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AMC

AMC Entertainment Holdings Inc (AMC) shares are trading higher by 11% after the company announced the premiere of the TAYLOR SWIFT | THE ERAS TOUR concert movie in October. AMC Theatres will showcase the concert film with a minimum of four daily showtimes on Thursdays through Sundays. The company has expanded its ticket server capacity anticipating high ticket demand. However, AMC shares are otherwise lower by 80% over the trailing year. The company's AMC Preferred Equity Units underwent conversion into common stock, increasing the total AMC share count from roughly 542.2 million to 550 million shares.

Portfolio Pulse from Henry Khederian

August 31, 2023 | 1:19 pm

UBS

UBS Group reported a Q2 EPS of $8.99, up from $0.61 a year ago and $0.32 in Q1 FY23, following its takeover of Credit Suisse. The company's adjusted EPS stood at $(0.01), excluding goodwill of $28.925 billion. Sales increased 7% Y/Y to $9.54 billion, beating the consensus of $8.57 billion. UBS also announced plans for cost savings of at least $10 billion by 2026, starting with the elimination of 3,000 jobs in Switzerland. UBS shares are up 5.10% at $26.58 during the premarket session on the last check Thursday.

Portfolio Pulse from Vandana Singh

August 31, 2023 | 1:19 pm

SE

Sea Limited is reportedly relaunching one of its top mobile games in India, a year and a half after it was banned. This news has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:18 pm

ASO

Academy Sports And Outdoors Inc (NASDAQ:ASO) reported a Q2 FY23 sales decline of 6.2% YoY to $1.58 billion, in line with analyst consensus. Adjusted EPS of $2.09 beat the consensus of $1.99. The company increased its adjusted EPS guidance for FY23 to $6.95-$7.65, versus the consensus of $6.92. ASO shares traded higher by 12.54% at $56.20 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 1:17 pm

PSNY

Polestar Automotive Holding UK's shares are trading lower after the company missed second-quarter analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:16 pm

CIEN

Ciena Corp reported positive third-quarter results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:14 pm

AAL

American Airlines (NASDAQ:AAL) flight attendants have voted to authorize a potential strike if the company refuses to agree to reasonable contract terms. This comes after the airline's pilots approved a new contract with a substantial salary increase. The Association of Professional Flight Attendants (APFA) warns that ignoring this strike vote could be perilous for the company. AAL shares are trading higher by 0.54% at $14.85 premarket on Thursday.

Portfolio Pulse from Akanksha Bakshi

August 31, 2023 | 1:14 pm

AMZN

SHOP

Shopify Inc has partnered with Amazon.Com Inc to simplify the shopping process for Amazon Prime members. This collaboration has led to a rise in Shopify's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 1:13 pm

NIO

NIO Inc's shares have been trending lower after reporting Q2 earnings that missed estimates. The company reported a revenue of $1.21 billion, missing the consensus estimate of $1.35 billion, and a quarterly loss of 45 cents per ADS, missing estimates for a loss of 36 cents per ADS. Vehicle deliveries in the quarter totaled 23,520, down 24% sequentially and 6% YoY. Several analysts lowered price targets following the results. However, NIO provided optimistic guidance for Q3, expecting revenue of $2.61 billion to $2.69 billion and deliveries between 55,000 and 57,000.

Portfolio Pulse from Adam Eckert

August 31, 2023 | 1:12 pm

BTCUSD

ETHUSD

SPY

The article covers a range of market updates including potential approval of all spot Bitcoin ETFs by this fall, mixed Wall Street opening, and various stock movements. It also mentions the surge in Shib Inu burn rate, Grayscale's win over SEC, and a potential downside for Bitcoin, Ethereum, and Dogecoin. Other topics include political updates, economic reports, tech news, electric vehicle updates, and consumer news.

Portfolio Pulse from Akanksha Bakshi

August 31, 2023 | 1:12 pm