Streetbeat News

Stock Prices

EUDA

EUDA Health Holdings Limited has received a notice from Nasdaq for non-compliance with the minimum bid price requirement of $1.00 per share for continued listing. The company has 180 days to regain compliance. If it fails to do so, it may be eligible for an additional 180-day compliance period or face delisting. The company is considering its options to regain compliance.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

AAPL

AMD

AMZN

GOOGL

PLTR

SPY

TSLA

The article discusses the bearish market trends observed last week and the potential for a bullish recovery in the upcoming week. It mentions several US-listed companies and ETFs including SPY, AAPL, TSLA, GOOGL, AMD, PLTR, and AMZN. The author suggests that the bulls need to step up to reclaim the previously lost support or face more downside. The article also provides specific price levels and market structures for each mentioned asset.

Portfolio Pulse from Mando Trading

August 14, 2023 | 12:49 pm

BABA

FXI

KWEB

MCHI

Alibaba Group Holding Limited (BABA) stock is trading lower in line with Chinese ETFs IShares China Large-Cap ETF (FXI), KraneShares Trust KraneShares CSI China Internet ETF (KWEB) and IShares MSCI China ETF (MCHI). This is due to the ongoing agitation in China's broader sector amid government transparency regarding reforms to boost the economy after the intense regulatory crackdown and pandemic restrictions. Alibaba recently reported a 14% YoY revenue growth to $32.29 billion, beating the consensus of $31.20 billion. However, the company acknowledged the AI chips crisis hampering its ambitions.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:47 pm

AAPL

FXCOF

Apple Inc.'s key supplier, Foxconn Technology Co. Ltd., predicts a decline in iPhone demand in 2023, which could lead to a weak holiday season for Apple. This is due to an expected slowdown in the global smartphone industry. Apple is expected to see a 2% decline in iPhone revenue in September, the largest fall since 2016. However, Apple might offset some of this impact with an expected $100 increase in iPhone 15 Pro and iPhone 15 Pro Max prices.

Portfolio Pulse from Rounak Jain

August 14, 2023 | 12:46 pm

XP Inc. is expected to report higher Q2 earnings with an estimate of 38 cents per share, up from 35 cents per share a year ago. Revenue is projected at $720.6 million, compared to $641.29 million in the same period last year. XP shares fell 1.4% to close at $25.32 on Friday. Analysts from B of A Securities, Banco Bradesco BBI SA, and Citigroup have recently changed their ratings and price targets for the stock.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:46 pm

GAIA

QNCX

RYES

Insiders at Gaia, Inc. (GAIA), Rise Gold Corp. (RYES), and Quince Therapeutics, Inc. (QNCX) have recently made significant stock purchases. Gaia's Director Paul Sutherland acquired 1,000 shares at an average price of $2.57, following a wider-than-expected Q2 loss. Rise Gold's 10% owner V B S Investments Pty Ltd acquired 500,000 shares at an average price of $0.40, following the appointment of Mr. Daniel Oliver Jr. as a director. Quince Therapeutics' CEO Dirk Thye acquired 88,000 shares at an average price of $1.26, following a narrower Q1 loss.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:45 pm

TMC

TSHA

TSLA

Taysha Gene Therapies reported initial clinical data from the first adult Rett Syndrome patient dosed in REVEAL Phase 1/2 trial and provided a corporate update with Q2 2023 financial results. The Metals Company shares traded higher after announcing a registered direct offering at $2/share plus warrants. Tesla shares traded lower after the company cut some Model Y prices in China.

Portfolio Pulse from ryanfaloona@benzinga.com

August 14, 2023 | 12:43 pm

FNKO

REE

TRNR

UHG

WOOF

The article lists the top 5 oversold stocks in the consumer discretionary sector, which may present an opportunity for investors. The stocks mentioned are United Homes Group, Inc. (UHG), Interactive Strength Inc. (TRNR), REE Automotive Ltd. (REE), Funko, Inc. (FNKO), and Petco Health and Wellness Company, Inc. (WOOF). The companies have reported various financial results and partnerships, and their stocks have been trading near their 52-week lows.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:41 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) has announced a tradable subscription rights offering for its Class A and Class B common stock and warrants. The rights offering is priced at $3.00 per share and includes an over-subscription privilege. The offering also covers the placement of unsubscribed shares for an additional period of up to 45 days following the expiration of the offering. The rights offering is expected to begin on August 22, 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:41 pm

AMZN

DIDIY

SFTBF

SoftBank Group Corp is considering acquiring the remaining 25% stake in British chip designer Arm Ltd from its investment fund, Vision Fund 1. This could help alleviate past losses for VF1 investors from investments like WeWork Inc and DiDi Global Inc. SoftBank plans to list Arm on Nasdaq in September with a valuation of $60 billion - $70 billion. The company also explored partnerships with tech companies like Amazon.Com, Inc as cornerstone investors in Arm's IPO.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:39 pm