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GFI

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Shares of gold companies are trading lower due to a decrease in gold prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:28 am

NCLH

Norwegian Cruise Line Holdings Ltd (NCLH) stock is sinking following its weak Occupancy forecast for 2024 and beyond. Despite reporting Q2 FY23 sales growth of 85.7% YoY to $2.21 billion and an adjusted EPS of $0.30, beating analyst consensus, the company's shares are trading lower by 14.7%. The company expects Occupancy to be approximately 200 basis points lower relative to 2019 for 2024 and beyond.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 9:28 am

OTTR

Otter Tail Corporation reported better-than-expected Q2 financial results and raised its FY23 EPS guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:28 am

SWK

Stanley Black & Decker's shares are trading higher after the company reported better than expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:27 am

URI

A significant bearish stance has been taken on United Rentals (NYSE:URI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 18% bullish and 81% bearish. The whales have been targeting a price range from $330.0 to $500.0 for United Rentals over the last 3 months. The price of URI is up 1.53% at $471.77. Analysts from Citigroup, UBS, and Goldman Sachs maintain a 'Buy' rating on United Rentals, while Barclays and Baird maintain an 'Underweight' and 'Underperform' rating respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:27 am

CRVUSD

TRXUSD

USDTUSD

Justin Sun, the founder of TRON (CRYPTO: TRX), has purchased approximately $2.9 million worth of Curve (CRYPTO: CRV) tokens from Michael Egorov, the founder of Curve Finance. The transaction was confirmed by blockchain security company PeckShield and blockchain data analytics platform Lookonchain. Sun withdrew two million Tether (CRYPTO: USDT) from AAVE (CRYPTO: AAVE) and transferred them to Egorov, who in return transferred around five million CRV to Sun.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 9:27 am

PDD

A significant amount of unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $40.0 and $120.0. The current price of PDD is $92.0, up by 2.43%, with RSI indicators suggesting the stock may be overbought. The next earnings are expected in 27 days.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:27 am

WISH

ContextLogic, Inc. (NASDAQ:WISH) announced a plan to reduce its workforce in the US by 41% and non-US workforce by 95 employees. The company expects to realize a run-rate savings of between $43 million and $45 million on an annualized basis starting Q4 this year. WISH shares are trading 4.58% lower at $9.07.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 9:26 am

HCM

HUTCHMED has reported a year-over-year increase in its H1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:26 am

OSK

Oshkosh Corporation reported better-than-expected Q2 financial results and issued FY23 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:26 am