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APP

EDBL

LI

Edible Garden AG (EDBL) and AppLovin (APP) both beat their Q2 EPS and sales estimates, with EDBL's EPS at $(0.24) against an estimate of $(0.90) and sales at $4.22M against $3.66M, and APP's EPS at $0.22 against $0.07 and sales at $750.16M against $724.27M. Barclays maintains an overweight rating on Li Auto (LI) and raises its price target to $48.

Portfolio Pulse from ryanfaloona@benzinga.com

August 10, 2023 | 12:36 pm

DIA

IWM

QQQ

SPY

TLT

The article discusses the seasonal summer selloff in the stock market, which is right on schedule. It mentions that there is no evidence yet to support that the bottom of this dip is in. The SPY (NYSE:SPY) has rallied back up to the declining 5-day moving average and then sold. The QQQ (NASDAQ:QQQ) is testing its 50-day MA after finding a recent high a little sooner and has come down a little further than SPY. The IWM (NYSE:IWM) is testing the support/resistance zone and the VWAP anchored to the all-time high. The DIA (NYSE:DIA) has been a benefit of buying rotation to industrials lately, which has helped it stay above the 21-day MA until today. The TLT (NASDAQ:TLT) Bonds and interest rate yields continue to be a market focus.

Portfolio Pulse from Andrew Moss

August 10, 2023 | 12:36 pm

ARMK

Aramark has announced the pricing of a secondary offering of its common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:35 pm

BWAQ

Vietnam Sunergy Cell Company Limited (TOYO Solar) and Blue World Acquisition Corporation (NASDAQ:BWAQ) have announced a definitive business combination agreement. Post the transaction, Blue World will merge into a wholly owned subsidiary of TOYO Solar's parent company, TOYO Co., Ltd, which will be the holding company of the combined entity and be listed on Nasdaq. The transaction has been approved by the directors and shareholders of both companies and is expected to close in H1 2024, subject to regulatory approvals.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 12:35 pm

RBLX

Roblox shares are trading higher following an upgrade from Morgan Stanley. The firm upgraded the stock from Underweight to Equal-Weight and raised its price target from $26 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:35 pm

LVO

LiveOne (NASDAQ:LVO) reported Q1 losses of $(0.01) per share, meeting analyst consensus. This is a 150% decrease from last year's earnings. The company's quarterly sales were $27.77M, missing the analyst consensus of $27.82M by 0.18%. However, this is a 19.58% increase from last year's sales.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:34 pm

WYNN

Wynn Resorts reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:34 pm

FAMI

Farmmi, Inc. (NASDAQ:FAMI), a Chinese agriculture products supplier, has announced a new order for shipment to Toronto, Canada. The order includes the company's high-quality dried and sliced mushrooms. The company's CEO, Yefang Zhang, expressed optimism for the second half of the year, citing the rising recognition of their nutrient-rich agricultural products and their appeal to health-conscious consumers.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 12:33 pm

RBOT

TCS

XERS

Insiders at The Container Store Group, Xeris Biopharma Holdings, and Vicarious Surgical have recently made significant purchases of their companies' stocks. The Container Store Group's COO acquired 5,000 shares, Xeris Biopharma's Director bought 10,000 shares, and Vicarious Surgical's 10% owner purchased 8,000,000 shares. These purchases come after financial results that were worse than expected for The Container Store and Xeris Biopharma, and a new public offering for Vicarious Surgical.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 12:33 pm

LI

Barclays has maintained an Overweight rating on Li Auto and raised its price target from $34 to $48. This has resulted in Li Auto shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 12:32 pm