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CHWY

JPMorgan analysts are optimistic about Chewy Inc (NYSE:CHWY) ahead of its Q2 earnings report, highlighting growth in website visits and industry trends. Chewy is expected to report earnings of 3 cents per share on $2.856 billion in revenue. The company is well-positioned in the growing online pet market, with a strong autoship subscription program and multiple revenue drivers. JPMorgan maintains an Overweight rating with a $28 price target.

Portfolio Pulse from Adam Eckert

August 22, 2024 | 6:43 pm

TSLA

Tesla shares are declining following the announcement of a delay in the Cybertruck's full self-driving rollout and an investigation by the National Transportation Safety Board into a Tesla vehicle crash.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:42 pm

LUCRF

LVMUY

XME

Lucara Diamond Corp announced the discovery of a massive 2,492-carat diamond in Botswana, the second-largest gem-quality diamond ever found. The discovery was made using advanced X-ray technology at the Karowe mine. This highlights Lucara's effective diamond recovery methods and commitment to shareholder value. The SPDR S&P Metals & Mining ETF, which includes precious metals, has seen mixed performance recently.

Portfolio Pulse from Natan Ponieman

August 22, 2024 | 6:41 pm

BNTX

MRNA

NVAX

PFE

The FDA has approved updated COVID-19 vaccines from Pfizer/BioNTech and Moderna, targeting the Omicron variant KP.2 strain. Novavax's vaccine was not included in this approval. The updated vaccines are expected to be available soon, with Pfizer and Moderna stocks experiencing a decline following the news.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 6:33 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years with an average annual return of 9.84%, resulting in a $1000 investment growing to $6,554.92. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:30 pm

CMCSA

Comcast's short interest has decreased by 4.58%, with 55.78 million shares sold short, representing 1.46% of its float. This is lower than its peers' average short interest of 10.02%. The decline in short interest may indicate a more bullish sentiment towards Comcast.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:30 pm

LNG

Cheniere Energy's short interest has decreased by 18.32%, with 3.51 million shares sold short, representing 1.56% of its float. This is lower than the peer average of 3.96%, indicating a more bullish sentiment towards Cheniere compared to its peers.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:30 pm

MET

MetLife's short interest has increased by 3.82%, with 7.94 million shares sold short, representing 1.36% of its float. This is below the peer group average of 2.98%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:30 pm

INTC

Intel's board director, Lip-Bu Tan, is set to leave the company. This comes at a time when Intel is facing challenges in the chipmaking industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:29 pm

CAVA

CAVA Group, Inc. (NYSE:CAVA) is experiencing volatility as it prepares to release its Q2 2024 earnings. Analysts expect EPS of $0.12 and revenue of $218.21 million. CAVA has a history of beating estimates, and Stifel analyst Chris O’Cull recently raised the price target to $110. The stock is trading above its 52-week high.

Portfolio Pulse from Dylan Berman

August 22, 2024 | 6:22 pm