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AMC

Trading of AMC Entertainment Holdings shares has resumed.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:39 pm

LULU

Shares of Lululemon Athletica Inc (NASDAQ:LULU) are trading lower by 1.24% after Dick's Sporting Goods lowered its guidance, which could reflect lower consumer confidence or spending. This sentiment could extend to Lululemon, as both companies target similar demographics. Investors might worry that consumers are cutting back on discretionary spending, which could negatively impact Lululemon's sales and growth prospects.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 1:39 pm

TEVA

Teva Pharmaceutical Industries Limited (NYSE:TEVA) and Glenmark Pharmaceuticals have agreed to pay $225 million and $30 million respectively to settle charges related to price fixing of medications, including a generic cholesterol drug, pravastatin. Both companies will divest their versions of pravastatin as part of the settlement. Teva has also committed to donating $50 million worth of two generic drugs affected by price fixing to humanitarian organizations. The settlements are structured as deferred prosecution agreements, meaning that Teva and Glenmark will avoid trial or criminal punishment if they comply with the terms outlined in the agreements.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 1:38 pm

NKE

Nike Inc's shares are trading lower after Dick's Sporting Goods, a major customer of Nike, lowered its guidance. This could potentially lead to lower orders from Nike, affecting its revenue and earnings. Dick's Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. Nike has a 52-week high of $131.31 and a 52-week low of $82.22.

Portfolio Pulse from Henry Khederian

August 22, 2023 | 1:37 pm

AMC

Shares of AMC Entertainment Holdings were halted on a circuit breaker due to a sharp drop in price. The stock is currently down by 8.97%.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:36 pm

AAPL

META

MSFT

NVDA

QQQ

SPY

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, META, and NVDA. The memo provides price levels for these assets based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

August 22, 2023 | 1:35 pm

FOX

FOXA

RUM

A new poll shows former President Donald Trump leading among Republican voters ahead of the 2024 election, but with a narrower lead in Iowa compared to national surveys. The poll results come ahead of a Republican presidential primary debate that will air on Fox Corporation’s Fox News and stream on Rumble Inc. Trump has announced he will skip the debate, which could potentially impact his lead in future polls.

Portfolio Pulse from Chris Katje

August 22, 2023 | 1:31 pm

GDS

GDS Holdings Ltd reported a Q2 FY23 net revenue growth of 7.0% Y/Y to $340.91 million, beating the consensus of $337.64 million. The total area committed and pre-committed by customers rose 8.4% Y/Y to 637,661 square meters. Adjusted EBITDA rose 16.3% Y/Y to $170.3 million. The company reaffirmed its FY23 outlook. GDS shares are trading higher by 6.30% at $10.80 premarket.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 1:29 pm

ASLE

Prescience Point Capital Management has tweeted that ASLE has completed its final flight test for AerAware, a wearable HUD product for commercial airlines. They predict this will trigger near-term catalysts leading to a more than 50% increase in share price.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:29 pm

TOL

Toll Brothers, Inc. (NYSE:TOL) is expected to report higher Q3 earnings at $2.81 per share, up from $2.35 per share a year ago. The company's revenue is projected to be $2.41 billion, compared to $2.26 billion in the year-ago period. Several analysts have recently adjusted their price targets for TOL, with the most bullish outlook coming from Raymond James, which upgraded the stock to a Strong Buy and set a price target of $100.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 1:26 pm