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COO

The Cooper Companies has updated its fiscal year 2023 financial guidance. The company expects total revenue of $3.578-$3.595 billion, with organic growth of 9% to 10%. The non-GAAP diluted earnings per share are expected to be $12.72-$12.90. The revenue and EPS estimates are higher than the previous estimates of $3.55 billion and $12.82 respectively.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:25 pm

TITN

Titan Machinery has updated its FY24 outlook modeling assumptions for the O'Connors transaction. The company has increased its EPS outlook from $4.50-$5.10 to $4.60-$5.25, with an estimate of $4.90.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 8:22 pm

SPIR

Spire Global, Inc. (NYSE:SPIR) has announced a 1-for-8 reverse stock split of its Class A and Class B common stock, effective on August 31, 2023. The reverse stock split will reduce the number of outstanding shares and is intended to increase the per share closing price to meet the minimum average closing price requirement for listing on the New York Stock Exchange.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:12 pm

CRWD

CrowdStrike Holdings has increased its guidance for FY24, expecting EPS of $2.80-$2.84, up from the estimated $2.39, and revenue of $3.03B-$3.04B, slightly above the estimated $3.02B. The company's Q3 FY24 guidance includes total revenue of $775.4M-$778.0M and non-GAAP net income of $179.8M-$181.8M.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:08 pm

WMT

Unusual options activity has been observed for Walmart (NYSE:WMT), with a bearish stance taken by a large investor. The options scanner at Benzinga spotted 11 uncommon trades, with a split sentiment of 45% bullish and 54% bearish. The whales have been targeting a price range from $140.0 to $165.0 for Walmart over the last 3 months. Major financial institutions have maintained their positive ratings on Walmart, with price targets ranging from $170 to $190.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:47 pm

AVGO

A significant number of investors have taken a bearish stance on Broadcom (NASDAQ:AVGO), with 60% of detected trades showing bearish expectations. Whales have been targeting a price range from $550.0 to $1110.0 for Broadcom over the last 3 months. The price of AVGO is up 0.64% at $895.59. Piper Sandler and Susquehanna have maintained their Overweight and Positive ratings on Broadcom, respectively, while Rosenblatt downgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:47 pm

DPZ

PEP

Cathie Wood, founder of Ark Invest, warns of looming deflation in an interview with Benzinga. She expects interest rates to fall and highlights that many companies are showing little to no nominal growth. She uses Domino's Pizza, PepsiCo, and Coca-Cola as examples of companies experiencing negative unit growth due to price increases. Wood also mentions rising consumer delinquencies and the potential impact on the economy.

Portfolio Pulse from AJ Fabino

August 30, 2023 | 7:31 pm

NAOV

NanoVibronix has announced a private placement of 2,906,977 shares at $1.72 per share, raising $5 million in capital.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 6:30 pm

ARKK

ARKQ

ARKW

TSLA

Cathie Wood, CEO of Ark Invest, believes that Tesla should be valued as a high-growth tech stock rather than an automotive stock due to its operations in fields like solar, energy storage, AI, autonomous driving, and robotics. Wood compared Tesla's decision to design its own chip for autonomous driving to Apple's move to create its own chip, which transformed the cell phone market. Tesla remains a top-five holding in Ark Innovation ETF, Ark Next Generation Internet ETF, and Ark Autonomous Technology & Robotics ETF.

Portfolio Pulse from Chris Katje

August 30, 2023 | 6:00 pm

BBY

BOWL

CVNA

DASH

FIVE

PVH

TSLA

VRA

Benzinga's options activity scanner has identified significant trading activity in the options of 10 consumer discretionary stocks. The stocks include Tesla (TSLA), General Motors (GM), Carvana (CVNA), Vera Bradley (VRA), Five Below (FIVE), Best Buy (BBY), PVH Corp (PVH), Bowl America (BOWL), DoorDash (DASH), and Home Depot (HD). The options activity ranged from bullish to bearish, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:35 pm