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APO

Apollo Global Management (NYSE:APO) has delivered an average annual return of 26.9% over the past 5 years, outperforming the market by 15.7% annually. A $1000 investment in APO five years ago would be worth $3,241.44 today. The company's current market capitalization stands at $48.92 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:30 pm

WSM

Williams-Sonoma, Inc (NYSE:WSM) reported Q3 FY23 sales of $1.854 billion, a 15.5% decrease YOY, missing estimates of $1.957 billion. Comparable brand revenue fell 14.6%. Adjusted EPS was $3.66, beating estimates of $3.35. Gross margin expanded to 44.4%, but gross profit dropped 9.7% to $822.6 million. Operating income decreased 7.2% to $315 million. The company has $698.8 million in cash. FY23 revenue is expected to decline 10%-12%, with higher operating margin and EPS. WSM shares rose 4.50% to $168.66.

Portfolio Pulse from Shivani Kumaresan

November 16, 2023 | 6:28 pm

DBCCF

Decibel Cannabis Co Inc (OTCQB:DBCCF) reported a 65% year-over-year growth in net revenue for Q3 2023, reaching CA$30.2 million, driven by demand for vapes and cannabis-infused products. Despite the revenue growth, net income declined sharply to CA$413 thousand from CA$5.2 million in Q3 2022. Adjusted EBITDA increased by 57% to CA$6.7 million. The company faced challenges such as a decrease in gross margin and increased labor costs. Decibel's stock was trading 3.02% lower at $0.1042 per share.

Portfolio Pulse from Patricio Liddle

November 16, 2023 | 6:25 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) shares dropped after initially rising earlier in the week due to Q3 financial results and a renewed share repurchase program. The company reported a reduced net loss and increased sales compared to the same quarter last year. CEO Zach George highlighted SNDL's positive cash flow and the company's focus on profitability and growth. The stock is trading below its 50-day moving average and near its 52-week low.

Portfolio Pulse from Erica Kollmann

November 16, 2023 | 6:16 pm

AAPL

BRK

GLD

SOXX

The latest 13F filings show significant portfolio changes by major hedge funds. Berkshire Hathaway's top buys were LSXMA and SIRI, with sells including ATVI and GM. Bridgewater Associates increased stakes in consumer brands and bought SLB and AVGO, selling JNJ and VWO. Greenlight Capital invested in GLD and stocks in the material and energy sectors. Scion Asset Management bet against the semiconductor space with puts on SOXX and against BKNG. Pershing Square Capital bought more GOOGL, HLT, and HHH, selling some LOW.

Portfolio Pulse from Surbhi Jain

November 16, 2023 | 6:12 pm

PLCE

The Children's Place, Inc. (NASDAQ:PLCE) shares dropped by approximately 25% due to weaker than expected quarterly earnings, with adjusted earnings of $3.22 per share compared to estimates of $3.56 per share. Despite sales exceeding estimates, the stock price fell significantly. Other stocks experienced movements in Thursday's mid-day session, with various companies reporting earnings, clinical trial updates, mergers, and public offerings.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 6:11 pm

AMZN

HYMTF

Amazon plans to enter the online vehicle sales market in the U.S. by partnering with Hyundai to start selling cars online in 2024. This move could potentially disrupt the traditional car sales model and positions Amazon as a significant player in the automotive retail space.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:07 pm

MAXN

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) reported a Q3 loss of $2.21 per share, with sales of $227.63 million surpassing estimates. Following the earnings report, the stock dropped 10.1%. Analysts from Raymond James, Northland Capital Markets, Goldman Sachs, and Roth MKM revised their price targets downward, with some maintaining their ratings and others downgrading the stock.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 6:07 pm

F

GM

STLA

United Auto Workers (UAW) members at General Motors Co (GM) have ratified a tentative contract agreement, potentially ending a labor dispute with Detroit's Big Three automakers. The deal's approval at GM could influence ongoing votes at Ford Motor Company (F) and Stellantis NV (STLA), where current trends suggest favorable outcomes. The contracts, if approved by all 146,000 union members, would result in significant wage increases and adjustments. GM shares dropped 1.42% to $27.74 in recent trading.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 6:06 pm

FISV

UBS analyst Timothy Chiodo has reaffirmed a Buy rating on Fiserv and increased the price target from $140 to $150.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:04 pm