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JXJT

Trading of JX Luxventure shares has resumed.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:47 pm

AMZN

GOOG

MSFT

NVDA

ORCL

TSM

Nvidia Corp's stock traded higher on Wednesday, driven by its strong position in artificial intelligence. Analysts expressed confidence in the company's AI capabilities ahead of its 2Q results. Raymond James analyst Chris Caso maintained a Strong Buy rating and raised the price target from $450 to $500. Caso expects Nvidia to benefit from H100 ramps at Microsoft, Amazon, and Alphabet's Google. Demand from Oracle and specialty Cloud providers CoreWeave and Lambda also appears strong. In addition, Caso sees an inflection in Auto revenue in 2024 as agreements with Mercedes and JLR begin to ramp.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 1:46 pm

BYDDY

Chinese battery manufacturer, Contemporary Amperex Technology Co. Limited (CATL), has launched a fast-charging lithium iron phosphate (LFP) battery that can run 400 km on a 10-minute charge. The mass production of the new battery is expected by the end of 2024. CATL has been facing challenges with weak demand and a push from EV makers for cost reduction. The company has been losing ground to Chinese EV maker BYD Co., Ltd., which produces its own batteries.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 1:45 pm

CRKN

Crown Electrokinetics (CRKN) shares are trading lower by 9.6% after the company effected a 1-for-60 reverse stock split. The split was approved by the company's Board of Directors and stockholders on August 11. The reverse stock split impacts all stockholders without changing their proportional ownership in the company's common stock.

Portfolio Pulse from Henry Khederian

August 16, 2023 | 1:44 pm

TSLA

Tesla has reduced the prices of its Model S and Model X vehicles by $10,000 in a bid to attract more consumers and boost sales. This comes after a 13% decrease in Tesla's stock price in August, following a high of $299.29 in July. The stock's value has dropped by 22% from its peak, with the year-to-date gain now at 95%.

Portfolio Pulse from Zaheer Anwari

August 16, 2023 | 1:43 pm

AKU

CTM

EBET

IMPL

NVOS

SPGC

TGT

US stocks traded mixed with the Dow up 0.09%, NASDAQ down 0.40%, and S&P 500 down 0.07%. Target Corporation reported better-than-expected Q2 earnings but lowered its profit forecast. Novo Integrated Sciences, EBET, and Akumin saw their shares rise, while Impel Pharmaceuticals, Sacks Parente Golf, and Castellum saw their shares fall. Energy shares rose by 0.6% while communication services shares fell by 0.6%.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 1:42 pm

SPGC

Trading of Sacks Parente Golf Company (SPGC) shares was halted twice due to a circuit breaker, with the stock now down by 44.8%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:42 pm

JXJT

Shares of JX Luxventure (JXJT) were halted on a circuit breaker to the upside, with the stock now up 24.5%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:41 pm

DLO

DLocal Limited (NASDAQ:DLO) reported better-than-expected Q2 financial results and reaffirmed its full-year guidance, leading to a surge in its stock price. Q2 revenue increased 59% YoY to $161.1 million, beating the consensus estimate of $151.18 million. The company also reported quarterly earnings of 15 cents per share, surpassing estimates of 13 cents per share. Following the announcement, Susquehanna analyst James Friedman maintained a Positive rating for DLocal and raised the price target from $18 to $24.

Portfolio Pulse from Adam Eckert

August 16, 2023 | 1:39 pm

ASML

SSNLF

TSM

Samsung Electronics has reportedly sold over half of its stake in ASML Holding during Q2 2021, reducing its stake from 1.6% to 0.7%. The sale, which fetched Samsung approximately $2.2 billion, is part of the company's strategy to bolster its semiconductor manufacturing division. The funds may be used to expand Samsung's chip manufacturing facilities.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 1:39 pm