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DIS

PENN

PENN Entertainment (NASDAQ:PENN) shares are trading marginally lower after announcing layoffs of approximately 100 employees to focus on expanding ESPNBet. The layoffs aim to improve operational efficiencies following the acquisition of theScore in 2021. PENN is entering a new growth phase with a $2 billion branding partnership with Walt Disney Company's (NYSE:DIS) ESPN.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 3:51 pm

ALK

Alaska Air Group (ALK) announced that it is planning for nearly flat capacity in August and September compared to the same period last year, as stated in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:50 pm

ALK

Alaska Air Group shares are trading lower after the company reported worse-than-expected Q2 sales results and cut its FY24 EPS guidance below estimates and issued Q3 EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:49 pm

BROS

CMG

DPZ

QSR

SG

Shares of restaurant and fast food stocks are trading lower in possible sympathy with Domino's, which fell after reporting mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:48 pm

TFIN

Triumph Financial shares are trading lower after the company reported worse-than-expected Q2 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:48 pm

AGEN

Agenus Inc. (NASDAQ:AGEN) stock plummeted over 50% on Thursday following the FDA's discouragement of an accelerated approval pathway for its immunotherapy combination, botensilimab and balstilimab, for colorectal cancer. Despite promising Phase 1 and Phase 2 trial results, the FDA's concerns about survival benefits led to the stock's decline. Agenus plans to seek partnerships for a Phase 3 trial in the U.S. and is also engaging with European regulators for approval paths.

Portfolio Pulse from Vandana Singh

July 18, 2024 | 3:47 pm

CLSK

Significant options activity has been detected for Cleanspark (NASDAQ:CLSK), with a notable amount of bullish sentiment. Large investors have been targeting a price range of $7.0 to $37.0 for CLSK over the last three months. The stock is currently down 9.09% at $17.34, with analysts setting an average target price of $27.5.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:47 pm

SCHW

Unusual options activity has been observed for Charles Schwab (NYSE:SCHW), with a mix of bullish and bearish trades. A total of 19 uncommon options trades were spotted, with 47% bullish and 42% bearish sentiment. The price range targeted by these trades is between $50.0 and $75.0. The stock is currently down 1.55% at $62.81, and analysts have mixed ratings with an average price target of $76.8.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 3:47 pm

FCX

HBM

SCCO

TECK

Shares of copper companies are trading lower due to uncertainty over China's supply and demand and a drop in the price of copper.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:43 pm

PFE

Pfizer Inc (NYSE:PFE) is nearing a bullish Golden Cross, indicating potential upward momentum for its stock. The stock is trading above key moving averages and has a strong MACD indicator, although the RSI suggests it is nearing overbought territory. Pfizer's oncology portfolio and products like Comirnaty and Paxlovid are expected to drive future growth, despite potential challenges.

Portfolio Pulse from Surbhi Jain

July 18, 2024 | 3:40 pm