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CELL

Trading of PhenomeX shares has resumed.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:50 pm

LITE

Lumentum Holdings Inc reported Q4 2023 revenue of $370.8 million, down by 12.2% YoY but beating the consensus of $366.5 million. Adjusted EPS of $0.59 also beat the consensus of 55 cents. However, the company's Q1 FY24 revenue and EPS forecasts are below consensus estimates, which led to a slight dip in its share price.

Portfolio Pulse from Anusuya Lahiri

August 17, 2023 | 1:49 pm

CANO

DDOG

DSGN

FTNT

GNRC

IWM

ORGN

PYPL

QQQ

SEDG

SPY

The S&P 500, Nasdaq 100, and Russell 2000 indices have all breached a crucial technical support level, indicating a potential shift in market trends. The indices had experienced significant growth from the beginning of the year to the end of July, but have seen a pullback in August. The iShares Russell 2000 ETF (IWM), Invesco QQQ Trust (QQQ), and SPDR S&P 500 ETF Trust (SPY) have seen declines of 6%, 5%, and 3% respectively. The worst performers for the month include SolarEdge Technologies (SEDG), Generac Holdings (GNRC), Etsy (PYPL), Fortinet (FTNT), Datadog (DDOG), PayPal (PYPL), Design Therapeutics (DSGN), Origin Materials (ORGN), and Cano Health (CANO).

Portfolio Pulse from Piero Cingari

August 17, 2023 | 1:49 pm

SPGC

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

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:49 pm

HE

Shares of Hawaiian Electric Industries (HE) were halted on a circuit breaker to the upside, but the stock is now down by 20.7%.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:48 pm

SFL

SFL Corp Ltd reported Q2 FY23 revenue of $164.56 million, missing the consensus of $175.23 million. However, Q2 EPS of $0.13 beat the estimate of $0.07. The company declared a quarterly dividend per share of $0.24. SFL's Board of Directors authorized the repurchase of up to $100 million in common shares, with approximately $90 million remaining under the program. SFL shares are trading lower by 1.99% at $10.36.

Portfolio Pulse from Lekha Gupta

August 17, 2023 | 1:44 pm

HE

Trading of shares in Hawaiian Electric Industries (HE) has resumed.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:42 pm

BCHUSD

BTCUSD

COMPUSD

ETHUSD

Cryptocurrency prices fell on Thursday, with Bitcoin trading below $28,500 and Ethereum below $1,800. This follows the release of U.S. jobless claims data, which showed a decline of 11,000 to 239,000. The global crypto market cap also fell by 1.7% to $1.13 trillion. Rocket Pool was the top gainer over the past 24 hours, while Sei was the biggest loser.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 1:42 pm

SPGC

Shares of Sacks Parente Golf Company (SPGC) were halted on a circuit breaker to the upside, but the stock is now down by -4.92%.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:39 pm

HSDT

Shares of Helius Medical Technologies have resumed trading.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 1:38 pm