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RKT

Rocket Companies reported strong Q2 earnings with revenue and EPS beating estimates. The company saw a 10.4% increase in closed loan origination volume and expects Q3 revenue between $1.15 billion and $1.3 billion. Rocket will host its first Investor Day on Sept. 10.

Portfolio Pulse from Chris Katje

August 01, 2024 | 8:49 pm

MMSI

Merit Medical Systems, Inc. (NASDAQ:MMSI) will present six-month outcomes from its WAVE study on the WRAPSODY Endoprosthesis for treating stenosis in the venous outflow circuit at upcoming medical meetings. The study involves 245 patients with arteriovenous fistula and 113 with arteriovenous graft, comparing WRAPSODY to standard care.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:48 pm

INSE

MGM

Inspired Entertainment and BetMGM have announced the launch of the MGM Bonus City Hybrid Dealer Game in Michigan. The game debuted exclusively at BetMGM Casino in New Jersey in October 2023.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:48 pm

CTRA

Coterra Energy has increased its FY24 BOE production guidance by 1% and oil production guidance by 2.4% from its previous guidance in May. The company reiterated its 2024 capital expenditures of $1.75 to $1.95 billion and announced third-quarter 2024 production estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:43 pm

COO

CooperSurgical has acquired obp Surgical for $100 million, adding single-use cordless surgical retractors and suction devices to its portfolio. The products generated $14.5 million in trailing twelve-month revenue. The acquisition is expected to be neutral to Cooper's non-GAAP EPS in fiscal 2024 and accretive thereafter.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:42 pm

GREE

Greenidge Generation Holdings Inc. (NASDAQ:GREE) provided a bitcoin production update for Q2 and July 2024. The company produced 120 bitcoin in April, 57 in May, 40 in June, and 58 in July. The hash rate fluctuated due to various operational changes, including miner redeployment and a planned power plant outage.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:39 pm

MSFT

NTDOY

SONY

Microsoft Corp. (NASDAQ:MSFT) has announced its plans for gamescom 2024, featuring three days of live broadcasts showcasing new games and updates. The event will run from August 21 to August 23, with daily streams from the Xbox booth and Bethesda. Notably, Sony Group Corp. (NYSE:SONY) and Nintendo ADR (OTC:NTDOY) will not attend the event.

Portfolio Pulse from Franca Quarneti

August 01, 2024 | 8:36 pm

CUBE

CubeSmart has released its Q3 and FY24 financial outlook. For Q3, the company expects EPS between $0.44 and $0.46 and diluted FFO per share between $0.66 and $0.68. For FY24, EPS is projected to be between $1.71 and $1.77, and diluted FFO per share between $2.61 and $2.67. The company also opened two Class-A development projects in the New York MSA.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:32 pm

CC

The Chemours Company anticipates a low to mid-single digit sequential decline in net sales for Q3 due to residual impacts from Q2 unplanned downtime, refrigerant seasonality, and weaker Freon™ pricing. However, strong adoption of Opteon™ Refrigerants and APM's Performance Solutions portfolio are expected to show double-digit year-over-year growth. Adjusted EBITDA is expected to decline by high-single digits sequentially due to costs related to the unplanned shutdown at Altamira.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:28 pm

AAPL

GOOG

META

RIVN

TSLA

Martha Stewart expressed her disappointment with Tesla Inc (NASDAQ:TSLA) and its CEO Elon Musk, citing concerns over the company's focus and the performance of its stock. Stewart, who owns shares in Tesla, also invested in other tech giants like Meta Platforms Inc (NASDAQ:META), Apple Inc (NASDAQ:AAPL), and Alphabet Inc (NASDAQ:GOOG). She recently purchased a Rivian Automotive Inc (NASDAQ:RIVN) vehicle, preferring it over Tesla's Cybertruck.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 8:28 pm