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Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp warned of potential severe conflicts in the Middle East and reaffirmed the company's support for U.S. interests and allies, including Israel. This announcement led to a 12.16% surge in Palantir's stock during after-hours trading. The warning comes amid escalating tensions in the region, with increased U.S. military presence and potential threats from Iran. Palantir's AI technology continues to play a crucial role in supporting U.S. government goals in the Middle East.

Portfolio Pulse from Kaustubh Bagalkote

August 06, 2024 | 5:38 am

AMD

GOOGL

NVDA

PLTR

TSLA

On Monday, significant declines hit U.S. and Japanese markets due to concerns over a slowing U.S. economy, sparking a global sell-off. The Dow Jones Industrial Average fell 2.6%, while the S&P 500 and Nasdaq Composite also faced substantial losses. Japanese stocks experienced their biggest one-day drop since 1987. Key stocks on investors' radars included Palantir, Alphabet, Nvidia, AMD, and Tesla, with varying impacts on their share prices.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 4:10 am

NVDA

Nobel laureate Paul Krugman ridiculed Bitcoin's store of value narrative, comparing its volatility to NVIDIA Corp. (NASDAQ: NVDA). Krugman highlighted the growing correlation between Bitcoin and technology stocks, questioning Bitcoin's 'digital gold' thesis. Bitcoin was trading at $55,791.75, up 2.55%, while NVIDIA shares ended 6.36% down at $100.45.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:48 am

BTCUSD

Economist Peter Schiff criticized Senator Cynthia Lummis' proposed legislation to establish a U.S. Bitcoin reserve, arguing it would lead to inflation. The bill aims to purchase 1 million Bitcoin, funded by the Federal Reserve printing more money. Schiff and other economists argue that Bitcoin's volatility makes it unsuitable as a reserve asset.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:35 am

AAPL

HOOD

NVDA

Robinhood Markets Inc (NASDAQ:HOOD) has suspended its 24-hour trading service due to issues at its third-party execution venue, Blue Ocean ATS. This comes amid a turbulent period for global markets, with Robinhood shares dropping nearly 12% and major indices like the Dow Jones, S&P 500, and Nasdaq Composite experiencing significant declines. Other firms, including Charles Schwab, also faced technical issues on the same day.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 2:45 am

AAWH

ACRHF

CCHW

CRLBF

GTBIF

MRMD

VEXTF

As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science (OTC:VEXTF) with an Overweight rating, citing significant growth potential. Zuanic projects Vext's EBITDA could grow six-fold by CY26. The Ohio market is expected to reach $2.36 billion by 2026. Despite trading in line with the MSO average, Vext's stock valuation does not yet reflect the expected EBITDA ramp. Other MSOs mentioned include Acreage (OTCQX:ACRHF), Cannabist (CSE:CCHW), Ascend (OTC:AAWH), Cresco (OTC:CRLBF), Green Thumb (OTCQX:GTBIF), and MariMed (OTCQB:MRMD).

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:52 pm

GTBIF

Green Thumb Industries Inc. (OTC:GTBIF) reported strong Q2 2024 financial results with an 11% increase in revenue to $280 million, a net income of $20.7 million, and an adjusted EBITDA of $94 million. The company also repurchased shares worth $20 million and opened new dispensaries, contributing to its market expansion. However, rising costs and regulatory challenges remain areas to watch.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:15 pm

RKLB

Rocket Lab has introduced its Advanced Satellite Dispenser (ASD) at the Small Satellite Conference in Logan, Utah. The ASD is a cost-effective and versatile deployment mechanism for small satellites, building on the company's successful Canisterized Satellite Dispenser (CSD) technology.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:09 pm

OTTR

Otter Tail Corporation has increased its FY24 EPS guidance from $6.23 - $6.53 to $6.77 - $7.07, citing continued strength in its Plastics segment. Despite strong quarterly results in the Manufacturing segment, the company anticipates demand-related headwinds in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:05 pm

CMCSA

GPS

NKE

Simone Biles made history at the 2024 Summer Olympics by winning three gold medals and one silver, becoming the most decorated U.S. gymnast. This comes after her controversial withdrawal from the 2020 Olympics for mental health reasons, which was criticized by J.D. Vance, now a vice-presidential pick. The 2024 Olympics were aired on Comcast's NBC and streamed on Peacock. Biles' sponsors, including Gap's Athleta, Nike, Visa, and Coca-Cola, have shown strong support for her.

Portfolio Pulse from Chris Katje

August 05, 2024 | 9:56 pm