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ATVI

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 10 years by 8.2% on an annualized basis, producing an average annual return of 18.54%. If an investor had bought $100 of ATVI stock 10 years ago, it would be worth $559.76 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:30 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has outperformed the market over the past 5 years by 23.91% on an annualized basis, producing an average annual return of 32.58%. If an investor had bought $100 of ODFL stock 5 years ago, it would be worth $409.59 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:30 pm

WBD

Warner Bros. Discovery Inc's (WBD) stock is trading lower due to the ongoing SAG-AFTRA and Writers Guild of America (WGA) strikes and the postponement of the release of 'Dune: Part Two'. The strikes are increasing production costs and disrupting the production of films and other content, leading to delays in releasing new content. This impacts the company's ability to generate revenue and meet audience demands, potentially leading to a decline in the stock price.

Portfolio Pulse from Henry Khederian

August 25, 2023 | 6:26 pm

AFRM

ALLG

DOMO

HE

HIBB

YS

U.S. stocks traded higher with the Nasdaq Composite gaining over 100 points. Affirm Holdings (AFRM), YS Biopharma (YS), and Hibbett (HIBB) shares rose significantly due to positive financial results and insider trading. Domo (DOMO) and Allego (ALLG) shares dropped due to below-consensus outlooks and lowered guidance. Hawaiian Electric Industries (HE) shares fell due to a lawsuit and dividend suspension.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 6:22 pm

FL

HIBB

Hibbett, Inc. reported a Q2 FY23 sales decline of 4.6% YoY to $374.88 million, missing the analyst consensus. However, Telsey Advisory Group analyst Cristina Fernandez reiterated an Outperform rating on the company, with a price target of $60.00. The Q2 gross margin contracted 160 basis points Y/Y to 32.8%, reflecting higher promotional activity and occupancy deleverage, offset by lower freight and logistics costs. Hibbett maintained its 2023 EPS guidance of $7.00-$7.75. HIBB shares are trading higher by 22.87% to $45.29.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 6:20 pm

SPY

Cleveland Fed President Loretta Mester has reiterated the need for two future rate hikes to bring inflation down to the Fed's target of 2%. She noted that while progress has been made, with one of the two predicted hikes already implemented, inflation remains too high. Mester's comments follow Fed Chairman Jerome Powell's earlier statement that the Fed is prepared to raise rates further if necessary. The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.2% on the day.

Portfolio Pulse from Chris Katje

August 25, 2023 | 6:18 pm

FSLY

Fastly shares are trading higher, possibly due to strong earnings from Intuit and Workday which may be lifting the software sector.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:12 pm

F

GM

SPY

STLA

Federal Reserve's Goolsbee expressed concerns that a major auto strike could significantly impact U.S. factories. The article potentially mentions Ford (F), General Motors (GM), SPDR S&P 500 ETF Trust (SPY), and Stellantis (STLA).

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:10 pm

NVDA

NVIDIA shares are trading lower after a recent surge due to a strong earnings report and positive guidance.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:08 pm

WDAY

Workday Inc (NASDAQ:WDAY) shares rose after the company reported strong fiscal second-quarter results. Analysts from Needham, Morgan Stanley, Piper Sandler, KeyBanc Capital Markets, Goldman Sachs, and William Blair all maintained positive ratings on the stock, with several raising their price targets. The analysts highlighted Workday's consistent subscription revenue beat, GAAP profitability, ability to expand AI monetization, improving sales execution, and resilience amid macro headwinds.

Portfolio Pulse from Priya Nigam

August 25, 2023 | 6:03 pm