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TSLA

Stephen King, the renowned horror fiction author, has expressed his appreciation for his Tesla Model S on social media. This marks a change in sentiment from his previous comments in November 2022, where he expressed a preference for Twitter before Elon Musk's involvement. King's Model S, purchased in 2013, has 'never given me a speck of trouble', according to his post.

Portfolio Pulse from Ramakrishnan M

August 15, 2023 | 9:44 am

ONON

On Holding AG has increased its FY23 revenue outlook, expecting sales to reach CHF1.76B, implying a Y/Y growth rate of 44%. The company maintains its previous outlook on gross profit margin and adjusted EBITDA margin of 58.5% and 15.0% respectively.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 9:43 am

ONON

On Holding (NYSE:ONON) reported Q2 adjusted earnings of $0.04 per share, missing the analyst consensus estimate of $0.13 by 69.23%. This is a 73.33% decrease from the same period last year. The company also reported quarterly sales of $444.30 million, missing the analyst consensus estimate of $463.07 million by 4.05%. However, this is a 46.89% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 9:30 am

PHVS

Morgan Stanley analyst Matthew Harrison has upgraded Pharvaris (NASDAQ:PHVS) from Equal-Weight to Overweight and raised the price target from $10 to $34.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 9:20 am

HUIZ

Huize Holding (NASDAQ:HUIZ) reported Q2 sales of $50.80 million, a 37.08% increase from $37.06 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 9:05 am

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HD

HRB

NVDA

SMH

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors. The Nasdaq added over 1% on Monday, with NVIDIA Corporation adding over 7% and the VanEck Semiconductor ETF gaining 3%. Data on retail sales, import, export prices and business inventories will be released today. Investors are awaiting earnings results from The Home Depot, Inc., Agilent Technologies, Inc., and H&R Block, Inc.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 7:06 am

MCHI

Ark Investment Management CEO Cathie Wood has warned that the Federal Reserve's continued rate tightening could lead to a global deflationary bust, with China being the first to be hit. Wood noted that China is exporting deflation and that the country's economic issues are now surfacing due to excessive debt and associated leverage. Recent data from China shows a combination of slow growth and a deflationary trend. The iShares MSCI China ETF (NASDAQ:MCHI) ended Monday’s session down 0.72% at $45.51.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 6:52 am

META

Chris Messina, the creator of hashtags, has discovered a feature that allows users to send a Threads post to X using the paper airplane icon. This feature could be a way for Zuckerberg's Threads to attract a larger audience by using the popularity of X. Threads, a product of Meta Platforms Inc. (NASDAQ:META), has seen a decline in daily active users and app usage time since its launch.

Portfolio Pulse from Ananya Gairola

August 15, 2023 | 6:23 am

BSAQ

TSLA

VFS

Vietnamese EV maker VinFast is set to begin trading on the Nasdaq, but the Environmental Protection Agency (EPA) has listed the company’s vehicles with disappointing range. VinFast vehicles are priced similarly to Tesla's Model Y, but offer a significantly lower driving range. VinFast has completed its SPAC merger with Black Spade Acquisition Co and its shares will begin trading on the Nasdaq under ticker symbols VFS.

Portfolio Pulse from Anan Ashraf

August 15, 2023 | 6:06 am

F

Ford Motor Co (NYSE:F) plans to include BlueCruise hands-free technology as a standard in 500,000 Ford and Lincoln vehicles in 2024. The technology is currently equipped in 225,000 vehicles globally. The 2024 model year F-150 Lightning, Ford F-150, Ford Expedition, Lincoln Navigator, Lincoln Nautilus, and select trims of Lincoln Corsair will be equipped with BlueCruise. Customers can activate BlueCruise annually for $800 or monthly for $75.

Portfolio Pulse from Anan Ashraf

August 15, 2023 | 3:34 am