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MUX

McEwen Mining Inc (MUX) reported a Q2 2023 adjusted net loss of $(0.31) per share, beating the consensus loss of $(0.74). Revenue from gold and silver sales was $34.4 million, missing the consensus of $40.0 million. The company reported a gross loss due to lower grades and longer recovery times at its Gold Bar mine operations. Cash and equivalents stood at $84.8 million, and total debt was $40.0 million at the end of Q2 2023. MUX shares are trading lower by 0.28% at $7.24.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 2:34 pm

NOW

Investor Business Daily SwingTrader has reportedly purchased stock in ServiceNow (NOW).

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:33 pm

AN

CVNA

KMX

LAD

VRM

The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, but used car and truck prices fell for the second month in a row, dropping 1.3% after a 0.5% dip in the previous month. This could put downward pressure on the margins and profitability of companies like CarMax, Inc. (KMX), AutoNation, Inc. (AN), Lithia Motors, Inc. (LAD), Carvana Co. (CVNA), and Vroom Inc. (VRM).

Portfolio Pulse from Piero Cingari

August 10, 2023 | 2:33 pm

TOMZ

Shares of TOMI Environmental Solutions were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 41.1%.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:33 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years by 1.05% on an annualized basis, producing an average annual return of 8.83%. If an investor had bought $1000 of GD stock 20 years ago, it would be worth $5,422.90 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:30 pm

ZTS

Zoetis (NYSE:ZTS) has outperformed the market over the past 10 years, producing an average annual return of 20.23%. An investment of $1000 in ZTS stock 10 years ago would be worth $6,244.99 today. The company currently has a market capitalization of $87.53 billion.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 2:30 pm

SPY

UNG

The USA Natural Gas Storage reported a 29B increase, which is higher than the estimated 25B and the prior 14B. This could impact ETFs like SPY and UNG.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:30 pm

BIDU

Shares of Baidu Inc (NASDAQ:BIDU) are trading higher by 3.5% to $147.96, in sympathy with Alibaba Group Holding's better-than-expected Q1 FY23 financial results. Alibaba reported a 14% YoY growth in revenue to $32.29 billion, surpassing the consensus of $31.20 billion. Baidu has a 52-week high of $67.87 and a 52-week low of $31.56.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 2:29 pm

PLTR

Palantir Technologies Inc's (NYSE:PLTR) shares are trading higher, possibly due to repeated buying from Cathie Wood of Ark Invest. The company recently reported Q2 financial results in line with estimates, issued strong guidance, and announced a $1 billion buyback. Palantir also announced a multi-year partnership with Azule Energy. Several analysts adjusted price targets on the stock this week.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 2:28 pm

WU

Gordon Haskett has noted that Western Union's stock has been significantly undervalued, trading for less than 6x EBITDA and generating $1B of free cash flow. The firm suggests that an activist could push the company to explore its own options.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:26 pm