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INFA

Informatica's shares are trading higher after the company reported strong Q3 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:09 pm

ASHR

CQQQ

EEM

GXC

KWEB

MCHI

Morgan Stanley analysts have issued a report on the Chinese market, stating that it's a complicated time to invest. China's economic growth is lagging behind expectations, and domestic demand has not convincingly recovered. However, holding a share of the Chinese market can be a good way to diversify a U.S.-heavy portfolio. The report also downgraded the MSCI China Index to Equal Weight. Despite the challenges, the analysts see potential for the Chinese economy. U.S.-listed ETFs focused on the Chinese market, including iShares MSCI China ETF (NASDAQ:MCHI), KraneShares CSI China Internet ETF (NYSE:KWEB), Xtrackers Harvest CSI 300 China A-Shares ETF (NYSE:ASHR), SPDR S&P China ETF (NYSE:GXC), and Invesco China Technology ETF (NYSE:CQQQ), are up.

Portfolio Pulse from Natan Ponieman

August 04, 2023 | 2:09 pm

DSKE

Daseke Inc. reported worse-than-expected Q2 financial results and revised its FY23 adjusted EBITDA guidance downwards, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:09 pm

MTSI

MACOM Technology Solutions Holdings, Inc. (MTSI) shares are trading higher after the company reported a Q3 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:09 pm

MO

Altria Group's (NYSE:MO) short percent of float has risen 15.79% since its last report, with 15.68 million shares sold short, which is 0.88% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Altria Group has less short interest as a percentage of float (2.98%).

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:09 pm

PRLB

Proto Labs (NYSE:PRLB) is set to release its latest quarterly earnings report on August 4, 2023. Analysts estimate an earnings per share (EPS) of $0.30. The company's past performance shows a pattern of beating EPS estimates. However, the share price has generally dropped after earnings releases. The stock was trading at $32.27 as of August 2, with a 31.54% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:09 pm

PLNT

Planet Fitness has reduced its 2023 revenue growth guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:08 pm

NGVT

Ingevity's shares are trading lower after the company reported a Q2 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:08 pm

BABA

Alibaba is reportedly launching two open-sourced AI models, which is causing its shares to trade higher. This move is seen as a direct competition to Meta.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:08 pm

SNN

Smith & Nephew PLC (NYSE:SNN) reported a 5.2% YoY increase in 1H revenue to $2.73 billion, with operating profit rising to $275 million. However, trading profit decreased to $417 million and adjusted EPS slipped to 34.9 cents. The company's CFO, Anne-Françoise Nesmes, will step down in Q2 2024. Despite the mixed results, the company raised its full-year underlying revenue growth guidance to 6.0%-7.0%. SNN shares are down 2.84% at $28.47.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 2:08 pm