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GRPN

Windward Management has reportedly increased its stake in Groupon to 8.6%, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:24 pm

GME

GameStop Corporation (NYSE:GME) reported better-than-expected Q2 earnings with a loss of 3 cents per share on revenues of $1.16 billion, exceeding the consensus estimate of a loss of 14 cents per share on revenues of $1.14 billion. However, Wedbush analyst Michael Pachter maintained an Underperform rating on the stock and lowered the price target from $6.20 to $6. The stock's price action formed both bullish and bearish patterns.

Portfolio Pulse from Melanie Schaffer

September 07, 2023 | 5:20 pm

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The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Some of the biggest gainers include American Rebel Holdings, Wheeler Real Estate Investment Trust, and Sigma Additive Solutions. On the other hand, some of the biggest losers include Palisade Bio, Edible Garden AG, and Sportsman's Warehouse Holdings. The Toro Company's shares declined by 13.7% due to worse-than-expected third-quarter results and a cut in its FY23 guidance.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 5:19 pm

SHW

Sherwin-Williams's (NYSE:SHW) short percent of float has risen 14.78% since its last report, with 3.13 million shares sold short, which is 1.32% of all regular shares available for trading. It would take traders 2.43 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sherwin-Williams's peer group average for short interest as a percentage of float is 3.60%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:15 pm

SCHW

Charles Schwab's (NYSE:SCHW) short percent of float has fallen 26.44% since its last report, with 21.18 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 2.77 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.44%.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:15 pm

NWG

The short percent of float for NatWest Group (NYSE:NWG) has decreased by 11.11% since its last report, with 3.59 million shares sold short. This represents 0.08% of all regular shares available for trading. The short interest for NatWest Group is less than its peer group average of 0.89%. Short interest can act as an indicator of market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:15 pm

WMT

Walmart Inc (NYSE:WMT) has adjusted its pay structure for new store workers, potentially resulting in lower wages than a few months ago. The change, implemented in mid-July, means most new hires will earn the lowest possible hourly wage for their specific store. The company's minimum hourly wage of $14 remains in place, with some stores starting at $17 per hour. Existing employees will not experience pay reductions. The move is seen as a way to cut labor costs amid a cooling job market for hourly staff.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 5:12 pm

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CMCSA

NKE

French President Emmanuel Macron has stated that the Russian flag should not fly at the 2024 Paris Games due to Russia's invasion of Ukraine. The International Olympic Committee (IOC) has not sent formal invitations to Russia or Belarus, but individual athletes may still participate. This could impact broadcasting companies like Comcast Corporation and major sponsors like Coca-Cola Co, as well as sportswear companies like Nike Inc and Adidas AG-ADR, due to potential boycotts or reduced interest.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 5:09 pm

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WHR

The Energy Reliability Council of Texas (ERCOT) declared a 'level 2 emergency' due to limited power supply, implementing emergency operations to avoid blackouts. The reasons behind the emergency are unclear. High temperatures and energy demand have strained the state's power grid. Generac Holdings Inc (NYSE:GNRC), Whirlpool Corp (NYSE:WHR), and Carrier Global Corp (NYSE:CARR) are companies that could potentially benefit from high energy demand and temperatures.

Portfolio Pulse from Aaron Bry

September 07, 2023 | 5:05 pm

PATH

UiPath, Inc. (NYSE:PATH) reported better-than-expected earnings and issued an upbeat third-quarter outlook, leading to a rise in its stock price. The company reported quarterly earnings of 9 cents per share, beating the consensus estimate of 3 cents. Second-quarter sales were $287.00 million, beating the analyst consensus estimate of $282.14 million. UiPath raised its third-quarter revenue guidance to between $313 million and $318 million and fiscal-year 2024 revenue guidance to between $1.273 billion and $1.278 billion. Several analysts raised price targets on the stock following the earnings report.

Portfolio Pulse from Erica Kollmann

September 07, 2023 | 5:03 pm