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NOK

Nokia has stated that it does not comment on market rumors or speculation. The company emphasized its commitment to the success of its Mobile Networks business, which it considers a highly strategic asset. Nokia highlighted significant progress in this business segment this year.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:22 pm

BBWI

Bath & Body Works (NYSE:BBWI) reported disappointing Q2 sales and issued lower-than-expected guidance for FY24 and Q3. Despite beating EPS estimates slightly, the company's sales missed expectations, leading to a 7% drop in share price. Analysts have lowered their price targets for BBWI, reflecting cautious sentiment.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 1:15 pm

DG

DLTR

Dollar Tree shares fell 10% after disappointing earnings, with EPS and sales missing expectations. Wells Fargo lowered its price target for Dollar Tree. The company is affected by broader sector trends, as Dollar General also reported weak results and revised its outlook downward.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 1:15 pm

AAPL

AI

ASTS

DG

LOT

MADE

NVDA

QQQ

SMCI

WAY

The top trending stocks on WallStreetBets as of August 29, 2024, include NVDA, AAPL, MADE, WAY, SMCI, AI, ASTS, QQQ, LOT, and DG, according to Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:15 pm

BURL

Burlington Stores reported strong Q2 results, with revenue and EPS beating expectations. The company saw significant margin improvements and increased its full-year guidance. Despite some cost pressures, Burlington remains cautious with its sales guidance.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 1:09 pm

BIG

Big Lots Inc (NYSE:BIG) shares are plummeting due to reports of a potential bankruptcy filing. The company is exploring options to avoid Chapter 11, including seeking investors. Big Lots has significant debt and is expected to report a loss in its upcoming earnings.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 1:09 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) reported strong Q2 earnings, with sales and EPS beating estimates. Despite this, analysts from UBS and Morgan Stanley lowered their price targets, leading to a 17% drop in ANF shares. The company raised its FY24 sales growth outlook and operating margin forecast.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 1:07 pm

TSLA

In July, SAIC Motor surpassed Tesla in new vehicle registrations in the EU, with SAIC's registrations increasing by 24% while Tesla's fell by 15%. Over the first seven months of 2024, Tesla's EU registrations dropped by 9.8%, whereas SAIC's rose by 25%. Other automakers like Volvo, Toyota, and Nissan also saw significant increases in registrations.

Portfolio Pulse from Anan Ashraf

August 29, 2024 | 1:06 pm

STNE

StoneCo (NASDAQ:STNE) has received mixed analyst ratings over the past three months, with a recent average price target of $17.83, down from $20.00. Analysts have adjusted their ratings and price targets, reflecting varied expectations for StoneCo's performance. The company has shown strong revenue growth and net margins but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 1:00 pm

RKT

Analysts have provided mixed ratings for Rocket Companies (NYSE:RKT) over the past three months, with a shift towards more neutral and somewhat bearish sentiments. The average 12-month price target has increased by 17.66% to $14.19. Despite positive revenue growth, Rocket Companies faces challenges with low net margins and high debt levels.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 1:00 pm