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Stock Prices

SPY

The NY Empire State Manufacturing Index for August has significantly underperformed expectations, coming in at -19 versus the estimated -1.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:31 pm

SPY

The Export Price Index for July has increased by 0.7%, which is higher than the estimated 0.2% and a significant improvement from the previous month's -0.9%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:31 pm

ONON

Shares of ONON are trading lower following the company's mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:30 pm

DFS

Discover Financial Services announced the resignation of its CEO and President, Roger C. Hochschild. This news has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:30 pm

PSFE

Paysafe Limited (NYSE:PSFE) reported Q2 FY23 revenue growth of 6% YoY to $402.338 million, beating the consensus of $394.16 million. Adjusted EPS was $0.56, down from $0.62 in 2Q22, but beating the consensus of $0.13. The company raised its FY23 revenue outlook to $1.595 billion-$1.608 billion, versus the consensus of $1.59 billion. PSFE shares were trading higher by 6.5% at $12.59 premarket on the last check Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2023 | 12:29 pm

DSGN

Wedbush analyst Laura Chico has downgraded Design Therapeutics (NASDAQ:DSGN) from Outperform to Neutral and set a price target of $6.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 12:28 pm

SE

Sea Ltd's shares are trading lower following the company's Q2 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:27 pm

BABA

FXI

JD

KWEB

Alibaba Group Holding Limited (BABA) and JD.com Inc (JD) stocks are trading lower as China releases data showing a weak economy and deepening property-sector issues. China's central bank cut the interest rate on its one-year medium-term lending facility (MLF) loans to 2.5%, injecting additional liquidity. However, fear of contagion risks in the property and finance sectors diluted the impact of the rate cut. Scion Asset Management exited its stakes in Alibaba and JD.com in Q2. Chinese ETFs, including IShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB), are also trading lower.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 12:27 pm

MCD

V

XOM

On CNBC's 'Halftime Report Final Trades', Exxon Mobil, McDonald's, and Visa were highlighted. Exxon Mobil trades at 12 times earnings with a 3.3% dividend yield and reported Q2 revenues of $82.91 billion, beating consensus. McDonald's reported a strong quarter with 13.6% YoY sales growth to $6.50 billion. Visa posted better-than-expected earnings for its Q3. All three stocks saw gains on Monday.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 12:27 pm

CSSE

Alliance Global Partners analyst Brian Kinstlinger has downgraded Chicken Soup for the Soul (NASDAQ:CSSE) from Buy to Neutral.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 12:26 pm