE:SAH), with recent evaluations showing a slight bullish trend. The average 12-month price target has increased by 3.57% to $65.25. Sonic Automotive's financial performance shows strong net margin, ROE, and ROA, but a recent revenue decline of 5.47%.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 12:01 pm