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IMPP

Imperial Petroleum has reported its Q2 financial results, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:10 pm

BSAQ

Trading of Black Spade Acquisition (BSAQ) shares has resumed.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 5:07 pm

CPRI

LULU

TPR

Tapestry, Inc. (TPR) is set to acquire Capri Holdings, Ltd. (CPRI) for approximately $8.5 billion. This news has sparked interest in luxury fashion brands and increased hopes of additional mergers and acquisitions within the apparel and luxury goods sector. Lululemon Athletica, Inc. (LULU) shares are trading higher following the announcement.

Portfolio Pulse from Erica Kollmann

August 10, 2023 | 5:04 pm

SMCI

Susquehanna analyst Mehdi Hosseini has reiterated a Neutral rating on Super Micro Computer, Inc. (SMCI), raising the price target to $300 from $90. The company recently reported better-than-expected Q4 earnings, with net sales of $2.18 billion. About 52% of its Q4 revenue was from AI. The company is also benefiting from strategic partnerships with crucial Cloud/Enterprise solution providers. However, Hosseini warns of looming concerns in a competitive industry.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 5:04 pm

BRDS

Bird Global reported worse-than-expected Q2 revenue results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:03 pm

TASK

RBC Capital Markets analyst Daniel R. Perlin downgraded TaskUs Inc (NASDAQ:TASK) to Sector Perform from Outperform and lowered the price target to $16 from $21. The downgrade follows TaskUs's Q2 FY23 results and lower than expected Q3 and FY23 revenue guidance. TaskUs's shares are trading lower by 12.2% at $10.52.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 5:02 pm

LVO

LiveOne reported its Q1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:01 pm

BSAQ

Shares of Black Spade Acquisition (BSAQ) were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 45.6%.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 5:01 pm

WEN

Over the past 3 months, 13 analysts have published their opinion on Wendy's (NASDAQ:WEN) stock. The company has an average price target of $24.81, a decrease of 5.49% from the previous average price target of $26.25. The ratings are derived from company conference calls, financial statements, and insider conversations.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:01 pm

BMY

NNN

TOST

CNBC's Halftime Report discussed final trades including Bristol-Myers Squibb (BMY), NNN REIT (NNN), and Toast (TOST).

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 5:01 pm