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APO

YELL

Yellow Corporation is ceasing operations and filing for bankruptcy, with Apollo reportedly leading a bankruptcy loan deal. This has led to a decrease in Yellow Corporation's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:02 pm

SHOP

Shopify Inc. (NYSE:SHOP) shares are trading lower amid overall market weakness after Fitch downgraded the US sovereign credit grade. The downgrade has driven a sell-off in growth sectors such as tech and could create a challenging environment for companies to grow in the future. Shopify is set to report Q2 earnings after the market close, with expected earnings of six cents per share and revenue of $1.62 billion.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 12:02 pm

ARKW

EMQQ

TAN

UNG

A screening of small-cap ETFs revealed ARK Next Generation Internet ETF (ARKW) and EMQQ Emerging Markets Internet & Ecommerce ETF (EMQQ) as winners with 5.28% and 4.76% weekly returns respectively. Losers included United States Natural Gas Fund LP (UNG) and Invesco Solar ETF (TAN) with weekly losses of 5.72% and 5.60% respectively. ARKW's largest holdings are Roku, Inc. (ROKU) and Coinbase Global, Inc. (COIN), while EMQQ's are PDD Holdings Inc. (PDD) and Alibaba Group Holding Limited. UNG and TAN track natural gas prices and the solar energy industry respectively.

Portfolio Pulse from Johnny Rice

August 04, 2023 | 12:02 pm

AAPL

Apple Inc. (AAPL) shares are experiencing a sell-off ahead of the company's Q3 earnings release, due to Fitch's downgrade of the US sovereign rating. Analysts from JPMorgan, Wedbush, and Morgan Stanley maintain positive ratings and expect the earnings report to drive the stock higher. JPMorgan analyst Samik Chatterjee issued a 2024 price target of $235, up from his 2023 price target of $190. Wedbush analyst Daniel Ives and Morgan Stanley analyst Erik Woodring both have a 12-month price target of $220.

Portfolio Pulse from Shanthi Rexaline

August 04, 2023 | 12:01 pm

COHN

Cohen & Company reported a year-over-year increase in Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:01 pm

CZOO

Goldman Sachs has maintained a Neutral rating on Cazoo Group's stock and lowered its price target from $3.2 to $2.74. This has led to a decrease in the trading price of Cazoo Group shares.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:01 pm

TRVG

trivago NV (NASDAQ:TRVG) reported Q2 FY23 results, missing consensus estimates for both EPS and sales. The company's revenue fell 14% Y/Y, with referral revenue decreasing 13% Y/Y. Factors such as lower monetization, shorter length of users’ booked stays, and foreign exchange rate effects negatively impacted the financial performance. The company's Return on Advertising Spend (RAOS) and Adjusted EBITDA also declined. Following the announcement, TRVG shares fell 10.50%.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 12:01 pm

AMN

AMN Healthcare Services (NYSE:AMN) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $2.14. The company's past performance shows a pattern of beating EPS estimates, which often leads to an increase in share price. However, the stock has seen a 0.95% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:01 pm

BGFV

Big 5 Sporting Goods reported lower than expected Q2 revenue results, leading to a drop in its share price. Lake Street also downgraded the stock from Buy to Hold and set a price target of $9.5.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:01 pm

PRTS

CarParts.com reported Q2 financial results, which led to a decrease in its share price. RBC Capital maintained an Outperform rating on the stock but lowered its price target from $9 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:01 pm