Streetbeat News

Stock Prices

EEMA

EWU

EZU

FLAX

SPY

On August 24, US markets closed in red ahead of Federal Reserve Chair Jerome Powell's speech. The Dow Jones, S&P 500, and Nasdaq Composite all closed lower. Asian markets also faced significant declines, particularly in the technology sector. European stocks started with a decline but later recovered, boosted by the rise in mining and energy stocks due to robust commodity prices. Crude Oil WTI and Brent were trading higher, while Gold was trading lower. US futures were up.

Portfolio Pulse from Akanksha Bakshi

August 25, 2023 | 10:22 am

DOCN

DOMO

DWAC

IDEX

MRVL

OLPX

PAGS

Several stocks are recording losses in today's pre-market trading session. Domo shares tumbled 25.5% after issuing FY24 guidance below estimates. Hawaiian Electric shares dipped 22% as it plans to suspend quarterly cash dividend on common stock from Q3 2023. Ideanomics shares declined 19.5% following a 1-for-125 reverse stock split. PagSeguro Digital fell 6.9% after weaker-than-expected Q2 results. DigitalOcean shares fell 6% as it initiated a CEO search process. Digital World declined 5.1% after receiving a notification from Nasdaq related to delayed quarterly report. Olaplex fell 4.6% after Piper Sandler downgraded it from Neutral to Underweight. Marvell Technology fell 4.4% despite posting upbeat Q2 earnings and issuing Q3 2024 revenue guidance of $1.4 billion.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 10:20 am

DOMO

Domo Inc. has issued a below consensus Q3 outlook and lowered its FY24 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 10:08 am

OLPX

Piper Sandler analyst Korinne Wolfmeyer has downgraded Olaplex Hldgs (NASDAQ:OLPX) from Neutral to Underweight and lowered the price target from $3 to $2.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 9:22 am

SAVA

Sanford Robertson, a director at Cassava Sciences, has reported the purchase of 30,000 shares at an average price of $17.45 per share, according to a Form 4 filing on Thursday.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:03 am

AKBA

GPS

HIBB

INTU

MRVL

Hibbett, Inc. (HIBB), Intuit Inc. (INTU), Akebia Therapeutics, Inc. (AKBA), Marvell Technology, Inc. (MRVL), and The Gap, Inc. (GPS) are stocks to watch heading into Friday. HIBB is expected to post quarterly earnings at 73 cents per share. INTU reported better-than-expected earnings and sales results for its second quarter. AKBA is expected to report a quarterly loss at 2 cents per share. MRVL posted upbeat earnings for its second quarter. GPS reported upbeat earnings for the second quarter, while sales missed estimates.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 8:25 am

EWG

VGK

Germany's business expectations for August came in at 82.6, lower than the estimated 83.8 and the prior figure of 83.6.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 8:02 am

EWG

VGK

Germany's current assessment for August has been reported at 89, which is lower than the estimated 90 and the prior figure of 91.3.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 8:02 am

EWG

VGK

Germany's Ifo Business Climate Index for August has been reported at 85.7, lower than the estimated 86.7 and the prior figure of 87.3.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 8:01 am

SLV

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has highlighted silver as the 'Biggest Investment Bargain', noting its value is still 50% below its all-time high. He emphasized silver's increasing demand for green technologies and its status as the second most utilized commodity globally after oil. The iShares Silver Trust ETF (NYSE:SLV) closed 0.8% down at $22.115 in the last session.

Portfolio Pulse from Benzinga Overnight Desk

August 25, 2023 | 7:25 am