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SE

Citigroup has downgraded Sea Ltd's stock from Buy to Neutral, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:35 pm

NU

Nu Holdings reported its Q2 financial results, leading to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:34 pm

JKHY

Jack Henry & Associates (JKHY) reported Q4 financial results and issued FY24 EPS and revenue guidance below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:33 pm

JD

JD.com reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:31 pm

SPY

USA Housing Starts for July were reported at 1.452M, slightly above the estimated 1.448M and significantly higher than the prior figure of 1.398M.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:30 pm

JD

JD.com reported Q2 FY23 revenue growth of 7.6% YoY to $39.7 billion, surpassing the consensus of $38.7 billion. Non-GAAP net income per ADS of $0.74 also beat the consensus of $0.66. The company's net product revenue grew by 3.5% YoY to $32.25 billion, and net service revenues rose 30.1% YoY to $7.46 billion. JD.com generated $6.14 billion in free cash flow and held $33.5 billion in cash and equivalents. Despite the positive results, the company's stock fell with the broader China index.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 12:30 pm

CHRW

Credit Suisse analyst Ariel Rosa has maintained an 'Underperform' rating on C.H. Robinson Worldwide (NASDAQ:CHRW) and lowered the price target from $93 to $92.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 12:30 pm

VFS

VinFast Auto shares are experiencing volatility following the company's recent debut on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:29 pm

CAH

Cardinal Health Inc (NYSE:CAH) reported better-than-expected Q4 earnings and raised its FY24 guidance. The company's Q4 adjusted EPS was $1.55, up 48% Y/Y, beating the consensus of $1.48. Sales increased 13% to $53.45 billion, beating the consensus of $52.41 billion. Following the earnings announcement, Mizuho and Baird analysts increased their price targets on Cardinal Health.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:27 pm

CHPT

CVS

NEE

OPEN

VLRS

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', expressed his views on several stocks. He mentioned that Opendoor Technologies is not making any money and he can't support it. He noted that money is moving from NextEra Energy to Constellation Energy Corp, but he expects this to reverse. He commented that CVS Health Corporation is fine but not great due to shrinkage and pilferage. He also mentioned that ChargePoint Holdings is losing too much money and he doesn't want to touch it. Lastly, he expressed his disinterest in Controladora Vuela Compañía de Aviación due to its big run and the retreat of most airlines.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:24 pm