Market-Moving News for August 10th
Portfolio Pulse from ryanfaloona@benzinga.com
Edible Garden AG (EDBL) and AppLovin (APP) both beat their Q2 EPS and sales estimates, with EDBL's EPS at $(0.24) against an estimate of $(0.90) and sales at $4.22M against $3.66M, and APP's EPS at $0.22 against $0.07 and sales at $750.16M against $724.27M. Barclays maintains an overweight rating on Li Auto (LI) and raises its price target to $48.
August 10, 2023 | 12:36 pm
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POSITIVE IMPACT
AppLovin beat Q2 EPS and sales estimates, which could lead to a positive market reaction.
Beating earnings and sales estimates is generally seen as a positive sign by the market, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Edible Garden AG beat Q2 EPS and sales estimates, which could lead to a positive market reaction.
Beating earnings and sales estimates is generally seen as a positive sign by the market, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Barclays maintains an overweight rating on Li Auto and raises its price target, which could lead to a positive market reaction.
An overweight rating and a raised price target from a major bank like Barclays is generally seen as a positive sign by the market, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100