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MDB

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 31.51% on an annualized basis, producing an average annual return of 40.99%. If an investor had bought $1000 of MDB stock 5 years ago, it would be worth $5,680.74 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:00 pm

EBIX

Ebix shares continue to trade lower following the company's worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:58 pm

WE

WeWork Inc. (NYSE:WE) shares surged over 130% on Thursday due to increased retail investor interest, despite the company's recent statement about substantial doubt over its ability to stay in business. The company reported worse-than-expected Q2 financial results, with losses of 21 cents per share and revenues of $844 million, both missing analyst consensus estimates. The surge in WeWork's stock price is speculated to be due to the 'meme stock' phenomenon, similar to what happened with GameStop.

Portfolio Pulse from Ryan Gustafson

August 10, 2023 | 6:56 pm

AMRS

BABA

CPRI

EDBL

GRTX

HLLY

ORGN

Alibaba Group Holding Limited (BABA) reported better-than-expected first-quarter financial results with a 14% YoY revenue growth to $32.29 billion. Edible Garden AG Incorporated (EDBL), Capri Holdings Limited (CPRI), and Holley Inc. (HLLY) also posted upbeat results. However, Galera Therapeutics, Inc. (GRTX) shares dropped after receiving a Complete Response Letter from the FDA, Amyris, Inc. (AMRS) filed for Chapter 11 bankruptcy, and Origin Materials, Inc. (ORGN) reported mixed results.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 6:53 pm

MGNI

Magnite Inc's shares fell by around 35% after Q2 FY23 results, despite beating estimates. The company reported Q2 adjusted EPS of $0.09 and sales of $152.50 million. However, several analysts reduced the price target following the results. Stephens & Co., RBC Capital Markets, and B. Riley Securities all lowered their price targets for the company. The analysts cited softer CTV revenues and the impact of the MediaMath bankruptcy as reasons for the reduction.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 6:52 pm

WMT

A significant bearish stance on Walmart (NYSE:WMT) has been observed through unusual options activity. The sentiment among big-money traders is 85% bearish, with 14 uncommon options trades spotted for Walmart. Whales have been targeting a price range from $135.0 to $170.0 for Walmart over the last 3 months. Despite this, Wells Fargo, Oppenheimer, Jefferies, and Piper Sandler maintain positive ratings on Walmart with price targets ranging from $175 to $210.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:47 pm

CENX

Century Aluminum's shares have dropped following the release of their Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:41 pm

SSKN

Strata Skin Sciences' shares have dropped due to a Q2 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:32 pm

HSY

Hershey (NYSE:HSY) has outperformed the market over the past 15 years, producing an average annual return of 11.88%. If an investor had bought $1000 of HSY stock 15 years ago, it would be worth $5,442.34 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:30 pm

DG

Over the past 10 years, Dollar Gen (NYSE:DG) has outperformed the market by 1.7% on an annualized basis, producing an average annual return of 11.92%. If an investor had bought $100 of DG stock 10 years ago, it would be worth $307.85 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:30 pm