Streetbeat News

Stock Prices

CURLF

Curaleaf Holdings Inc. reported a positive Q2 with revenue at $339 million, a 4% YoY growth. The company ended the quarter with $85 million in cash and generated $37 million in year-to-date cash flow from continuing operations. Despite price pressure and gross margin erosion, particularly in Florida, the company has no plans for large capital raises as it still has a $50 million revolving credit facility available.

Portfolio Pulse from Maureen Meehan

August 11, 2023 | 7:59 pm

SPY

The market on close imbalance is leaning towards the sell side with $1.6 billion. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:53 pm

DIS

Disney shares are trading lower after a recent gain.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:53 pm

WIX

Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Wix.Com Ltd. (NASDAQ:WIX), raising the price target to $130 from $120. This follows Wix's announcement of an increase in its '25 FCF margin target to 25% from 20%. The company's FY25 FCF is expected to reach ~$500 million, with revenue growth remaining at current levels (+~13%). Wix's shares are currently trading lower by 2.25% to $90.01.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 7:48 pm

CDE

Coeur Mining has reported its Q2 results, leading to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:47 pm

CABA

HC Wainwright has maintained a Buy rating on Cabaletta Bio and raised its price target from $15 to $17, leading to a rise in Cabaletta Bio's shares.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:47 pm

KHC

Kraft Heinz Inc.'s (NASDAQ:KHC) stock price is currently at $34.52, after a 0.38% increase. However, the stock has decreased by 3.71% over the past month and by 10.48% over the past year. The company's P/E ratio of 13.43 is lower than the Food Products industry average of 26.85, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:45 pm

CCOI

TMUS

KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating on Cogent Communications Holdings, Inc. (CCOI), raising the price target to $80 from $77. Despite CCOI missing Q2 FY23 service revenue consensus, the analyst expects a recovery in CCOI's core business and sees a path towards $500M+ EBITDA. Nispel also anticipates CCOI to start on T-Mobile US, Inc. (TMUS) T-Mobile Wireline's profitability through network savings, headcount reduction, and growth in Wavelength sales.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 7:45 pm

ORIC

Oric Pharmaceuticals reported a year-over-year increase in Q2 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:43 pm

RPD

Rapid7's shares are experiencing an upward trend following the company's recent earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:37 pm