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HUIZ

Huize Holding (NASDAQ:HUIZ) reported Q2 sales of $50.80 million, a 37.08% increase from $37.06 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 9:05 am

A

HD

HRB

NVDA

SMH

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors. The Nasdaq added over 1% on Monday, with NVIDIA Corporation adding over 7% and the VanEck Semiconductor ETF gaining 3%. Data on retail sales, import, export prices and business inventories will be released today. Investors are awaiting earnings results from The Home Depot, Inc., Agilent Technologies, Inc., and H&R Block, Inc.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 7:06 am

MCHI

Ark Investment Management CEO Cathie Wood has warned that the Federal Reserve's continued rate tightening could lead to a global deflationary bust, with China being the first to be hit. Wood noted that China is exporting deflation and that the country's economic issues are now surfacing due to excessive debt and associated leverage. Recent data from China shows a combination of slow growth and a deflationary trend. The iShares MSCI China ETF (NASDAQ:MCHI) ended Monday’s session down 0.72% at $45.51.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 6:52 am

META

Chris Messina, the creator of hashtags, has discovered a feature that allows users to send a Threads post to X using the paper airplane icon. This feature could be a way for Zuckerberg's Threads to attract a larger audience by using the popularity of X. Threads, a product of Meta Platforms Inc. (NASDAQ:META), has seen a decline in daily active users and app usage time since its launch.

Portfolio Pulse from Ananya Gairola

August 15, 2023 | 6:23 am

BSAQ

TSLA

VFS

Vietnamese EV maker VinFast is set to begin trading on the Nasdaq, but the Environmental Protection Agency (EPA) has listed the company’s vehicles with disappointing range. VinFast vehicles are priced similarly to Tesla's Model Y, but offer a significantly lower driving range. VinFast has completed its SPAC merger with Black Spade Acquisition Co and its shares will begin trading on the Nasdaq under ticker symbols VFS.

Portfolio Pulse from Anan Ashraf

August 15, 2023 | 6:06 am

F

Ford Motor Co (NYSE:F) plans to include BlueCruise hands-free technology as a standard in 500,000 Ford and Lincoln vehicles in 2024. The technology is currently equipped in 225,000 vehicles globally. The 2024 model year F-150 Lightning, Ford F-150, Ford Expedition, Lincoln Navigator, Lincoln Nautilus, and select trims of Lincoln Corsair will be equipped with BlueCruise. Customers can activate BlueCruise annually for $800 or monthly for $75.

Portfolio Pulse from Anan Ashraf

August 15, 2023 | 3:34 am

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) reported a decline in Q2 2023 revenue to $19.6 million, compared to $24.0 million in Q1 2023. However, operating expenses saw a reduction of $0.9 million, a 6.2% decrease from Q1 2023. The company also reported a net loss of $10.5 million, slightly higher than the $10.2 million loss in Q1 2023. Despite the decrease in net sales, the company maintained a gross margin of 23.3%. GNLN stocks were trading lower by 4.38% at $0.851 per share after market close.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 3:30 am

GHBWF

GLASF

Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF) reported record Q2 2023 results, with gross margin exceeding 50%. The company's net sales surged by 171% to $44.7 million, and gross profit rose to $24.4 million. Operational efficiency improved with a 12% reduction in cost per Equivalent Dry Pound of Production. The company's cash balance at the end of the quarter was $22.7 million, a 39% growth from Q1 2023.

Portfolio Pulse from Nicolás Jose Rodriguez

August 15, 2023 | 3:12 am

NYSE:BSAC

VFS

Vietnamese EV maker VinFast has completed its SPAC merger with Black Spade Acquisition Company and will start trading on the Nasdaq on August 15. The merger was approved by Black Spade Acquisition Company shareholders, marking the end of a two-year journey for VinFast to become a publicly traded company in the US. Post-merger, Black Spade becomes a wholly-owned subsidiary of VinFast and will be delisted from the NYSE.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 3:07 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin are maintaining positive momentum despite the SEC's delay in deciding on Cathie Wood's Bitcoin ETF. The global cryptocurrency market cap rose nearly 0.5% to $1.17 trillion. Analyst Edward Moya from OANDA suggests that Bitcoin's range might widen for the rest of the summer, potentially testing as low as $28,500 and as high as the $32,000 level.

Portfolio Pulse from Shivdeep Dhaliwal

August 15, 2023 | 3:04 am