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HAS

MAT

LEGO has secured a $2 million contract from the Department of Defense for its robotics education program. The program allows students to learn about robotics and coding at an early age. While LEGO is privately owned, exposure to the expanding toy industry can be gained through publicly traded companies like Mattel Inc (NASDAQ:MAT) and Hasbro, Inc (NASDAQ:HAS). Mattel’s stock has risen by about 20% in the last month, while Hasbro’s stock has not performed as well.

Portfolio Pulse from Aaron Bry

July 21, 2023 | 7:54 pm

SPY

The market on close imbalance is leaning towards the sell-side with $390 million. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:51 pm

ORLY

O'Reilly Automotive Inc.'s (NASDAQ:ORLY) stock is currently trading at $957.04, after a 0.51% increase. Over the past month, the stock has risen by 3.49%, and over the past year, it has increased by 39.67%. The company's P/E ratio of 27.56 is higher than the Specialty Retail industry's aggregate P/E ratio of 19.33, which could indicate that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:45 pm

PFBC

Stephens analyst Andrew Terrell reiterated an Overweight rating on Preferred Bank (NASDAQ:PFBC), raising the price target to $68 from $64. PFBC's Q2 earnings beat estimates, and despite NIB outflows exceeding anticipations, Terrell remains optimistic. The analyst expects tepid loan growth in the near term due to the company's selectivity on new credits and a broader slowdown in borrower demand. The company's near-term capital focus is expected to remain on buybacks, with ~$100mm incorporated in estimates. Terrell raised 2023 and 2024 Op. EPS estimates to $10.57 and $9.74 respectively.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 7:37 pm

ENVX

TD Cowen has downgraded Enovix's stock from Outperform to Market Perform, but increased its price target from $19 to $20. This has resulted in Enovix shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 7:35 pm

ARGX

A significant bullish stance has been taken on argenx (NASDAQ:ARGX) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. The price of ARGX is up 2.58% at $548.77. Citigroup, Raymond James, and Morgan Stanley have maintained their positive ratings on argenx, while HC Wainwright & Co. and Evercore ISI Group have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:34 pm

SPY

The market on close imbalance is leaning towards the sell-side with $136M. This indicates a potential downward pressure on stock prices at the close of the market.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:32 pm

VST

Morgan Stanley has maintained an Overweight rating on Vistra's stock and increased its price target from $32 to $33. This has led to a rise in Vistra's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 7:31 pm

ZBH

Zimmer Biomet Holdings Inc. (NYSE:ZBH) has seen its shares rise by 2.50% over the past three months. The company's total debt stands at $5.79 billion, with net debt at $5.46 billion after adjusting for cash equivalents. The debt ratio of the company is 0.27, indicating a moderate level of financial leverage. Debt is a crucial factor in a company's capital structure and can impact its growth and cash flow.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:15 pm

HOMB

Stephens analyst Matt Olney reiterated an Overweight rating on Home BancShares, Inc. (HOMB) and raised the price target to $27 from $26. The 2Q23 results were in line with consensus forecasts, driven by solid core fees and lower LLP expenses. However, NII was soft due to loan balance contraction and deposit remix headwinds. The 2023 Op EPS was increased from $1.97 to $1.99, while the 2024 EPS forecast was lowered from $1.80 to $1.78. The company is expected to remain conservative with new originations and forecasts modest loan growth contraction in 2H23.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 7:08 pm