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CHK

EQT

UNG

U.S. natural gas prices are set to extend their gains for a fourth session due to lower-than-expected inventory builds and persistent heat. The United States Natural Gas Fund LP (NYSE:UNG) is tracking these gains. Major producers like EQT Corp. (NASDAQ:EQT) and Chesapeake Energy Corp. (NASDAQ:CHK) are planning to reduce output in response to low prices, which could help balance the market. Weather forecasts remain favorable for natural gas prices in the near term.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 2:41 pm

KARS

KGRN

NIO

NIO Inc. (NYSE:NIO) shares are trading nearly flat today, having lost over 71% in the past year. NIO's charging network has been integrated with Hellobike's services, offering discounts to users. NIO is also constructing two new vehicle assembly plants. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 2:30 pm

ELF

SPY

The market summary highlights a significant political event with Harris and Trump agreeing to a September debate, a natural disaster with Tropical Storm Debby moving through the East Coast potentially bringing tornadoes, and a notable market movement with elf Beauty's stock falling on earnings.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:11 pm

AMZN

MAGS

MSFT

NVDA

QQQ

SPY

A recent Benzinga poll asked readers which of the Magnificent 7 stocks they believe will best weather a recession. Amazon and Nvidia tied for the top spot, followed by Microsoft. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) experienced significant drops due to economic uncertainties. Despite recent market recovery, investors remain cautious about a potential recession.

Portfolio Pulse from Chris Katje

August 09, 2024 | 2:03 pm

ARM

Deep-pocketed investors are showing significant interest in ARM Holdings (NASDAQ:ARM) with a surge in options activity. The sentiment is mixed, with 41% bullish and 41% bearish. The stock is currently trading at $118.56, and analysts have given it an average target price of $155.6. Notable options activities include both puts and calls, indicating a price range of $105.0 to $270.0.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 1:46 pm

IGC

IGC Pharma (NYSE:IGC) reported a 51% YoY revenue decline for Q1 FY2025 due to the completion of its legacy project in India. Despite the revenue drop, the company highlighted significant milestones in Alzheimer's research, including progress in its Phase 2 clinical trial for IGC-AD1 and positive pre-clinical outcomes for TGR-63. The company also reported a net loss of $2.4 million and increased R&D expenses.

Portfolio Pulse from Nina Zdinjak

August 09, 2024 | 1:24 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ: ZCAR) has launched its first Fulfillment Center in Chennai and plans to add over 100 centers and 1000 cars by December 2024. These centers, operated by third-party service providers, aim to enhance guest experiences and manage car listings for hosts.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:21 pm

MRIN

Marin Software shares are trading higher following the announcement of AI-powered tool enhancements to its integrations with Reddit and X.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:13 pm

SCLX

Scilex Holding Company (NASDAQ:SCLX) has entered a Master Distributor Agreement with Devart Middle East Food Supplements and CH Trading Group to distribute ZTlido in Morocco, Tunisia, Libya, Jordan, Iraq, and South Africa. This agreement aims to expand the commercialization of ZTlido and potentially other non-opioid pain management products in the Middle East and North/South Africa markets.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:08 pm

HAIL

NIO

XPEV

XPeng Inc. (NYSE:XPEV) has revamped its organizational structure to focus more on AI technology, similar to competitors NIO Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI). The restructuring aims to enhance XPeng's smart driving technology by dividing its technology development division into three new divisions: AI end-to-end, AI applications, and AI efficiency. This strategic shift has led to a slight increase in XPeng's stock price. Investors can also gain exposure to XPeng through the SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 1:07 pm