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DASH

DoorDash's shares are trading higher after the company reported a Q2 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:05 pm

SNOW

A popular retail investor newsletter has picked Snowflake (SNOW) as a stock to watch. This could potentially influence retail investors to buy the stock, leading to an increase in its price.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:05 pm

MCHP

A significant bearish stance has been observed in the options activity for Microchip Technology (NASDAQ:MCHP). Out of the 10 unusual trades detected, 70% were bearish and 30% bullish. The total amount for the 8 puts was $766,785 and for the 2 calls was $182,610. Whales have been targeting a price range from $70.0 to $90.0 for Microchip Technology over the last 3 months. The current price of MCHP is $90.27.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:05 pm

OM

Outset Medical Inc (NASDAQ:OM) has paused the shipment of TabloCart with Prefiltration, pending the FDA's clearance of a 510(k) the company plans to submit later this month. Despite this, Q2 revenue increased 43.8% to $36.0 million, beating the consensus of $35.18 million. The company reiterated its 2023 revenue guidance range of $144 million-$150 million, but now expects to be at the low end due to the shipment pause. OM shares are down 9.76% at $17.47.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 2:05 pm

DFH

Banyan Hill's 8-Figure Fortunes Newsletter has issued a buy alert for Dream Finders Homes (DFH).

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:04 pm

HD

A significant amount of unusual options activity has been observed for Home Depot (NYSE:HD), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades range from $280.0 to $410.0 for Home Depot over the last 3 months. The current price of HD is up 1.0% at $331.77. Citigroup, Truist Securities, and Argus Research have all maintained their Buy rating on Home Depot.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:04 pm

PH

Parker-Hannifin Corporation's shares are trading higher following the announcement of strong Q4 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm

LUV

Southwest Airlines' stock has been downgraded to Underperform by Jefferies, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm

SPKY

SPY

UVXY

Ahead of Apple and Amazon's earnings reports, the SPDR S&P 500 (NYSE:SPY) opened lower, while the CBOE Volatility Index (CBOE: VIX) surged over 10%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) was trading over 3% higher after closing up 14% the previous day. SPKY, a 1.5x leveraged fund, tracks the SPIKES Futures Short-Term Index and measures volatility in a similar way to the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 2:04 pm

CHRS

Coherus BioSciences reported better-than-expected Q2 financial results and issued FY23 net product revenue guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:04 pm