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LUV

Southwest Airlines has announced the return of its limited-time Tier Acceleration Promotion, allowing Rapid Rewards Credit Cardmembers to earn tier status more easily through increased credit card spending. The promotion runs from September 1, 2024, to November 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 9:00 pm

IREN

Iris Energy has confirmed that its 2024 guidance remains unchanged and is on track to achieve a 20 EH/s milestone next month and 30 EH/s by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:42 pm

NVDA

SOX

Nvidia's Q2 earnings and revenue exceeded expectations, driven by strong data center revenue. Despite issuing positive Q3 guidance and announcing a $50 billion stock repurchase, Nvidia's stock fell 3.6% in after-hours trading due to concerns over gross margin contraction and potential delays in the Blackwell AI chip. Nvidia's stock has gained 154% year-to-date, outperforming major indices.

Portfolio Pulse from Shanthi Rexaline

August 28, 2024 | 8:40 pm

ALL

Allstate has been approved for a 34.1% increase in home insurance rates in California, the largest for a major insurer in three years. This increase is due to higher claims for water and fire damage. The rate hike will affect 350,000 customers, with some seeing significant increases. Allstate has stopped writing new policies but may resume if rates reflect the cost of protection.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:37 pm

FMC

FMC Corporation has been granted a temporary restraining order against Sharda US, preventing them from importing, marketing, advertising, selling, or distributing any premix products containing Bifenthrin and Cyano-Pyrethroids covered by FMC's patents.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:35 pm

CRM

Salesforce reported strong Q2 earnings, beating revenue and EPS estimates. The company highlighted its new AI platform and announced a CFO transition. Salesforce raised its full-year earnings outlook, and shares rose 3.51% after hours.

Portfolio Pulse from Adam Eckert

August 28, 2024 | 8:35 pm

DOV

Dover Corporation's subsidiary, Rotary, has introduced the Rotary Flex MAX Linker, a new product that allows technicians to control up to 18 mobile column lifts with a single remote. This innovation is aimed at enhancing efficiency in large-scale vehicle lifting operations.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:24 pm

NVDA

Nvidia's CEO has stated that the demand for their Hopper product remains strong, and there is incredible anticipation for their upcoming Blackwell product.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:23 pm

BABA

PDD

Alibaba shares are trading lower due to broader market sentiment affecting U.S.-listed Chinese stocks, influenced by PDD Holdings' earnings report. Despite this, Alibaba has potential catalysts like its expected inclusion in the Stock Connect program, which could increase liquidity. The company is also advancing its AI ambitions, although recent earnings showed mixed results.

Portfolio Pulse from Vaishali Prayag

August 28, 2024 | 8:20 pm

BYRN

Byrna Technologies Inc. announced a significant sale to the Ministry of the Interior of Uruguay, which purchased 400 Byrna launchers and over 100,000 rounds of less-lethal ammunition for the Uruguayan National Police. This deal highlights the growing adoption of less-lethal security solutions.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:19 pm