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LRCX

The article provides a comprehensive analysis of Lam Research (NASDAQ:LRCX) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics, market position, and growth prospects are evaluated, highlighting Lam Research's strong financial performance, profitability, and growth potential.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

ON

The article provides a comprehensive comparison of ON Semiconductor (NASDAQ:ON) with its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics indicate that ON Semiconductor is potentially undervalued but faces challenges in profitability and revenue growth.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

LTCUSD

Litecoin's price has increased by 3.08% in the past 24 hours, continuing a positive trend with an 11.0% gain over the past week. The trading volume has risen by 10.0%, while the circulating supply has decreased slightly. Litecoin's current market cap is $4.91 billion, ranking it #23.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 3:00 pm

ROMJF

Rubicon Organics Inc. (OTC:ROMJF) reported a 7% increase in net revenue for Q2 2024, reaching CA$12.1 million. However, gross profit decreased by 12% to CA$4.05 million due to a shift in consumer preferences towards larger format purchases. The company also reported a decline in adjusted EBITDA and gross profit before fair value adjustments. Despite these challenges, Rubicon generated positive operating and free cash flow and continues to invest in growth initiatives.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2024 | 2:57 pm

ACRHF

CGC

Acreage Holdings reported a 33% year-over-year revenue decline for Q2 2024, citing liquidity constraints. Despite a net loss of $24.1 million, the company is focusing on strategic growth in Ohio and other key states. Acreage is also advancing its acquisition by Canopy USA, expected to close in the first half of 2025.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 2:52 pm

CBWTF

Auxly Cannabis Group Inc. reported record Q2 2024 financial results with a 33% YoY revenue increase, achieving CA$29.2 million in net revenues. The company also saw significant improvements in gross margin and adjusted EBITDA, and a net income of CA$2 million compared to a net loss in the previous year.

Portfolio Pulse from Jelena Martinovic

August 15, 2024 | 2:47 pm

CVX

DRLL

XLE

Chevron Corporation (NYSE:CVX) will pay Richmond $550 million over 10 years, avoiding a new refinery tax. The agreement led to the withdrawal of a proposed tax measure on Chevron's Richmond refinery. Chevron also began oil and natural gas production from the Anchor project in the Gulf of Mexico. CVX shares are up 1.15%. Investors can gain exposure via EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE).

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 2:44 pm

BMY

JNJ

LLY

MRK

The Biden administration announced that Medicare's newly negotiated prescription drug prices, expected to save the U.S. government $6 billion in the first year, will take effect in 2026. This initiative, part of the Inflation Reduction Act, aims to lower healthcare costs for Medicare recipients. Key drugs impacted include Bristol Myers Squibb's Eliquis, Merck's Januvia, Johnson & Johnson's Imbruvica, and Eli Lilly's Jardiance. Despite the savings, the direct benefit to patients remains unclear.

Portfolio Pulse from Vandana Singh

August 15, 2024 | 2:38 pm

SPTN

SpartanNash Company (NASDAQ:SPTN) reported Q2 adjusted EPS of 59 cents, beating estimates, but revenues of $2.23 billion missed expectations. Net sales dropped 3.5% due to lower volumes in Wholesale and Retail segments. Despite weaker consumer demand, the company reaffirmed its FY24 guidance. SPTN shares rose 7.3% following the report.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 2:34 pm

SING

SinglePoint (BATS:SING) has outperformed the market over the past 10 years with an average annual return of 13.26%, resulting in a $100 investment growing to $359.32. The company currently has a market capitalization of $123.98 million.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 2:32 pm