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Public.com has launched a new Bond Account to make bond investing more accessible to retail investors, offering yields up to 9%. This move comes as retail interest in bonds grows due to economic uncertainty and potential Federal Reserve rate cuts. The account allows investments in a diversified portfolio of corporate bonds from companies like Boeing, Tapestry, and Main Street Capital, with a minimum investment of $1,000.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 8:52 pm

DKNG

DraftKings shares are trading lower after Flutter CEO Peter Jackson announced that Flutter will not match the player surcharge in select states. This policy could encourage bettors to use Flutter instead of DraftKings, impacting market share among the two leading U.S. sportsbooks.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:51 pm

ELVA

Electrovaya has announced its FY24 revenue forecast of $45 million, which is significantly lower than the estimated $65.8 million.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:51 pm

CVR

Chicago Rivet & Machine (AMEX:CVR) reported a significant improvement in its Q2 earnings, with EPS rising to $0.15 from a loss of $(1.36) YoY. Sales also saw a slight increase to $8.06M from $8.05M YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:50 pm

KTCC

Key Tronic (NASDAQ:KTCC) reported Q4 earnings per share (EPS) of $0.10, an 11.11% increase from $0.09 YoY. However, sales dropped 22.71% to $125.69 million from $162.61 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:48 pm

NU

Nu Holdings Ltd (NYSE:NU) reported strong Q2 earnings with a 65% increase in revenue to $2.8 billion and a significant rise in adjusted net income to $563 million. The company added 5.2 million customers, bringing the total to 104.5 million, and saw a 64% increase in total deposits. Shares jumped 6.81% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 8:46 pm

GHSI

Guardion Health Sciences reported total revenue of $72,918 for its ocular products for the quarter ended June 30.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:46 pm

KTCC

Key Tronic reported Q4 2024 revenue of $125.7 million, a significant decrease from $162.6 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:40 pm

REED

Reed's has reiterated its financial outlook for FY24, expecting net sales growth, gross margin expansion, and modified EBITDA profitability. The company also anticipates generating positive operating cash flow for FY24.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:39 pm

BEEP

Mobile Infrastructure has reaffirmed its FY24 guidance, projecting revenue between $38M and $40M and net operating income between $22.5M and $23.25M.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:36 pm