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CPRI

Capri Holdings Limited (NYSE:CPRI) is expected to report a sharp decline in its Q1 fiscal 2024 earnings on Aug. 10, 2023. Analysts predict earnings of 71 cents per share, down from $1.5 per share in the previous year, and revenue of $1.2 billion, down from $1.36 billion. Meanwhile, Tapestry is reportedly nearing a deal to acquire Capri Holdings. The company's shares fell 1.7% to close at $34.61 on Wednesday. Several analysts have recently downgraded the stock and cut their price targets.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 6:26 am

AAPL

Apple Inc. has won a significant legal victory as the Supreme Court ruled in favor of the company's anti-steering rules, which prevent app developers from directing consumers to alternate payment methods. The ruling will allow Apple to maintain its App Store revenue and reduces the chances of forced changes to App Store policy or rate reductions in the future. Apple's stock ended Wednesday's session down 0.90% at $178.19 but rose 0.13% to $178.43 in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

August 10, 2023 | 6:16 am

BABA

NWSA

PENN

RBLX

USFD

Investor sentiment in the US has declined ahead of fresh inflation data, with US stocks closing lower on Wednesday. PENN Entertainment shares gained over 9% after reporting better-than-expected Q2 results and announcing an exclusive US online sports betting agreement with ESPN. Roblox Corporation shares dipped around 22% after reporting worse-than-expected Q2 results. Investors are awaiting earnings results from US Foods Holding Corp., Alibaba Group Holding Limited, and News Corporation.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 6:15 am

BXSL

Blackstone Secured Lending Fund (BXSL) has priced its public offering of 6.5 million common shares at $27.33 per share, raising $177.6 million.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:12 am

VCXB

Clinical stage gene therapy company, Addimmune, is set to go public through a business combination with SPAC 10x Capital Venture Acquisition Corp. III (VCXB).

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:55 am

JNJ

KVUE

Kenvue (KVUE) will be included in the S&P 500 following the completion of an exchange offer by Johnson & Johnson (JNJ).

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:48 am

FSM

Fortuna Silver Mines (NYSE:FSM) reported Q2 earnings of $0.01 per share, missing the analyst consensus estimate of $0.04 by 75%. The company also reported quarterly sales of $158.40 million, missing the analyst consensus estimate of $170.70 million by 7.21%. This represents a 5.66% decrease over sales of $167.90 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 5:39 am

DIS

Disney's streaming platform in India, Disney+ Hotstar, has lost 12.5 million subscribers in the recent quarter, marking its third consecutive dip. The platform has lost around 21 million subscribers since October 2022. This is largely due to the loss of cricket content, particularly the IPL, to Viacom18, supported by Mukesh Ambani's Reliance Industries. There are rumors that Disney is considering a sale or a potential joint venture in India.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 10, 2023 | 5:35 am

DOGEUSD

An unknown wallet transferred 67.81 million Dogecoin (CRYPTO: DOGE) worth over $5 million to the cryptocurrency exchange, Coinbase. The intentions behind this transfer are unknown, but it raises the possibility of a whale dump, which could lead to market fluctuations. This development occurs amidst a legal battle between Elon Musk, the CEO of Tesla, and a group of disgruntled Dogecoin investors.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 5:26 am

BTC-USD

In a recent podcast, Joe Rogan and musician Post Malone expressed strong opposition to central bank digital currencies (CBDCs), voicing concerns about potential implementation of a social credit score system linked to CBDCs. This comes amid growing opposition to CBDCs, with Republican presidential candidate and Florida Governor Ron DeSantis criticizing the Biden Administration's approach to cryptocurrencies. At the time of writing, Bitcoin was trading at $29,568.83, down 2.50% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 4:38 am