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The stock market has quickly recovered most of August losses in the last five trading sessions. Salesforce Inc (NYSE:CRM) reported better than expected earnings, contributing to the rise in DJIA. Personal income is falling but personal spending is rising, which could impact the U.S. economy. UBS Group AG (NYSE:UBS) is reporting a record $29B profit and plans to layoff 3,000 people to generate $10B in cost savings by 2026. Positive money flows are seen in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), and NVIDIA Corp (NASDAQ:NVDA), while negative flows are seen in Tesla Inc (NASDAQ:TSLA) and Microsoft Corp (NASDAQ:MSFT).

Portfolio Pulse from The Arora Report

August 31, 2023 | 2:34 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) has successfully restructured its Promissory Notes, totaling approximately $1.75 million, with two institutional investors. The notes are no longer convertible to equity as long as they are repaid by the company over a 12-month amortization schedule. The restructuring is aimed at protecting shareholders by minimizing equity dilution. The company is in a stronger financial position due to the cash flow generated from its portfolio companies.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:32 pm

HLTH

Tarsadia Investments, a top 10 stockholder of Cue Health, Inc. (NASDAQ:HLTH), has sent an open letter to the company's board of directors, criticizing its capital allocation and cost structure. Tarsadia has called for immediate action to prevent further destruction of stockholder value, including a strategic review, cost realignment, and the appointment of stockholder representatives to the board. Cue Health's share price has declined by 97% since its IPO, and its quarterly product revenues have also fallen by 97%.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 2:05 pm

PDD

Unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 25 uncommon trades, with 56% bullish and 44% bearish sentiment. The whales have been targeting a price range from $75.0 to $120.0 for PDD Holdings over the last 3 months. The current price of PDD is up 2.5% at $100.59. Several financial institutions have maintained their positive ratings on PDD Holdings, with price targets ranging from $115 to $140.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 2:01 pm

UGRO

Urban-gro, Inc. (NASDAQ:UGRO) has sold its investment in a private placement convertible note with XS Financial Inc for $2.3 million, a 10% discount to the book value. The cash payment is in addition to the $0.3 million of interest earned since the original $2.5 million investment in Q4 2021.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:22 pm

BTCUSD

ETHUSD

SPY

The article covers a range of market updates including potential approval of all spot Bitcoin ETFs by this fall, mixed Wall Street opening, and various stock movements. It also mentions the surge in Shib Inu burn rate, Grayscale's win over SEC, and a potential downside for Bitcoin, Ethereum, and Dogecoin. Other topics include political updates, economic reports, tech news, electric vehicle updates, and consumer news.

Portfolio Pulse from Akanksha Bakshi

August 31, 2023 | 1:12 pm

BEKE

KE Holdings Inc (BEKE) shares rose by 6.39% in pre-market trading after the company reported Q2 earnings, upsized its share repurchase program, and declared a special dividend. The company's Q2 adjusted earnings per share of 27 cents beat the analyst consensus estimate of 19 cents. However, its Q2 sales of $2.69 billion missed the analyst consensus estimate of $2.73 billion by 1.6%. The company's board extended the share repurchase program from $1 billion to $2 billion and approved a special cash dividend of $0.057 per ordinary share and $0.171 per ADS.

Portfolio Pulse from Henry Khederian

August 31, 2023 | 1:02 pm

BEKE

KE Holdings reported its quarterly earnings, upsized its existing share repurchase program, and declared a special dividend. This news led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:02 pm

LFVN

LifeVantage Corporation (NASDAQ:LFVN) has adopted a limited duration stockholder rights plan to protect the long-term interests of its stockholders and reduce the likelihood of any entity gaining control of the company through open-market accumulation of shares. The plan will be submitted for ratification at the company's upcoming Annual Meeting of Stockholders and will expire no later than August 28, 2024, if ratified. The plan includes provisions for stockholder protections and will issue one right for each share of common stock outstanding as of September 11, 2023.

Portfolio Pulse from Happy Mohamed

August 31, 2023 | 1:02 pm

FLAG

Flag has entered into a subscription agreement with Wootton, where Wootton agreed to purchase 45,714 shares of Flag's Class A common stock for $5.25 per share. This results in total gross proceeds of $239,998.50.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 12:52 pm