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WMT

During a conference call, Walmart announced that it expects its Health and Wellness sector to grow in the latter half of the year, primarily due to the popularity of some GLP-1 weight-loss drugs.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:18 pm

NICE

NICE Ltd reported a 10% YoY growth in Q2 FY23 non-GAAP revenue to $581.11 million, beating the consensus of $578.68 million. Non-GAAP revenues from Cloud grew 23% YoY to $381.9 million. The company raised its FY23 Non-GAAP total revenues outlook from $2.35 billion-$2.37 billion to $2.353 billion-$2.373 billion. However, NICE shares traded lower by 2.12% at $207.00 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 12:17 pm

ALL

Allstate Corporation (NYSE:ALL) reported estimated catastrophe losses of $313 million for July 2023, or $247 million after-tax. The losses include 18 events primarily related to wind and hail events. The company also implemented auto rate increases of 8.2% across 12 locations, resulting in a total brand premium impact of 0.9%. The rate increases are expected to raise annualized written premiums by approximately $2.19 billion for auto insurance and $804 million for homeowners insurance.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 12:17 pm

AMZN

CVS

Blue Shield of California is ending its partnership with CVS Health's Caremark and is partnering with Amazon, Mark Cuban's Cost Plus Drug Company, and Abarca for drug deliveries, affordable medications, and drug claims processing respectively. The new system aims to eliminate hidden fees and rebates, and is expected to save around $500 million annually. CVS Health shares are trading lower by 6.63% premarket.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 12:17 pm

EMKR

KULR

MODD

SUNL

TIVC

Modular Medical, Inc. (MODD) shares surged 34.3% in pre-market trading after announcing a partnership with Phillips-Medisize to expand insulin delivery alternatives. Sunlight Financial Holdings Inc. (SUNL) rose 30.9% in pre-market trading. Tivic Health Systems, Inc. (TIVC) shares climbed 29.1% in pre-market trading after announcing its funded study started enrollment for its non-invasive bioelectronic device approach to vagus nerve stimulation. KULR Technology Group, Inc. (KULR) fell 42.6% in pre-market trading after reporting Q2 financial results and announcing a proposed public offering of common stock. EMCORE Corporation (EMKR) shares fell 30.2% in pre-market trading after announcing a proposed public offering.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 12:15 pm

SHIBUSD

Cryptocurrency analyst Michael Van De Poppe predicts a potential rally for Shiba Inu (CRYPTO: SHIB), with a potential increase of more than 30% if it manages to sustain its position above crucial support levels. However, the price of Shiba Inu tokens has decreased by approximately 8% following the launch of the Shibarium network due to reported bridging issues.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 12:14 pm

STIX

Semantix (NASDAQ:STIX) reported Q2 sales of $9.70 million, a 42.60% decrease from $16.89 million in the same period last year. The company also reported a net loss of $7.28 million.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:12 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares have been on a slide, losing 23% since the second-quarter earnings call. Analysts Gary Black and Daniel Ives weighed in on the situation. Black criticized Tesla's strategy of price cuts to drive volume, while Ives sees the price cuts as a strategic move and an opportunity for the company. Tesla's stock was up 0.44% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

August 17, 2023 | 12:12 pm

RMED

Ra Medical Systems, Inc. (NYSE:RMED) has announced a name change to Catheter Precision, Inc. effective August 17, 2023. The company will also change its ticker symbol to 'VTAK' starting August 18, 2023. The change signifies the company's shift from laser catheter business to focus solely on cardiac electrophysiology.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 12:06 pm

STIX

Semantix (NASDAQ:STIX) reported a 42.60% decrease in sales this quarter, with sales of $9.70 million compared to $16.89 million in the same period last year. The company also reported a loss of $7.28 million.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 12:05 pm