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FDX

Stephens & Co. analyst Jack Atkins has maintained an Overweight rating on FedEx (NYSE:FDX) but has reduced the price target from $330 to $320.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:09 pm

SCLX

Scilex Holding Company reported that ZTlido, its non-opioid pain treatment, is now the most prescribed by pain specialists, with a market share increase from 11.8% to 14.2% year-over-year in October. Year-to-date gross sales for ZTlido through November 2023 are estimated between $125.0 million to $135.0 million, a significant increase from $84.6 million in the same period of 2022. The projected full year gross sales for 2023 are expected to be between $140.0 million to $150.0 million, marking an estimated growth of 46% to 56% compared to $96.0 million in 2022.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:08 pm

LAB

SLGC

Skye Fund III has publicly opposed SomaLogic's proposed merger with Standard BioTools, intending to vote against it. Skye Fund III argues that the merger undervalues SomaLogic, overlooks its innovative products, cash reserves, and financial health. They believe SomaLogic can succeed independently and raised concerns about potential conflicts of interest in the merger.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:05 pm

NUE

Nucor Inc. (NYSE:NUE) stock price is currently at $176.46, experiencing a 0.79% decrease. Despite this, the stock has risen by 12.11% over the past month and 28.89% over the past year. The P/E ratio of Nucor is 9.0, which is lower than the Metals & Mining industry average of 15.81. This could indicate that Nucor is undervalued or that shareholders expect lower future growth.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:02 pm

MVLA

Movella Holdings has announced the resignation of Ben Lee as President and CEO. Eric Salzman has been appointed as the Interim CEO, effective January 1, 2024. Ben Lee will serve as a consultant for three months to aid in the transition.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 2:02 pm

CETX

Cemtrex (NASDAQ:CETX) is scheduled to release its quarterly earnings report on Thursday, 2023-12-21, with analysts expecting an EPS of $-3.59. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Cemtrex's stock price has been sensitive to earnings performance, with significant price changes following past earnings reports. The stock has risen 72.7% over the last 52 weeks and was trading at $5.6516 as of December 18.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:01 pm

LMNR

Limoneira (NASDAQ:LMNR) is scheduled to release its quarterly earnings report on Thursday, 2023-12-21, with analysts expecting an EPS of $-0.15. Investors are looking for an earnings beat and positive guidance for the next quarter. Limoneira's stock performance has been positive over the last 52 weeks, with shares up 42.61%, trading at $19.01 as of December 18. Past earnings have shown mixed results with both misses and beats, affecting the stock price variably.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:01 pm

AVO

Mission Produce (NASDAQ:AVO) is expected to release its quarterly earnings report on Thursday, 2023-12-21, with analysts estimating an EPS of $0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, AVO's stock price has been sensitive to earnings performance and guidance. Last quarter, AVO missed EPS estimates by $0.07, leading to a 0.9% drop in stock price. Over the past year, AVO shares have declined by 36.14%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:01 pm

APOG

Apogee Enterprises (NASDAQ:APOG) is scheduled to release its quarterly earnings report on Thursday, 2023-12-21. Analysts predict an EPS of $1.10. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Apogee's stock price has shown varied reactions to earnings reports, with a 1.94% drop after beating EPS last quarter. Over the past year, APOG shares have increased by 20.26%, indicating a generally positive trend for long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:01 pm

AIR

AAR Corp (NYSE:AIR) is scheduled to release its quarterly earnings report on December 21, 2023. Analysts predict an EPS of $0.81. Investors are looking for an earnings beat and positive guidance for future growth. Historically, AAR's stock price has been sensitive to earnings performance and guidance. Last quarter, AAR beat the EPS estimate by $0.05, leading to a 2.47% stock price increase the following day. Over the past year, AAR shares have risen by 71.89%, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 2:01 pm