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AAWH

Curio Wellness and Ascend Wellness Holdings have entered a strategic manufacturing and distribution partnership to expand their market reach in the U.S. Ascend will distribute Curio's products in Illinois, New Jersey, and Massachusetts, while Curio will distribute Ascend's products in Maryland and Missouri. This capital-light approach allows both companies to leverage their existing IP and brand value without significant capital investment.

Portfolio Pulse from Jelena Martinovic

August 12, 2024 | 7:50 pm

GLD

SLV

Gold and Silver are trading higher amid Middle East tensions, which could be lifting some safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:46 pm

LMT

NOC

RTX

In a month of global market turmoil, tech giants like Alphabet, Apple, and Tesla saw significant valuation drops, while defense companies Lockheed Martin, RTX Corporation, and Northrop Grumman experienced stock surges between 14% and 20%. Lockheed Martin's stock rose nearly 20% due to advancements like the Mako hypersonic missile and a significant aircraft delivery to New Zealand. RTX Corporation's stock climbed over 15% following a $1.2 billion deal with Poland for Patriot air-defense components. Northrop Grumman's stock increased by nearly 14% driven by projects like the Arctic Satellite Broadband Mission and advancements in air defense systems.

Portfolio Pulse from Surbhi Jain

August 12, 2024 | 7:45 pm

IAUX

i-80 Gold shares are trading higher following the announcement of positive results from their ongoing 2024 underground drilling program at the McCoy-Cove Property.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:43 pm

DIS

Epic Games is collaborating with The Walt Disney Company (NYSE:DIS) to introduce characters from Star Wars, Marvel, and Pixar into Fortnite. This collaboration, announced at the Disney Experiences Showcase during D23 2024, will start on August 12 and continue with the launch of Chapter 5 Season 4: 'Absolute Doom' on August 16. The update follows Disney's $1.5 billion stake in Epic Games acquired in March.

Portfolio Pulse from Franca Quarneti

August 12, 2024 | 7:26 pm

SPY

A 4.7 magnitude earthquake struck 4 km southwest of South Pasadena, California, according to the US Geological Survey (USGS).

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:23 pm

LMT

PPA

RTX

Russia evacuated civilians from a second area bordering Ukraine as Kyiv continues its ground offensive. The U.S. is sending additional weapons to Ukraine, benefiting U.S. ammunition manufacturers. RTX Corporation and Lockheed Martin Corporation saw stock gains, while the Spade Defense Index slipped.

Portfolio Pulse from Michael Juliano

August 12, 2024 | 6:48 pm

RUM

Rumble Inc (NASDAQ:RUM) is set to report its second-quarter financial results after the market close on Monday. The company is expected to report a loss of 15 cents per share and revenue of $19.69 million. Rumble has missed revenue estimates for three consecutive quarters. Last quarter, it reported revenue of $17.73 million and a loss of 21 cents per share. The company had 50 million monthly active users in the first quarter and ended the quarter with $183.8 million in cash and equivalents. CEO Chris Pavlovski will be interviewed after the earnings call to discuss the company's accomplishments and future plans, including the expansion of Rumble Premium. Wedbush analyst Scott Devitt has initiated coverage with a Neutral rating and a price target of $8. Rumble shares were down 3.78% at $5.62 at the time of publication.

Portfolio Pulse from Adam Eckert

August 12, 2024 | 6:38 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading slightly lower after posting better-than-expected Q2 results. Despite increased vehicle deliveries and a new refueling station, the company issued a going concern warning. DA Davidson lowered the price target from $12 to $10.

Portfolio Pulse from Erica Kollmann

August 12, 2024 | 6:36 pm

BYDDY

TSLA

Tesla's vehicle sales in China rebounded in July with a 15% year-over-year increase and a 7.8% market share of new electric vehicles. August sales are expected to be strong due to a holiday and buying incentives, potentially boosting Tesla's Q3 performance. Tesla's Shanghai gigafactory delivered 46,277 vehicles domestically in July, marking the best first month for a quarter in China. The Tesla Model Y was the bestselling new energy vehicle in China for the first half of 2024. Despite competition from BYD and demand concerns in the US, the strong rebound in China is positive for investors.

Portfolio Pulse from Chris Katje

August 12, 2024 | 6:33 pm