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ASH

Ashland projects fiscal Q4 sales of $530M-$540M and adjusted EBITDA of $130M-$140M. FY sales are projected at $2.1B with adjusted EBITDA of $465M-$475M. The company is reducing inventory and lower value business exposure, expecting significant year-over-year margin improvement. Ashland anticipates mid-single-digit volume growth in Q4, offset by low-single-digit pricing declines. Additionally, Ashland plans to sell its nutraceuticals business to Turnspire Capital and is preparing for a choppy demand environment while advancing long-term growth strategies.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:06 pm

FLYW

Flywire Corporation (NASDAQ: FLYW) has acquired Invoiced, a SaaS platform that automates the order-to-cash process for B2B finance teams. This acquisition enhances Flywire's B2B payments solution, expands its customer base, and provides an opportunity to monetize billions in invoicing volume managed by Invoiced.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:05 pm

DVAX

Dynavax Technologies has reaffirmed its 2024 net product revenue guidance for HEPLISAV-B, projecting revenues between $265 million and $280 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:00 pm

SWIM

Latham has announced the acquisition of Coverstar Central to enhance its product line sales growth and adoption of automatic safety covers. This acquisition is expected to be immediately accretive to earnings and will support Latham's fiberglass conversion strategy. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:56 pm

BTC

DOGE

ETH

HOOD

SHIB

Cryptocurrency markets are recovering after a strong correction, with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Robinhood's Q2 earnings preview highlights a favorable environment for crypto trading. Despite market sell-offs, major institutions like BlackRock, Fidelity, Grayscale, and MicroStrategy have not offloaded Bitcoin. Analysts and traders provide mixed views on the market's future, with some seeing potential for Bitcoin to reach $60,000.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 8:50 pm

PR

Permian Resources has increased the mid-point of its full-year standalone oil and total production guidance by approximately 1.5% to 152 MBbls/d and 325 MBoe/d, respectively.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:41 pm

JOBY

Joby Aviation Inc. (NYSE: JOBY) saw a 3.64% rise in its stock price following news of its application for air taxi certification in Australia. Despite this positive development, the stock remains in a bearish trend, down 35.16% over the past year and 20.83% year-to-date. Technical indicators suggest continued bearish pressure, although there are potential bullish opportunities for risk-tolerant investors.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 8:39 pm

RUN

TSLA

Sunrun has announced a new partnership with Tesla Electric, which is expected to enhance their solar energy solutions and expand their market reach.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:34 pm

RIVN

VWAGY

Rivian Automotive (NASDAQ:RIVN) reported Q2 revenue of $1.16 billion, beating estimates, but missed EPS expectations with a loss of $1.46 per share. The company produced 9,612 vehicles and delivered 13,790. Rivian highlighted a joint venture with Volkswagen Group (OTC:VWAGY) aimed at accelerating software development and reducing costs. Rivian reaffirmed its full-year production guidance of 57,000 units and plans to launch the R2 vehicle in 2026.

Portfolio Pulse from Chris Katje

August 06, 2024 | 8:31 pm

RKLB

Rocket Lab has partnered with Kongsberg Satellite Services to develop a global ground station service. This collaboration aims to streamline operations for satellite deorbit, re-entry missions, and interplanetary neutron launches, enhancing communication for Electron launches and on-orbit operations.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:27 pm