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CVNA

DBI

REVG

U.S. stocks traded higher on Thursday, with Carvana, Designer Brands, and REV Group among the big stocks recording gains. Carvana expects adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in Q2. REV Group reported better-than-expected Q2 results and raised its FY23 outlook. Designer Brands surged following its Q1 results.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 2:55 pm

SBGI

Zacks Home Run Investor has picked Sinclair Broadcast Group (SBGI) as a stock to watch, indicating potential growth opportunities.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 2:53 pm

ZS

Zscaler Inc (NASDAQ:ZS) is well-positioned to capitalize on the rising 'zero trust' network architecture trend, according to Oppenheimer analyst Ittai Kidron. He initiated coverage with an Outperform rating and a price target of $180. Zscaler's total addressable market (TAM) is projected to grow at a 20% CAGR to $23.6 billion in 2026.

Portfolio Pulse from Priya Nigam

June 08, 2023 | 2:53 pm

RRGB

Archon Capital Management LLC has increased its stake in Red Robin Gourmet Burgers (RRGB) to 9.6% as of May 30, 2023, according to a 13G SEC filing.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 2:50 pm

TTC

A death cross has formed on Toro's (NYSE:TTC) chart, which could indicate a bearish trend for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a potential change in the long-term trend.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:50 pm

SHW

A golden cross has formed on Sherwin-Williams's (NYSE:SHW) chart, indicating a potential bullish trend for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, suggesting a change in the long-term trend.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:49 pm

CNI

A golden cross has formed on Canadian National Railway's (NYSE:CNI) chart, indicating a potential bullish trend for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, suggesting a change in the long-term trend.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:49 pm

AIU

A golden cross has formed on Meta Data's (NYSE:AIU) chart, which could be a bullish sign for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential change in the long-term trend.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:48 pm

COF

FFIC

FLIC

PNC

SMMF

The article highlights notable value stocks in the financial services sector, including Capital One Finl, Flushing Financial, Summit Finl Gr, PNC Finl Servs Gr, and First of Long Island. Value stocks traditionally have a lower price compared to their industry peers, indicating potential undervaluation. The risk of investing in value stocks is that their undervalued position may not rebound.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:48 pm

SMTC

Semtech (NASDAQ:SMTC) reported Q1 sales of $236.54 million and an overall loss of $29.42 million. The company posted a negative Return on Capital Employed (ROCE) of -0.04%, suggesting inefficient capital allocation. However, Q1 earnings per share beat analyst predictions.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 2:47 pm