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Stock Prices

SVFD

Shares of Save Foods (SVFD) were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 182.8%.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:30 pm

MKTX

MarketAxess Holdings Inc (NASDAQ:MKTX) has agreed to acquire Pragma, a provider of quantitative trading technology. The deal, expected to close in Q4, will enhance MarketAxess' client offerings with AI-powered technology solutions. The acquisition will also accelerate MarketAxess' leadership in the fixed-income automation and algo space. As of June 30, 2023, MarketAxess held $505.5 million in cash and equivalents. MKTX shares are trading higher by 0.27% at $243.51.

Portfolio Pulse from Lekha Gupta

August 07, 2023 | 2:30 pm

SAGE

Sage Therapeutics shares are trading lower after the FDA issued a Complete Response Letter (CRL) for its New Drug Application for zuranolone for treatment of adults with major depressive disorder. The FDA stated that additional studies will be needed as the application didn't provide substantial evidence of effectiveness. The company's shares were down 49.4% at $18.26.

Portfolio Pulse from Adam Eckert

August 07, 2023 | 2:30 pm

CWH

Camping World Holdings Inc (NYSE:CWH) shares rose after the company announced the closure of its acquisition of assets and real estate of Crain RV. Truist Securities upgraded Camping World's rating from Hold to Buy and raised the price target from $28 to $35, citing healthier margins and market share in 2024 due to the company's accelerated MY23 clearance efforts.

Portfolio Pulse from Priya Nigam

August 07, 2023 | 2:26 pm

AMZN

META

PINS

SNAP

Pinterest's Q2 revenue rose 6% YoY to $708 million, beating estimates, but expenses also grew 11% YoY to $781 million. The company signed a multi-year deal with Amazon to feature third-party ads, which is progressing faster than anticipated. Meanwhile, Meta Platforms reported a return to double-digit revenue growth, while Snap's shares fell over 17% due to poor guidance and declining sales.

Portfolio Pulse from Upwallstreet

August 07, 2023 | 2:25 pm

NVDA

Nvidia's stock has surged over 200% this year, largely due to increasing demand for its AI chips. Despite currently undergoing a correction phase, the stock remains a favored investment choice. However, current indicators suggest a potential slowdown in momentum. The stock closed at $446.80, trading up by 0.39% on August 4.

Portfolio Pulse from Zaheer Anwari

August 07, 2023 | 2:23 pm

EADSY

RTX

SAVE

RTX Corporation's subsidiary, Pratt & Whitney, has identified a rare condition in the powder metal used to manufacture certain engine parts, necessitating accelerated fleet inspection. This has led to airlines in the U.S., Europe, and Asia temporarily cutting off some flights and routes. RTX has reduced its free cash flow forecast due to the potential multibillion-dollar impact. Airbus SE and Spirit Airlines are among the affected companies, with 137 engines needing inspection and several jets being pulled from service respectively.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 2:20 pm

AAOI

DVA

ELAN

GHM

HLLY

LAUR

SATS

SOVO

VRTV

VTGN

VTRS

Several US stocks recorded gains on Monday, with Vistagen Therapeutics, Sovos Brands, Veritiv Corporation, Graham Corporation, Applied Optoelectronics, Holley Inc., United Homes Group, EchoStar Corporation, ModivCare Inc., Genie Energy Ltd., Manchester United plc, Laureate Education, Elanco Animal Health Incorporated, Viatris Inc., DaVita Inc., and Astronics Corporation among the big movers. The gains were driven by various factors including successful clinical trials, acquisition announcements, better-than-expected quarterly results, and analyst upgrades.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 2:19 pm

AMZN

QQQ

SPY

The article discusses the recent market trends and the potential impact of seasonal selling. It mentions that stocks are strong and the big picture case is getting stronger, suggesting a pullback, not a bear market. The Bullish Percent indexes for SPX and QQQ were hinting at the start of a pullback two weeks ago. The article also mentions that Amazon's stock is up due to better-than-expected earnings, and that SPY and QQQ are below the short-term 8 and 21-day moving averages.

Portfolio Pulse from Andrew Moss

August 07, 2023 | 2:17 pm

KRYS

Krystal Biotech reported worse-than-expected Q2 earnings per share (EPS) results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:16 pm