We logged a nice week for the long positions in our portfolio (names we’ve issued Bullish alerts recently), with positive moves in 31 out of 36 names.

Here’s a summary of the biggest movers over the last week through close on Thursday, Aug. 15:

Chewy (CHWY): +11%

No major news from Chewy this week but the stock continues to garner interest from meme-stock traders following Roaring Kitty’s reveal of stake in July. LikeFolio’s bullish outlook is informed by serious improvements in consumer sentiment, notably an uptick in Chewy health usage and spike in app engagement over the last 2 months. Shares are trading ~7% lower YoY and significantly off Covid-highs, giving us bullish conviction through earnings in 2 weeks and beyond.

Paysafe (PSFE): +10%

Paysafe Limited announced second-quarter earnings with EPS at $0.59, significantly beating estimates of $0.34. Its revenue also beat estimates. The company has beat EPS estimates three of the last four quarters. During the earnings call, the company raised its guidance for revenue for the current fiscal year. While we typically focus on Paysafe’s digital wallet functionality allowing users to manage their funds, make online payments, and even conduct peer-to-peer transfers via its Skrill and NETSELLER banners, the company also has exposure to iGaming. Its iGaming revenue continues to benefit from the legalization of online gambling in certain US states.

Advanced Micro Devices (AMD): +9%

Earlier this week AMD acquired Silo AI, the largest private AI lab in Europe, to help accelerate the development and deployment of AI models. Microsoft CEO praised AMD’s Instinct MI300X AI chip as one of the best price to performance AI chips available. Microsoft has projected selling up to 50 million AI-enabled personal computers in the coming months, providing a strong tailwind for AMD. The company continues to ride the AI wave as advancements in AI continue to drive demand for computing infrastructure across every market.

Duolingo (DUOL): +7%

Duolingo announced a partnership with Sony Music allowing Duolingo to feature many popular songs on its music course. Some of the artists whose songs are featured include Hozier, Meghan Trainor, and Whitney Houston. The familiarity of the songs are expected to bring in new users as well as increase user retention. Estimates for the company's earnings in the current quarter have also been positively revised pushing the stock higher.

Check out 3 more major movers here...

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