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ENPH

Enphase Energy (NASDAQ:ENPH) has been analyzed by 24 analysts over the past three months, revealing a range of perspectives from bullish to bearish. The average 12-month price target is $126.37, with a high of $150.00 and a low of $45.82. Recent analyst actions include both rating upgrades and downgrades, with a notable decline in the average price target from $135.68. Enphase Energy faces financial challenges, including a significant revenue decline, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

AZO

AutoZone (NYSE:AZO) has significantly outperformed the market over the past 20 years, delivering an average annual return of 18.72%. A $1000 investment in AZO 20 years ago would be worth $31,020.76 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

SHAK

In the past three months, 19 analysts have provided ratings for Shake Shack (NYSE:SHAK), ranging from bullish to bearish. The average 12-month price target is now $117.05, up from $102.71. Analysts have recently raised their price targets, reflecting positive sentiment. Shake Shack has shown strong revenue growth but faces challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 5:00 pm

TTWO

Take-Two Interactive's CEO Strauss Zelnick hinted at a potential PC release for Grand Theft Auto 6 (GTA 6), though not immediately. The game is currently slated for a fall 2025 release on consoles, with a possible PC release following in 2026. This aligns with Rockstar's historical pattern of releasing PC versions after console debuts.

Portfolio Pulse from Franca Quarneti

May 31, 2024 | 4:54 pm

FMCX

LOW

RTH

Lowe's Companies, Inc. (NYSE:LOW) shares are trading slightly higher after the company announced a 5% increase in its quarterly dividend to $1.15 per share. The dividend is payable on August 7 to shareholders of record as of July 24. This follows better-than-expected first-quarter FY24 earnings and a sales decline of 4.4% year-on-year to $21.364 billion. Lowe's also repurchased 3.0 million shares for $743 million and paid $633 million in dividends in the quarter. The company expects FY24 revenue of $84 billion-$85 billion and EPS of $12.00-$12.30. Investors can gain exposure to Lowe's via Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF (NYSE:FMCX) and VanEck Retail ETF (NASDAQ:RTH).

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2024 | 4:52 pm

CMCSA

DIS

Disney and Comcast are tens of billions apart in their valuations of Hulu, leading to an impasse in final negotiations. RBC Capital has been selected as the independent appraiser to resolve the valuation dispute.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:42 pm

QQQ

RSP

SPY

Bank of America Chief Investment Strategist Michael Hartnett has turned bullish on bonds for the second half of the year, predicting a stock market sell-off as investors anticipate the first Fed interest rate cut. Hartnett advises buying dips in bond prices and selling stocks at the first rate cut. He highlights the poor performance of the Equal Weight S&P 500 Index relative to the cap-weighted S&P 500 Index, indicating a market dominated by a few tech giants. The Nasdaq 100 index fell 1.4% following a benign April PCE report.

Portfolio Pulse from Piero Cingari

May 31, 2024 | 4:41 pm

ULTA

Ulta Beauty Inc (NASDAQ:ULTA) reported better-than-expected Q1 results, leading to a rise in its stock price. Despite the earnings beat, the company lowered its full-year guidance for same-store sales. Analysts provided mixed ratings, with some maintaining neutral or hold ratings and others reaffirming outperform or overweight ratings. The company's competitive pressures and market dynamics were highlighted as key factors influencing future performance.

Portfolio Pulse from Priya Nigam

May 31, 2024 | 4:35 pm

GPS

GSUN

JFBR

LITB

LOT

MGOL

PENN

PIK

RENT

TRNR

VEEE

YTRA

The article highlights the intraday movements of various consumer discretionary stocks on Friday. Notable gainers include Kidpik (PIK), Gap (GPS), Jeffs Brands (JFBR), Golden Sun Health (GSUN), PENN Entertainment (PENN), and LightInTheBox Holding (LITB). On the losing side, Lotus Technology (LOT), Twin Vee PowerCats (VEEE), Yatra Online (YTRA), Interactive Strength (TRNR), Rent the Runway (RENT), and MGO Global (MGOL) saw significant declines.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:31 pm

ANEB

ANVS

CCM

CLDI

GNPX

HSCS

HUMA

NVOS

PLSE

PPBT

SMMT

VCNX

The article highlights significant intraday movements in health care stocks on Friday. Notable gainers include Novo Integrated Sciences (NVOS), Anebulo Pharmaceuticals (ANEB), Annovis Bio (ANVS), Vaccinex (VCNX), Genprex (GNPX), and Purple Biotech (PPBT). Significant losers include Calidi Biotherapeutics (CLDI), Summit Therapeutics (SMMT), Heart Test Laboratories (HSCS), Humacyte (HUMA), Concord Medical Services (CCM), and Pulse Biosciences (PLSE).

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 4:31 pm