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STLA

Stellantis has announced the end of production of the Ram 1500 Classic at the Warren Truck Assembly Plant, leading to potential indefinite layoffs for about 2,450 employees starting as early as October 8. The plant will shift from a two-shift to a one-shift operating pattern in the General Assembly, while other operations will continue on two shifts to support Jeep Wagoneer production.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:18 pm

LYFT

LYFT Inc (NASDAQ:LYFT) shares are down 3.8% to $9.68 following the company's second-quarter earnings report. Despite strong results with adjusted EPS of $0.24 and revenue of $1.44 billion, the stock remains volatile. Lyft also reported significant improvements in free cash flow and active riders, and introduced a price lock feature. The company projects positive free cash flow for the full year.

Portfolio Pulse from Henry Khederian

August 09, 2024 | 5:10 pm

ASTS

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are trading lower on Friday after gaining more than 13% on Thursday. The company received FCC approval to launch its first five commercial BlueBird satellites, which have arrived in Cape Canaveral for a planned launch in September. The stock is trending on WallStreetBets, and 18.21% of its shares are being sold short, contributing to volatility. Analysts have an average 12-month price target of $12.95, with no recent adjustments.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 5:06 pm

NFLX

PARA

Netflix has announced that CBS Sports will produce the two NFL Christmas Day games on its platform this year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:06 pm

SPY

USO

President Biden has announced the lifting of the ban on offensive weapons sales to Saudi Arabia. This decision could have significant implications for defense contractors and the oil market.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:58 pm

SPRY

ARS Pharmaceuticals announced that for eligible patients without insurance coverage, the company will offer a cash price of $199 for two doses of neffy via BlinkRx.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:54 pm

NFLX

PARA

Netflix has partnered with CBS Sports to produce two NFL games for Christmas. The deal is for one year and covers production only, with on-air talent to be announced later.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:49 pm

U

Unity Software Inc. (NYSE:U) shares are rising after the company reported better-than-expected earnings for the 2024 fiscal year second quarter. Unity reported a loss of 32 cents per share, beating the estimated loss of 41 cents per share, and sales of $449.25 million, surpassing the expected $439.45 million. The company provided lower-than-expected revenue guidance for the third quarter and fiscal year. Additionally, Unity announced leadership changes with Mark Barrysmith as interim CFO and Jim Payne as Chief Product Officer for Advertising. Analysts have adjusted their price targets for Unity, with some lowering their targets.

Portfolio Pulse from Dylan Berman

August 09, 2024 | 4:20 pm

GOOG

GOOGL

Google has announced the release of Apache Airflow operators for its Generative AI, aiming to streamline AI workflows and enhance integration with its cloud services.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:16 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is experiencing a consolidation phase with mixed money flows in major tech stocks and ETFs. Despite a weak Treasury auction, the market saw a strong oversold bounce driven by short covering. Fed officials are not in favor of an emergency rate cut, and Bitcoin has surged above $60,000. Investors are advised to maintain a protection band and consider tactical positions in bonds.

Portfolio Pulse from The Arora Report

August 09, 2024 | 4:01 pm