Streetbeat News

Stock Prices

OSA

PHG

ProSomnus Inc (NASDAQ:OSA) announced updated data from the FLOSAT study, which compares its precision oral appliance therapy (OAT) to Koninklijke Philips NV's (NYSE:PHG) continuous positive airway pressure (CPAP) therapy for Obstructive Sleep Apnea. The data shows that ProSomnus' OAT is effective and preferred by patients, with twice the mean disease alleviation as CPAP. OSA shares closed 3.06% higher at $1.01 on Tuesday.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 11:30 am

HOG

Former U.S. President Donald Trump has criticized India's high taxes on U.S.-made products, particularly Harley-Davidson motorcycles, and vowed to impose reciprocal taxes on India if he wins the 2024 presidential elections. Harley-Davidson recently launched a premium motorcycle in India via a partnership with Hero MotoCorp, and plans to make more motorcycles in India for export.

Portfolio Pulse from Arpit Nayak

August 23, 2023 | 11:23 am

DRVN

Driven Brands Holdings Inc (NASDAQ:DRVN) has authorized a share buyback program of up to $50 million of its common shares outstanding through March 31, 2025. The company plans to fund the repurchase through a combination of cash on hand, cash flow from operations, and revolving line of credit. As of July 1, 2023, Driven Brands held $212.1 million in cash and equivalents.

Portfolio Pulse from Shivani Kumaresan

August 23, 2023 | 11:21 am

NVDA

QQQ

SPY

URBN

Positive expectations for Nvidia Corp.'s Q2 earnings and the recent market pullback are expected to cushion the market on Wednesday. The market is also awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday. Stocks closed mixed on Tuesday, with the Nasdaq Composite Index closing marginally higher, while the S&P 500 Index, Dow Industrials and Russell 2000 Index experienced losses. In premarket trading on Wednesday, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Several companies including Nvidia, Urban Outfitters, Advance Auto Parts, Peloton Interactive, Williams-Sonoma, Foot Locker, Analog Devices, and Kohl's Corp. are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 11:14 am

ARKK

NVDA

TOL

TSLA

URBN

US markets are seeing movement in stocks such as Urban Outfitters and Toll Brothers. Cathie Wood's Ark Investment sees drones as game-changers in food delivery. In crypto, Elon Musk has made comments about DOGE, and there are concerns about Binance. In politics, there are debates about Biden's Iran deal and potential presidential candidates. In tech, Nvidia is reportedly tripling production of an AI chip. In the EV sector, Tesla faces risks that could impact its 2023 EPS. Ford is investing in a Canada cathode plant.

Portfolio Pulse from Akanksha Bakshi

August 23, 2023 | 11:12 am

PTON

Peloton's Q4 average net monthly connected fitness churn rate increased to 1.4% from 1.1% in Q3, but remained flat year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:11 am

PTON

Peloton reported mixed Q4 results and a decline in Connected Fitness subscribers, leading to a drop in its share price. The company also issued a lower than expected Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:10 am

EEMA

EWU

EZU

FLAX

SPY

On August 22, US markets closed mostly lower with bank stocks declining due to S&P Global's decision to lower credit ratings for several US banks. Asian markets saw mixed results, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, while China's Shanghai Composite and Shenzhen CSI 300 fell. European markets and US futures were trading higher. Commodities saw mixed results, with crude oil and natural gas trading lower, while gold, silver, and copper were trading higher.

Portfolio Pulse from Akanksha Bakshi

August 23, 2023 | 11:10 am

PTON

Peloton has projected its Q1 total revenue to be between $580M and $600M, which is lower than the estimated $655.92M.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:09 am

PTON

Peloton's Q4 report shows a 4% YoY growth in Connected Fitness subscriptions, but a QoQ decline of 29,000 due to seasonal slowdown in hardware sales and higher than expected subscription churn.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:08 am