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Stock Prices

WES

Wells Fargo analyst Ned Baramov has downgraded Western Midstream (NYSE:WES) from Overweight to Equal-Weight and lowered the price target from $31 to $30.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 8:36 am

FLO

SHOC

SMLR

SPB

TUSK

Spectrum Brands Holdings, Inc. (SPB), Flowers Foods, Inc. (FLO), Mammoth Energy Services, Inc. (TUSK), Semler Scientific, Inc. (SMLR), and Soho House & Co Inc. (SHOC) are stocks to watch heading into Friday. SPB is expected to post quarterly earnings of 57 cents per share on revenue of $780.97 million. FLO reported better-than-expected earnings for its second quarter and announced the retirement of its chief sales officer. TUSK is expected to have earned 10 cents per share on revenue of $86.07 million for the latest quarter. SMLR reported better-than-expected second-quarter financial results. SHOC is expected to report a quarterly loss at 12 cents per share on revenue of $285.18 million.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 8:17 am

AAPL

Apple Inc.'s 16-inch 2021 MacBook Pro with M1 Max chip is now available at a $900 discount on Adorama. The MacBook Pro, launched in late 2021, is one of the most powerful Mac notebooks from Apple, even though the M2 series is out now. The deal is applicable on the Silver color option with 64GB of RAM and a 1TB SSD.

Portfolio Pulse from Rounak Jain

August 11, 2023 | 8:08 am

ADV

CIA

RPID

Insiders at Citizens, Inc. (NYSE:CIA), Rapid Micro Biosystems, Inc. (NASDAQ:RPID), and Advantage Solutions Inc. (NASDAQ:ADV) have recently acquired shares in their respective companies. Citizens' net income increased to $6.1 million in Q2, Rapid Micro Biosystems reported a narrower-than-expected Q2 loss, while Advantage Solutions posted a Q2 loss.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 7:10 am

DIS

SHOC

SPB

TUSK

WYNN

The CNN Money Fear and Greed index remained in the 'Greed' zone on Thursday, indicating positive market sentiment. U.S. stocks closed slightly higher following the release of inflation data. The annual inflation rate rose to 3.2% in July, slightly below market estimates. Initial jobless claims increased more than expected. Shares of The Walt Disney Company and Wynn Resorts rose after reporting better-than-expected earnings. Investors are awaiting earnings results from Spectrum Brands Holdings, Mammoth Energy Services, and Soho House & Co.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 6:39 am

ARKG

ARKK

ARKQ

ARKX

GOOGL

NVDA

Cathie Wood's Ark Invest continues to sell Nvidia (NVDA) shares, with Ark Innovation ETF (ARKK) having divested its entire Nvidia stake by early January 2023. On Thursday, Ark's Autonomous Technology & Robotics ETF (ARKQ) and Ark Genomic Revolution ETF (ARKG) sold 9,898 Nvidia shares valued at $4.2 million. Nvidia now accounts for 2.59% of ARKQ and 2.72% of ARKG. Ark also sold Alphabet (GOOGL, GOOG) shares on Thursday, with ARKQ and Ark Space Exploration & Innovation ETF (ARKX) selling 10,439 Class C shares.

Portfolio Pulse from Shanthi Rexaline

August 11, 2023 | 6:29 am

SPB

Spectrum Brands Holdings, Inc. (NYSE:SPB) is expected to report lower Q3 earnings for fiscal 2023, with analysts predicting earnings of 40 cents per share, down from 54 cents per share in the previous year. The company's revenue is also expected to decrease to $787.11 million from $818 million. Spectrum Brands shares fell 0.3% to close at $75.11 on Thursday. Recent analyst ratings include Wells Fargo's Overweight rating with a price target of $90, Oppenheimer's Outperform rating with a price target of $82, and Deutsche Bank's Hold rating with a price target of $70.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 6:13 am

EWU

The U.K. Business Investment Preliminary for Q2 has been reported at 3.4%, significantly higher than the estimated 0.8% and the prior figure of 3.3%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:07 am

EWU

The U.K. trade balance for June was reported at -15.46B, better than the estimated -16.40B and the prior -18.41B. The trade balance with non-EU countries for June was -2.77B, significantly better than the estimated -6.39B and the prior -6.62B.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:05 am

EWU

UK's manufacturing production for June increased by 2.4%, significantly higher than the estimated 0.2% and the previous month's -0.1%.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:03 am