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NRDY

Nerdy, Inc. (NYSE:NRDY) reported worse-than-expected Q2 revenue, leading to a significant drop in share price and multiple analyst downgrades. The company also lowered its FY24 revenue outlook.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:27 pm

CCOI

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) reported a Q2 loss of 68 cents per share, beating the analyst consensus estimate of a $1.25 loss per share. However, quarterly sales of $260.4 million missed the consensus estimate of $264.445 million. Following the earnings announcement, Goldman Sachs and TD Cowen raised their price targets for CCOI. The stock gained 2.7% to trade at $70.64 on Friday.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:17 pm

BYND

High-rolling investors have shown significant interest in Beyond Meat (NASDAQ:BYND) options, with a mix of bullish and bearish sentiments. The options activity suggests a price range of $7.0 to $10.0 over the next three months. The stock is currently down 0.92% at $6.47, with an average analyst price target of $6.0.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:16 pm

APO

Recent options trading trends indicate a bearish sentiment among big-money investors for Apollo Global Management (NYSE: APO). Benzinga's options scanner identified 13 unusual options trades, with 61% being bearish. The trading activity suggests a focus on a price range between $100 and $120. Despite the bearish sentiment, analysts maintain positive ratings with a consensus target price of $130.2.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:16 pm

AKAM

Akamai Technologies (NASDAQ:AKAM) reported strong Q2 earnings, beating analyst estimates on both EPS and sales. The company raised its FY24 adjusted EPS guidance and tightened its sales guidance. Analysts have increased their price targets for Akamai following the earnings announcement.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:09 pm

BTCUSD

USDCUSD

USDTUSD

Bitcoin has recovered above $60,000, but analysts from 10x Research urge caution and early profit-taking due to high volatility. Significant inflows have been observed, with Tether minting $1 billion, Circle minting $1.6 billion, and Binance reporting $2.4 billion in inflows. A US judge has approved FTX's repayment of $12.7 billion to creditors, potentially redirecting funds back into crypto. The market anticipates potential approval of Bitcoin ETF options by the SEC by Sep. 21.

Portfolio Pulse from Murtuza Merchant

August 09, 2024 | 6:08 pm

BYDDF

BYDDY

TM

Toyota Motor Corp (NYSE:TM) has seen a significant decline in its stock price, now trading at $168, which is 33% below its 52-week high. The downturn is attributed to a broader sell-off in Japanese equities and unwinding of speculative yen carry trades. Despite no immediate rate hikes from the Bank of Japan, Toyota faces challenges including reliance on hybrid technology and certification irregularities. Technical indicators show a bearish trend, with the stock below key moving averages.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 6:07 pm

CHH

Analysts have provided mixed ratings for Choice Hotels Intl (NYSE:CHH) in the latest quarter, with a downward trend in price targets. The average 12-month price target is now $125.2, down 2.7% from the previous $128.67. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:03 pm

G

Genpact Limited (NYSE:G) reported better-than-expected Q2 earnings and raised its FY24 revenue and EPS guidance. The company posted earnings of 79 cents per share and sales of $1.18 billion, both surpassing analyst estimates. Following the strong performance, analysts have increased their price targets for Genpact. The stock rose 16.3% to $37.67.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:02 pm

ARRY

Over the past three months, 13 analysts have shared their evaluations of Array Technologies (NASDAQ:ARRY), showing a range of sentiments from bullish to bearish. The average 12-month price target has decreased by 23.63%, with a current average target of $14.38. Analysts have predominantly lowered their ratings and price targets, reflecting a negative shift in sentiment.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:02 pm