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AEO

AJG

ANET

COIN

MPWR

SILC

WFC

Several analyst forecasts were released on Tuesday, with price target changes for Silicom Ltd., Arista Networks, Arthur J. Gallagher & Co., American Eagle Outfitters, Coinbase Global, RH, The Goldman Sachs Group, The Estée Lauder Companies, Monolithic Power Systems, Wells Fargo & Company, and Ford Motor Company. Most of the companies saw their price targets raised, with the exception of Silicom and The Estée Lauder Companies, which saw their targets cut.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 12:08 pm

HSY

KMB

KVUE

The article lists Kimberly-Clark Corporation (KMB), Kenvue Inc. (KVUE), and The Hershey Company (HSY) as the top 3 oversold stocks in the consumer staples sector, presenting an opportunity for investors. All three companies have reported their Q2 FY23 results, with KMB and HSY missing analyst consensus estimates, while KVUE posted better-than-expected results. Despite this, all three stocks saw a decline in their share prices.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 12:07 pm

VMAR

Vision Marine Technologies (NASDAQ:VMAR) has entered into an agreement with investors for the issuance and sale of 493,832 of its common shares at $4.05 per share, raising approximately $2 million. In a concurrent private placement, the company will issue warrants to purchase up to 493,832 common shares at the same price. The offering is expected to close on August 2, 2023.

Portfolio Pulse from Charles Gross

August 01, 2023 | 12:07 pm

SXC

SunCoke Energy has reaffirmed its FY23 guidance, expecting a net income of $59M-$76M, adjusted EBITDA of $250M-$265M, and domestic coke total production of approximately 4M tons. The company also projects capital expenditures of about $95M, operating cash flow between $200M-$215M, and cash taxes between $12M-$16M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 12:05 pm

SYM

William Blair analyst Ross Sparenblek has downgraded Symbotic (NASDAQ:SYM) from Outperform to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

August 01, 2023 | 12:03 pm

BTCUSD

An episode of 'The Simpsons' aired in April 2021 hinted at the infinite future of Bitcoin (CRYPTO: BTC), sparking speculation among fans and enthusiasts. The episode showed Bitcoin priced at infinity, suggesting a bullish sentiment toward digital assets. If one had invested $100 in Bitcoin when the episode aired, they would yield a profit of $107.22 or 107.22% on the initial investment, with a total exit amount of $207.22. Bitcoin was trading at $59,950 when the episode aired, and its current trading price is $28,930.

Portfolio Pulse from Mehab Qureshi

August 01, 2023 | 12:02 pm

SWK

Stanley Black & Decker Inc (NYSE:SWK) reported a 5% YoY sales decline in Q2 FY23 to $4.20 billion, beating the analyst consensus. The decrease was driven by lower Consumer Outdoor and DIY volume and the Oil & Gas Business sale. The company's gross margin contracted to 22.4%, and the gross profit decreased 22.7% to $932.1 million. Adjusted EPS of $(0.11) beat the analyst consensus. The company held $395.9 million in cash and equivalents as of July 1, 2023. The company narrowed its FY23 adjusted EPS outlook from $0.00 - $2.00 to $0.70 - $1.30.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 12:01 pm

HRMY

Harmony Biosciences Holdings, Inc. (NASDAQ:HRMY) has authorized a repurchase of up to $125M of its common stock. The timing and amount of the repurchase will be based on various factors, including the capital needs of the business and alternative investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:56 am

SEAS

SeaWorld Entertainment has reported its preliminary Q2 results, expecting total revenues to be between $494M and $497M, which is lower than the $504.8M reported last year and below the consensus estimate of $518.25M.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:55 am

HRMY

Harmony Biosciences (NASDAQ:HRMY) reported Q2 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.62 by 22.58%. However, the company's quarterly sales of $134.22 million missed the analyst consensus estimate of $139.79 million by 3.99%. The earnings and sales represent a 33.33% and 25.40% increase respectively from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 11:52 am