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INTC

SPY

Intel is considering selling its stake in Mobileye due to investor pressure, which has led to a decline in its stock price. This move is part of a broader strategy to address investor concerns and potentially refocus on its core business. Meanwhile, the US stock market is experiencing volatility with major indices like the Dow and S&P falling, influenced by upcoming jobs data and a surge in the VIX. Additionally, Bitcoin and Ethereum have seen price drops, while Dogecoin remains stable, amid a weak private employment report.

Portfolio Pulse from Akanksha Bakshi

September 06, 2024 | 1:59 pm

ETHE

FBTC

GBTC

Bitcoin is nearing $55,000, but experts warn of a potential drop below $50,000 due to market indicators and significant outflows from Bitcoin and Ethereum ETFs. Notable outflows include Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. Broader economic factors and on-chain data suggest a challenging market ahead.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 1:52 pm

LKNCY

NYKHF

Nayuki Holdings Ltd. (OTC:NYKHF) reported a net loss in the first half of the year due to declining sales per store and increased costs, amidst intense competition in China's bubble tea market. The company's stock is valued lower than its peers, and it faces challenges from larger competitors using a franchise model.

Portfolio Pulse from The Bamboo Works

September 06, 2024 | 1:28 pm

DOOO

BRP Inc. (NASDAQ:DOOO) has revised its FY25 outlook downward following a significant drop in sales across all product lines. The company reported a 33.7% year-over-year revenue decline in Q2, with adjusted EPS falling to C$0.61. BRP's shares are down 7.69% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

September 06, 2024 | 1:24 pm

DIS

NFLX

Disney faces a data leak exposing sensitive information, including financial details from Disney+, ESPN+, and park revenues. The leak revealed significant revenue figures, such as $724 million from Genie+ and $2.4 billion from Disney+ in the March quarter. Despite the breach, Disney's streaming unit returned to profit in Q3.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 1:23 pm

SATX

SatixFy reported a significant improvement in its financial performance for the first half of the year. The company's earnings per share (EPS) improved from $(0.57) to $(0.25) year-over-year, and its revenue increased from $5.7 million to $6.1 million.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:17 pm

AFYA

Afya announced that the Ministry of Education has approved their request for reconsideration of medical seats at Unigranrio. This decision could potentially increase the number of medical students, impacting Afya's educational offerings and revenue.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:05 pm

TGNA

The Dallas Mavericks have signed a multi-year broadcast deal with TEGNA, allowing their games to be aired for free to 10 million viewers across Texas. This partnership could enhance TEGNA's viewership and advertising revenue.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:01 pm

BSFC

Blue Star Foods has reiterated its 2024 forecast of at least 65% revenue growth, driven by a strong business pipeline, new product roll-outs, and technological advancements in its operations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:01 pm

FUBO

Fubo has introduced a new proprietary CTV ad format aimed at enhancing branded video content. This development expands interactive ad opportunities on Fubo's platform, potentially increasing its advertising revenue.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:01 pm