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AMZN

WMT

Amazon shares are trading higher due to strong consumer spending data and an upbeat outlook from Walmart. Retail sales increased by 1% month-over-month in July, surpassing expectations, and jobless claims fell to their lowest levels in five weeks. Walmart's better-than-expected Q2 results and raised full-year outlook also contributed to Amazon's stock movement.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 2:20 pm

BKYI

BIO-key International, Inc. (NASDAQ:BKYI) has listed its PortalGuard IDaaS platform on the AWS Marketplace to expand its global reach. Despite this strategic move, the company reported a decline in Q2 revenues to $1.14 million from $1.9 million year-over-year, missing the consensus of $1.95 million. The revenue drop was attributed to delayed software license fees and reduced project-related services revenue. However, the net loss improved to $1.7 million from $2.6 million, and gross profit rose significantly. The company expects to benefit from stringent regulatory standards and cyber insurance requirements.

Portfolio Pulse from Akanksha Bakshi

August 15, 2024 | 2:19 pm

F

Ford Motor Co (NYSE:F) shares rose by 2.8% to $10.47 following strong U.S. retail sales data, particularly in the automotive sector. U.S. retail sales surged by 1% in July, with motor vehicle and parts dealers seeing a 3.6% increase. This positive economic indicator is expected to boost Ford's sales and revenue prospects.

Portfolio Pulse from Henry Khederian

August 15, 2024 | 2:19 pm

QQQ

SPY

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading higher by 5.77% to $213 due to stronger-than-expected retail sales, indicating increased consumer demand and confidence. This could boost expectations for higher vehicle sales for Tesla. The rise in major indexes like Invesco QQQ Trust (NASDAQ:QQQ) and SPDR S&P 500 ETF Trust (NASDAQ:SPY) also supports Tesla's stock price.

Portfolio Pulse from Henry Khederian

August 15, 2024 | 2:18 pm

DE

Deere & Co. (DE) executives report muted demand across all major markets due to a challenging macro environment, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:09 pm

CDLX

Cardlytics (NASDAQ:CDLX) has received mixed analyst ratings over the past three months, with a recent decline in the average 12-month price target by 27.08%. Analysts have adjusted their ratings and price targets, reflecting varied sentiments from 'Underperform' to 'Outperform'. The company faces challenges in revenue growth, profitability, and debt management.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 2:01 pm

SPY

USA Business Inventories for June increased by 0.3%, matching the estimated growth and down from the 0.5% growth in May.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:01 pm

INGR

Over the past three months, four analysts have evaluated Ingredion (NYSE: INGR), with ratings ranging from bullish to indifferent. The average 12-month price target has increased by 9.82% to $139.75. Analysts from UBS, Barclays, BMO Capital, and Oppenheimer have raised their price targets, reflecting positive sentiment despite recent revenue challenges.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 2:01 pm

VSCO

Victoria's Secret (NYSE:VSCO) has received mixed ratings from 7 financial analysts over the past quarter, with a range of opinions from bullish to bearish. The average 12-month price target has increased by 11.03% to $20.14. Analysts have raised their price targets but maintain cautious ratings, reflecting concerns over the company's financial performance, including declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 2:00 pm

SPY

USA retail inventories excluding autos for June increased by 0.2%, matching the estimated growth and improving from the previous month's 0.0% change.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:00 pm