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ZTS

Zoetis shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:25 pm

FUBO

FuboTV Inc (NYSE:FUBO) reported strong Q2 2024 results, with a 25% Y/Y sales growth to $390.97 million, beating analyst estimates. The adjusted EPS loss of $(0.04) also surpassed expectations. The company raised its fiscal 2024 revenue guidance, leading to a 19% premarket stock surge.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 1:25 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading higher following the company's announcement of a significant increase in Bitcoin production and operational hash rate for July. The company produced 692 Bitcoin, up 17% month-over-month, and increased its operational hash rate by 5% to 27.5 EH/s. Marathon is also deploying new technology to improve operations and expects further enhancements by the end of the year. The company holds $242.1 million in cash and $1.587 billion including Bitcoin holdings.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 1:18 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares are trading higher after reporting second-quarter financial results and announcing a $1.5 billion commitment from the Public Investment Fund (PIF). The company reported revenue of $200.6 million, beating estimates, but missed on earnings per share. Lucid produced 2,110 vehicles and delivered 2,394 vehicles in Q2, reaffirming its 2024 manufacturing expectations. The $1.5 billion commitment includes $750 million in convertible preferred stock and a $750 million unsecured delayed draw term loan facility.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 1:17 pm

TCNNF

Trulieve Cannabis Corp. reported its third consecutive quarter of revenue growth, with Q2 2024 revenue reaching $303 million, driven by higher retail traffic and increased wholesale revenue. The company also launched recreational cannabis sales in Ohio, marking a significant milestone. Financial highlights include a gross profit of $182 million, a net loss of $12 million (a 97% YoY improvement), and positive adjusted EBITDA of $107 million. Trulieve operates 206 retail dispensaries and over four million square feet of cultivation and processing capacity nationwide.

Portfolio Pulse from Jelena Martinovic

August 06, 2024 | 1:11 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading higher after reporting better-than-expected Q2 financial results and raising its guidance. The company saw significant growth in both commercial and government revenue, driven by strong demand for AI systems. Analysts have mixed views, with Deutsche Bank maintaining a Sell rating but raising the price target, while Wedbush called it a 'game changer' quarter.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 1:10 pm

AAPL

GOOG

GOOGL

Apple Inc. (NASDAQ:AAPL) may face potential fallout from Google’s recent antitrust defeat. A federal judge ruled against Google’s parent Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) in a significant antitrust case, which could jeopardize Google's lucrative search engine deal with Apple. This deal, worth $20 billion in 2022, is a vital part of Apple's services revenue. The ruling indicates a shift in the legal landscape that could impact Apple's future dealings.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 1:02 pm

SEDG

30 analysts have provided mixed ratings for SolarEdge Technologies (NASDAQ:SEDG) over the past quarter. The average 12-month price target has decreased by 26.66% to $47.6. Analysts have adjusted their ratings and price targets, reflecting a cautious outlook on the company's performance. SolarEdge faces challenges with declining revenue growth, net margin, ROE, and ROA, although it maintains a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 1:00 pm

TWKS

In the past three months, analysts have provided mixed ratings for Thoughtworks Holding (NASDAQ:TWKS), ranging from neutral to sell. The average 12-month price target is $3.22, with a high of $4.40 and a low of $2.50. Recent ratings include a neutral rating from Baird with a $4.40 target, a lowered neutral rating from Citigroup with a $2.75 target, and a sell rating from Goldman Sachs with a $2.50 target. Thoughtworks faces challenges with declining revenue, negative net margin, and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 1:00 pm

AEE

Ameren (NYSE:AEE) 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 is $79.83, with a high of $87.00 and a low of $72.00. Recent analyst actions include both raises and lowers in ratings and price targets. Ameren faces revenue challenges but has a strong net margin and a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 1:00 pm