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LTCH

Latch, Inc. has informed Nasdaq that it does not expect to meet the deadline for filing delinquent financial reports. As a result, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

NVRO

Nevro Corp reported Q2 FY23 revenue of $108.8 million, missing the management guidance and consensus. The company expects Q3 revenues to be down 4%-6% Y/Y, below the consensus. Nevro's FY23 sales are expected to be approximately $410 million-$415 million, compared to previous guidance of $445 million-$455 million. JMP Securities analysts cut the price target for NVRO from $75 to $40. NVRO shares are down 18.90% at $20.01.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:57 am

RAD

Rite Aid's stock is trading higher in sympathy with CVS, following CVS's better-than-expected Q2 financial results and FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

ROK

Rockwell Automation's (NYSE:ROK) short percent of float has risen 7.52% since its last report, with 3.33 million shares sold short, which is 3.29% of all regular shares available for trading. It would take traders 6.33 days to cover their short positions on average. The company's short interest is less than its peer group average of 11.41%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:57 am

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is set to release its Q2 earnings, with investors and analysts focusing on the company's AI initiatives and AWS growth. The company is expected to report earnings of 35 cents per share on revenues of $131.49 billion. AWS' growth rate slowed down from 36.5% in Q2 2022 to 15.8% in Q1 2023. Analysts have mixed views on the stock's potential, with some seeing limited upside despite a solid Q2 beat.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 11:57 am

ADBE

Adobe's (NYSE:ADBE) short percent of float has risen 5.32% since its last report, with 4.50 million shares sold short, which is 0.99% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. Adobe's peer group average for short interest as a percentage of float is 3.38%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:57 am

TCS

Container Store reported worse-than-expected Q1 financial results, leading to a drop in its share price. Lake Street also downgraded the stock from Buy to Hold and lowered its price target from $5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am

MTCH

Match Group Inc (NASDAQ:MTCH) reported Q2 earnings of 48 cents per share, beating estimates of 45 cents. Total revenues were around $830 million, a 4% increase, ahead of the $811 million consensus estimate. The company raised its Q3 outlook, expecting revenues between $875 million and $885 million. Analysts from KeyBanc, RBC, and Truist gave positive feedback on the earnings report, highlighting the performance of Tinder and Hinge.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 11:57 am

ADMP

CMBM

DRVN

KHC

VRT

WAVD

The Nasdaq Composite fell over 300 points, with U.S. stocks trading lower. Fitch Ratings downgraded the United States’ sovereign credit grade from AAA to AA+. The Kraft Heinz Company reported better-than-expected earnings for its second quarter, while sales missed estimates. WaveDancer, Inc., T Stamp Inc., and Vertiv Holdings Co posted positive results, while Adamis Pharmaceuticals Corporation, Cambium Networks Corporation, and Driven Brands Holdings Inc. reported negative results.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:57 am

BG

Bunge Ltd's shares are trading higher after the company reported better-than-expected Q2 earnings per share (EPS). Additionally, Bunge raised its full-year 2023 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:57 am