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ORCL

Larry Ellison, co-founder and executive chairman of Oracle Corporation (NYSE:ORCL), is backing Sen. Tim Scott for the 2024 Republican presidential nomination. Ellison is reportedly planning to make an eight-figure donation to a political action committee connected to Scott's campaign. This could potentially be the largest contribution in the 2024 Republican presidential primary so far.

Portfolio Pulse from Chris Katje

August 10, 2023 | 10:29 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) reported strong Q1 2024 financial results, with total net revenue reaching $75.1M, a significant increase from $50.1M in the prior year. The company also reported a 53% adjusted gross margin for cannabis net revenue, surpassing industry standards. The company's net loss decreased substantially to $28.3M from $618.8M in the same period of the previous year. The company's CEO, Miguel Martin, expressed optimism for the fiscal year 2024.

Portfolio Pulse from Joana Scopel

August 10, 2023 | 10:24 pm

HHS

Harte-Hanks (NASDAQ:HHS) reported Q2 earnings of $0.16 per share, missing the analyst consensus estimate of $0.20 by 20%. This is a 69.23% decrease from the same period last year. The company also reported quarterly sales of $47.76 million, missing the analyst consensus estimate of $48.97 million by 2.47%. This is a 1.63% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 10:18 pm

ASTL

Algoma Steel Gr (NASDAQ:ASTL) reported Q1 earnings of $0.63 per share, missing the analyst consensus estimate of $0.70 by 9.57%. This is a 45.9% decrease from the same period last year. However, the company's quarterly sales of $615.78 million beat the analyst consensus estimate of $611.28 million by 0.74%, despite being a 15.88% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 9:54 pm

ATER

GMBL

SFT

TLYS

In Thursday's after-market session, several consumer discretionary stocks saw significant movement. Shift Techs, Aterian, Wayfair, Soho House, REE Automotive, and Big 5 Sporting Goods were among the gainers, with increases ranging from 3.55% to 5.5%. On the other hand, Tilly's, Esports Entertainment, a.k.a. Brands Holding, Jiuzi Hldgs, Selina Hospitality, and Visionary Education Tech were among the losers, with decreases ranging from 3.45% to 4.9%.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:32 pm

CANO

ETON

SMLR

YTEN

Several healthcare stocks experienced significant movement in Thursday's after-market session. Semler Scientific (SMLR), Eton Pharmaceuticals (ETON), Invivyd (IVVD), UpHealth (UPH), AIM ImmunoTech (AIM), and SenesTech (SNES) saw their shares rise, with Q2 earnings reports being a common factor. Conversely, Cano Health (CANO), Yield10 Bioscience (YTEN), Biote (BTMD), Apyx Medical (APYX), Joint (JYNT), and PHAXIAM Therapeutics (PHXM) saw their shares fall, with Q2 earnings reports also playing a role.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:32 pm

HQI

PTRA

TISI

TOMZ

Several industrial stocks experienced significant movement in Thursday's after-market session. Notable gainers included Team (TISI), Proterra (PTRA), Innodata (INOD), View (VIEW), Archer Aviation (ACHR), and Amprius Technologies (AMPX). On the other hand, HireQuest (HQI), TOMI Environmental Solns (TOMZ), Velo3D (VLD), Nuburu (BURU), Xos (XOS), and Sidus Space (SIDU) saw declines.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:32 pm

AEYE

ARBB

ARLO

CXAI

KERN

MAXN

MIGI

MPTI

MVLA

OSS

PGY

RGTI

Several information technology stocks experienced significant movement in Thursday's after-market session. Pagaya Techs, M-Tron Industries, Rigetti Computing, Mawson Infra Gr, Movella Holdings, and ARB IOT Group saw gains, while Maxeon Solar Technologies, Akerna, One Stop Systems, Arlo Technologies, AudioEye, and CXApp experienced losses. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:32 pm

FDX

UPS

United Parcel Service, Inc (UPS) has been facing financial challenges due to ongoing labor disputes with the Teamsters union, leading to a reduction in its full-year revenue outlook by $4 billion. Despite this, UPS remains committed to its payout plan, promising to distribute $5.4 billion in dividends and repurchasing $3 billion in shares. The company's current yield stands at 3.58%, making it an attractive option for income investors.

Portfolio Pulse from AJ Fabino

August 10, 2023 | 9:30 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has outperformed the market over the past 5 years by 15.5% on an annualized basis, producing an average annual return of 24.96%. If an investor had bought $100 of PANW stock 5 years ago, it would be worth $304.83 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:30 pm