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CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares are trading higher on Friday, continuing the stock's upward momentum from recent sessions. This follows the company's announcement of a 170% quarter-over-quarter increase in its Bitcoin holdings. Shares of CLSK are up more than 40% over the past five trading sessions and up more than 145% higher over the last three months.

Portfolio Pulse from Erica Kollmann

July 07, 2023 | 4:43 pm

PLTR

Shares of Palantir Technologies Inc (NYSE:PLTR) are trading higher by 4.0% to $15.74 during Friday's session, rebounding from Thursday's weakness. The rise is attributed to better-than-expected U.S. jobs data and the likelihood of more rate hikes as stated by Dallas Fed president Logan. The company's shares have also surged by 145% on a year-to-date basis amid strength in AI-related stocks.

Portfolio Pulse from Henry Khederian

July 07, 2023 | 4:43 pm

NVDA

Tigress Financial Partners analyst Ivan Feinseth reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) and raised the price target from $320 to $560. Nvidia is emerging as a core holding in the generative AI investment theme and is expected to benefit from the projected $1 trillion worth of global data infrastructure spending transitioning to accelerated computing. The company's Q1 results showed strong revenue growth, with the Data Center segment achieving record revenue of $4.28 billion, up 14% YoY. Nvidia's forecasted growth includes a 107.43% increase in net sales revenue to $53.68 billion and a 131.19% increase in economic operating cash flow to $33.15 billion over the next twelve months.

Portfolio Pulse from Anusuya Lahiri

July 07, 2023 | 4:42 pm

LEVI

Levi Strauss & Co. (NYSE:LEVI) shares are trading lower after the company reported a Q2 margin decline and issued soft 2023 EPS guidance. The company reported a 9% decrease in net revenues, with wholesale net revenues decreasing by 22%. Adjusted diluted EPS is now projected between $1.10 to $1.20, down from $1.30 to $1.40. The stock is moving lower on high volume, with over 8.8 million shares traded compared to the 100-day average of 2.5 million shares.

Portfolio Pulse from Erica Kollmann

July 07, 2023 | 4:35 pm

VZ

A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $25.0 to $60.0 for Verizon Communications over the last 3 months. The price of VZ is down -0.58% at $36.27.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 4:33 pm

MELI

A significant investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $1000.0 to $1400.0 for MercadoLibre over the last 3 months. The price of MELI is up 1.46% at $1170.47. Citigroup has maintained their Buy rating on MercadoLibre, with a price target of $1500.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 4:32 pm

ASML

ASML Holding (NASDAQ:ASML) has outperformed the market over the past 15 years, producing an average annual return of 23.49%. An investment of $1000 in ASML stock 15 years ago would be worth $23,905.65 today. The company currently has a market capitalization of $277.84 billion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 4:30 pm

ANSS

Ansys (NASDAQ:ANSS) has outperformed the market over the past 20 years, producing an average annual return of 19.9%. If an investor had bought $100 of ANSS stock 20 years ago, it would be worth $3,830.30 today. The company currently has a market capitalization of $27.88 billion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 4:30 pm

ALE

Guggenheim analyst Shahriar Pourreza has maintained a 'Sell' rating on ALLETE (NYSE:ALE) and lowered the price target from $54 to $49.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 4:27 pm

BECN

Beacon Roofing Supply Inc (NASDAQ:BECN) has provided preliminary results for Q2 2023 and revised its 2023 outlook. The company plans to buy back 400,000 Series A Preferred shares from CD&R for $804.5 million, with the transaction expected to close by August 11, 2023. Q2 net sales are expected to be around $2.5 billion, with gross margins of about 25.4%. The company does not expect significant open market repurchases of common stock in the remainder of 2023. BECN shares are trading higher by 2.67% at $83.02.

Portfolio Pulse from Lekha Gupta

July 07, 2023 | 4:22 pm