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CHWY

Chewy Inc's (NYSE:CHWY) shares are trading lower by 2.85% to $19.58, hitting a new all-time low. The drop follows the company's filing for a mixed shelf offering and disappointing Q2 results. The company intends to use the proceeds from the sale of securities for general corporate purposes, including debt repayment, financing acquisitions, and working capital.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 4:09 pm

TLRY

Kerrisdale Capital issued a short report on Tilray Brands, Inc. (NASDAQ:TLRY), stating that it is short shares of Tilray. The report claims that Tilray's financial metrics are skewed due to the payment of debts with shares of stock, leading to dilution of value for shareholders. It also stated that Tilray investors have overreacted to recent marijuana rescheduling developments. Kerrisdale Capital gave a price target of 89 cents for TLRY shares, representing a downside potential of 70%.

Portfolio Pulse from Erica Kollmann

September 18, 2023 | 4:05 pm

WMT

Walmart has decided to reduce the starting pay for new employees by about $1. Despite this, Walmart's stock price has been on a significant rise, reaching new record highs. Since November 2015, the stock has surged by 190%. The stock closed at $164.64 on September 15, trading down by 0.37%.

Portfolio Pulse from Zaheer Anwari

September 18, 2023 | 4:05 pm

DKNG

MGM

PDYPY

DraftKings Inc (NASDAQ:DKNG) is seen as a potential winner in the sports betting sector by Needham analyst Bernie McTernan, who maintains a Buy rating on the company with a $44 price target. DraftKings ranked as the top sportsbook for a second straight week and fourth among sports-related apps in the iOS store. Competitors FanDuel (OTC:PDYPY) and BetMGM (NYSE:MGM) ranked fifth and 17th respectively in the iOS sports app rankings. McTernan sees DraftKings as a leader in the emerging North American online gambling market, a $35B opportunity.

Portfolio Pulse from Chris Katje

September 18, 2023 | 4:05 pm

PLNHF

PLTH

TCNNF

Planet 13 Holdings Inc. is planning to acquire VidaCann, a company operating 26 dispensaries in Florida. The acquisition, expected to close by January 2024, is valued at approximately $49 million and includes a fully operational greenhouse cultivation facility and an advanced processing and analytical lab. The deal is expected to make Planet 13 a significant player in Florida's cannabis market, which is already substantial, surpassing $1.4 billion. The recent increase in stock prices, driven by the HHS rescheduling news, indicates a looming wave of consolidation in the cannabis market.

Portfolio Pulse from Nicolás Jose Rodriguez

September 18, 2023 | 4:01 pm

SAVE

Over the past 3 months, 6 analysts have published their opinion on Spirit Airlines (NYSE:SAVE) stock, all of them being indifferent. The company has an average price target of $19.75, representing a 9.53% decrease from the previous average price target of $21.83.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:01 pm

CWK

Cushman & Wakefield (NYSE:CWK) has received various analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 2 indifferent. The average price target is $13.5, compared to the current price of $8.27, implying an upside. However, this average represents a 23.38% decrease from the previous average price target of $17.62.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:00 pm

NVEI

Over the past 3 months, 8 analysts have published their opinion on Nuvei (NASDAQ:NVEI) stock. The company has an average price target of $29.12, representing a 38.54% decrease from the previous average price target of $47.38. The analysts' ratings range from bullish to indifferent.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:00 pm

AVGO

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years by 24.84% on an annualized basis, producing an average annual return of 34.97%. If an investor had bought $100 of AVGO stock 10 years ago, it would be worth $2,031.77 today.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:00 pm

WOLF

Over the past 3 months, 11 analysts have published their opinion on Wolfspeed (NYSE:WOLF) stock. The average price target is $58.55, implying an upside from the current price of $41.14. This represents a 11.95% decrease from the previous average price target of $66.50.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:00 pm