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META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 10th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo highlights potential bullish and bearish targets for each asset, emphasizing the importance of monitoring these levels closely. The upcoming Producer Price Index (PPI) release and a speech by Federal Reserve member Raphael Bostic are expected to influence market movements significantly.

Portfolio Pulse from RIPS

August 13, 2024 | 2:22 pm

APLM

CXAI

GNPX

SYRS

TELA

VEV

U.S. stocks surged with the Nasdaq Composite gaining over 200 points. The Dow and S&P 500 also saw gains. Information technology shares climbed, while energy shares fell. U.S. producer prices rose 0.1% in July. Notable stock movements included Vicinity Motor Corp. (VEV) up 154%, CXApp Inc. (CXAI) up 92%, and Apollomics, Inc. (APLM) up 41%. Syros Pharmaceuticals, Inc. (SYRS) dropped 59%, Genprex, Inc. (GNPX) fell 32%, and TELA Bio, Inc. (TELA) fell 30%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:54 pm

AEMD

GOVX

INO

MRNA

SIGA

TNXP

The Africa CDC has declared Mpox a public health emergency of continental security, highlighting the urgency and potential impact of the disease on the continent.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:51 pm

KSCP

Knightscope has secured an order for 23 K1 Blue Light Emergency Phones from its authorized partner NSS/TS&L for installation at a leading Florida cancer center.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:41 pm

ABBV

BMY

RHHBY

SYRS

Syros Pharmaceuticals (NASDAQ:SYRS) announced the discontinuation of its SELECT-AML-1 Phase 2 trial for a leukemia treatment due to disappointing interim results. The trial compared a triplet regimen including tamibarotene, venetoclax (marketed by AbbVie Inc. and Roche Holdings AG), and azacitidine (marketed by Bristol Myers Squibb & Co) to a doublet regimen. The stock of Syros Pharmaceuticals dropped by 60.50% following the news.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 1:41 pm

BCE

The Canadian telecom regulator has mandated that BCE, Telus, and Sasktel provide their rivals with wholesale access to their fiber-optic networks. This move aims to increase competition in the telecom sector.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:33 pm

BYDDY

TSLA

Tesla's Model Y remains the top-selling BEV in China from January to July 2024 with 298,384 units sold, despite a 17% year-over-year decline. The BYD Seagull is closing the gap with 227,293 units sold. Tesla's Model 3 is the third best-selling BEV. TSLA shares are trading lower by 0.20% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 1:27 pm

CAAS

China Automotive Systems, Inc. (NASDAQ: CAAS) reported Q2 FY24 EPS of $0.24, down from $0.35 a year ago. Net sales increased 15.4% Y/Y to $158.6 million, beating the consensus of $137.41 million. Electric Power Steering (EPS) product sales surged 33.7% to $55.6 million. Gross profit rose 29.0% Y/Y to $29.3 million, with margin improving to 18.5% from 16.5%. Income from operations grew 38.7% Y/Y to $10.8 million. The company reiterated revenue guidance for FY24 of $605.0 million. CAAS shares are up 3.17% premarket.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 1:25 pm

AAPL

DLB

RIVN

Rivian announced the integration of Apple Music's premium spatial audio with Dolby Atmos support into all its electric vehicles for Apple Music subscribers.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:21 pm

DKS

DICK'S Sporting Goods is set to open an 800,000-square-foot regional distribution center in Fort Worth, Texas, by 2026. This will be the company's sixth distribution center and is expected to create 300 jobs. The new facility will support over 100 stores across multiple states.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:11 pm