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ABNB

BKNG

EXPE

Expedia Group Inc (NASDAQ:EXPE) reported strong Q2 earnings, leading to an 8.3% rise in its stock price. Analysts highlighted Vrbo's growth and strong B2B performance, but noted concerns about future guidance and macroeconomic conditions.

Portfolio Pulse from Priya Nigam

August 09, 2024 | 3:15 pm

MCD

SBUX

YUM

YUMC

Yum China Holdings Inc. (NYSE:YUMC) reported a 4% revenue increase and a 12% rise in core operating profit for Q2, driven by AI deployment and new store formats. Despite economic headwinds, the company expanded aggressively, opening 401 new stores. Yum China's initiatives, including KCOFFEE and Pizza Hut WOW, boosted transaction volumes and operational efficiency. The company returned $249 million to shareholders through buybacks and dividends in Q2.

Portfolio Pulse from The Bamboo Works

August 09, 2024 | 3:13 pm

PENN

Penn Entertainment Inc (NASDAQ:PENN) beat earnings estimates in Q2, but analysts are divided on its future prospects. Benchmark issued a Hold rating, while Truist issued a Buy rating with a $25 price target. Concerns include potential aggressive promotional activities and competitiveness in the sports betting market.

Portfolio Pulse from Hayden Buckfire

August 09, 2024 | 3:09 pm

FTXR

RPV

General Motors (GM) remains committed to its operations in China despite facing losses and competition from local brands. CFO Paul Jacobson emphasized the goal of achieving cash stability without external capital. GM reported a $104 million loss in China for Q2, but the stock has gained over 18% in the past year. Investors can also gain exposure to GM through ETFs like First Trust Nasdaq Transportation ETF (FTXR) and Invesco S&P 500 Pure Value ETF (RPV).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 3:04 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares surged after the company reported better-than-expected Q2 financial results, with revenue up 71% year-over-year. The company also announced significant advancements in its Neutron rocket production and engine testing.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 3:01 pm

DOGEUSD

Dogecoin (DOGE) whale transactions are increasing, and the price action is improving. Analysts predict a potential 10x surge in DOGE's price, supported by technical indicators and Elon Musk's potential influence. Despite recent volatility, 70% of DOGE holders are in profit.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 2:59 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 9th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these levels for potential breakouts or reversals. The session is expected to have lower volatility due to a lack of significant U.S. economic data releases, but traders should be cautious of potential volatility spikes from large orders and expiring options.

Portfolio Pulse from RIPS

August 09, 2024 | 2:50 pm

PODD

Insulet Corporation (NASDAQ:PODD) reported a mixed Q2 with an EPS miss but a revenue beat. The company raised its full-year guidance and expects strong growth driven by Omnipod sales. William Blair maintains an Outperform rating, anticipating catalysts to boost revenue in 2025. PODD stock is down 7.35%.

Portfolio Pulse from Vandana Singh

August 09, 2024 | 2:48 pm

NKLA

Nikola Corp (NASDAQ:NKLA) reported strong fiscal Q2 2024 results, doubling truck deliveries and beating analyst estimates on sales and EPS. The company produced 77 trucks and shipped 73, maintaining a dominant market share in California's HVIP vouchers. Despite a gross loss of $54.7 million, adjusted EBITDA loss improved. NKLA stock surged 14.70% following the news.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 2:44 pm

BTCUSD

Renowned financial analyst Lyn Alden discussed Bitcoin's role in the current economic landscape, emphasizing its 24/7 liquidity and its performance during different types of financial crises. Alden suggested that Bitcoin should be viewed as a long-term investment rather than a short-term hedge, highlighting its potential benefits during pro-liquidity crises. She also noted the increasing institutional adoption of Bitcoin and its correlation with traditional markets.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 2:42 pm