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LL

LL Flooring is considering strategic alternatives, which has led to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:34 pm

HNHPF

NVDA

Nvidia Corp's stock is trading higher amid reports of Saudi Arabia and the UAE aggressively acquiring the chipmaker's high-end chips for AI software development. This has intensified the global demand for these chips. Saudi Arabia has procured at least 3,000 Nvidia H100 chips, each valued at $40,000, while the UAE has also procured Nvidia chips. Foxconn has secured a significant order to produce chip substrates for Nvidia's HGX AI servers, meeting over half of Nvidia's total demand. UBS analyst Timothy Arcuri maintained Nvidia with a Buy and raised the price target from $475 to $540.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 12:33 pm

VLO

Valero Energy's stock has been downgraded from Buy to Neutral by B of A Securities, which also lowered its price target from $160 to $152. This has resulted in a decrease in the trading price of Valero Energy shares.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:32 pm

TME

Tencent Music's shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 12:31 pm

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