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CANO

EVLV

MAXN

RGTI

SPB

TSAT

YTEN

US stocks traded mixed with the Dow up 0.32% and the NASDAQ down 0.48%. Energy shares jumped by 1.2% while IT shares fell by 1%. Spectrum Brands reported better-than-expected earnings but a sales decline of 10.1% YoY. Evolv Technologies, Telesat Corporation, and Rigetti Computing saw their shares rise after positive Q2 results. Yield10 Bioscience, Cano Health, and Maxeon Solar Technologies saw their shares drop after negative Q2 results.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 6:32 pm

ABBV

Benzinga's options scanner detected over 12 options trades for AbbVie (NYSE:ABBV) totaling $516,278. Whales have been targeting a price range from $130.0 to $165.0 for AbbVie over the last 3 months. The mean open interest for AbbVie options trades today is 2143.73 with a total volume of 659.00. The price of ABBV is up 0.72% at $152.53. RSI indicators suggest the stock may be overbought.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:31 pm

NKE

A whale investor has taken a bearish stance on Nike (NYSE:NKE), with 70% of the spotted trades being bearish and 30% bullish. The total amount for puts is $1,592,088 and for calls is $73,960. The targeted price range for Nike over the last 3 months is from $65.0 to $120.0. The current price of NKE is down -0.86% at $108.09.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:31 pm

NFLX

Netflix (NASDAQ:NFLX) has outperformed the market over the past 15 years by 27.0% on an annualized basis, producing an average annual return of 35.64%. If an investor had bought $1000 of NFLX stock 15 years ago, it would be worth $94,728.41 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:30 pm

TRI

Thomson Reuters (NYSE:TRI) has outperformed the market over the past 10 years by 2.39% on an annualized basis, producing an average annual return of 12.73%. If an investor had bought $100 of TRI stock 10 years ago, it would be worth $329.07 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:30 pm

FWRD

Shares of Forward Air Corp (NASDAQ:FWRD) have dropped by over 27% following the announcement of a business combination with Omni Logistics, LLC. The drop is due to several analysts downgrading the stock, citing concerns about top-line diversions, increased short-term leverage, and lack of near-term earnings accretion. Wolfe Research and Stifel also lowered their ratings for FWRD.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 6:26 pm

MELI

MercadoLibre's shares are trading lower following a change in the company's Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:26 pm

CVNA

Morgan Stanley has maintained an Underweight rating on Carvana's stock but increased its price target from $35 to $37. This has led to Carvana's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:22 pm

ACHR

BA

JOBY

Benchmark analyst Josh Sullivan reiterated a Buy rating on Archer Aviation Inc (ACHR) with a price target of $12. This follows Boeing Co (BA) becoming a strategic partner and investor in Archer as part of a $215 million investing round. Archer also secured two new contracts with the Air Force totaling $142 million and received FAA authorization for flight testing of its eVTOL Midnight aircraft. Despite these developments, ACHR's shares are trading lower by 5.93% at $5.49.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 6:20 pm

RMBS

Rambus has announced the initiation of a $100 million accelerated share repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:18 pm