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Fisker is adopting the North American Charging Standard (NACS) to gain access to Tesla's charging technology and infrastructure. Worksport Ltd reported a YoY revenue growth for Q2 2023, with U.S. revenue rising 3,567% YoY to $199,851. Worksport is also preparing to launch its SOLIS solar cover and COR portable battery, with Hyundai Motor Company integrating a customized version into its 2024 Santa Cruz pickup. Tesla continues to lower prices to boost volume and market share, despite a drop in operating margin to 9.6%.

Portfolio Pulse from Upwallstreet

August 15, 2023 | 3:24 pm

SPGC

Trading of Sacks Parente Golf Company (SPGC) shares has resumed.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:24 pm

AEY

ADDvantage Technologies Group reported a year-over-year decrease in Q2 financial results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:24 pm

SYTA

Siyata Mobile reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:23 pm

CSSE

Chicken Soup For The Soul Entertainment (CSSE) reported worse-than-expected Q2 revenue results, leading to a drop in its share price. Multiple firms also downgraded the stock and lowered their price targets.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:21 pm

BLNK

Blink Charging Co (NASDAQ:BLNK) is expanding its presence in Latin America, planning to launch region-specific products. The company has sold or deployed over 2,100 EV chargers across eight countries since entering the region in 2020. Blink plans to launch DCFC, commercial and residential Level 2 chargers fitted with GB/T plugs in the next few months. The company also plans to enter Brazil, Argentina, and Peru markets. Blink reported a Q2 EPS loss of $(0.44), beating the consensus of $(0.49), and sales of $32.84 million, beating the analyst consensus estimate of $23.76 million.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 3:20 pm

AAPL

AMZN

BRK-B

GOOG

JPM

META

MSFT

NVDA

QQQ

SPY

TSLA

USB

The U.S. economy, which is 70% consumer-based, continues to see strong retail sales, with July retail sales coming in at 0.7% vs. 0.4% consensus. However, this has led to concerns that the Federal Reserve may maintain high interest rates for longer. Fitch has warned that it may downgrade the credit ratings of several U.S. banks, including JPMorgan Chase & Co. and U.S. Bancorp. Home Depot Inc. has guided FY23 revenue down 2-5% and earnings down 7-13%. Berkshire Hathaway Inc. is buying three home builder stocks: Lennar Corp, DR Horton Inc, and NVR Inc. Saudi Arabia and U.A.E. are buying billions of dollars worth of NVIDIA Corp chips. Money flows are negative in Amazon.com, Inc., Microsoft Corp, Alphabet Inc Class C, Meta Platforms Inc, Tesla Inc, Apple Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

August 15, 2023 | 3:19 pm

FSLR

First Solar's internal audit revealed instances of forced labor among migrant workers in its Malaysian operations, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 3:19 pm

SPGC

Trading of Sacks Parente Golf Company (SPGC) shares was halted due to a circuit breaker triggered by a significant upward price movement.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:14 pm

Hawaiian Electric Industries, Inc. (NYSE:HE) shares are trading lower by 7.6% amid wildfires in Hawaii. The company is facing scrutiny for not shutting off power to reduce fire risks. Despite being aware that a power shutdown would have been an effective preventive measure, the utility still needed to integrate this strategy into its fire mitigation protocols.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 3:14 pm