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INDI

indie Semiconductor (INDI) expects Q3 2024 revenue to increase by 0%-5%, with a midpoint of 2.5%. The company also anticipates gross margins of approximately 50% and projects a return to industry-leading growth in 2025 and beyond due to its Radar and Vision programs.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:54 pm

FOSL

Fossil Group has reiterated its FY24 worldwide net sales outlook of approximately $1.2 billion. The company expects a negative impact of around $100 million due to the exit from its smartwatch business and the closure of owned retail stores. The fiscal year adjusted operating margin is projected to be between -3% to -5%, but the company anticipates generating positive free cash flow, including $57 million in tax refunds received in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:53 pm

AMPX

Amprius Technologies announced plans to spend an additional $1M-$2M on equipment to support their up to 2 MWH line in Fremont. This investment includes necessary tools to have the cathode line operational by Q4.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:35 pm

LYFT

Analysts have mixed views on Lyft Inc. (NASDAQ:LYFT) following its Q2 earnings report. While some see potential in strategic initiatives like the Price Lock feature, others are cautious due to competitive pressures and pricing effects. Price targets have been revised downwards by Truist Securities, RBC Capital Markets, and J.P. Morgan, reflecting concerns about Lyft's ability to meet long-term growth targets.

Portfolio Pulse from Vaishali Prayag

August 08, 2024 | 8:25 pm

CEG

Whales have shown a bullish stance on Constellation Energy (NASDAQ: CEG) with 62% of recent options trades being bullish. The stock price is currently $187.03, up 4.1%. Analysts have set an average price target of $217.67, with ratings ranging from Overweight to Buy.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 8:19 pm

CWT

MCY

PCG

THG

UNP

The Park Fire, California's fourth-largest wildfire, has burned over 426,000 acres in Northern California, affecting companies in the insurance, utilities, and logistics sectors. Hanover Insurance Group, Mercury General, PG&E, California Water Service Group, and Union Pacific could face impacts.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 8:11 pm

FTT

GBTC

SOLUSD

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Grayscale launches new crypto funds, and FTX is ordered to pay $12.7B to creditors. Solana spikes as Brazil approves the first Solana ETF. Analysts have mixed predictions for Bitcoin's future price movements.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 8:11 pm

CMCSA

DIS

FOX

FOXA

WBD

Former President Donald Trump and Vice President Kamala Harris have agreed to a presidential debate on Sept. 10, hosted by ABC, owned by The Walt Disney Company. Additional debates may be hosted by Fox Corporation and Comcast's NBC. The debates are expected to draw significant viewership.

Portfolio Pulse from Chris Katje

August 08, 2024 | 8:03 pm

NCBDY

Bandai Namco Hldgs ADR (OTC:NCBDY) reported a 24.8% increase in net sales and a 56.3% rise in profits for Q1 FY2024, driven by strong digital entertainment sales, particularly from the Elden Ring DLC. The company has updated its six-month forecast, anticipating higher net sales and profits.

Portfolio Pulse from Franca Quarneti

August 08, 2024 | 7:42 pm

COST

WMT

Costco Wholesale Corporation (NASDAQ:COST) is implementing membership scanners at store entrances to prevent non-members from entering. This move could impact competitors like Walmart Inc.'s (NYSE:WMT) Sam's Club and BJ's Wholesale Club Holdings Inc (NYSE:BJ), which have different membership enforcement policies.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 7:37 pm