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AIRE

CAMP

CMTL

LIDR

The article highlights four oversold tech stocks with potential for growth in Q4, based on their low Relative Strength Index (RSI) values. Comtech Telecommunications Corp. (CMTL) reported mixed Q1 results with a significant stock price drop and an RSI of 26.21. reAlpha Tech Corp. (AIRE) signed an intent to acquire United Software Group, with a 68% stock price drop and an RSI of 3.25. CalAmp Corp. (CAMP) reported a Q2 revenue miss, a 45% stock price drop, and an RSI of 24.31. AEye, Inc. (LIDR) was informed by Continental of discontinuing their joint lidar development program, leading to a 41% stock price drop in five days and an RSI of 13.38.

Portfolio Pulse from Avi Kapoor

December 20, 2023 | 12:28 pm

F

GM

STLA

TM

VWAGY

Major automakers, including General Motors (GM), Toyota (TM), Volkswagen (VWAGY), Ford (F), Mercedes-Benz (MBGYY), BMW (BMWYY), Hyundai (HYMTF), and Kia, along with air bag manufacturers, are opposing the NHTSA's recommendation to recall 52 million air bag inflators over rupture concerns. The recall, if enforced, would be the second-largest in U.S. automotive history. Automakers argue the risks are minimal, with ARC estimating less than one rupture in the next 33 years. GM and Stellantis (STLA) have called NHTSA's actions arbitrary and contrary to law. GM shares dropped slightly in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 20, 2023 | 12:23 pm

ENS

Oppenheimer analyst Noah Kaye has maintained an Outperform rating on EnerSys (NYSE:ENS) and increased the price target from $110 to $116, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:22 pm

BCYC

JMP Securities analyst Reni Benjamin has maintained a Market Outperform rating on Bicycle Therapeutics (NASDAQ:BCYC) but has reduced the price target from $44 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:06 pm

GIS

General Mills has updated its fiscal year 2024 topline outlook, now expecting organic net sales to be between a 1% decline and flat, compared to the previously forecasted 3-4% growth. This revision is due to a slower volume recovery than anticipated.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:04 pm

GIS

General Mills reported a slower-than-expected volume recovery in Q2, attributing the sluggish performance to a challenging consumer landscape. The company is likely facing headwinds from consumer spending shifts and competitive pressures.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:02 pm

WGO

Winnebago Industries (NYSE:WGO) reported Q1 adjusted EPS of $1.06, missing the consensus estimate of $1.20 by 11.67%. Year-over-year, this represents a 48.79% decrease from $2.07 per share. However, sales of $763.00M exceeded estimates of $731.15M by 4.36%, despite being a 19.87% decrease from the previous year's $952.20M.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:02 pm

GIS

General Mills (NYSE:GIS) reported Q2 adjusted earnings per share (EPS) of $1.25, surpassing the analyst consensus estimate of $1.16 by 7.76%. This represents a 13.64% increase from the $1.10 EPS reported in the same quarter last year. However, the company's quarterly sales of $5.14 billion fell short of the consensus estimate of $5.35 billion by 3.94%, marking a 1.57% decline from the previous year's sales of $5.22 billion.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 12:01 pm

TFX

Teleflex (NYSE:TFX), a medical device manufacturer, has been the subject of varying analyst opinions over the past three months. Seven analysts have provided ratings, with five being somewhat bullish and two indifferent. The average 12-month price target for TFX has increased by 10.17% to $260.00, with a high estimate of $315.00 and a low of $221.00. Analysts have adjusted their ratings and price targets, reflecting their response to Teleflex's recent developments. The company has shown positive revenue growth but trails the industry average, has a high net margin, and a lower than average ROE and debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 12:00 pm

ASXC

Asensus Surgical has sold a Senhance Surgical System to Louis Turcanu Clinical Emergency Hospital for Children in Timisoara, Romania. This sale represents an expansion of Asensus Surgical's market presence and the adoption of their advanced robotic system in pediatric surgery.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 11:57 am