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YUM

Yum Brands Inc. (NYSE:YUM) shares are currently trading at $133.54, after a 0.45% drop. Despite a 1.17% fall over the past month, the stock has risen by 13.45% over the past year. The company's P/E ratio is lower than the industry average, which could indicate potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 4:30 pm

EL

SNES

STRO

SYTA

On Wednesday, 155 companies set new 52-week lows. The largest company by market cap to set a new 52-week low was Estee Lauder Cos (NYSE:EL). The smallest company by market cap to set a new 52-week low was SenesTech (NASDAQ:SNES). Siyata Mobile (NASDAQ:SYTA)'s stock fell the most, as it traded down 7658.62% to reach a new 52-week low. Sutro Biopharma (NASDAQ:STRO) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 4:27 pm

DBTX

NVEI

PALI

RENB

TNGX

TYGO

US stocks were lower with the Nasdaq Composite falling around 1%. Energy shares jumped by 1.1% while information technology shares fell 1.3%. Tango Therapeutics, Decibel Therapeutics, and Renovaro Biosciences saw their shares rise significantly. Palisade Bio, Tigo Energy, and Nuvei Corporation shares dropped. U.S. crude oil inventories increased by 5.851 million barrels, exceeding market expectations.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 4:25 pm

EBS

Emergent BioSolutions reported worse-than-expected Q2 EPS results and issued Q3 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 4:24 pm

CBAT

CBAK Energy Technology Inc reported Q2 FY23 revenues of $42.40 million, a decline from $56.35 million a year ago. The decline was due to lower sales from the battery business and Hitrans, an indirect majority-owned subsidiary. Battery business revenues declined 13.5% Y/Y to $22.2 million due to the price volatility of lithium carbonate. The company's shares are trading lower by 3.33% at $1.16.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 4:23 pm

T

Trading has resumed for T Stamp shares.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 4:21 pm

T Stamp

Shares of T Stamp were halted on a circuit breaker to the upside, with the stock now up 26.6%.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 4:16 pm

VST

Vistra Corp (NYSE:VST) reported Q2 FY23 sales of $3.19 billion, more than double from the prior year. The company also reported net income from ongoing operations of $409 million, a significant improvement from a loss of $(1.30) billion. Vistra has also bought back around $2.9 billion of its shares and declared a Q3 dividend per share of $0.2060. The company has also raised its adjusted EBITDA midpoint opportunities outlook for 2024 and 2025. VST shares are trading higher by 5.55% at $30.42.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 4:15 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) reported Q2 earnings with revenue of $1.12 billion, beating the consensus estimate of $978.9 million. The company's operating expenses decreased from $1 billion YoY to $873 million. Rivian produced 13,992 vehicles in Q2, with 12,640 successful deliveries. Analysts from BofA, Mizuho, and Cantor Fitzgerald reiterated their ratings on the stock, with BofA and Mizuho raising their price targets.

Portfolio Pulse from AJ Fabino

August 09, 2023 | 4:13 pm

NVDA

Amy P. Raskin, a prominent investor, announced on CNBC that she has trimmed her position in Nvidia (NVDA).

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 4:12 pm