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PSFE

Top analysts from RBC Capital, Susquehanna, BMO Capital, and Credit Suisse have given mixed signals on Paysafe Ltd (NYSE:PSFE). While RBC Capital and Susquehanna maintained their ratings and raised their price targets, BMO Capital lowered its price target despite maintaining its rating. Credit Suisse reiterated Paysafe as an Underperform and raised the price target. The analysts acknowledged Paysafe's growth trajectory, improved retention rates, and steady growth in engagement. However, PSFE shares were trading lower by 5.29% at $13.87 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 7:28 pm

SNAP

Snap Inc. (NYSE:SNAP) shares are trading lower after the company's MyAI chatbot experienced an outage and posted stories for some users. The stock was up nearly 50% from the beginning of the year in mid-July, but third-quarter earnings results sent the stock lower. SNAP remains up 3.01% year-to-date.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 7:24 pm

WMT

Walmart Inc. (NYSE:WMT) shares were volatile on Wednesday, ahead of its Q2 earnings report due on Aug. 17. The company is expected to report earnings of $1.70 per share and revenue of $160.19 billion. This follows better-than-expected financial results from Target, which could indicate a positive trend for the larger retail industry. Walmart's stock is up 12.34% year-to-date.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 7:22 pm

INTC

TSEM

Intel Corporation (NASDAQ:INTC) and Tower Semiconductor (NASDAQ:TSEM) have terminated their pending merger agreement due to failure to secure necessary regulatory approvals. Despite this, Intel's CEO expressed positive sentiment towards Tower and the possibility of future collaborations. Intel's stock price fell by 2.56% following the news.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 7:19 pm

UAVS

AgEagle Aerial Systems reported a year-over-year decrease in Q2 revenue results, leading to a drop in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:16 pm

HUBC

Hub Cyber Security reported its FY22 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:15 pm

HRB

H & R Block Inc (NYSE:HRB) shares gained as much as 11% after the company issued upbeat Q2 earnings and increased its dividend by 10%. The company reported strong revenue growth, substantial EBITDA growth, and a 9% increase in adjusted EPS. Positive customer feedback, growth in its Small Business sector, and efficient implementation of the “Block Horizons” strategy also contributed to the year’s accomplishments.

Portfolio Pulse from AJ Fabino

August 16, 2023 | 7:14 pm

MULN

Mullen Automotive (NASDAQ:MULN) has debuted the ultra-high-performance Mullen FIVE RS EV Crossover, which has a top speed of 200 mph and acceleration from 0-60 mph in under 2 seconds. The vehicle will be featured on the upcoming Strikingly Different EV tour. Mullen also implemented a 1-for-9 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. MULN shares are currently trading lower by 2.2%.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 7:12 pm

TSHA

Taysha Gene Therapies' shares are trading lower after Canaccord Genuity maintained a Buy rating on the stock but lowered its price target from $13 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:10 pm

ARHS

Arhaus, Inc. (NASDAQ:ARHS) may face near-term pressure due to a secondary offering of 12 million shares by its private equity sponsor, Freeman & Spogli, reducing their holding from 22% to 13%. This follows a strong 2Q23 report, with demand trends outpacing peers and benefiting from product introductions, marketing, and lower ocean freight costs. The company's outlook for 2H23 suggests potential upside to sales and EBITDA projections. In 2024, Arhaus is expected to benefit from 11 new stores opening in 2023. However, ARHS shares are currently trading lower by 16.4%.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2023 | 7:05 pm