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TRI

Thomson Reuters (NYSE:TRI) has outperformed the market over the past 10 years by 2.39% on an annualized basis, producing an average annual return of 12.73%. If an investor had bought $100 of TRI stock 10 years ago, it would be worth $329.07 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:30 pm

FWRD

Shares of Forward Air Corp (NASDAQ:FWRD) have dropped by over 27% following the announcement of a business combination with Omni Logistics, LLC. The drop is due to several analysts downgrading the stock, citing concerns about top-line diversions, increased short-term leverage, and lack of near-term earnings accretion. Wolfe Research and Stifel also lowered their ratings for FWRD.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 6:26 pm

MELI

MercadoLibre's shares are trading lower following a change in the company's Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:26 pm

CVNA

Morgan Stanley has maintained an Underweight rating on Carvana's stock but increased its price target from $35 to $37. This has led to Carvana's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:22 pm

ACHR

BA

JOBY

Benchmark analyst Josh Sullivan reiterated a Buy rating on Archer Aviation Inc (ACHR) with a price target of $12. This follows Boeing Co (BA) becoming a strategic partner and investor in Archer as part of a $215 million investing round. Archer also secured two new contracts with the Air Force totaling $142 million and received FAA authorization for flight testing of its eVTOL Midnight aircraft. Despite these developments, ACHR's shares are trading lower by 5.93% at $5.49.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 6:20 pm

RMBS

Rambus has announced the initiation of a $100 million accelerated share repurchase program, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:18 pm

W

Needham analyst Anna Andreeva reiterated a Buy rating on Wayfair Inc (NYSE:W) with a price target of $100. The analyst predicts continued top-line growth for Wayfair through 2024, despite pandemic gains being lapped. Wayfair's growth is expected to be driven by double-digit sales CAGR, international expansion, and a focus on advertising. The company's competitive edge in fulfillment through its own global logistics network is also seen as an under-appreciated asset.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 6:18 pm

CYBR

Stephens analyst Brian Colley has raised the price target on CyberArk Software Ltd. (NASDAQ:CYBR) from $180 to $210, maintaining an Overweight rating. This follows CyberArk's Q2 results, which showed a 61% rise in subscription revenue to $106.2 million. Despite a weak macro environment, CyberArk has seen resilient trends, with accelerating net new ARR growth and new customer wins. The company is also expanding its channel ecosystem, which has delivered key wins in the quarter. Following Q2, the analyst raised the FY2023/2024 revenue estimates and non-GAAP EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 6:15 pm

TMO

Thermo Fisher Scientific's (NYSE:TMO) short percent of float has risen 11.27% since its last report, with 3.04 million shares sold short, which is 0.79% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Thermo Fisher Scientific has less short interest as a percentage of float, which is 4.71% on average.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:15 pm

CPRT

Copart's (NYSE:CPRT) short percent of float has fallen 3.96% since its last report, with 4.18 million shares sold short, which is 0.97% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Copart's short interest as a percentage of float is less than its peer group average of 3.87%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:15 pm