Pretty muted moves in our portfolio holdings this week, with only 3 names moving more than +5%. (All to the upside).

Here’s an overview of the biggest movers over the last week through close on Thursday, Aug. 22:

Target (TGT): +8%

Massive move to the upside this week on the back of a strong earnings report. Comp sales grew by +2% YoY, at the high end of expectations. Foot traffic grew, same-day services utilization doubled, and discretionary sales trends improved as consumers hunted back-to-school items including apparel amid some cost reductions. Perhaps most importantly, it appears that Target has a handle on theft. The retailer closed 9 problem stores last year. We expect continued improvements from here.

Mobileye (MBLY): +6%

Mobileye is one of our longest-standing autonomous driving plays. The company’s technologies power a range of autonomous driving solutions, including advanced driver-assistance systems and fully autonomous vehicles, using innovations like True Redundancy™ and REM™ (Road Experience Management) for enhanced safety, reliability, and real-time mapping. The stock is moving higher this week alongside positive autonomous driving news, including the close of a probe into GM’s Cruise self-driving system. Long-term, we expect Mobileye to benefit from a multi-year shift to vehicle autonomy.

GoodRX (GDRX): +5%

GDRX posted earnings two weeks ago. Revenue increased in line with estimates, but flat EPS was a miss, sending shares down 21%. Following the significant drop, shares began rebounding the same day and have slowly continued to increase since. Growth in prescription transaction and pharma manufacturer solution revenue were primary contributors to the increase in total revenue. A recent study expects next year to have a significant increase in employer health care costs up to 9% in 2025, with GoodRX positioned well as a drug savings company. We maintain our bullish outlook.

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