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DFLI

DKS

FN

FRBK

FULC

SIDU

US stocks traded mixed with the Dow Jones falling over 100 points while the NASDAQ and S&P 500 rose. Existing-home sales in the US fell 2.2% from a month ago. Fulcrum Therapeutics, Fabrinet, and Sidus Space saw their shares rise after positive news. Republic First Bancorp, DICK'S Sporting Goods, and Dragonfly Energy Holdings saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 4:36 pm

VLY

S&P has downgraded its rating on Valley National Bank, leading to a decrease in the bank's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:34 pm

UMBF

UMB Financial Corporation's shares are trading lower after S&P Global Ratings downgraded its rating on the bank.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:33 pm

ASB

S&P has downgraded its rating on Associated Banc, leading to a decrease in the bank's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:33 pm

KEY

KeyCorp's stock is trading lower following a downgrade by S&P, which lowered its rating on the bank.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:33 pm

CMA

Comerica's stock price is trading lower following a downgrade by S&P, which lowered its rating on the bank.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:32 pm

AVAV

AeroVironment Inc (NASDAQ:AVAV) has agreed to acquire Tomahawk Robotics for $120 million in cash and stock. The acquisition will enhance the interoperability and interconnectivity of unmanned systems through a singular platform. Tomahawk Robotics will become part of AeroVironment's Unmanned Systems segment. AVAV shares are trading lower by 0.49% at $93.61.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 4:32 pm

BIDU

A significant investor has taken a bearish stance on Baidu (NASDAQ:BIDU), with 58% of recent trades being bearish and 41% bullish. The total amount for puts was $81,720 and for calls was $526,548. The targeted price range for Baidu over the last 3 months has been $60.0 to $145.0. The current price of BIDU is up 3.47% at $129.26. The next earnings are expected to be released imminently.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:31 pm

NEM

A significant investor has taken a bearish stance on Newmont (NYSE:NEM), with 70% of recent trades being bearish. The majority of these trades are puts, totaling $1,637,855, compared to calls totaling $205,385. The targeted price range for Newmont over the last 3 months has been $37.5 to $42.5. Despite this, Argus Research and TD Securities have maintained their Buy ratings on Newmont, with price targets of $50 and $55 respectively.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:31 pm

HKD

AMTD Digital has announced a $30 million share repurchase program, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:30 pm