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MRVL

PLTR

SMCI

TSM

Shares of several semiconductor and AI-related stocks are trading higher in sympathy with NVIDIA, which reported strong Q2 financial results and Q3 guidance. The stocks mentioned include MRVL, PLTR, SMCI, and TSM.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:44 pm

ECVT

SEE

USGO

The article lists the top 5 oversold stocks in the materials sector, which are U.S. GoldMining Inc. (USGO), Sealed Air Corporation (SEE), The Chemours Company (CC), Ecovyst Inc. (ECVT), and MP Materials Corp. (MP). Oversold stocks are identified using the Relative Strength Index (RSI), with an RSI below 30 indicating an oversold condition. The companies have had mixed recent performance, with some reporting better-than-expected earnings and others missing sales targets or cutting revenue guidance.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:44 pm

AZN

AstraZeneca is facing two lawsuits in London related to its COVID-19 vaccine. The lawsuits are the first-ever legal challenges in England and Wales concerning adverse responses to a COVID-19 vaccine. The company's shares are down 0.72% at $68.60 during the premarket session.

Portfolio Pulse from Vandana Singh

August 24, 2023 | 12:43 pm

NVDA

NVIDIA reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. The company also approved an additional $25 billion in share repurchases, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:43 pm

AGIL

BRSH

FOXO

GES

GMBL

GRFX

HKIT

KPRX

LGHL

LQR

MNTS

MOV

NVDA

OIG

OPRA

SASI

SCTL

SPLK

SXTC

WOOF

Several stocks have shown significant movement in pre-market trading. Gainers include Bruush Oral Care Inc. (BRSH), Esports Entertainment Group, Inc. (GMBL), China SXT Pharmaceuticals, Inc. (SXTC), Hitek Global Inc. (HKIT), FOXO Technologies Inc. (FOXO), Guess?, Inc. (GES), Sigma Additive Solutions, Inc. (SASI), Splunk Inc. (SPLK), Lion Group Holding Ltd. (LGHL), and NVIDIA Corporation (NVDA). Losers include Societal CDMO, Inc. (SCTL), Orbital Infrastructure Group, Inc. (OIG), Momentus Inc. (MNTS), Petco Health and Wellness Company, Inc. (WOOF), LQR House Inc. (LQR), Graphex Group Limited (GRFX), AgileThought, Inc. (AGIL), Movado Group, Inc. (MOV), Kiora Pharmaceuticals, Inc. (KPRX), and Opera Limited (OPRA).

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:41 pm

GWAV

Greenwave Technology Solutions has regained compliance with Nasdaq listing standards, potentially avoiding delisting.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 12:39 pm

NVDA

NVIDIA Corporation (NASDAQ:NVDA) shares topped the $500 mark in pre-market trading after reporting better-than-expected Q2 results and strong Q3 revenue guidance. The company's Data Center revenue surged to a record, accounting for about two-thirds of the total. The board also approved an additional $25 billion in share repurchases. The article explains how to earn $500 per month from NVIDIA's dividends, requiring an investment of approximately $20,000,000.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 12:38 pm

OPRA

Opera Limited reported Q2 FY23 revenue growth of 21% YoY to $94.13 million, beating consensus estimates. However, its adjusted EPS of $0.15 missed the consensus of $0.16, leading to a 5.10% drop in premarket trading. The company also announced the roll-out of its AI chatbot 'Aria' to Opera GX in Q3.

Portfolio Pulse from Anusuya Lahiri

August 24, 2023 | 12:38 pm

GES

Guess? Inc's shares are trading higher by around 17% after it reported better-than-expected Q2 FY24 results and revised FY24 guidance. Net revenue rose 3% Y/Y to $664.5 million, beating the consensus of $640.5 million. Adjusted operating income rose 17% Y/Y to $65.0 million, with margins expanding to 9.8% from 8.7% a year ago. The Board of Directors approved a quarterly dividend per share of $0.30. For FY24, GES revised the outlook for revenue growth to 2.5%-4.0% and raised expectations for adjusted operating margin to 9.0%-9.4% and adjusted EPS to $2.88-$3.08.

Portfolio Pulse from Lekha Gupta

August 24, 2023 | 12:38 pm

HCCI

Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) has announced the expiration of the 35-day 'go-shop' period, during which no competing acquisition proposals were received. The company is set to be acquired by an investment affiliate of J.F. Lehman & Company for $45.50 per share in cash, or approximately $1.2 billion. The transaction is expected to close in Q4 2023, subject to approval by Crystal Clean stockholders and the expiration of the HSR Antitrust Improvements Act waiting period. Post-acquisition, Crystal Clean will become a privately held company and its shares will no longer be listed on the Nasdaq Stock Exchange.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 12:37 pm