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SVV

Savers Value Village shares are trading lower following the announcement of disappointing Q1 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:14 pm

IYG

PCGG

V

Visa Inc. (NYSE:V) shares rose today following the announcement of a collaboration with MoneyHash to enhance digital payment experiences across the MENA region. The partnership leverages Visa's global capabilities and security to offer reliable payment networks. Visa's recent financial performance showed a second-quarter 2024 adjusted EPS of $2.51, attributed to an 8% growth in payment volume. Investors can also gain exposure to Visa through Litman Gregory Funds Trust Polen Capital Global Growth ETF (NYSE:PCGG) and iShares U.S. Financial Services ETF (NYSE:IYG).

Portfolio Pulse from Lekha Gupta

May 10, 2024 | 2:14 pm

RDW

Roth MKM analyst Suji Desilva maintains a Buy rating on Redwire (RDW) and doubles the price target from $5 to $10.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:13 pm

BRCC

Roth MKM analyst George Kelly has reiterated a Buy rating on BRC Inc. (NYSE:BRCC) and increased the price target from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:12 pm

SPY

Fed's Neel Kashkari expressed skepticism about the current hype surrounding artificial intelligence, suggesting it may be worthwhile to temper expectations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:11 pm

TGT

VDC

XLP

Target Corp (NYSE:TGT) has decided to limit the sale of LGBTQ-themed products in certain stores during Pride Month, opting instead to offer the full range online. This decision follows a backlash that affected its revenue, with the company moving Pride displays to less prominent locations in some Southern stores last year. Target's approach aims to balance customer feedback and market research. Despite challenges, including a wave of anti-LGBTQ legislation, Target remains committed to supporting the LGBTQ+ community. The company reported a 1.7% revenue growth in Q4 FY23. Target's stock, part of ETFs like Vanguard Consumer Staples ETF (NYSE:VDC) and Consumer Staples Select Sector SPDR Fund (NYSE:XLP), has risen over 4% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 2:10 pm

WBD

Warner Bros. Discovery's stock (WBD) trades higher following an upgrade from Keybanc from Sector Weight to Overweight with a new price target of $11.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:07 pm

TREX

Trex Company's shares are trading lower following the announcement of its Q1 financial results and the issuance of its guidance.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:06 pm

SLF

Sun Life shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:06 pm

ONTO

Onto Innovation's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company's Q2 guidance surpassed estimates, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 2:05 pm