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ABNB

BKNG

REK

Airbnb (NASDAQ:ABNB) is facing city restrictions in various jurisdictions, including New York, New Orleans, and Dallas, which could impact its bottom line. These restrictions are driven by the belief that short-term rentals contribute to the housing crisis. Despite this, Airbnb's stock has climbed over 60% in 2023, and Q2 earnings beat analyst expectations with an 18% revenue increase. However, shares dropped 2.1% in the five trading days post-results. The restrictions could also affect competitor Booking Holdings Inc (NASDAQ:BKNG). ProShares Short Real Estate (NYSE:REK) was up 0.49% to $20.19 on Thursday.

Portfolio Pulse from Natan Ponieman

August 10, 2023 | 8:15 pm

MAXN

Maxeon Solar reported mixed Q2 financial results and issued Q3 and FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:14 pm

SVV

Savers Value Village (SVV) projects its FY23 total net sales to be approximately $1.51 billion, which aligns with the estimated figure.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:14 pm

IONQ

IonQ reported mixed Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:13 pm

PGY

Pagaya Technologies (NASDAQ:PGY) reported Q2 sales of $195.61 million, beating the analyst consensus estimate of $187.80 million by 4.16 percent. This represents a 7.75 percent increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:13 pm

GME

WE

The r/WallStreetBets community, known as the 'apes', are rallying behind WeWork Inc (NYSE:WE), pushing its shares up over 130% at one point on Thursday. This follows a similar pattern to the GameStop Corp (NYSE:GME) short squeeze in early 2021. Despite WeWork's financial distress and a smaller short interest of 2.57%, the Reddit community remains bullish on the stock.

Portfolio Pulse from AJ Fabino

August 10, 2023 | 8:11 pm

VLD

Velo3D (NYSE:VLD) reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.08) by 25 percent. The company's quarterly sales were $25.00 million, missing the analyst consensus estimate of $27.25 million by 8.26 percent. However, this represents a 27.27 percent increase over sales of $19.64 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:08 pm

OSS

One Stop Systems (NASDAQ:OSS) reported Q2 sales of $17.21 million, missing the analyst consensus estimate of $17.50 million by 1.65 percent. This represents a 5.96 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:07 pm

SRT

StarTek (NYSE:SRT) reported Q2 earnings of $0.04 per share, missing the analyst consensus estimate of $0.06 by 33.33%. This is a 69.23% decrease from the same period last year. However, the company reported quarterly sales of $91.20 million, beating the analyst consensus estimate of $87.77 million by 3.91%. This is a 45.60% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:06 pm

STRT

Strattec Security (NASDAQ:STRT) reported Q4 losses of $(0.69) per share, missing the analyst consensus estimate of $(0.20) by 245 percent. This is a 790 percent decrease from last year's earnings. However, the company's quarterly sales of $132.22 million beat the analyst consensus estimate of $125.03 million by 5.75 percent, marking a 7.43 percent increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:03 pm