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XPEV

XPeng Inc. reported delivering 14,036 Smart EVs in August 2024, marking a 3% year-over-year increase and a 26% rise from the previous month. The company has delivered 77,209 vehicles in the first eight months of 2024, a 17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:24 am

LI

TSLA

Tesla sold 86,697 China-made EVs in August, marking a 17% increase from July and a 3% year-on-year growth. Despite intensifying competition from BYD and Li Auto, Tesla continues to expand its production and sales in China.

Portfolio Pulse from Anan Ashraf

September 03, 2024 | 7:14 am

PRAX

Praxis Precision Medicines, Inc. (NASDAQ:PRAX) will announce Phase 2 trial results for its CNS disorder treatment, relutrigine (PRAX-562), on September 3, 2024. The results pertain to the EMBOLD study in SCN2A and SCN8A Developmental and Epileptic Encephalopathies. A conference call will follow.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:01 am

AAL

ETSY

LUV

Elliott Investment Management has secured a 10% stake in Southwest Airlines, allowing it to call a special meeting amid a leadership dispute. Elliott demands the removal of CEO Robert Jordan and plans to nominate new board members. Southwest has been trying to improve its stock price, but Elliott criticizes these efforts as insufficient.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 6:53 am

ESTC

HQY

MDB

SPWH

ZS

The Dow Jones hit a record high, and the S&P 500 gained for the fourth consecutive month, with the Fear & Greed Index in the 'Greed' zone. Elastic N.V. shares fell over 26% due to weak guidance, while MongoDB shares surged over 18% on strong results. Investors await earnings from HealthEquity, Sportsman’s Warehouse, and Zscaler.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 6:08 am

APTO

HQY

MOMO

SPWH

ZS

Investors are focusing on several stocks as U.S. stock futures trade lower. Hello Group, Zscaler, Aptose Biosciences, HealthEquity, and Sportsman's Warehouse are in the spotlight due to upcoming earnings reports and recent financial activities.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 5:59 am

MARA

Bitcoin mining revenue fell to an 11-month low in August, with miner earnings dropping 10% from July. Marathon Digital Holdings, a major player in the industry, saw its shares decline by over 13% during the month. The revenue drop is attributed to Bitcoin's price fall and reduced hash price.

Portfolio Pulse from Aniket Verma

September 03, 2024 | 5:55 am

ETHUSD

MATICUSD

Former President Donald Trump has regained a lead over Kamala Harris in the presidential odds on the crypto-based prediction market, Polymarket. Trump's odds are at 52% compared to Harris' 47%. The platform, built on Ethereum's Layer-2 chain, Polygon, has seen over $780 million in bets. Trump's lead is linked to his crypto-friendly stance, while Harris has not publicly addressed cryptocurrencies.

Portfolio Pulse from Aniket Verma

September 03, 2024 | 3:38 am

DELL

NVDA

TSLA

Cathie Wood congratulated Elon Musk and his xAI team for bringing the Colossus 100,000 Nvidia GPU cluster online in 122 days. This development is part of xAI's significant progress, including a $6 billion fundraising and plans for a $5 billion investment. Nvidia and Dell Technologies played key roles in this achievement.

Portfolio Pulse from Ananya Gairola

September 03, 2024 | 2:03 am