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DG

DLTR

WMT

BMO Capital Markets analyst Kelly Bania reiterated an Outperform rating on Dollar Tree, Inc. (DLTR) with a price target of $170. Despite a 26% fall in DLTR's share price since F2Q24, Bania sees potential for long-term growth, citing management's strategies, plans for Family Dollar, and opportunities to improve the Dollar Tree format. Bania also notes that 60% of DLTR's customers' spending still goes to Walmart Inc. (WMT). The analyst also sees potential for $2+ in EPS due to a reversal of freight headwinds and nearly $1 in one-time price investments and charges at Family Dollar.

Portfolio Pulse from Nabaparna Bhattacharya

October 06, 2023 | 6:44 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) is expected to report a narrower Q1 loss of 2 cents per share, compared to a year-ago loss of 5 cents per share. The company's revenue is projected to be $35.16 million, a significant increase from $6.64 million in the year-ago period. Several analysts have maintained a 'Buy' rating on the company, with price targets ranging from $12 to $17.5.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:32 pm

AUVI

CAMP

OMQS

PIXY

PRZO

VCNX

U.S. stocks traded higher with the Dow Jones index gaining more than 300 points. Information technology shares rose by 1.8%. U.S. nonfarm payrolls rose by 336,000 in September, above market estimates. ParaZero Technologies, Vaccinex, and Applied UV saw significant stock increases. CalAmp Corp., OMNIQ Corp., and ShiftPixy saw significant stock decreases. Gold and oil prices increased.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:31 pm

SCCO

Southern Copper Inc.'s (NYSE:SCCO) share price increased by 0.86% in the current market session to $72.31, despite a 5.96% fall over the past month. However, the stock has spiked by 55.95% over the past year. The company's P/E ratio is lower than the aggregate P/E of 21.47 of the Metals & Mining industry, indicating that the stock might be undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:30 pm

SPY

TSLA

VGK

The European Union (EU) is planning to loosen new rules on electric vehicle (EV) sales in an attempt to defuse a row with the UK. The move could potentially impact the sales of EV manufacturers, including Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:27 pm

STZ

Constellation Brands Inc (NYSE:STZ) reported a 7% YoY net sales growth of $2.84 billion for Q2 FY24, beating the consensus estimate of $2.82 billion. The company also raised its FY24 Comparable EPS outlook from $11.70 - $12 to $12 - $12.20. Despite the positive earnings, the company's shares fell 1.3% to trade at $238.18. Post earnings, several analysts including HSBC, JP Morgan, Truist Securities, Roth MKM, and Wedbush increased their price targets on Constellation Brands.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:21 pm

LULU

A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a bearish stance being taken by a majority of investors. The price target for Lululemon Athletica over the last 3 months has been between $350.0 to $390.0. The current price of LULU is down -0.25% at $359.46. HSBC, Needham, and Telsey Advisory Group have all downgraded their actions to Buy or Outperform with price targets ranging from $450 to $500.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

ORCL

A significant investor has taken a bearish stance on Oracle (NYSE:ORCL), with 61% of recent trades being bearish and 38% bullish. The trades have targeted a price range of $70.0 to $115.0 for Oracle over the last 3 months. The current price of ORCL is down -0.32% at $108.0. Analysts from Berenberg, Evercore ISI Group, Citigroup, UBS, and Mizuho have maintained their ratings on Oracle, with price targets ranging from $110 to $150.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

MA

A significant number of investors have taken a bearish stance on Mastercard (NYSE:MA), with 68% of the detected trades being bearish and 31% bullish. The total amount for puts is $639,360 and for calls is $104,970. Whales have been targeting a price range from $330.0 to $440.0 for Mastercard over the last 3 months. The current price of MA is down -0.81% at $391.0. Truist Securities and Jefferies have maintained their Buy rating on Mastercard with a price target of $475.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

CAG

ConAgra Brands Inc reported Q1 sales of $2.90 billion, flat Y/Y, versus the consensus of $2.95 billion. Adjusted EPS increased 15.8% to $0.66, beating the consensus of $0.60. Following the earnings announcement, analysts from Stifel, RBC Capital, and Jefferies lowered their price targets on ConAgra.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:16 pm