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DKS

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

AUVI

Applied UV has initiated price increases across select Airocide and Munnwork's products to improve overall blended gross margins. The company is also reducing duplicate headcount where applicable.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:09 pm

BABA

BIDU

NTES

SPY

TCEHY

TME

China has implemented financial policies to boost investor confidence and market activity, including reducing its 'stamp duty' on securities transactions. Despite initial positive response, the rally lost momentum and foreign fund outflows marked a new record for the month. U.S.-listed Chinese stocks opened higher on Monday. Stocks mentioned include Alibaba Group Holding Ltd (BABA), JD.Com Inc (JD), NetEase Inc (NTES), Tencent Holdings ADR (TCEHY), Tencent Music Entertainment Group (TME), Baidu Inc (BIDU), and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from AJ Fabino

August 28, 2023 | 4:07 pm

AUVI

Applied UV (AUVI) received a letter from Nasdaq stating that the company's common stock had not maintained the minimum closing bid price required for continued listing.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 4:03 pm

MRNA

Moderna Inc's stock is trading higher by roughly 2% amid rising COVID-19 cases in the U.S. The increase in cases could lead to higher demand for vaccines, potentially driving higher sales of Moderna's vaccine doses. Additionally, if booster shots are recommended to combat new variants or waning immunity, Moderna's stock could rise further.

Portfolio Pulse from Henry Khederian

August 28, 2023 | 4:03 pm

AGIL

FFIE

GDC

NVCR

U.S. stocks traded higher with the Dow Jones gaining over 150 points. Hersha Hospitality Trust (NYSE:HT) announced a merger with KSL Capital Partners, causing its shares to rise by 56%. Hawaiian Electric Industries (NYSE:HE) shares rose by 35% after the company responded to a lawsuit. GD Culture Group Limited (NASDAQ:GDC) shares rose by 64% after the launch of a live-streaming e-commerce business on TikTok. However, AgileThought (NASDAQ:AGIL) shares dropped by 29% after a downgrade from Buy to Sell. NovoCure Limited (NASDAQ:NVCR) shares fell by 33% after a failed trial, and Faraday Future (NASDAQ:FFIE) shares fell by 25% after a reverse stock split.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 4:03 pm

CVNA

Carvana Co. (NYSE:CVNA) shares are trading higher, with the stock up more than 280% over the last three months. The company recently completed all equity capital requirements of its previously announced exchange offer transaction support agreement, raising $126 million of equity capital from existing shareholders Ernest Garcia II and Ernest Garcia III, CEO of Carvana. The transaction valued CVNA Class A common stock at $46.31 per share, an 18% premium to the closing price on Aug. 18. Shares of CVNA continue to draw outsized short interest with 46.47% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

August 28, 2023 | 4:02 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) has received a multiunit vehicle purchase order from NRTC Automation Group for three all-electric commercial Class 3 Mullen trucks, with deliveries expected to begin in Q4 2023. Mullen recently produced its first Mullen THREE at its Mississippi facility and plans to gradually ramp up production to 3,000 vehicles a year, with a potential increase to 6,000 vehicles per year. MULN shares are currently down by 13.45%.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 3:55 pm