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Stock Prices

SPY

The House Price Index for June has increased by 0.3%, which is higher than the estimated 0.2% but lower than the prior 0.7%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 1:00 pm

HNI

MMM

SWK

The article discusses three high-yielding dividend stocks in the industrials sector, as per Wall Street's most accurate analysts. The stocks are 3M Company (MMM), HNI Corporation (HNI), and Stanley Black & Decker, Inc. (SWK). Recent news for each company includes a $5.5 billion settlement for 3M, a Q2 net loss for HNI, and a narrower-than-expected Q2 loss for Stanley Black & Decker.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:58 pm

SPY

XRT

The Year-on-Year Redbook index has increased to 4.2% from the previous 2.9%.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:55 pm

GOEV

GOOG

Canoo Inc's stock (GOEV) is trading lower after a rally following the appointment of a new CFO, Greg Ethridge. The company also announced Google Cloud as its primary cloud provider to deploy AI, data management, and security technologies. Canoo has also hired Onix to optimize its manufacturing processes.

Portfolio Pulse from Adam Eckert

August 29, 2023 | 12:46 pm

BABA

BIDU

EWH

NIO

TME

China is taking measures to protect its economy from the impact of its real estate sector crisis. These include substantial reductions in bank deposit and mortgage rates, and promises of increased stimulus measures. The mortgage rate cuts are targeted at loans for primary residences. China also announced a 50% reduction in stock-trading stamp duties and approved guidelines for affordable housing. The Hang Seng index, tracked by the iShares MSCI Hong Kong Index Fund (NYSE:EWH), posted a 2% surge. U.S.-listed Chinese stocks, including Alibaba Group Holdings (NYSE:BABA), Tencent Music Entertainment Group (NYSE:TME), JD.com Inc. (NASDAQ:JD) and Baidu Inc. (NASDAQ:BIDU), are trading about 1.5% higher in premarket trading. However, NIO Inc. (NASDAQ:NIO) declined over 6% after reporting disappointing Q2 earnings.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 12:46 pm

GOGL

Golden Ocean Group Ltd (NASDAQ:GOGL) reported Q2 FY23 revenue of $213.38 million, exceeding consensus of $148.97 million. The company's operating expenses were $169.8 million, and net operating income declined to $43.6 million from $155.8 million in the prior year quarter. Adjusted EPS of $0.17 was better than the consensus of $0.12. The company announced a cash dividend of $0.10 per share for Q2 and repurchased shares worth $6.9 million in the quarter. GOGL shares are trading higher by 4.06% at $7.18 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 12:41 pm

AMC

GOGO

TRMR

VEON

The article lists five oversold stocks in the communication services sector that could potentially boost a portfolio. The stocks mentioned are AMC Entertainment Holdings, Tremor International, Sea Limited, Gogo Inc., and VEON Ltd. The companies have been identified as oversold based on their Relative Strength Index (RSI) values, which are all below or near 30.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:39 pm

AXLA

Axcella has been granted a patent for a treatment for long COVID fatigue, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:36 pm

GSAT

Globalstar has appointed Dr. Paul Jacobs as CEO and announced a licensing agreement with XCOM Labs. This news has led to an increase in Globalstar's share price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 12:35 pm

CWCO

Consolidated Water Co. Ltd. (CWCO) has increased its quarterly cash dividend by 11.8% to $0.095 per share for Q4 2023, payable on October 31, 2023. The company's strong growth across all business segments has resulted in increased profitability and cash flow. CWCO also reported a 110% increase in Q2 2023 revenue to $44.2 million, driving an increase in EPS to $0.47.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:33 pm