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CARG

CarGurus reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:18 pm

FOSL

Fossil Group has revised its worldwide net sales forecast, now expecting a decrease of 5-10% compared to the previous guidance of a decrease of 5% to an increase of 1%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:17 pm

MRVL

A whale investor has taken a bullish stance on Marvell Tech (NASDAQ:MRVL), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $55.0 to $75.0 for Marvell Tech over the last 3 months. The price of MRVL is currently down -3.26% at $59.94. Wolfe Research downgraded its action to Outperform with a price target of $80, while Barclays, Keybanc, and Stifel maintained their positive ratings with a price target of $75-$80.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 8:16 pm

APO

A significant bearish stance has been taken on Apollo Global Management (NYSE:APO) by a large investor, as indicated by a large position in options. The sentiment of these big-money traders is 100% bearish. The whales have been targeting a price range from $80.0 to $92.5 for Apollo Global Management over the last 3 months. The price of APO is currently down -0.95% at $81.7. Analysts from Goldman Sachs, Morgan Stanley, BMO Capital, and Barclays have maintained their ratings on Apollo Global Management.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 8:16 pm

F

A significant bearish stance has been taken on Ford Motor (NYSE:F) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $9.35 to $14.35 for Ford Motor over the last 3 months. The price of F is currently down -1.2% at $12.72. Various experts have given their ratings and price targets for Ford Motor.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 8:16 pm

TTD

The Trade Desk's shares are trading lower following the release of its Q2 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:15 pm

ILMN

Illumina has issued its FY23 EPS guidance below estimates, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:15 pm

TASK

TaskUs (NASDAQ:TASK) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.30 by 6.67%. However, this is a 15.79% decrease from the same period last year. The company also reported quarterly sales of $229.17 million, beating the estimate of $226.69 million by 1.09%, but this is a 7.02% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:13 pm

WE

WeWork Inc (NYSE:WE), once valued at $40 billion, is now in trouble and warned investors that it could be going out of business soon, according to a recent SEC financial filing. The company, which rents office space, has struggled since the COVID-19 pandemic pushed workers to work remotely, crushing the demand for in-person office spaces. After Tuesday’s filing showed the company’s growing concern, the stock dropped more than 30% in Wednesday’s session, with WeWork’s market cap falling to less than $300 million.

Portfolio Pulse from Aaron Bry

August 09, 2023 | 8:12 pm

BRLT

Brilliant Earth Group (NASDAQ:BRLT) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $0.03 by 33.33%. However, this is a 33.33% decrease from the same period last year. The company's quarterly sales were $110.18 million, missing the analyst consensus estimate of $111.33 million by 1.03%, but showing a 1.26% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:12 pm