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THTX

Theratechnologies Inc. (NASDAQ:THTX) has announced that all five U.S.-based clinical sites are now enrolling for the Phase 1 clinical trial of sudocetaxel zendusortide, the company's lead investigational peptide drug conjugate for the treatment of cancer. A sixth site in Canada is finalizing its start-up activity. The FDA has granted fast track designation to sudocetaxel zendusortide for the treatment of all sortilin-positive recurrent advanced solid tumors that are refractory to standard therapy.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:37 pm

TSLA

Tesla Inc's shares experienced volatility, surging 7.7% on Tuesday due to a drop in Treasury yields following the release of new U.S. economic data. The increase in Tesla vehicle registrations in China and the launch of a $300 million AI computing cluster powered by Nvidia chips also contributed to the surge. However, a bearish update from Guggenheim analyst Ronald Jewsikow, who reiterated Tesla with a Sell rating and maintained a $125 price target, seems to have caused some selling pressure.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 2:34 pm

DELL

HPQ

NVDA

HP Inc's Q3 report showed a drop in total revenue by 9.9% YoY to $13.20 billion, falling short of Refinitiv’s consensus estimate of $13.37 billion. The company's shares fell 5.6% in after-market trading. HP's PC rival, Dell Technologies, is set to report its Q2 results on August 31st. HP's CEO, Enrique Lores, expects sequential growth in Q4 but has lowered the company's outlook due to slower than expected external conditions. HP is turning to AI for growth opportunities as its legacy businesses fade.

Portfolio Pulse from Upwallstreet

August 30, 2023 | 2:30 pm

SPOT

TMUS

Late-night TV hosts Stephen Colbert, Jimmy Fallon, Jimmy Kimmel, Seth Meyers, and John Oliver have launched a podcast series called 'Strike Force Five' in response to the ongoing Hollywood strikes. The podcast, hosted on Spotify's Megaphone and supported by T-Mobile's Mint Mobile and Diageo, will donate all proceeds to the out-of-work staff from the hosts' respective shows. The strikes, which began in May, have caused delays in high-profile movies and TV shows and are a result of demands for better pay, working conditions, and protections against the misuse of AI in performances.

Portfolio Pulse from AJ Fabino

August 30, 2023 | 2:25 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is rising due to excitement about AI, the upcoming iPhone 15 launch, and weak economic data. OpenAI has reached a $1B run rate. Apple's stock historically moves up before a product launch and sells off after. Inflation is back in Europe. Positive money flows are seen in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA. Negative money flows are seen in Tesla. Mixed money flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Gold is rising on weak economic data. Bitcoin ran up after GBTC's victory against SEC in court.

Portfolio Pulse from The Arora Report

August 30, 2023 | 2:21 pm

NAOV

NanoVibronix Inc reported positive outcomes from a UroShield study conducted at the University of Southampton. The study showed a positive effect of UroShield on catheter-associated urinary tract infections and catheter blockage, with about one-third of patients citing a reduction in the frequency of catheter blockages. The company's shares are up 95.90% at $2.84.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:07 pm

GOOG

NVDA

Google has unveiled its next-generation artificial intelligence chip at its annual enterprise software conference, Google Cloud Next. Despite this, Google has also announced a partnership with Nvidia to offer Nvidia's AI chips through Google Cloud. This is due to many AI engineers preferring Nvidia's hardware, which is currently in short supply. Google is also trying to drive usage of its Tensor Processing Units, and is making it easier for developers to use both chips.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:05 pm

AMZN

CONN

CVX

GOOG

HYMTF

JBLU

PVH

WBD

WMT

Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

IBM

IBM's federal human resources (HR) shared service solution, IBM Federal HR Cloud, has received Federal Risk and Authorization Management Program (FedRAMP) authorization. The IBM Federal HR Cloud, which services over 500,000 employees across five federal agencies, is the only private sector HR shared services solution certified by the U.S. Office of Personnel Management (OPM) that actively services federal agencies. The FedRAMP authorization enhances the ability of federal HR departments to securely leverage today's latest technologies and services.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:01 pm

AMZN

MSFT

Amazon Web Services (AWS) had planned to unveil its artificial intelligence software, Bedrock, at its annual customer conference last November, but had to postpone due to technical issues. Shortly after, OpenAI released ChatGPT, an AI software that outperformed Bedrock. AWS, the leading provider of cloud services, is now under pressure as OpenAI has a close relationship with AWS's main competitor, Microsoft.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 1:59 pm