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TITN

Titan Machinery Inc's shares surged by 12% following better-than-expected Q2 FY24 results. The company reported a 29.4% Y/Y revenue growth to $642.57 million, surpassing the consensus of $602.41 million. EPS was $1.38, beating the consensus of $1.17. The company also announced the acquisition of J.J. O'Connor & Sons Pty. Ltd. for $63 million in cash. Titan Machinery reiterated its FY24 outlook, expecting EPS of $4.60 - $5.25 against the consensus of $4.90.

Portfolio Pulse from Lekha Gupta

August 31, 2023 | 2:36 pm

Lands' End Inc (NASDAQ:LE) reported a Q2 FY23 sales decline of 7.9% YoY to $323.3 million, missing the analyst consensus estimate of $328.2 million. The company's global eCommerce revenue decreased 8.7% YoY to $218.7 million. The company also reported a gloomy Q3 outlook, with projected sales of $340 million - $355 million against an estimate of $390 million. Following the announcement, LE shares fell by 21.3%.

Portfolio Pulse from Shivani Kumaresan

August 31, 2023 | 2:36 pm

AAPL

AMZN

CRM

GOOG

META

MSFT

NVDA

TSLA

UBS

The stock market has quickly recovered most of August losses in the last five trading sessions. Salesforce Inc (NYSE:CRM) reported better than expected earnings, contributing to the rise in DJIA. Personal income is falling but personal spending is rising, which could impact the U.S. economy. UBS Group AG (NYSE:UBS) is reporting a record $29B profit and plans to layoff 3,000 people to generate $10B in cost savings by 2026. Positive money flows are seen in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), and NVIDIA Corp (NASDAQ:NVDA), while negative flows are seen in Tesla Inc (NASDAQ:TSLA) and Microsoft Corp (NASDAQ:MSFT).

Portfolio Pulse from The Arora Report

August 31, 2023 | 2:34 pm

SPY

UNG

USO

The USA Natural Gas Storage reported a figure of 32B, which is higher than the estimated 25B and the prior figure of 18B.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:33 pm

SLB

A significant amount of unusual options activity has been observed for Schlumberger Limited (NYSE:SLB), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $52.5 to $70.0 for SLB over the last 3 months. UBS has maintained their Buy rating on SLB, with a price target of $73.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 2:32 pm

MESO

Mesoblast Limited reported better-than-expected FY23 EPS results, leading to a rise in its share prices. The stock was also upgraded from Hold to Buy by Jefferies.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:31 pm

NSC

Norfolk Southern (NYSE:NSC) has outperformed the market over the past 20 years, producing an average annual return of 14.91%. If an investor had bought $1000 of NSC stock 20 years ago, it would be worth $16,046.60 today. The company currently has a market capitalization of $47.16 billion.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 2:30 pm

ITW

Illinois Tool Works (NYSE:ITW) has outperformed the market over the past 20 years by 2.46% on an annualized basis, producing an average annual return of 10.14%. If an investor had bought $100 of ITW stock 20 years ago, it would be worth $685.19 today.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 2:30 pm

ADMA

ADMA Biologics shares are trading higher after a company director purchased 130K shares.

Portfolio Pulse from Bill Haddad

August 31, 2023 | 2:28 pm

MSOS

AdvisorShares Pure US Cannabis ETF (NASDAQ:MSOS) shares are trading higher by 7.3% amid strength in the broader cannabis sector. This follows a report suggesting the Department of Health and Human Services (HHS) has called for moving marijuana to a lower-risk drug category. The recommendation is informed by an FDA evaluation of marijuana's classification.

Portfolio Pulse from Henry Khederian

August 31, 2023 | 2:28 pm