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HAS

TGT

WMT

Hasbro Inc (NASDAQ:HAS) received an upgrade from JPMorgan, with analyst Christopher Horvers raising the price target from $61 to $74. The upgrade is based on Hasbro's superior cost efficiency, strategic product shifts, and innovations in digital gaming. The company expects its $750 million cost-saving program to fully materialize by the end of 2025, boosting profitability. Retail giants like Walmart Inc (NYSE:WMT) and Target Corp (NYSE:TGT) are also expected to drive toy sales, benefiting Hasbro.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 12:44 pm

BJ

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) reported Q1 FY24 earnings that beat analyst estimates, with revenue growth of 4.1% year-on-year to $4.918 billion. Despite a drop in operating income and adjusted EBITDA, the company saw increases in membership fee income and digitally enabled sales. BJ's reaffirmed its FY24 outlook and expects improvements in merchandise gross margins.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 12:44 pm

CYTK

NVDA

ONMD

Market-Moving News for May 23rd: NVIDIA (NVDA) shares rise 7.77% after strong Q1 2025 results, positive Q2 2025 guidance, a 10-for-1 stock split, and increased dividends. Cytokinetics (CYTK) shares fall 16% following a $500 million public stock offering. OneMedNet (ONMD) shares surge 158% due to significant expansion of its iRWD network and platform.

Portfolio Pulse from ryanfaloona@benzinga.com

May 23, 2024 | 12:40 pm

BRLS

Borealis Foods' CEO Reza Soltanzadeh issued a letter to shareholders highlighting the company's progress and future plans. Key points include improved gross margins through product mix refinement, investments in R&D and marketing, significant sales ramp expected from school systems, and additional institutional sales opportunities. The company is also involved in the Feeding America® 'Fight Hunger. Spark Change.' program. Borealis aims to resolve its going concern issue by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:37 pm

INBS

Intelligent Bio Solutions has released key performance indicators from its UK operations, showcasing growth in the drug screening industry. The company is focusing on non-invasive, cost-effective solutions to combat test cheating.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:33 pm

SPY

The USA's continuing jobless claims have increased slightly to 1.794 million from the previous 1.786 million.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:30 pm

SPY

The US initial jobless claims came in at 215,000, which is lower than the estimated 220,000. This indicates a stronger labor market than expected.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:30 pm

SPY

U.S. housing permits for April remained steady at a 1.440 million unit rate, unchanged from the previous month.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:25 pm

FURY

Fury Gold Mines Limited (NYSE:FURY) has announced a CAD$5 million financing agreement with Haywood Securities Inc. and a syndicate of agents. The agents will sell up to 5.32 million common shares as 'flow-through shares' at CAD$0.94 per share.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:18 pm

RFAC

GCL Asia and Wan Xin Culture Technology Company have signed an MoU to invest over $100 million in the Southeast Asian gaming market. The collaboration will focus on IP creation, game development, publishing, and studio acquisitions, aiming to boost efficiency and combat online game piracy.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:15 pm