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AKU

CTM

EBET

IMPL

NVOS

SPGC

TGT

US stocks traded mixed with the Dow up 0.09%, NASDAQ down 0.40%, and S&P 500 down 0.07%. Target Corporation reported better-than-expected Q2 earnings but lowered its profit forecast. Novo Integrated Sciences, EBET, and Akumin saw their shares rise, while Impel Pharmaceuticals, Sacks Parente Golf, and Castellum saw their shares fall. Energy shares rose by 0.6% while communication services shares fell by 0.6%.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 1:42 pm

SPGC

Trading of Sacks Parente Golf Company (SPGC) shares was halted twice due to a circuit breaker, with the stock now down by 44.8%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:42 pm

JXJT

Shares of JX Luxventure (JXJT) were halted on a circuit breaker to the upside, with the stock now up 24.5%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:41 pm

DLO

DLocal Limited (NASDAQ:DLO) reported better-than-expected Q2 financial results and reaffirmed its full-year guidance, leading to a surge in its stock price. Q2 revenue increased 59% YoY to $161.1 million, beating the consensus estimate of $151.18 million. The company also reported quarterly earnings of 15 cents per share, surpassing estimates of 13 cents per share. Following the announcement, Susquehanna analyst James Friedman maintained a Positive rating for DLocal and raised the price target from $18 to $24.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:39 pm

ASML

SSNLF

TSM

Samsung Electronics has reportedly sold over half of its stake in ASML Holding during Q2 2021, reducing its stake from 1.6% to 0.7%. The sale, which fetched Samsung approximately $2.2 billion, is part of the company's strategy to bolster its semiconductor manufacturing division. The funds may be used to expand Samsung's chip manufacturing facilities.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 1:39 pm

VFC

Traders are circulating activist insight suggesting that a big activist is eyeing V.F. Corp, with Third Point Capital being mentioned.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:38 pm

SPGC

Shares of Sacks Parente Golf Company (SPGC) were halted on a circuit breaker due to a significant drop in the stock price. The stock is now down by 38.6%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:35 pm

EAT

Brinker International, Inc. (NYSE:EAT) reported Q4 revenues of $1.076 billion, slightly missing the consensus of $1.080 billion. However, the company's adjusted EPS of $1.39 beat the $1.32 estimate. The company benefited from favorable food and beverage costs, reasonable income taxes, menu pricing, and a favorable menu item mix. Comparable sales increased by 6.6%, with an increase in comparable restaurant sales of 6.3% for Chili's and 9.1% for Maggiano's. EAT shares are trading lower by 3.77% to $35 on the last check Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 1:34 pm

INVZ

Innoviz Technologies Ltd. (NASDAQ:INVZ) has issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares. The letter highlights the company's strong operational execution and recent customer wins. Innoviz is currently participating in over five active RFQ sourcing processes with major automotive OEMs. The company believes it is in a once-in-a-lifetime market share capture window for the automotive LiDAR industry and that the additional cash from the offering will increase its chances of securing further customer wins.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:31 pm

FXI

KBE

KRE

SPY

XLF

Pimco suggests that the Chinese economic weakness and falling prices are likely to affect global markets. This could be a near-term positive for Western Central Banks battling inflation.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:31 pm