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COP

ConocoPhillips (COP) shares rose by 2.19% due to increased oil prices following Middle East tensions and Libya's oil production halt. The company's profitability is closely tied to oil prices, and the current geopolitical situation may boost its earnings.

Portfolio Pulse from Henry Khederian

August 26, 2024 | 7:37 pm

PWR

Quanta Services (NYSE:PWR) has significantly outperformed the market over the past 20 years, achieving an average annual return of 20.32%. A $1000 investment in PWR 20 years ago would now be worth $41,464.89, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 7:30 pm

GWRE

Guidewire Software (NYSE:GWRE) has outperformed the market over the past 10 years with an average annual return of 12.38%. A $1000 investment in GWRE 10 years ago would now be worth $3,213.44. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 7:30 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) has received a DOJ subpoena related to federal award applications under the U.S. Chips and Science Act. The denial of their application impacts plans for a $4 billion research site. AMAT shares have dropped over 6% in the past five days.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 7:26 pm

BILI

PDD

Bilibili Inc (NASDAQ:BILI) shares fell 4.59% due to competitive pressures following PDD Holdings' (NASDAQ:PDD) weaker-than-expected Q2 sales results. PDD's revenue growth signals increased competition in the digital space, impacting Bilibili's growth prospects.

Portfolio Pulse from Henry Khederian

August 26, 2024 | 7:19 pm

PM

The article discusses the recent options trading activity for Philip Morris International (NYSE:PM), highlighting a bullish sentiment among traders. A significant portion of the trades were puts, with a smaller number of calls, indicating a targeted price range of $100 to $130. The current market status shows a slight decline in PM's stock price, with a neutral RSI and an upcoming earnings announcement. An analyst from Barclays maintains an Overweight rating with a target price of $130.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 7:15 pm

BILI

PDD

Bilibili shares are experiencing a decline in response to PDD Holdings' disappointing Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 7:15 pm

CHIQ

CLIX

CQQQ

KWEB

ONLN

PDD

PDD Holdings Inc. (NASDAQ:PDD) saw its ADRs plummet nearly 30% after disappointing Q2 earnings and a pessimistic revenue forecast. Despite an 86% revenue increase, results fell short of expectations, leading to a sell-off. ETFs with significant PDD exposure, such as ProShares Online Retail ETF (ONLN) and Global X MSCI China Consumer Discretionary ETF (CHIQ), also suffered declines.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 7:12 pm