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SONN

Sonnet Biotherapeutics shares are trading higher following the announcement of a new U.S. Patent Application filing.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:55 pm

ACI

COST

KR

SFM

TGT

July inflation data shows a modest 0.1% increase in the food-at-home index, with a notable 5.5% rise in egg prices. This has impacted the broader meats, poultry, fish, and eggs category, which saw a 0.7% increase. Other food categories like fruits and vegetables, and nonalcoholic beverages also saw price hikes, while cereals, bakery products, and dairy products experienced slight declines. The food-away-from-home category saw a 0.2% increase. Stocks to watch include Kroger, Costco, Target, Albertsons, and Sprouts Farmers Market, which may benefit from ongoing consumer spending on groceries.

Portfolio Pulse from Henry Khederian

August 15, 2024 | 7:43 pm

AAPL

ARM

QCOM

ARM Holdings shares surged after Elliott Management increased its position in the company. The hedge fund's involvement signals institutional confidence, and notable options activity suggests bullish sentiment. ARM Holdings is a key player in the semiconductor industry, licensing its architecture to major tech firms like Apple and Qualcomm.

Portfolio Pulse from Vaishali Prayag

August 15, 2024 | 7:26 pm

FLGC

Flora Growth Corp announced the launch of new JustCBD gummies aimed at stress and sleep relief. The products, Calm with GABA & L-Theanine, and Sleep with Magnesium & Melatonin, highlight the company's focus on customer well-being.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:18 pm

EXAS

Exact Sciences shares are trading higher after the company shared new modeling data on the projected impact of its Cologuard test since its FDA approval.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:11 pm

EWG

RTX

SPY

The U.S. has approved a potential $5 billion sale of Patriot missiles to Germany. This deal is expected to benefit defense contractors and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:08 pm

DIS

Disney has appointed Adam Smith, formerly of YouTube, as the Chief Product & Technology Officer for Disney Entertainment & ESPN, effective September 3. Smith will oversee a global product and technology group across Disney's entertainment and sports media businesses.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:06 pm

JOBY

Joby Aviation shares are trading higher after the company announced plans to continue ramping up production.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:06 pm

F

GM

TSLA

WKSP

The article discusses the mixed performance of the EV market globally. While Tesla and traditional automakers like General Motors and Ford are experiencing slowdowns and challenges in the U.S. and Europe, China's EV market is booming. Worksport Ltd. is highlighted for its impressive revenue growth and upcoming innovative products.

Portfolio Pulse from Upwallstreet

August 15, 2024 | 6:54 pm

HCM

Hutchmed's U.S. sales of its cancer drug Fruzaqla surged nearly 53% in Q2, but net profits fell 85% due to a high base effect from a previous licensing deal. The company plans to focus on innovative drugs and may divest its traditional Chinese medicine business.

Portfolio Pulse from The Bamboo Works

August 15, 2024 | 6:52 pm