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GFF

Griffon Corporation (NYSE:GFF) has updated its FY23 revenue forecast to $2.70B, slightly below the consensus of $2.72B. The company also raised its adjusted EBITDA outlook for FY23 to $550M from at least $525M. Additionally, Griffon now expects depreciation to be $45 million (down from $50 million) and capital expenditures to be $40 million (down from $50 million).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:08 am

ADMP

APVO

AURC

BTTX

CDLX

CELZ

CMBM

CRKN

ELF

FEMY

FORD

FRSH

MGAM

MTCH

RBT

ROVR

SEDG

SFM

TMC

TRVG

Several stocks are experiencing significant pre-market trading movements. Crown ElectroKinetics Corp. (CRKN), Rubicon Technologies, Inc. (RBT), Rover Group, Inc. (ROVR), e.l.f. Beauty, Inc. (ELF), Cardlytics, Inc. (CDLX), Freshworks Inc. (FRSH), Creative Medical Technology Holdings, Inc. (CELZ), Better Therapeutics, Inc. (BTTX), Aurora Acquisition Corp. (AURC), and Match Group, Inc. (MTCH) are among the gainers, with increases ranging from 10.2% to 52.1%. On the other hand, Adamis Pharmaceuticals Corporation (ADMP), Aptevo Therapeutics Inc. (APVO), Cambium Networks Corporation (CMBM), Femasys Inc. (FEMY), Mobile Global Esports Inc. (MGAM), trivago N.V. (TRVG), Forward Industries, Inc. (FORD), SolarEdge Technologies, Inc. (SEDG), TMC the metals company Inc. (TMC), and Sprouts Farmers Market, Inc. (SFM) are among the losers, with decreases ranging from 11% to 42.6%.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:07 am

FTDR

Frontdoor has raised its FY23 outlook, with revenue now expected to be between $1.73B and $1.75B, up from the previous estimate of $1.70B - $1.74B. The company also increased its gross profit margin range to 45.5% - 47.5% and adjusted EBITDA range to $260M - $280M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:07 am

AGRO

CVGW

KDP

STZ

The article lists four overbought stocks in the consumer staples sector that may crash this month. These include Adecoagro S.A. (AGRO), Keurig Dr Pepper Inc. (KDP), Constellation Brands, Inc. (STZ), and Calavo Growers, Inc. (CVGW). The stocks are considered overbought as their Relative Strength Index (RSI) values are above 70.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:07 am

YUM

Yum! Brands Inc (NYSE:YUM) reported Q2 FY23 sales growth of 3% year-on-year to $1.69 billion, missing the analyst consensus of $1.75 billion. Same-store sales grew 9%, with KFC Division increasing 13%, Taco Bell 4%, and Pizza Hut 4%. Digital sales increased 30% Y/Y to $7 billion. The company added 1,025 gross units during the quarter. Adjusted EPS of $1.41 beat the analyst consensus of $1.23. YUM shares are trading lower by 2.00% at $133.63 premarket on Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 11:07 am

KHC

Kraft Heinz Co has updated its forecast for 2023, now expecting a year-over-year expansion in gross margin to be between 150-200 basis points.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:06 am

SNAX

Stryve Foods, Inc. has regained full compliance with NASDAQ listing standards, potentially avoiding delisting.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:05 am

BBY

Best Buy Co (NYSE:BBY) has received mixed analyst ratings in the last quarter, with 1 bullish, 7 indifferent, and 2 bearish. The average 12-month price target for the company has decreased by 7.16% from $81.00 to $75.2.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:05 am

GPN

Global Payments (NYSE:GPN) has received a mix of bullish and indifferent analyst ratings in the last quarter. Over the past 3 months, 13 analysts have offered 12-month price targets for the company, with an average price target of $136.08. This average price target has increased by 1.17% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:04 am

NCLH

Over the past 3 months, 7 analysts have published their opinion on Norwegian Cruise Line (NYSE:NCLH) stock. The majority of these analysts are indifferent about the stock, with one analyst being somewhat bearish. The average 12-month price target for the company is $18.93, which has increased by 18.31% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:04 am