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Global giants like Volkswagen, Mercedes-Benz, and L'Oréal are concerned about reduced demand in China due to a slowing economy and growing domestic competition. L'Oréal predicts a 2-3% fall in sales growth, and Porsche reports a one-third decrease in Chinese sales. Despite challenges, Yum China reported better-than-expected first-half results. Chinese tech giants Alibaba, Tencent, and JD.com are expected to provide further insights as they report earnings.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 1:07 pm

AMLX

Amylyx Pharmaceuticals announced the publication of data from the Phase 2 PEGASUS trial, showing that their drug AMX0035 affects cerebrospinal fluid biomarkers related to Alzheimer's disease and neurodegeneration. The findings were published in the journal Alzheimer's & Dementia: Translational Research & Clinical Interventions.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:06 pm

STIM

Neuronetics shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 revenue guidance below estimates. Additionally, Neuronetics announced it will acquire Greenbrook TMS in an all-stock transaction.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:02 pm

SCPH

scPharmaceuticals Inc. (NASDAQ:SCPH) received FDA approval for expanded use of Furoscix to include NYHA Class IV heart failure patients. The company also secured $125 million in non-dilutive financing to support commercialization efforts and released positive topline results from a pharmacokinetic study of SCP-111. Additionally, scPharmaceuticals announced a proposed public offering of shares and pre-funded warrants.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 1:02 pm

TORO

Toro (NASDAQ:TORO) reported a significant decline in its Q2 earnings and sales. The company's EPS dropped from $0.94 to $0.001, and sales fell from $24.86 million to $5.47 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:02 pm

STEP

StepStone Group (NASDAQ:STEP) has been analyzed by 6 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased by 12.5% to $46.17. Analysts have recently raised their price targets, reflecting positive sentiment. The company has shown positive revenue growth but faces challenges in net margin and asset utilization.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 1:01 pm

CLSK

In the last three months, 6 analysts have published ratings on Cleanspark (NASDAQ:CLSK), showing a range of perspectives from bullish to bearish. The average 12-month price target is $24.08, with a high of $28.00 and a low of $12.50. Recent analyst actions include both raises and lowers in price targets, reflecting changing market conditions and company performance. Cleanspark has shown impressive financial metrics, including a revenue growth rate of 162.77%, a net margin of 110.82%, and a return on equity of 10.9%.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 1:01 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) stock is trading lower on Monday following the release of its second-quarter financial results. The company reported $0.84 million in revenue, $2.3 million in interest income, and a GAAP net loss of $16.4 million. Despite a 52% gain over the last 12 months, the stock is down 2.59% premarket. The upcoming 2024 Presidential election, with Trump and Harris as key candidates, adds to the stock's volatility.

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 12:59 pm

EIPI

EIPX

TTE

TotalEnergies SE (NYSE:TTE) shares are trading higher premarket after the company supplied its first B100 biofuel bunker in Singapore, marking a significant step in its low-carbon fuel offerings. The biofuel, made from 100% Used Cooking Oil Methyl Ester, can reduce greenhouse gas emissions by 80% to 90%. TotalEnergies also sold its 50% stake in TPPL to Gunvor Group to focus on core markets. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 12:52 pm

ZOOZ

ZOOZ Power reported its earnings for the six months ended June 30, 2024, with an EPS of $(0.59), an improvement from $(0.91) year-over-year. However, revenue decreased to $543K from $784K year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:51 pm