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Assets

DESP

Despegar.com has announced the appointment of Amit Singh as its new Chief Financial Officer (CFO), effective from August 21.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:40 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has outperformed the market over the past 10 years by 30.57% on an annualized basis, producing an average annual return of 40.82%. If an investor had bought $100 of AMD stock 10 years ago, it would be worth $3,041.67 today.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:36 pm

TMST

TimkenSteel Corporation has projected its capital expenditures for the fiscal year 2023 to be $50 million.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:35 pm

APLE

Apple Hospitality has projected its FY23 revenue to be between $163M and $202M. The company also expects its capital expenditures to range from $70M to $80M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:31 pm

BTCUSD

SQ

Block Inc (NYSE:SQ) reported Q2 earnings that beat estimates, with revenue up 26% YoY to $5.54 billion and earnings per share at 39 cents. Gross profits rose 27% YoY, driven by Square and Cash App. The company is focusing on omnichannel, upmarket growth, global expansion, and AI integration. Block held $245 million in Bitcoin as of June 30 and ended the quarter with $6.8 billion in cash, equivalents, and investments. The company also raised its Q3 expectations.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 2:26 pm

ETHUSD

A developer experimenting with their first test token on 4chan mistakenly locked away five Ether (CRYPTO: ETH) for a century, causing the test token's market cap to rise to $6 million before dropping by 70%. The developer had intended to use testing funds on the Ethereum testnet, but instead launched the token on the Ethereum mainnet. The tokens are now inaccessible until December 31, 2123. The incident has been met with skepticism, with some speculating it was a calculated move to attract attention.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 2:25 pm

AMAT

A significant bearish stance has been taken on Applied Materials (NASDAQ:AMAT) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $115.0 to $165.0 for AMAT over the last 3 months. The current price of AMAT is $147.81, up 0.33%. Analysts from Mizuho, Citigroup, and B of A Securities have maintained their Buy ratings on AMAT, with price targets of $152, $170, and $165 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:23 pm

CWH

Camping World Holdings, Inc. (CWH) has acquired the assets and real estate of Crain RV. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:17 pm

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, outperforming Dogecoin (CRYPTO: DOGE), which struggled to trade flat. Shiba Inu was moving higher on lower-than-average volume, suggesting consolidation. The crypto was also forming an inside bar pattern, which usually indicates a period of consolidation followed by a continuation move in the direction of the current trend.

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 2:11 pm

AAPL

AMZN

BA

GOOG

META

MSFT

NVDA

TSLA

The article suggests that investors who own stocks in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, known as the 'magnificent seven', should consider diversifying their portfolios due to heavy concentration in these stocks. Boeing is recommended as a good diversifier due to its long-term opportunities, recent earnings surpassing consensus and whisper numbers, and potential for recurring revenues. The article also mentions the Arora Report's Model Portfolio, which includes six of the 'magnificent seven' stocks and Boeing.

Portfolio Pulse from The Arora Report

August 04, 2023 | 2:10 pm