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AAL

DAL

UAL

American Airlines CEO Robert Isom admitted that a recent strategy to cut sales staff and remove some fares from corporate booking channels backfired, leading to a loss of valuable corporate clients and a significant drop in revenue. The company is now reversing these changes and has enlisted Bain & Co. to reassess its approach. Shares of American Airlines fell 13.5% following the announcement, while Delta and United Airlines reported a 14% increase in corporate travel revenue.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 2:02 pm

THC

Analysts have provided a range of evaluations for Tenet Healthcare (NYSE:THC) over the past three months, with a notable increase in price targets. The average 12-month price target is now $125.86, up 13.61% from the previous $110.78. Recent ratings have been predominantly positive, with several analysts raising their price targets and ratings.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:01 pm

CNC

In the last three months, 11 analysts have published ratings on Centene (NYSE:CNC), with the majority being somewhat bullish. The average 12-month price target is $92.36, slightly down from the previous $93.62. Analysts have varied in their actions, with some raising and others lowering their price targets. Centene has shown solid revenue growth and strong profitability metrics but faces challenges with its high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:00 pm

CB

Chubb (NYSE:CB) has outperformed the market over the past 15 years with an average annual return of 13.14%, resulting in a $100 investment growing to $631.64. The company currently has a market capitalization of $106.57 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:00 pm

GME

GameStop (NYSE:GME) has outperformed the market over the past 20 years with an average annual return of 12.27%, surpassing the market by 4.38% annually. A $100 investment in GME 20 years ago would be worth $1,011.66 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:00 pm

SPY

The USA Pending Home Sales Index for April dropped to 72.3 from 78.2 in the previous month, indicating a slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:00 pm

SPY

USA Pending Home Sales for April decreased by 7.7% compared to an estimated decrease of 1.1% and a prior increase of 3.6%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:00 pm

SMFL

Smart for Life, Inc. (NASDAQ: SMFL) shares are trading higher following the successful completion of its restructuring program, which included recapitalization, asset sales, and debt conversions. These initiatives have significantly improved the company's financial position, enhancing net shareholders' equity and reducing ongoing interest expenses.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 1:58 pm

LUCY

Innovative Eyewear Inc (NASDAQ:LUCY) shares have been highly volatile, surging over 100% on Wednesday following the launch of its Eddie Bauer Smart Eyewear collection, which features voice access to OpenAI’s ChatGPT. The company also closed a direct offering of 5.26 million shares at $0.475 per share, raising approximately $2.5 million for working capital and general corporate purposes. Despite a premarket dip, the stock rebounded and was up 17% at $1.11.

Portfolio Pulse from Adam Eckert

May 30, 2024 | 1:57 pm

LUCY

Innovative Eyewear shares are trading higher following the launch of its Eddie Bauer Smart Eyewear collection.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:56 pm