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Stock Prices

MARA

RIOT

Crypto-related stocks, including MARA and RIOT, are experiencing a downturn due to a decrease in Bitcoin value and risk-off sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:48 pm

ROIV

Roivant Sciences reported worse-than-expected Q2 results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:47 pm

FTCH

Farfetch shares are trading lower due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:46 pm

COST

A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 21% bullish and 78% bearish. The price of COST is currently down -0.3% at $559.79. Analysts from Telsey Advisory Group, Jefferies, UBS, and Oppenheimer have given price targets ranging from $575 to $640.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 7:46 pm

SUI

JMP Securities analyst Aaron Hecht has reiterated the Market Outperform rating on Sun Communities, Inc. (SUI), but lowered the price target from $160 to $150. The analyst is concerned about SUI's overall guidance decline this quarter, primarily due to lower home sales in the UK amid deteriorating macroeconomic conditions. However, the Marina segment has shown resilience, with FY23 guidance increased by 60bps at the midpoint. SUI shares are currently trading lower by 1.27%.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 7:39 pm

TSLA

Tesla shares are trading lower due to overall market weakness and soft economic data from China, which could negatively impact the company.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:37 pm

SPY

The market on close imbalance is leaning towards the sell-side with $673M. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:36 pm

AFRM

PYPL

SQ

The upcoming student loan repayments may impact the 'buy now, pay later' (BNPL) sector, potentially causing a 2% setback. However, Mizuho analyst Dan Dolev remains optimistic, reiterating Buy ratings on Affirm Holdings, Inc (AFRM), Block, Inc (SQ), and PayPal Holdings, Inc (PYPL). A survey revealed that half of the active BNPL users are dealing with student loans, but those with loans reported an income surplus of $10,000 compared to their loan-free counterparts. The survey also found a positive correlation between the number of BNPL platforms a user is on and their income bracket.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 7:36 pm

TGT

Target Corporation's shares are trading lower due to overall market weakness, influenced by concerning Chinese economic data and a warning from Fitch about potential bank downgrades. The company is set to report Q2 earnings on Aug. 16, with expected earnings of $1.41 per share and revenue of $25.23 billion.

Portfolio Pulse from Ryan Gustafson

August 15, 2023 | 7:33 pm

DSGN

RBC Capital Market has downgraded Design Therapeutics Inc (NASDAQ:DSGN) from Outperform to Sector Perform with a price target of $7, down from $23. This follows the company's announcement of initial results from its Phase 1 clinical trial of DT-216 in patients with Friedrich ataxia and plans to reformulate the drug due to injection site reactions. RBC analysts see potential in the modified versions of DT-216 but are adopting a wait-and-see approach due to extended development timelines and inherent risks.

Portfolio Pulse from Vandana Singh

August 15, 2023 | 7:32 pm