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DLB

Dolby Laboratories (NYSE:DLB) has launched Dolby Atmos FlexConnect, a new TV sound system with wireless speakers. TCL will be the first television brand to implement this technology in its 2024 TV lineup. Dolby and TCL will showcase the new technology at IFA, powered by MediaTek's Pentonic Smart TV series chipset. Dolby's shares are trading higher by 1.24% to $84.66.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 5:09 pm

TGLS

Tecnoglass Inc (TGLS) has announced its entry into the vinyl window market, which is expected to double its addressable market. The company has signed a long-term supply agreement with a global manufacturer for vinyl frame profiles. The move is expected to diversify its revenue base. Production and deliveries of the vinyl window products are expected to start in November 2023. The company has invested $25 million for this venture, which is expected to generate approximately $300 million in annual revenues over time. TGLS shares are trading higher by 4.50% at $35.38.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 4:47 pm

QQQ

TLT

The article discusses the market's reaction to the recent Federal Reserve Symposium at Jackson Hole, where Powell reaffirmed his commitment to restoring inflation to the targeted 2% and maintaining higher rates for an extended duration. The article also explains how to analyze market sentiment before major events using option data, focusing on the positioning of major indexes and the significance of straddles. The analysis can be applied to various indices and assets, including QQQ and TLT.

Portfolio Pulse from Menthor Q Research

August 28, 2023 | 4:43 pm

RAD

TUP

YELL

Rite Aid Corporation (RAD) shares are trading higher after a significant drop on Friday. The company is reportedly preparing for a bankruptcy filing due to lawsuits related to the opioid crisis. The stock has attracted attention from retail investors and short-sellers, with 16% of available shares being sold short. Retail investors have also shown interest in other struggling companies, including Yellow Corporation (YELL) and Tupperware Brands Corporation (TUP).

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 4:36 pm

MMM

3M Company (NYSE:MMM) shares are trading higher following reports of a tentative $5.5 billion settlement over more than 300,000 lawsuits related to defective combat earplugs sold to the U.S. military. The settlement allows 3M to avoid potentially larger settlements related to the earplug cases. The stock is experiencing heavy trading volume, with over 3.94 million shares traded in the session, compared to the 100-day average of 3.755 million shares. The shares are up 4.7% at $103.64.

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 4:34 pm

FCEL

XOM

FuelCell Energy Inc (FCEL) has extended its joint venture deal with Exxon Mobil Corp (XOM) through March 31, 2024. The agreement, initially aimed at advancing carbonate fuel cell technology for carbon capture applications, will now focus on more expansive opportunities. The companies expect a final investment decision on a demonstration project later this year. FCEL also announced agreements with Noeul Green Energy and Gyeonggi Green Energy in Korea.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:34 pm

NVAX

Novavax Inc (NASDAQ:NVAX) shares are trading higher by 3.9% amid rising COVID-19 cases in the U.S. The increase in cases and concerns about variants may lead to a demand for booster shots, potentially increasing the market demand for Novavax's vaccine. This could significantly improve Novavax's financial outlook and drive the stock price higher. Novavax has a 52-week high of $37.27 and a 52-week low of $5.60.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 4:31 pm

DKS

FL

HIBB

Hibbett Inc's shares rose after the company reported an earnings beat for Q2. Analysts from B. Riley Securities and Baird Equity maintained a Neutral and Outperform rating respectively, while raising the price targets. The earnings beat and reiteration of full-year guidance were impressive despite a challenging operating environment and guidance reductions by peers Foot Locker Inc and Dick's Sporting Goods Inc.

Portfolio Pulse from Priya Nigam

August 28, 2023 | 4:20 pm

NAT

Nordic American Tankers Ltd (NYSE:NAT) reported Q2 FY23 revenue of $67.80 million, missing the consensus of $68.32 million. EPS improved to $0.13, missing the consensus of $0.14. The company declared a dividend per share of $0.13. NAT shares are trading lower by 0.37% at $4.08.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 4:16 pm

INTC

Intel's upcoming 14th-gen CPUs are expected to be priced higher than the current 13th-gen processors, according to leaked information. The top-tier Core i9-14900K could see a price increase of $95, making it more expensive than the already pricey 13900K. The new chips are expected to be only 3% faster than their predecessors, leading to concerns that the minor performance improvements may not justify the higher costs.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:15 pm