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USFD

US Foods Holding Corp (USFD) reported Q2 2023 sales growth of 2.1% Y/Y to $9.01 billion, missing the consensus of $9.34 billion. Adjusted gross profit increased 8.8% Y/Y to $1.6 billion. Adjusted EBITDA grew 17.4% Y/Y to $432 million. The company repurchased 4.2 million shares worth $166 million in the quarter. US Foods revised the outlook for adjusted EPS to $2.55-$2.65 from $2.45 - $2.65 and raised adjusted EBITDA to $1.51 billion-$1.54 billion from $1.45 billion- $1.51 billion.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 2:18 pm

GILD

Gilead Sciences's (NYSE:GILD) short percent of float has risen 6.96% since its last report, with 18.84 million shares sold short. This represents 1.69% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment towards a stock. However, Gilead Sciences's short interest as a percentage of float is less than its peer group average of 3.18%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:15 pm

DASH

DoorDash's (NYSE:DASH) short percent of float has fallen 11.61% since its last report, with 14.94 million shares sold short, which is 4.11% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards DoorDash. Compared to its peers, DoorDash has less short interest, with an average of 8.23% for its peer group.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:15 pm

BBVA

BBVA's short percent of float has fallen 16.67% since its last report, with 3.15 million shares sold short, which is 0.05% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. BBVA's short interest as a percentage of float is 0.96%, lower than most of its peers.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:15 pm

BSAQ

Black Spade Acquisition Co has announced its intention to voluntarily delist from NYSE American LLC, conditional upon the consummation of its pending business combination with VinFast Auto Ltd. Post the business combination, the company will become a wholly owned subsidiary of VinFast, and VinFast's ordinary shares and warrants are expected to be traded on the Nasdaq Stock Market LLC. Trading of VinFast's ordinary shares and warrants is expected to begin on Nasdaq around August 15, 2023, under the symbols 'VFS' and 'VFSWW'.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:14 pm

YETI

YETI Holdings, Inc. reported Q2 2023 sales of $402.56 million, a 4% decrease Y/Y, missing the consensus of $411.64 million. The company's adjusted EPS of 0.57 beat the street estimate of $0.47. Despite lower sales, YETI raised its FY23 adjusted EPS outlook to $2.23-$2.32, up from the previous view of $2.12-$2.23. The company also increased its FY23 sales growth outlook to 4%-5%. Following the announcement, YETI shares surged 19.5%.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 2:08 pm

AAPL

META

MSFT

QQQ

SPY

TSLA

Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, and TSLA. The memo provides price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential bullish and bearish scenarios for each asset and recommends traders to stay alert and adjust their tactics based on the market's pulse.

Portfolio Pulse from RIPS

August 10, 2023 | 2:06 pm

BABA

BIDU

JD

PD

PDD

TCOM

TME

Chinese stocks are experiencing a surge in trading following strong Q1 results from Alibaba. This has potentially influenced the performance of other Chinese stocks such as BIDU, JD, PD, PDD, TCOM, TME.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 2:05 pm

ITRM

Iterum Therapeutics (NASDAQ:ITRM) is set to release its latest quarterly earnings report on August 11, 2023. Analysts estimate an earnings per share (EPS) of $-0.80. The company's past performance shows a mixed trend in EPS and price change. The stock was trading at $1.02 as of August 09, with a 52-week return of -74.88%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:02 pm

ADN

Advent Technologies Hldgs (NASDAQ:ADN) is set to release its latest quarterly earnings report on Friday, 2023-08-11. Analysts estimate an earnings per share (EPS) of $-0.17. The company's past performance shows a mix of negative and positive price changes post-earnings release. The stock is currently trading at $0.7709, down 75.04% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:02 pm