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LCID

Lucid Group, Inc. (NYSE:LCID) shares rose in premarket trading on Monday following the company's announcement of price reductions for three trims of its Lucid Air EV. The price cuts, ranging from $10,500 to $12,400, come after a disappointing delivery update in mid-July. Lucid is set to report its Q2 results after trading closes on Monday, with an expected loss of $0.33 per share on revenue of $175.01 million, a 79.80% increase from a year ago.

Portfolio Pulse from Shanthi Rexaline

August 07, 2023 | 11:28 am

PLTR

Shares of Palantir Technologies, Inc. (NYSE:PLTR) rose moderately in pre-market trading on Monday, ahead of its Q2 results announcement. The company has been in the spotlight due to its AI opportunities. Wedbush analyst Daniel Ives initiated the stock with an Outperform rating and a $25 price target. Analysts expect the company to report earnings of $0.05 per share, a reversal from a loss of $0.01 per share a year ago, and a 12.6% YoY increase in topline to $532.71 million.

Portfolio Pulse from Shanthi Rexaline

August 07, 2023 | 11:21 am

UBS

Credit Suisse plans to cut 80% of its Hong Kong-based investment banking staff as part of its integration process with UBS Group AG. This will leave only about 20 bankers out of 100 in Hong Kong. UBS has disclosed a significant reduction in Credit Suisse's workforce, with more than half of the employees facing potential layoffs. UBS shares are trading higher by 0.09% at $21.90 pre-market on the last check Monday.

Portfolio Pulse from Lekha Gupta

August 07, 2023 | 11:20 am

SAGE

Trading of Sage Therapeutics shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:11 am

ELAN

Elanco Animal Health reported strong earnings and raised its 2023 financial guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:11 am

IKNA

Ikena Oncology has completed the acquisition of Pionyr Immunotherapeutics in an all-stock transaction. The deal includes all of Pionyr's assets, including approximately $43 million in net cash, in exchange for shares of Ikena's stock. The transaction was approved by the boards of directors from both companies.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:10 am

FTNT

Fortinet shares are trading higher after a dip last week due to weak guidance. Guggenheim has upgraded the stock from Neutral to Buy.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:10 am

SOVO

Trading of Sovos Brands Inc's common shares (SOVO) is set to resume at 7:30 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:09 am

AAPL

AMZN

DKNG

GOOGL

HSIC

MSFT

NVDA

TSLA

TSN

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, tech, electric vehicles, consumer, communication, and general news. Key highlights include Tyson Foods, Henry Schein, Apple, Microsoft, Tesla, Nvidia, Amazon, Google, and DraftKings. In crypto, Bitcoin, Ethereum, and Dogecoin are mentioned. In politics, DeSantis, GOP Presidential Candidate, Bill Barr, and Trump are discussed. In tech, Apple's iPhone 15 and M3-Powered Mac Mini are highlighted. In electric vehicles, Tesla's revenue growth and diner plans are mentioned.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 11:08 am

TRHC

Trading of Tabula Rasa Health Care (TRHC) shares is set to resume at 7:30 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:08 am