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TSLA

HSBC has initiated coverage on Tesla with a Reduce rating and a price target of $146, leading to a decrease in Tesla's share price.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:25 pm

SONY

Sony has reported its Q2 results and subsequently lowered its FY23 sales outlook. This has led to a decrease in the trading value of Sony shares.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:21 pm

AFRM

Affirm Holdings Inc (NASDAQ:AFRM) reported strong Q1 results, with $5.6 billion in gross merchandise value and $497 million in total revenues, beating expectations. Operating expenses dropped to $154M from $169M last quarter due to efficiency improvements through technology advancements. The company's active consumers grew 15% YoY, transactions per customer increased to 4.1, and 75% of transactions were interest-bearing. Five out of six analysts revised their forecasts post-FQ1, with four maintaining or reiterating their ratings and one raising the price target.

Portfolio Pulse from Priya Nigam

November 09, 2023 | 5:21 pm

SPY

TLT

Richmond Federal Reserve President Thomas Barkin has suggested that slowing down the economy could be a strategy to combat inflation. He expressed skepticism about achieving the central bank’s 2% inflation target smoothly and stated that more inflation is expected. Despite anticipating a slowdown, Barkin believes the U.S. economy is prepared and any downturn may be less severe than past recessions. The S&P 500 index and Treasury yields were flat and higher respectively.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 5:19 pm

RMD

ResMed shares are trading lower due to weakness in healthcare equipment stocks following Becton, Dickinson And Company's mixed Q4 financial results and lower than expected FY24 adjusted EPS and revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:18 pm

TSM

Large investors have taken a bearish stance on Taiwan Semiconductor (NYSE:TSM), with 90% of the big-money trades being bearish. The options scanner at Benzinga spotted 10 uncommon options trades for TSM, with 2 puts and 8 calls. The whales have been targeting a price range from $82.0 to $120.0 for TSM over the last 3 months. The current price of TSM is $92.76, up by 0.83%. An analyst from Needham has downgraded its action to Buy with a price target of $115.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:18 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has seen unusual options activity, with 72% of traders showing bearish tendencies. The major market movers are focusing on a price band between $40.0 and $57.5 for Marvell Tech. The company's trading volume stands at 5,738,249, with MRVL's price up by 5.21%, positioned at $54.27. An earnings announcement is expected in 21 days.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:17 pm

APRN

Blue Apron Holdings, Inc (NASDAQ:APRN) reported a Q3 FY23 sales decline of 9.9% YoY to $98.8 million, surpassing the consensus of $97.6 million. The company's EPS loss improved to $(1.34), beating the consensus loss of $(1.99). Despite a 20.2% YoY decrease in orders, the average order value and revenue per customer increased. The company also improved its adjusted EBITDA loss. Blue Apron agreed to be acquired by Wonder Group in September. The stock has gained 131.4% in the last six months and 42.3% YTD.

Portfolio Pulse from Anusuya Lahiri

November 09, 2023 | 5:17 pm

WOW

WideOpenWest Inc's shares have fallen by over 55% following worse-than-expected Q3 FY23 results. The company reported revenue of $173.1 million, missing the consensus of $173.4 million, and an EPS loss of $(1.29) against a consensus of EPS of 1 cent. Keybanc Capital Markets analyst Brandon Nispel downgraded the stock to Sector Weight from Overweight. The company also withdrew its FY24 guidance due to significant declines in legacy high-speed data customers and a slowdown in gross additions.

Portfolio Pulse from Lekha Gupta

November 09, 2023 | 5:16 pm

CART

JMP Securities analyst Andrew Boone maintains a Market Outperform rating on Maplebear (NASDAQ:CART) and raises the price target from $33 to $35.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 5:15 pm