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LOW

PANW

TGT

TJX

ZM

The S&P 500 and Nasdaq ended their eight-session winning streaks as investors await the Federal Reserve's Jackson Hole Symposium. Palo Alto Networks saw a 7% rise after strong earnings, while Lowe's reported good earnings but lowered its FY24 outlook. The Fear & Greed Index remains neutral.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 6:16 am

TSLA

Tesla has set a new production record at its Nevada Gigafactory, manufacturing over 500 Powerwalls in a single shift. This milestone is part of Tesla's strategy to ramp up energy storage deployments, with the company expecting significant growth in its energy business, outpacing its automotive segment.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 5:49 am

ZTO

ZTO Express has maintained its 2024 guidance, expecting parcel volume to increase by 15% to 18% year over year, reaching between 34.73 billion and 35.64 billion parcels. This reflects the company's current market and operating conditions.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:33 am

FINV

FinVolution Group has reiterated its 2024 transaction volume guidance, expecting growth in both China and international markets. The company projects a 5-10% increase in China and a 20-40% increase internationally, despite ongoing market uncertainties.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:31 am

ZTO

ZTO Express (Cayman) reported Q2 earnings per share of $0.47, beating the estimate of $0.45, marking an 11.9% increase from last year. However, sales of $1.48 billion slightly missed the estimate, despite a 9.9% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:24 am

FINV

FinVolution Group (NYSE:FINV) reported a 7.14% increase in Q2 earnings per share to $0.30, and a 2.78% increase in sales to $435.93 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 5:22 am

BBJP

DXJ

EWJ

Japan's exports for July increased by 10.3% year-over-year, which is below the estimated 11.4% but higher than the previous month's 5.4%. This data could impact ETFs with significant exposure to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:23 am

BBJP

DXJ

EWJ

Japan's trade balance for July was reported at -621.8 billion yen, significantly worse than the estimated -330.7 billion yen and the prior month's 224.0 billion yen surplus. This could impact ETFs with exposure to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:23 am

BBJP

DXJ

EWJ

Japan's trade balance was reported at -0.76 trillion yen, slightly worse than the estimated -0.72 trillion yen but an improvement from the prior -0.82 trillion yen. This could impact ETFs with exposure to Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:22 am

AMAT

Applied Materials (AMAT) shares fell 2.27% despite strong Q3 results and positive economic indicators. The company reported $6.78 billion in revenue and $2.12 EPS, exceeding expectations. Cooling inflation may lead to lower interest rates, benefiting capital-intensive industries like semiconductor manufacturing.

Portfolio Pulse from Henry Khederian

August 20, 2024 | 10:42 pm