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HUYA

TME

Huya Inc (HUYA) and Tencent Music Entertainment Group (TME) saw double-digit declines in their social entertainment revenues, including live streaming, after eliminating certain features to curb potential illegal gambling activities. This move significantly impacted their quarterly revenues following the Chinese government's crackdown on online gambling activities. HUYA's live-streaming revenues accounted for 89% of its total sales of $1.3 billion in FY22, while TME's revenue from social entertainment services accounted for 56% of its revenue in FY22. Analysts anticipate that the crackdown could reduce 20% to 70% of live streaming revenue, depending on a platform's exposure to these features.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 12:58 pm

BGS

LNG

LYV

On CNBC's 'Halftime Report Final Trades', Joshua Brown of Ritholtz Wealth Management recommended Live Nation Entertainment, Inc. (NYSE:LYV) after it reported better-than-expected Q2 results. Jim Lebenthal of Cerity Partners named Cheniere Energy, Inc. (NYSE:LNG) as his final trade, noting its increasing export volumes. Jenny Harrington of Gilman Hill Asset Management recommended B&G Foods, Inc. (NYSE:BGS) due to its 6.25% yield and good operation. B&G Foods and Live Nation Entertainment both posted better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:51 pm

NVDA

NVIDIA Corporation's shares surged to an all-time high after reporting better-than-expected Q2 results and strong Q3 revenue guidance. The stock was the most active single stock option, with calls outpacing puts by 3 to 2. Traders are betting on further upside into September.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:49 pm

GMVD

G Medical Innovations Holdings Ltd (GMVD) has received a letter from Nasdaq stating its intention to delist the company's ordinary shares due to non-compliance with the minimum $2.5M stockholders' equity requirement under Nasdaq Listing Rule 5550(B).

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:44 pm

DOCN

DigitalOcean, a cloud infrastructure provider, is currently seeking a new CEO. This announcement has led to a decrease in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:43 pm

CFG

CMA

KEY

Wall Street's most accurate analysts recommend three financial stocks with over 6% dividend yields: Comerica Incorporated (CMA), Citizens Financial Group, Inc. (CFG), and KeyCorp (KEY). CMA and KEY have recently had their ratings lowered by S&P, while CFG reported a slight miss on its Q2 FY23 sales growth.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:42 pm

INTU

Intuit Inc. (NASDAQ:INTU) reported better-than-expected earnings and sales results for its second quarter, leading to a rise in its share price. The company also provided a positive outlook for full-year 2024. Following the earnings report, Piper Sandler and Keybanc raised their price targets for Intuit. The company's shares have risen more than 21% over the past six months, and its current dividend yield stands at 0.64%.

Portfolio Pulse from Priya Nigam

August 25, 2023 | 12:40 pm

HEI

Hawaiian Electric Industries (HEI) has announced plans to suspend its quarterly cash dividend on common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:40 pm

APP

BKI

HOLI

HOLO

The article lists five tech stocks that are considered overbought and may plunge this quarter. These include MicroCloud Hologram Inc. (NASDAQ:HOLO), Hollysys Automation Technologies Ltd. (NASDAQ:HOLI), Fabrinet (NYSE:FN), AppLovin Corporation (NASDAQ:APP), and Black Knight, Inc. (NYSE:BKI). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 12:39 pm

MYO

Myomo announced the pricing of a $4.4 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:30 pm