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CSCO

NTNX

Nutanix Inc (NASDAQ:NTNX) reported better-than-expected Q4 FY23 earnings, leading to several analysts raising their price targets. The company's revenue increased by 28% Y/Y to $494.21 million, beating the consensus estimate of $475.16 million. Nutanix's board also authorized a share repurchase program of up to $350 million. Analysts are bullish on Nutanix's global strategic partnership with Cisco Systems Inc (NASDAQ:CSCO) related to simplifying hybrid multi-cloud and boosting business transformation.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 5:48 pm

BURL

CVNA

LRN

NIO

NKE

RIVN

TSLA

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Ford (F), Carvana (CVNA), NIO (NIO), Nike (NKE), K12 (LRN), Sweetgreen (SG), Li Auto (LI), Burlington Stores (BURL), and Rivian (RIVN). The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:35 pm

AAPL

AMD

DELL

ENPH

INTC

IREN

MARA

MSFT

NVDA

TSM

Benzinga's options activity scanner has identified significant options activity in the Information Technology sector. The stocks involved include Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), Intel (INTC), Marathon Digital Holdings (MARA), Dell Technologies (DELL), Taiwan Semiconductor Manufacturing (TSM), IronNet (IREN), and Enphase Energy (ENPH). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:35 pm

GLW

Corning Inc. plans to invest $1.5 billion in South Korea to increase its supply capacity for products, according to Nikkei.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 5:15 pm

UPTD

TradeUP Acquisition Corp. (NASDAQ:UPTD) shares have surged on extremely heavy trading volume, with over 2 million shares traded compared to the 100-day average of 28 thousand shares. The company recently extended the date for its initial business combination from Aug. 19 to Sept. 19, 2023. The stock is currently the top trending ticker on Stocktwits.

Portfolio Pulse from Erica Kollmann

September 01, 2023 | 4:38 pm

PSYCF

Psyched Wellness, a life sciences company focused on wellness products derived from the Amanita Muscaria mushroom, has secured a capital infusion of up to $7.52 million from cannabis investment firm Gotham Green Fund III. The investment will be used to facilitate the nationwide rollout of products centered around Psyched Wellness's proprietary extract, AME-1. The agreement also provides Gotham Green with the right to nominate board members.

Portfolio Pulse from Javier Hasse

September 01, 2023 | 4:19 pm

BNO

CVX

XOM

Saudi Arabia is reportedly considering selling up to $50 billion worth of shares in Aramco, the world's most valuable oil company, on the Riyadh exchange. This could be the largest offering in capital market history. The launch of these shares may occur before the end of the year. Aramco has been in talks with potential investors, including multinational oil companies and sovereign-wealth funds.

Portfolio Pulse from Vandana Singh

September 01, 2023 | 4:09 pm

ADTX

DELL

NVOS

OLN

TAOP

TIO

U.S. stocks traded mostly lower with the NASDAQ falling 0.30% and the S&P 500 dropping 0.09%. Dell Technologies Inc. (DELL) shares rose by 25% after reporting better-than-expected Q2 results and raising its outlook for the year. Taoping Inc. (TAOP) shares increased by 42% following a YoY increase in H1 EPS and sales results. Novo Integrated Sciences, Inc. (NVOS) shares gained 41% after receiving an Underwriting Clearance Notice for a $70 million coupon. Aditxt, Inc. (ADTX) shares dropped 52% after announcing a $10 million private placement. Tingo Group, Inc. (TIO) shares fell by 19% after failing to satisfy Hindenburg's concerns. Olin Corporation (OLN) shares fell by 14% after announcing the CEO's departure in 2024.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 4:07 pm

HARP

Harpoon Therapeutics has approved a reverse stock split of the company's outstanding common stock at a ratio of one-for-ten, effective August 15.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 4:04 pm

NKE

Nike Inc. (NYSE:NKE) is making strategic moves to stay competitive, including opening a new concept store in India, launching the EK Umoja Collection inspired by marathoner Eliud Kipchoge, and offering a Labor Day Sale with significant discounts. The store in Dehradun, India, is part of Nike's broader expansion plans in the country. The EK Umoja Collection features five different running shoe models and various apparel items. The Labor Day Sale offers discounts of up to 50% on a wide array of products.

Portfolio Pulse from Mohit Manghnani

September 01, 2023 | 3:56 pm