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ALBT

DGLY

EWCZ

OUST

PFGC

SERV

VRCA

U.S. stocks traded higher with the Dow Jones gaining over 200 points. Performance Food Group (PFGC) shares rose 8% after strong Q4 results. Avalon Globocare (ALBT), Digital Ally (DGLY), and Serve Robotics (SERV) saw significant gains, while Ouster (OUST), Verrica Pharmaceuticals (VRCA), and European Wax Center (EWCZ) experienced notable declines.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 5:53 pm

Financial giants have made significant bullish moves on Boeing (NYSE:BA) with 36 unusual options trades. 50% of traders were bullish, and 36% were bearish. The trades included 15 puts valued at $789,847 and 21 calls valued at $1,249,340. Analysts have set an average price target of $217.4 for Boeing, with ratings ranging from Positive to Buy.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 5:45 pm

BTCUSD

Brent Johnson, CEO of Santiago Capital, reiterates his 'Dollar Milkshake Theory,' predicting a significant strengthening of the U.S. dollar, which could cause global economic turmoil and impact all asset classes, including cryptocurrencies like Bitcoin. Johnson suggests that understanding the dollar's movements is crucial for both traditional and crypto investment strategies.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 5:42 pm

NTDOF

NTDOY

Nintendo has informed developers that the release of its next gaming console, the 'Switch 2,' will likely not occur before April 2025. The new console is expected to feature a larger 1080p screen, magnetically attached controllers, and compatibility with existing Switch games. Nintendo aims to sell an additional 13.5 million units of the current Switch by the end of the fiscal year.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 5:42 pm

AAPL

PDD

TCOM

XIACY

The article discusses bullish bets on Chinese stocks, highlighting Xiaomi's success in the electric car market and comparing it to Apple's failed attempt. It also mentions two specific bullish trades on PDD Holdings and Trip.com Group, based on their undervaluation and technical ratings.

Portfolio Pulse from David Pinsen

August 14, 2024 | 5:34 pm

SONO

Sonos has laid off approximately 100 employees, primarily from its marketing division, as it continues to address issues with its mobile app redesign. The company is also closing some customer support offices, including one in Amsterdam. CEO Patrick Spence has emphasized that fixing the app is the company's top priority, even delaying two hardware launches to focus on this issue.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:33 pm

ARWR

Arrowhead Pharmaceuticals (NASDAQ: ARWR) announced plans to advance two new RNAi-based obesity candidates, ARO-INHBE and ARO-ALK7, into clinical studies. These candidates have shown potential in preclinical studies to reduce body weight and fat mass while preserving lean muscle mass. Arrowhead will submit clinical trial applications by the end of 2024 and aims to start clinical studies in early 2025.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:31 pm

SIGA

SIGA Technologies shares are trading higher following a report suggesting the WHO Director General said Mpox is a public health emergency of international concern.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:29 pm

GOOGL

SBUX

SCHW

TLT

TSLA

USO

XLF

XLY

Wall Street experienced mixed reactions as the July consumer inflation report showed a continued cooling trend, with the headline CPI at 2.9% year-over-year. Financial stocks outperformed, while communication services and consumer discretionary sectors lagged. Key movers included Alphabet Inc., Tesla Inc., and Starbucks Inc. Long-dated Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF. The U.S. dollar index remained steady, while oil prices and Bitcoin declined.

Portfolio Pulse from Piero Cingari

August 14, 2024 | 5:28 pm

AEMD

CMRX

GOVX

INO

MRNA

SIGA

TNXP

WHO Director-General Tedros Adhanom Ghebreyesus has declared Mpox a Public Health Emergency of International Concern. This announcement could impact companies involved in vaccine and treatment development for Mpox.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:27 pm