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QSR

Roark Capital is reportedly close to acquiring Subway for $9.6 billion. Subway, the eighth-largest U.S. restaurant brand, has faced challenges in recent years but has ambitious global expansion plans. Meanwhile, JP Morgan initiated coverage on Restaurant Brands International (NYSE:QSR) with a price target of $84 and an Overweight rating, anticipating improved performance across existing and new stores.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 6:21 pm

KLAC

MPWR

MRVL

NVDA

Semiconductor stocks are trading higher due to an overall market rebound and in anticipation of NVIDIA's upcoming earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 6:18 pm

ATVI

Activision Blizzard's Overwatch 2 game received a surge of negative reviews following its recent launch on Steam. The complaints were mainly about free-to-play monetization, game balance, lack of promised PvE content, and a toxic player base. The game's director, Aaron Keller, acknowledged the feedback and emphasized the team's commitment to improving the game with additional content.

Portfolio Pulse from Franca Quarneti

August 21, 2023 | 6:18 pm

NSSC

NAPCO Security Technologies (NSSC) shares are down after the company announced it would restate the prior three-quarters of FY23 due to cost-accounting errors. This restatement will lower the 9-month GAAP net income by $9.5 million, or around 36% from the previously reported financials. Needham analyst James Ricchiuti has reiterated a Buy rating on NSSC but lowered the price target to $30 from $39. The company expects Q4 revenues to be $44.7 million, about 7% below consensus and up 3% Y/Y.

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2023 | 6:16 pm

MO

Altria Group's (NYSE:MO) short percent of float has fallen 10.23% since its last report, with 14.01 million shares sold short, which is 0.79% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Altria Group's peer group average for short interest as a percentage of float is 2.88%, indicating the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:15 pm

ROK

Rockwell Automation's (NYSE:ROK) short percent of float has fallen 6.38% since its last report, with 3.12 million shares sold short, which is 3.08% of all regular shares available for trading. It would take traders 4.58 days to cover their short positions on average. The company's short interest is less than its peer group average of 10.68%.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:15 pm

ZTS

Zoetis's (NYSE:ZTS) short percent of float has risen 26.67% since its last report, with 3.51 million shares sold short, which is 0.76% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Zoetis has less short interest as a percentage of float, which is 4.42% on average.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:15 pm

NIO

NIO shares are trading higher after the company reportedly implemented measures to boost production of the ES6 following a brief five-day hiatus.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 6:10 pm

AAPL

AMZN

NVDA

SFTBF

Arm Ltd, owned by Softbank Group Corp, is preparing to file for a Nasdaq IPO, with a potential valuation of $60 billion - $70 billion. The company is expected to raise $8 billion - $10 billion. Investors are keen to understand how Arm plans to diversify beyond its mobile-chip designs, which have been used by Apple Inc and Amazon.com Inc. Despite CEO Masayoshi Son's optimism about Arm's role in the AI boom, some analysts remain skeptical. Nvidia Corp has emerged as the prime beneficiary of the AI surge, but Arm could potentially collaborate with Nvidia due to its energy-efficient CPUs.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 6:01 pm

MELI

A significant number of investors have taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 52% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $900.0 to $1700.0 for MercadoLibre over the last 3 months. The price of MELI is up 0.95% at $1211.0. Several financial institutions including Credit Suisse, JP Morgan, Goldman Sachs, and Barclays have maintained their positive ratings on MercadoLibre.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 6:01 pm