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BIG

CONN

Big Lots Inc (NYSE:BIG) is seeking a new loan backed by assets like company leases after facing years of declining same-store sales and a 10.2% drop in net sales for the quarter ending May 4. The company is returning to extreme bargains and closeout sales to combat challenges. Conn’s Inc. (NASDAQ:CONN) recently filed for bankruptcy, highlighting broader retail sector difficulties.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 1:43 pm

DECK

Deckers Outdoor Corporation (NYSE:DECK) shares are trading higher due to better-than-expected Q1 results. The company reported revenues of $825 million, surpassing estimates of $807.94 million. Analysts from Telsey Advisory Group and Baird maintain Outperform ratings with price targets of $1,100 and $1,075, respectively. DECK's gross margin improved to 56.9%, and operating income nearly doubled to $132.8 million. The company also raised its full-year 2025 earnings guidance and repurchased 177,000 shares.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 1:37 pm

NVDA

SK Hynix, a key supplier to Nvidia, announced a $6.8 billion investment in a new semiconductor manufacturing plant in South Korea. This move is part of a larger $120 trillion won investment plan to build four fabs in the Yongin Semiconductor Cluster. The investment aims to bolster SK Hynix's production capabilities, driven by high demand for AI chips.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 1:30 pm

ARKK

GDX

IWM

JETS

SOXX

TAN

TLT

VNQ

XLC

XLK

The latest PCE report showed mixed results: the headline index fell to 2.5%, the lowest since February 2021, while the core component remained steady at 2.6%. Personal income and spending rose less than expected. Despite this, U.S. equity futures maintained gains, and several ETFs showed notable pre-market increases.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 1:29 pm

APIE

AVIV

Toyota plans to build a new battery plant in Fukuoka to enhance its EV production, aiming to make Kyushu a key hub for its battery-powered vehicle supply chain. The plant will supply batteries for Lexus cars, with operations managed by Primearth EV Energy. Toyota's stock has gained over 17% in the past year.

Portfolio Pulse from Shivani Kumaresan

July 26, 2024 | 1:22 pm

WINT

Windtree Therapeutics, Inc. (NASDAQ:WINT) shares surged 166% after the company withdrew its Registration Statement and announced a private placement of Series C preferred stock, eliminating senior debt and supporting ongoing operations.

Portfolio Pulse from Erica Kollmann

July 26, 2024 | 1:20 pm

BHRB

Burke & Herbert Financial (NASDAQ:BHRB) reported a significant decrease in Q2 EPS to $(1.41) from $0.80 YoY, despite a substantial increase in sales to $69.27M from $28.42M YoY.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:20 pm

CURLF

Curaleaf Holdings, Inc. announced the opening of two new medical dispensaries and the start of co-located adult-use sales at two existing medical dispensaries in New York. This expansion increases Curaleaf's retail footprint in the state to six locations. The company's shares traded 2.93% lower at $3.97 per share at market close on Thursday.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 1:10 pm

HSCS

Heart Test Laboratories, Inc. (HeartSciences) announced an analysis by the Innovation Value Institute on the MyoVista wavECG's potential to improve cardiovascular pathway efficiency. The study suggests that the MyoVista wavECG could significantly reduce the number of LV function test queries, potentially eliminating 49.5% from the waitlist.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:08 pm

CCAP

Crescent Capital BDC (NASDAQ:CCAP) has received mixed analyst ratings over the past quarter, with two analysts being somewhat bullish and two indifferent. The average 12-month price target has increased to $18.75 from $17.75. Analysts from Wells Fargo, Keefe, Bruyette & Woods, and Raymond James have raised their price targets, reflecting positive sentiment. Despite high debt levels, Crescent Capital BDC shows strong revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 1:01 pm