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Stock Prices

ACAX

Shares of Alset Capital Acquisition Corp. (ACAX) were halted on a circuit breaker due to a significant increase in price. The stock is now up by 67.5%.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 1:50 pm

Hawaiian Electric (HE) shares are trading lower after Maui County filed a lawsuit against the company for its alleged role in the Lahaina wildfires. The company has also suspended its dividend.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:49 pm

ACAX

CRKN

DOMO

HIBB

PNAC

U.S. stocks traded higher with the Dow Jones gaining over 200 points. Hibbett Inc reported a Q2 sales decline of 4.6% YoY to $374.88 million, missing the analyst consensus. However, its EPS of $0.85 beat the analyst consensus of $0.73. Shares of Crown ElectroKinetics Corp, YS Biopharma Co., Ltd., and Alset Capital Acquisition Corp. rose significantly. Domo, Inc. shares dropped after issuing a below-consensus Q3 outlook and lowering FY24 guidance. Prime Number Acquisition I Corp. shares were down, and Hawaiian Electric Industries, Inc. plans to suspend its quarterly cash dividend.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 1:47 pm

AMD

A significant investor has taken a bullish stance on Advanced Micro Devices (AMD), with 66% of investors opening trades with bullish expectations. Whales have been targeting a price range from $80.0 to $125.0 for AMD over the last 3 months. The price of AMD is currently down -0.96% at $100.82. Analysts from JP Morgan, Susquehanna, Morgan Stanley, Benchmark, and Rosenblatt have given their ratings and price targets for AMD.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 1:46 pm

JWN

Nordstrom's Q2 results show a decline in total company net sales by 8.3% year over year, leading to a drop in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:46 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

Bank of America's Chief Investment Strategist, Michael Hartnett, warns of a potential tech bubble burst due to higher-for-longer rates. He points out the waning excess liquidity on Wall Street as a crucial factor that could impact tech stocks. Hartnett highlights the 'Magnificent 7' tech stocks - Apple, Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla - which have risen 93% YTD and represent 28% of the S&P 500 market cap. Bank of America maintains a bearish outlook on stocks for 2023, projecting a potential next stop for the S&P 500 Index at 4,200 points.

Portfolio Pulse from Piero Cingari

August 25, 2023 | 1:44 pm

CTLT

NVO

TMO

Novo Nordisk's CEO, Lars Fruergaard Jorgensen, expressed confidence in Catalent's ability to rectify its manufacturing issues related to the weight-loss drug Wegovy. Catalent's Brussels facility, responsible for filling Wegovy injection pens, faced multiple U.S. sterile safety standards breaches. Novo Nordisk plans to incorporate a third external facility for the production of Wegovy by 2024. The company also onboarded Thermo Fisher Scientific as its secondary contract manufacturer for the drug.

Portfolio Pulse from Vandana Singh

August 25, 2023 | 1:44 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) will reportedly pay up to $8.25 million to settle a lawsuit over unexpected carry-on bag fees. The lawsuit claimed Spirit advertised low prices on travel sites while hiding substantial airport bag fees. The eligible group covers first-time Spirit fliers who used booking platforms between August 2011 and May 2017. SAVE shares are trading higher by 0.64% at $15.71.

Portfolio Pulse from Akanksha Bakshi

August 25, 2023 | 1:42 pm

AAPL

AIA

AMC

AMD

DIS

DWAC

NVDA

QQQ

TSLA

WEN

The article lists the top 10 stocks on WallStreetBets as of August 25, 2023. The stocks mentioned are NVDA, TSLA, QQQ, AMC, DIS, AIA, AAPL, DWAC, AMD, and WEN.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 1:34 pm

NNDM

Marc Bistricer, owner of Murchison Ltd. and a dissident shareholder of Nano Dimension Ltd. (NNDM), is facing a hearing before the Capital Markets Tribunal in Canada. Bistricer is accused of profiting from an illegal and abusive short selling scheme that violated Ontario securities law and was contrary to the public interest. The Ontario Securities Commission (OSC) is seeking orders for Bistricer to resign from director or officer positions, cease trading in any securities or derivatives, and not be allowed to acquire any securities permanently.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 1:33 pm