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DG

Evercore ISI Group analyst Michael Montani has downgraded Dollar General (NYSE:DG) from Outperform to Neutral and lowered the price target from $185 to $150.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:44 am

BYDDF

BYD Co reported its August passenger vehicle sales volume at 274,086 units, a significant increase from 173,977 units in the same period last year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:39 am

ESTC

Elastic NV's shares are trading higher by over 17% after reporting better-than-expected Q1 FY24 results and providing an above-consensus Q2 outlook. The company also raised its FY24 adjusted EPS guidance. Revenue rose 17% Y/Y to $293.75 million, beating the consensus of $284.44 million. Elastic Cloud revenue increased 24% Y/Y to $121 million. The company expects Q2 revenue of $303 million-$305 million and adjusted EPS of $0.23-$0.25. For FY24, the revenue outlook was revised to $1.242 billion-$1.250 billion.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 10:38 am

IOT

Samsara Inc (NYSE:IOT) reported Q2 FY24 revenue growth of 43% Y/Y to $219.3 million, beating the consensus of $207.49 million. The company ended Q2 with 1,515 customers with ARR over $100,000, up 53% Y/Y. Samsara raised the FY24 revenue outlook to $896 million-$900 million from $866 million – $874 million. IOT shares closed higher by 2.20% at $27.36 on Thursday.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 10:30 am

AVGO

DDL

HCP

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SKYT

UBS

Several major stocks including PagerDuty, Broadcom, HashiCorp, SkyWater Technology, Dingdong (Cayman) Limited, and UBS Group AG recorded losses in Friday's pre-market trading session. Despite posting upbeat Q2 results, these companies issued weak forecasts for the current quarter or FY24, leading to a decline in their share prices.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 10:13 am

TSLA

Tesla has launched its Model 3 refresh, codenamed Project Highland, in Europe, with deliveries expected to begin soon. The Model 3, Tesla's first mass-market model, was initially launched in 2017 and quickly became a top seller. Despite early production and financial challenges, Tesla derived much of its volume from the Model 3 until the launch of the Model Y SUV in 2020. The refreshed Model 3 has a 12% higher range than the original and 50% new parts. It is also 2-12% more expensive. A $1,000 investment in Tesla in July 2017 would now be worth $12,360.

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 10:10 am

HITI

High Tide Inc. has announced an at-the-market equity offering program of up to C$30 million. The program is intended to fund strategic initiatives and will replace the previous program.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:05 am

OXM

Oxford Industries Inc reported Q2 FY23 sales growth of 16% to $420.32 million, missing the analyst consensus of $424.27 million. The company's brands saw varied growth, with Tommy Bahama increasing 1%, Lilly Pulitzer rising 3%, and Emerging Brands gaining 6%. The company also reported a decrease in operating margin from 20.7% to 16.1% and a 10.2% fall in operating income to $67.7 million. Oxford lowered its FY23 sales outlook to $1.57 billion - $1.60 billion and adjusted EPS forecast to $10.30 - $10.60.

Portfolio Pulse from Shivani Kumaresan

September 01, 2023 | 9:57 am

DOGEUSD

Elon Musk, owner of X, responded to a tweet criticizing cryptocurrencies, calling it a 'Troll post of the day'. Musk has been linked to Dogecoin (CRYPTO: DOGE) since 2019 and his Twitter antics have propelled the meme-inspired coin into the spotlight. Dogecoin, conceived as a joke in 2013, is now the eighth-largest cryptocurrency with a market cap of $8.9 billion. Speculation is circulating that DOGE could find its way into the world of X, which was recently granted a license to provide cryptocurrency wallet services in Rhode Island.

Portfolio Pulse from Mehab Qureshi

September 01, 2023 | 9:44 am

LIZI

LIZHI INC. (NASDAQ:LIZI), an audio-based social and entertainment platform, has announced plans to change the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from 1:20 to 1:200. This change will have the same effect as a one-for-ten reverse ADS split for LIZHI's ADSs holders. The change is expected to take effect at the opening of business on September 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:34 am