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Equity Actions

ASHR

CQQQ

EEM

GXC

KWEB

MCHI

Morgan Stanley analysts have issued a report on the Chinese market, stating that it's a complicated time to invest. China's economic growth is lagging behind expectations, and domestic demand has not convincingly recovered. However, holding a share of the Chinese market can be a good way to diversify a U.S.-heavy portfolio. The report also downgraded the MSCI China Index to Equal Weight. Despite the challenges, the analysts see potential for the Chinese economy. U.S.-listed ETFs focused on the Chinese market, including iShares MSCI China ETF (NASDAQ:MCHI), KraneShares CSI China Internet ETF (NYSE:KWEB), Xtrackers Harvest CSI 300 China A-Shares ETF (NYSE:ASHR), SPDR S&P China ETF (NYSE:GXC), and Invesco China Technology ETF (NYSE:CQQQ), are up.

Portfolio Pulse from Natan Ponieman

August 04, 2023 | 2:09 pm

SNN

Smith & Nephew PLC (NYSE:SNN) reported a 5.2% YoY increase in 1H revenue to $2.73 billion, with operating profit rising to $275 million. However, trading profit decreased to $417 million and adjusted EPS slipped to 34.9 cents. The company's CFO, Anne-Françoise Nesmes, will step down in Q2 2024. Despite the mixed results, the company raised its full-year underlying revenue growth guidance to 6.0%-7.0%. SNN shares are down 2.84% at $28.47.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 2:08 pm

RTX

A significant amount of unusual options activity has been observed for Raytheon Technologies Corporation (RTX), with a mix of bullish and bearish stances. Whales have been targeting a price range from $65.0 to $100.0 for RTX over the last 3 months. The current price of RTX is down -0.87% at $84.72, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 82 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:06 pm

NBSE

Neubase Therapeutics has decided to halt further development of its programs and is exploring alternatives. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:06 pm

BPTH

Bio Path Holdings Inc (BPTH) shares have dropped by 45.95% after the company priced a 3.5 million unit offering at $0.60 per unit. The offering, which includes common stock purchase warrants, is expected to generate around $2.1 million in gross proceeds and close around August 7. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 2:06 pm

AAPL

COMM

DMRC

MARA

MSFT

NVDA

PLTR

QCOM

SEDG

VNT

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include NVDA, COMM, MARA, AAPL, VNT, QCOM, SEDG, MSFT, PLTR, and DMRC. 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

August 04, 2023 | 2:02 pm

BPTH

Bio-Path Holdings has priced a 3.5 million unit offering at $0.60 per unit, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:59 pm

RBOT

Vicarious Surgical has priced a $45 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:59 pm

EVGO

EVgo, Inc. reported better-than-expected Q2 results with revenue increasing to $50.6 million, a 457% YoY growth. The company also announced a leadership succession plan, with Badar Khan set to succeed Cathy Zoi as CEO in November. EVgo shares are trading higher following the news.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 1:56 pm

DOV

Jim Lebenthal, a regular CNBC contributor, has sold his shares in Dover Corporation (DOV).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:52 pm