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RBLX

Roblox Corp's Investor Day has sparked optimism among analysts, with several reiterating or upgrading their ratings and price targets based on the company's projected bookings growth, margin expansion, and advertising business potential. Piper Sandler raised the price target from $50 to $52, while other analysts from firms like Oppenheimer, Needham, Benchmark, Morgan Stanley, Citi, and Raymond James provided positive outlooks and price targets ranging from $30 to $52. Despite the positive analyst sentiment, RBLX shares traded lower by 4.48% at $37.98.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 6:48 pm

BBD

Bank Bradesco Inc. (NYSE:BBD) stock has seen a 0.64% increase in the current session, trading at $3.14, with a 10.21% increase over the past month and a 9.83% increase over the past year. The company's P/E ratio of 12.98 is slightly lower than the industry average of 13.12, which could indicate that the stock is undervalued or that shareholders have lower growth expectations.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:45 pm

KEN

Trading in shares of Kenon Holdings has been temporarily halted pending the release of news. Investors are awaiting the announcement, which could significantly impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:43 pm

TSLA

Tesla Inc (NASDAQ:TSLA) stock is down 3.2% to $235.06 amid a broader pullback after recent gains. The stock rose earlier in the week due to softer-than-expected October CPI data, which could boost consumer spending and benefit Tesla's sales. Lower inflation may also help Tesla by keeping material costs down, potentially improving profit margins. Tesla's 52-week range is between $101.81 and $299.29.

Portfolio Pulse from Henry Khederian

November 16, 2023 | 6:38 pm

FSLY

Fastly, Inc. (NASDAQ:FSLY) shares are trading lower on Thursday despite being up nearly 95% year-to-date. The company reported record revenue in Q3, with sales of $127.82 million, a 17.8% increase year-over-year, and a smaller-than-expected quarterly loss of 6 cents per share. The stock is experiencing heavy trading volume, surpassing its 100-day average, and is a focus for short-sellers and retail investors, with 8.18% of shares sold short.

Portfolio Pulse from Erica Kollmann

November 16, 2023 | 6:37 pm

ELP

Cia Paranaense De Energia (NYSE:ELP) has delivered an average annual return of 21.05% over the past 5 years, outperforming the market by 9.85% annually. A $1000 investment in ELP 5 years ago would be worth $2,537.65 today. The company's current market capitalization stands at $28.37 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:30 pm

APO

Apollo Global Management (NYSE:APO) has delivered an average annual return of 26.9% over the past 5 years, outperforming the market by 15.7% annually. A $1000 investment in APO five years ago would be worth $3,241.44 today. The company's current market capitalization stands at $48.92 billion.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:30 pm

WSM

Williams-Sonoma, Inc (NYSE:WSM) reported Q3 FY23 sales of $1.854 billion, a 15.5% decrease YOY, missing estimates of $1.957 billion. Comparable brand revenue fell 14.6%. Adjusted EPS was $3.66, beating estimates of $3.35. Gross margin expanded to 44.4%, but gross profit dropped 9.7% to $822.6 million. Operating income decreased 7.2% to $315 million. The company has $698.8 million in cash. FY23 revenue is expected to decline 10%-12%, with higher operating margin and EPS. WSM shares rose 4.50% to $168.66.

Portfolio Pulse from Shivani Kumaresan

November 16, 2023 | 6:28 pm

DBCCF

Decibel Cannabis Co Inc (OTCQB:DBCCF) reported a 65% year-over-year growth in net revenue for Q3 2023, reaching CA$30.2 million, driven by demand for vapes and cannabis-infused products. Despite the revenue growth, net income declined sharply to CA$413 thousand from CA$5.2 million in Q3 2022. Adjusted EBITDA increased by 57% to CA$6.7 million. The company faced challenges such as a decrease in gross margin and increased labor costs. Decibel's stock was trading 3.02% lower at $0.1042 per share.

Portfolio Pulse from Patricio Liddle

November 16, 2023 | 6:25 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) shares dropped after initially rising earlier in the week due to Q3 financial results and a renewed share repurchase program. The company reported a reduced net loss and increased sales compared to the same quarter last year. CEO Zach George highlighted SNDL's positive cash flow and the company's focus on profitability and growth. The stock is trading below its 50-day moving average and near its 52-week low.

Portfolio Pulse from Erica Kollmann

November 16, 2023 | 6:16 pm