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Stock Prices

DADA

Dada Nexus Ltd (NASDAQ:DADA) reported Q2 FY23 sales of $401.37 million, missing the analyst consensus of $418.25 million. However, the company posted its first-ever positive quarterly non-GAAP net income, with an adjusted EPS of $0.00, beating the consensus estimate of $(0.02). For Q3, DADA expects net revenues of RMB 2.8 billion - RMB 3.00 billion, representing a 17.6% - 26% growth Y/Y.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 9:44 am

MTDR

Mizuho analyst Nitin Kumar has upgraded Matador Resources (NYSE:MTDR) from Neutral to Buy.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 9:39 am

CVX

Mizuho analyst Nitin Kumar has upgraded Chevron (NYSE:CVX) from Neutral to Buy.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 9:38 am

BABA

BIDU

MCHI

Chinese stock exchanges have asked investment funds to avoid selling more domestic shares for a day, a tactic used in times of adversity. This comes as the Chinese Shanghai Composite Index has been down in seven of the past eight sessions, primarily due to a default by property developer Country Garden. CNBC's Jim Cramer has advised buying high-profile China tech stocks such as Alibaba, Baidu, and JD.com, expecting China to stimulate its stock market. The iShares MSCI China ETF ended down 1.65%.

Portfolio Pulse from Shanthi Rexaline

August 16, 2023 | 9:36 am

META

Elon Musk and Mark Zuckerberg's ongoing public feud has escalated, with Musk accusing Zuckerberg of avoiding a confrontation. Musk claimed to have spotted 'hasty bag packing' at Zuckerberg's residence, suggesting an attempt to avoid a fight. The feud has been ongoing for several weeks, with both billionaires taking shots at each other publicly. Zuckerberg's spokesperson informed Musk that he is not in town, further escalating the situation.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 9:34 am

AVAL

JP Morgan analyst Yuri Fernandes has downgraded Grupo Aval Acciones (NYSE:AVAL) from Neutral to Underweight.

Portfolio Pulse from richadhand@benzinga.com

August 16, 2023 | 9:08 am

BTCUSD

ETHUSD

SEI token (SEI), a layer-1 cryptocurrency, has seen a 29% surge over the past 24 hours, despite a dip in Bitcoin (BTC) and Ethereum (ETH). The surge is partly due to its listing on global exchanges like Binance and Coinbase. South Korean exchanges have seen the highest trading volume for SEI Token in the past 24 hours. SEI's alpha phase of the blockchain saw 400 million transactions and the creation of 7.5 million test wallets.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 9:07 am

CSCO

DLO

MRCY

TJX

The article highlights five stocks to watch on Wednesday: The TJX Companies, Inc. (TJX), Mercury Systems, Inc. (MRCY), JD.com, Inc. (JD), DLocal Limited (DLO), and Cisco Systems, Inc. (CSCO). TJX is expected to post quarterly earnings of 76 cents per share on revenue of $12.42 billion. MRCY reported weaker-than-expected Q4 results and issued a weak FY24 forecast. JD is expected to have earned 67 cents per share on revenue of $38.66 billion. DLO reported better-than-expected Q2 results and reaffirmed FY23 revenue guidance. CSCO is expected to report quarterly earnings of $1.06 per share on revenue of $15.05 billion.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 8:09 am

AAPL

Apple's 16-inch MacBook Pro with M1 Max chip is available at a $1,200 discount on Adorama. Despite the presence of M2-powered MacBooks, the M1 Max MacBook Pro remains a powerful option for most tasks, including intensive video editing and multitasking.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 7:57 am

CSCO

KBE

TGT

TJX

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors, with the Dow Jones falling more than 300 points. The SPDR S&P Regional Banking ETF (KBE) declined around 3%. China reported disappointing economic data, while the U.S. saw a rise in retail sales and export prices. The Home Depot, Inc. (HD) reported better-than-expected Q2 results. Investors are awaiting earnings results from Target Corporation (TGT), The TJX Companies, Inc. (TJX), JD.com, Inc. (JD) and Cisco Systems, Inc. (CSCO).

Portfolio Pulse from Lisa Levin

August 16, 2023 | 6:58 am