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HOOD

Robinhood CEO Vlad Tenev discussed the company's plans for cryptocurrency integration, emphasizing crypto as a key driver of their business model. Robinhood has expanded its crypto offerings and introduced crypto wallets, aiming to integrate traditional finance with crypto. The company is also investing in crypto education and envisions leveraging AI for personalized financial advice.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 4:37 pm

NFLX

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and a $750 price target for Netflix Inc (NASDAQ:NFLX), citing multiple growth drivers such as margin expansion, strong free cash flow, and resilience during macroeconomic pressures. Anmuth highlighted potential revenue boosts from ad-price hikes, live sports events, and paid sharing in key regions.

Portfolio Pulse from Chris Katje

August 13, 2024 | 4:34 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) will acquire the remaining 34.8% of Nova Cannabis Inc. (TSX:NOVC) shares for approximately $29.1 million. The deal, approved by both companies' boards, offers Nova shareholders $1.75 per share in cash or 0.58 SNDL shares per Nova share. The transaction is expected to close by October 18, 2024, and aims to enhance SNDL's retail portfolio and generate cost savings.

Portfolio Pulse from Jelena Martinovic

August 13, 2024 | 4:32 pm

MUSA

Murphy USA (NYSE:MUSA) has significantly outperformed the market over the past 10 years, delivering an average annual return of 25.14%. A $1000 investment in MUSA 10 years ago would be worth $9,507.28 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:31 pm

CMC

Commercial Metals (NYSE:CMC) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.8%. A $100 investment in CMC 5 years ago would now be worth $339.51. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:31 pm

MCD

Kevin Simpson announced on CNBC that he has trimmed his position in McDonald's (MCD).

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:28 pm

NKE

Nike Inc (NYSE:NKE) shares rose by 5.6% to $78.85, driven by investor optimism following a softer-than-expected Producer Price Index (PPI) report. The report has fueled speculation of a larger interest rate cut by the Federal Reserve, which could benefit consumer-driven companies like Nike by lowering borrowing costs and increasing consumer spending.

Portfolio Pulse from Henry Khederian

August 13, 2024 | 4:25 pm

HD

LOW

Lowe's Companies, Inc. (NYSE:LOW) stock initially traded lower in sympathy with Home Depot, Inc. (NYSE:HD), which reported a revenue miss for the second quarter and issued adjusted EPS outlook below estimates. Both stocks have since reversed. Home Depot reported sales of $43.17 billion, missing estimates, but beat EPS estimates with $4.67. Home Depot also adjusted its EPS guidance and raised its sales guidance. Lowe's is expected to report its earnings on August 20, with analysts estimating EPS of $3.99 and revenue of $24.01 billion.

Portfolio Pulse from Dylan Berman

August 13, 2024 | 4:20 pm

COST

Options market data reveals a bearish sentiment among large investors towards Costco Wholesale (NASDAQ:COST), with 60% of trades being bearish. Analysts maintain a positive outlook with a consensus target price of $930.4. Current trading volume is 547,314, with the stock price at $857.96, down by 0.65%.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:16 pm

ASML

Significant options activity has been detected for ASML Holding (NASDAQ:ASML), with a mix of bullish and bearish trades. The options trades suggest a price range of $710 to $1200 over the next three months. The stock is currently trading at $864.07, up 1.31%, and may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 4:16 pm