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BLNK

Blink Charging's shares are trading higher following the company's Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:17 pm

EBIX

Ebix Inc. reported worse-than-expected Q2 financial results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:16 pm

MELI

A significant amount of unusual options activity has been observed for MercadoLibre (NASDAQ:MELI), with a bullish stance taken by a majority of investors. The price target range for MercadoLibre over the last 3 months has been between $1070.0 to $1400.0. The company's stock price is currently down by 0.3% at $1324.41. Several financial institutions including Barclays, JP Morgan, and Credit Suisse have maintained their positive ratings on MercadoLibre.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:16 pm

IBM

A significant amount of unusual options activity has been detected for IBM (NYSE:IBM), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last 3 months is from $80.0 to $155.0. The current price of IBM is down -1.84% at $143.22. Analysts from BMO Capital, Morgan Stanley, Stifel, and B of A Securities have maintained their ratings on IBM, with price targets ranging from $135 to $160.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:15 pm

AAPL

The U.S. Supreme Court has ruled in favor of Apple Inc (NASDAQ:AAPL) in its legal battle with Epic Games, allowing Apple to maintain its current payment rules in its App Store. The ruling is a temporary win for Apple, which had been accused of violating unfair competition laws by limiting payment methods for app developers. The stock was down 0.81% at $178.34 at the time of publication.

Portfolio Pulse from Adam Eckert

August 09, 2023 | 5:11 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower by 1.2% amid weakness in semiconductor stocks, possibly due to a drop in Super Micro Computer's stock following its earnings announcement. Despite surpassing analyst estimates for Q2 earnings and sales, Super Micro Computer's projected Q1 adjusted EPS and revenues are below estimated values. Applied Materials has a 52-week high of $153.28 and a 52-week low of $71.12.

Portfolio Pulse from Henry Khederian

August 09, 2023 | 5:08 pm

INTC

Intel Corporation's shares are trading lower amid weakness in semiconductor stocks, potentially due to a drop in Super Micro Computer's stock following its earnings announcement. Despite surpassing analyst estimates, Super Micro Computer's projected first-quarter adjusted EPS and revenues are lower than estimated, which may have contributed to the sector's weakness.

Portfolio Pulse from Henry Khederian

August 09, 2023 | 5:08 pm

NXE

NexGen Energy Ltd reported a Q2 FY23 EPS loss of C$(0.04) compared to C$(0.02) a year ago, and a net loss of C$(17.5) million vs. net income of C$17.6 million a year ago. The company also reported a mark-to-market loss on the Convertible Debentures of C$2.7 million. As of June 30, 2023, the cash balance stood at C$100.6 million, and marketable securities at C$7.2 million. The company's shares are trading lower by 0.51% at $4.87.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 5:07 pm

CEVA

CEVA shares are trading lower following the company's Q2 financial results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:05 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) shares are trading lower by 3.5% amid weakness in semiconductor stocks, potentially due to a drop in Super Micro Computer's shares following its earnings announcement. Super Micro Computer reported Q2 earnings of $3.51 per share, surpassing estimates, and sales of $2.19 billion, also beating estimates. However, the company's projected Q1 adjusted EPS and revenue estimates are lower than expected.

Portfolio Pulse from Henry Khederian

August 09, 2023 | 5:05 pm