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RKLB

Rocket Lab USA, Inc (NASDAQ:RKLB) has signed a deal with Japanese Earth imaging company iQPS to launch an Earth observation satellite on Electron. The launch is scheduled for September 2023 from Rocket Lab Launch Complex 1 in New Zealand. The satellite will join a constellation after QPS-SAR-6 already in orbit. RKLB shares are trading lower by 0.72% at $5.52.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 1:41 pm

BABA

EWH

MCHI

China's state-owned property developers are facing financial losses amid the country's housing slump, causing global concern. 18 out of 38 such builders listed in Hong Kong and mainland China reported preliminary losses in the six months leading up to June 30. The crisis has also affected private developers like Country Garden Holdings Co. and has spread to China's shadow banking sector. Major investment banks have revised their growth estimates for China downward. The Shanghai Composite and the Shenzhen Component fell by 1% and 1.75% respectively, while the iShares MSCI Hong Kong Index Fund (NYSE:EWH) and the iShares MSCI China ETF (NYSE:MCHI) have both fallen by nearly 10% month to date. Alibaba Group Holdings Ltd. (NYSE:BABA) is down 3.3% in premarket trading on Friday.

Portfolio Pulse from Piero Cingari

August 18, 2023 | 1:30 pm

DLB

STAA

UBA

Dolby Laboratories (DLB) will replace Staar Surgical (STAA) in the S&P MidCap 400 index, while Staar Surgical will replace Urstadt Biddle Properties (UBA) in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:27 pm

FTCH

Farfetch reported mixed Q2 financial results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:26 pm

WE

WeWork has announced a 1-for-40 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:25 pm

WE

WeWork has announced that it will proceed with a 1-for-40 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:24 pm

VIPS

Vipshop shares are trading lower following the release of the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:23 pm

TGT

WMT

Walmart Inc (WMT) reported solid Q2 earnings, gaining broad market share and showing momentum in key growth initiatives. Analysts from KeyBanc Capital Markets, Telsey Advisory Group, and Morgan Stanley maintained positive ratings and raised price targets. However, Walmart's shares declined by 0.31% in premarket trading.

Portfolio Pulse from Priya Nigam

August 18, 2023 | 1:22 pm

CLSK

COIN

MARA

RIOT

Crypto stocks including CLSK, COIN, MARA, and RIOT are trading lower due to the recent weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 1:07 pm

IZEA

LFLY

SLGG

Several communication services stocks experienced significant movement in Friday's pre-market session. Leafly Holdings, Super League Gaming, Spark Networks, Starbox Group Hldgs, Lytus Technologies Hldgs, and Charge Enterprises saw gains, while IZEA Worldwide, Tremor Intl, Kubient, Grindr, and Mobile Global Esports experienced losses. Q2 earnings reports were recently released for several of these companies.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:06 pm