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PYPL

Elliott Investment Management has dissolved its stake in PayPal, leading to a decrease in PayPal's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:31 pm

FSBW

FS Bancorp, Inc. (NASDAQ:FSBW) has announced a new stock repurchase program, authorizing the company to repurchase up to $5.0 million or 2.5% of its outstanding shares of common stock over a 12-month period until July 31, 2024. The repurchase program may be suspended, terminated or modified at any time for any reason.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 4:02 pm

DCTH

DSGN

FXLV

GLTO

NVOS

SYTA

US stocks traded lower with the Dow, NASDAQ, and S&P 500 all falling. Home Depot (HD) reported better-than-expected Q2 results and authorized a new $15 billion share repurchase program. Delcath Systems (DCTH), Novo Integrated Sciences (NVOS), and Siyata Mobile (SYTA) saw stock increases due to positive news, while F45 Training Holdings (FXLV), Design Therapeutics (DSGN), and Galecto (GLTO) experienced stock drops due to negative developments.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 4:00 pm

SPKY

SPY

UVXY

VIX

The SPDR S&P 500 (NYSE:SPY) fell about 0.8% during Tuesday’s trading session, while the CBOE Volatility Index (CBOE: VIX) spiked over 8% amid a retail-heavy earnings week. ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) was trading about 6% higher, tracking the SPIKES Futures Short-Term Index similarly to ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY). SPKY is a short-term trading vehicle and shouldn't be held for long periods.

Portfolio Pulse from Melanie Schaffer

August 15, 2023 | 3:50 pm

GAME

GameSquare Holdings, Inc. (NASDAQ:GAME) has entered into new Employment Agreements with Justin Kenna and Lou Schwartz, in their roles as CEO and President, respectively. Under the agreement, Kenna was granted 495,720 restricted share units (RSUs) which will vest one year following the grant date.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:49 pm

AAPL

AMZN

BRK-B

GOOG

JPM

META

MSFT

NVDA

QQQ

SPY

TSLA

USB

The U.S. economy, which is 70% consumer-based, continues to see strong retail sales, with July retail sales coming in at 0.7% vs. 0.4% consensus. However, this has led to concerns that the Federal Reserve may maintain high interest rates for longer. Fitch has warned that it may downgrade the credit ratings of several U.S. banks, including JPMorgan Chase & Co. and U.S. Bancorp. Home Depot Inc. has guided FY23 revenue down 2-5% and earnings down 7-13%. Berkshire Hathaway Inc. is buying three home builder stocks: Lennar Corp, DR Horton Inc, and NVR Inc. Saudi Arabia and U.A.E. are buying billions of dollars worth of NVIDIA Corp chips. Money flows are negative in Amazon.com, Inc., Microsoft Corp, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, Apple Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 15, 2023 | 3:19 pm

SPGC

Sacks Parente Golf Company (SPGC) has opened its Initial Public Offering (IPO) shares for trade at $4.40 per share, which is higher than the IPO price of $4 per share.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:14 pm

AAPL

HGBL

Twitter, now rebranded as X after Elon Musk's acquisition, is auctioning off various items from its main office. The auction will be led by Heritage Global Partners, a unit of Heritage Global (NASDAQ:HGBL). Among the 678 lots are many computers and office-related supplies, including 97 Apple Inc (NASDAQ:AAPL) computers and items. The auction will run from Sept. 12 at 10 a.m. ET through Sept. 14 at 12 p.m. ET.

Portfolio Pulse from Chris Katje

August 15, 2023 | 3:12 pm

VFS

VinFast's CFO has stated in an interview with Reuters that the company is not in a rush to raise additional capital. The company will return to the capital markets when the opportunity presents itself.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:03 pm

SWIN

Solowin Holdings Limited (NASDAQ:SWIN) is set to IPO on August 16 on the NASDAQ exchange under the ticker SWIN. The company is offering shares at an expected price between $4.00 and $6.00 per share with an insider lock-up period of 180 days ending on February 12, 2024. Solowin is a holding company with no material operations of its own, conducting its operations primarily through its wholly owned subsidiary, Solomon JFZ.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 3:00 pm