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INTC

Intel's board director, Lip-Bu Tan, is set to leave the company. This comes at a time when Intel is facing challenges in the chipmaking industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:29 pm

CAVA

CAVA Group, Inc. (NYSE:CAVA) is experiencing volatility as it prepares to release its Q2 2024 earnings. Analysts expect EPS of $0.12 and revenue of $218.21 million. CAVA has a history of beating estimates, and Stifel analyst Chris O’Cull recently raised the price target to $110. The stock is trading above its 52-week high.

Portfolio Pulse from Dylan Berman

August 22, 2024 | 6:22 pm

ETHA

MSTX

Bloomberg ETF analysts discuss the growth and challenges of cryptocurrency ETFs, highlighting Bitcoin ETFs' significant inflows and Ethereum ETFs' struggles. They also mention the volatility of leveraged MicroStrategy ETFs.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 6:21 pm

EYEN

Eyenovia Inc (NASDAQ:EYEN) stock is trading higher after a significant drop, with a session volume much higher than average. The company announced a share offering to raise approximately $5.14 million, which will be used for product commercialization, clinical studies, and potentially repaying loans. The stock price increased by 11.8% following this news.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 6:20 pm

HUBS

Deep-pocketed investors are showing a bearish sentiment towards HubSpot (NYSE:HUBS) as revealed by Benzinga's options scanner. The options activity is unusual, with 37% of investors bearish and 12% bullish. The stock is currently trading at $497.85, with analysts setting an average price target of $583.0.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:15 pm

COIN

Wealthy investors are showing interest in Coinbase Glb (NASDAQ:COIN) with a mix of bullish and bearish options trades. A total of 68 unusual options trades were identified, with a significant amount of money involved. The stock is currently trading at $199.93, down by 3.05%. Analysts have mixed ratings, with a consensus target price of $257.4.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:15 pm

CVNA

Carvana Co (NYSE:CVNA) has experienced a significant turnaround in 2024, with its stock up 217% year-to-date. The company reported strong second-quarter financial results, beating analyst expectations and leading to increased price targets. Carvana's strategic restructuring and focus on efficiency have driven profitability and growth, with expectations for continued success in the coming quarters.

Portfolio Pulse from Chris Katje

August 22, 2024 | 6:10 pm

MRNA

Moderna announced that its updated Covid-19 vaccine, targeting the KP.2 variant, will be available in U.S. pharmacies and care settings in the coming days.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:07 pm

RNSC

SSTK

Shutterstock, Inc. (NYSE:SSTK) shares are trading lower following the announcement of the departure of Chief Product and Digital Officer John Caine, effective August 2024. The company reaffirmed its 2024 guidance, projecting revenue growth and adjusted EPS below estimates. SSTK stock has declined over 22% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 6:01 pm

AAPL

DIS

LEVI

TGT

ULTA

Target Corporation reported better-than-expected Q2 results and raised its full-year 2024 EPS outlook. Analysts from BofA Securities and Telsey Advisory Group have increased their price forecasts and EPS estimates, citing strong performance and strategic initiatives. Despite this, Target shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2024 | 6:01 pm