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FSR

Barclays analyst Dan Levy has maintained an 'Underweight' rating on Fisker (NYSE:FSR) and lowered the price target from $6 to $5.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 08, 2023 | 12:47 pm

IFF

International Flavors & Fragrances Inc. (IFF) reported worse-than-expected Q2 results and lowered its FY23 outlook. The company's shares fell 21.6% in pre-market trading. Analysts from Stifel and Credit Suisse have cut their price targets on IFF following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:47 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) reported worse-than-expected Q2 results, with a 30.5% YoY drop in revenue to $102.1 million, missing the consensus estimate of $111.28 million. The company also reported a quarterly loss of 83 cents per share, missing analyst estimates for a loss of 81 cents per share. Following the results, BMO Capital cut its price target for Beyond Meat from $14 to $13. The company's shares were down 17.8% at the time of publication.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 12:46 pm

BYND

Beyond Meat's shares are trading lower following the company's Q2 financial results, which were below expectations. The company also issued FY23 revenue guidance that was lower than estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:45 pm

DDOG

Datadog has issued Q3 and FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:43 pm

AMC

AMC Entertainment Holdings reported Q2 FY23 revenue growth of 15.6% YoY to $1.35 billion, beating the consensus of $1.29 billion. Overall attendance improved by 12.2% YoY, with U.S. markets attendance increasing by 15% and international markets attendance growing by 4.6%. The company's adjusted EPS of $(0.00) beat the consensus loss of $(0.04), and adjusted EBITDA improved by $75.8 million to $182.5 million. AMC shares traded higher by 3.52% at $5.30 premarket on the last check Tuesday.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 12:42 pm

VPG

Vishay Precision Group, Inc. (VPG) has extended its stock repurchase authorization for another year. This move indicates the company's confidence in its financial stability and future prospects.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:41 pm

AAPL

CGNX

DLB

IDCC

LFUS

The article lists five tech stocks that are currently oversold and could potentially boost a portfolio. These include InterDigital, Inc. (IDCC), Dolby Laboratories, Inc. (DLB), Littelfuse, Inc. (LFUS), Cognex Corporation (CGNX), and Apple Inc. (AAPL). All these stocks have an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 12:40 pm

OLPX

Olaplex has reduced its FY23 outlook, with sales now expected to be between $445M and $465M, down from the previous estimate of $563M to $634M. The company's adjusted net income is also expected to decrease to $96M - $108M from $176M - $224M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:40 pm

SQSP

Squarespace has increased its FY23 revenue outlook from $969M-$981M to $987M-$995M, surpassing the consensus estimate of $980.24M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:40 pm