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QCOM

Qualcomm reported a Q3 revenue miss and issued guidance with a midpoint below estimates, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:31 pm

RDN

Radian Group (NYSE:RDN) reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.78 by 16.67%. However, this is a 33.09% decrease from the same period last year. The company's quarterly sales were $213.43 million, missing the analyst consensus estimate of $253.88 million by 15.93%, and marking a 15.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:30 pm

CFMS

Conformis (NASDAQ:CFMS) reported a 15% decrease in sales this quarter, with sales of $13.00 million compared to $15.29 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:30 pm

PRTK

Paratek Pharmaceuticals (NASDAQ:PRTK) has filed definitive proxy materials and a letter to its stockholders regarding its acquisition by Gurnet Point Capital and Novo Holdings. Stockholders will receive an upfront cash payment of $2.15 per share and a Contingent Value Right of $0.85 per share on achievement of a commercial milestone. The transaction represents a 41% premium over the closing price of Paratek's common stock as of May 31, 2023. The company warns that without this transaction, it could face bankruptcy.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 12:30 pm

QQQ

SPY

TSLA

Benzinga's AI experiment, which uses OpenAI's ChatGPT to manage a hypothetical $10,000 investment portfolio, has completed its 12th week. The AI-curated portfolio's performance is compared with leading U.S. equity funds. After 12 weeks, the portfolio's performance slipped, losing its spot in the top-five standings. Tesla Inc (TSLA), the portfolio's frontrunner, is pulling back, while AT&T Inc (T) continues to underperform.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 12:29 pm

BOOT

CNXA

COOK

EVGO

GMBL

MGM

MOD

RVLV

TUP

VAC

Several consumer discretionary stocks experienced significant movement in Wednesday's after-market session. Gainers included Connexa Sports Techs (CNXA), Traeger (COOK), EVgo (EVGO), Modine Manufacturing (MOD), Esports Entertainment (GMBL), and Boot Barn Holdings (BOOT). Losers included Revolve Gr (RVLV), QuantumScape (QS), Tupperware Brands (TUP), Marriott Vacations (VAC), Goodyear Tire & Rubber (GT), and MGM Resorts Intl (MGM). Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:29 pm

CHOOF

CURR

HEMP

PLSH

RDDTF

TBPMF

The article lists the marijuana stocks that gained and lost on August 2, 2023. Notable gainers include Avenir Wellness Solns (OTC:CURR), Radient Technologies (OTC:RDDTF), and Panacea Life Sciences (OTC:PLSH). Significant losers include Choom Holdings (OTC:CHOOF), Hemp (OTC:HEMP), and Tetra Bio Pharma (OTC:TBPMF).

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:28 pm

ERII

RUN

UPWK

In Wednesday's after-market session, several industrials stocks saw significant movement. Gainers included Upwork (UPWK), Sunrun (RUN), TD Hldgs (GLG), Freight Technologies (FRGT), iSun (ISUN), and Emeren Group (SOL). Losers included Energy Recovery (ERII), Ambipar Emergency (AMBI), MISTRAS Group (MG), Gaucho Group Holdings (VINO), Advent Technologies Hldgs (ADN), and Orbital Infr Gr (OIG). Q2 earnings reports were released for UPWK, RUN, ERII, and MG.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:28 pm

INN

Summit Hotel Properties has projected its FY23 adjusted FFO to be between $0.86 and $0.94.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:28 pm

ARAV

In Wednesday's after-market session, several healthcare stocks saw significant movement. Equillium (EQ), T2 Biosystems (TTOO), Coherus BioSciences (CHRS), Cyclo Therapeutics (CYTH), Pulmonx (LUNG), and Community Health Sys (CYH) all saw gains, with Equillium leading the pack with a 33.3% increase. On the other hand, Aravive (ARAV), Vicarious Surgical (RBOT), Bio-Path Hldgs (BPTH), Schrodinger (SDGR), Cross Country Healthcare (CCRN), and Outset Medical (OM) all experienced losses, with Aravive suffering the most with a 74.1% decrease.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:28 pm