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MUFG

Mitsubishi UFJ Financial Group's (NYSE:MUFG) short percent of float has fallen 14.29% since its last report, with 6.63 million shares sold short, which is 0.06% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, MUFG has less short interest as a percentage of float, with an average of 0.96%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 3:45 pm

GM

General Motors (GM) is reportedly facing issues with assembling battery modules for its electric vehicles, affecting production. The problem impacts a range of GM's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans. Despite this, GM's Cruise automated vehicle operation is seen as a bright spot, having largely solved all technology challenges. GM shares are trading lower by 3.2%.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 3:44 pm

LCID

Lucid Group Inc's shares are trading lower by 4.17% despite no company-specific news. The stock is pulling back after the company reported Q2 financial results and confirmed it is on track to achieve its 2023 production target. Lucid's Q2 revenue was $150.9 million, falling short of the estimated $201.9 million. The company also incurred a loss of 40 cents per share, exceeding the anticipated loss of 35 cents.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 3:44 pm

TCOM

Shares of Trip.com Group Ltd (NASDAQ:TCOM) are trading higher by 4.4% amid strength in several Chinese stocks, including Alibaba Group Holding, which reported better-than-expected Q1 financial results. The strong results from Alibaba suggest increased consumer spending and higher demand for online services, which could positively impact Trip.com Group. Positive earnings from Alibaba may also indicate overall economic health and increased consumer confidence, potentially leading to increased travel and leisure activities, benefiting companies like Trip.com Group.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 3:43 pm

APMI

AxonPrime Infrastructure Acquisition Corporation has announced its plan to liquidate after failing to consummate an initial business combination by August 17, 2023. The company's shares of Class A Common Stock, Redeemable Warrants, and units are expected to cease trading on the Nasdaq Stock Market on August 17, 2023.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 3:42 pm

GGR

Gogoro Inc (NASDAQ:GGR) reported a 3.8% decline in Q2 FY23 sales to $87.25 million due to lower scooter sales in Taiwan. However, battery swapping revenue grew by 9.6% to $33.3 million. The company's gross margin expanded to 15.2% and the operating loss narrowed to $20.3 million. Gogoro lowered its FY23 revenue outlook from $400 million - $450 million to $340 million - $370 million due to soft demand in Taiwan and the timing of international projects.

Portfolio Pulse from Shivani Kumaresan

August 10, 2023 | 3:37 pm

MSFT

XELA

Exela Technologies (XELA) announced a collaboration with Microsoft (MSFT) to allow customers to leverage generative AI technologies on Microsoft Azure. The collaboration, initially focused on India, combines Exela technology with Microsoft Azure OpenAI Service. Despite the announcement, XELA shares are trading lower on above-average trading volume.

Portfolio Pulse from Erica Kollmann

August 10, 2023 | 3:35 pm

RBLX

Roblox Corp (RBLX) shares rose in early trading after a previous session's drop due to a revenue miss. Analysts from Morgan Stanley, Needham, Stifel, Benchmark, and Roth Capital Markets provided mixed reviews on the company's Q2 results and future prospects. While some analysts upgraded their ratings and raised price targets, others maintained their ratings but reduced price targets. The market cap correction of $5bn was deemed 'excessive' by Roth Capital Markets.

Portfolio Pulse from Priya Nigam

August 10, 2023 | 3:34 pm

GDRX

GoodRx Holdings Inc (NASDAQ:GDRX) reported better-than-expected Q2 results with sales of $189.7 million, beating the consensus of $186.82 million. The company revised its FY23 sales guidance to $750-$760 million. Following the earnings announcement, several analysts including Wells Fargo, RBC Capital, Credit Suisse, Goldman Sachs, and Evercore ISI Group raised their price targets on GoodRx. The company's shares gained 7.2% to trade at $8.52 on Thursday.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 3:34 pm

BABA

PDD

PDD Holdings Inc's shares are trading higher by 2.7% in sympathy with Alibaba Group Holding's better-than-expected Q1 financial results. Both companies operate in the e-commerce industry and strong results from Alibaba may imply increased consumer spending and heightened demand in the e-commerce market, which could positively impact PDD Holdings' stock.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 3:34 pm