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NVDA

NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher after analysts raised their price targets ahead of the company's upcoming earnings report. HSBC, Keybanc, and Wedbush analysts all maintained positive ratings and raised price targets, citing Nvidia's strong position in AI trends and expected robust earnings. Nvidia is set to release its Q2 earnings on Wednesday, with Wall Street anticipating earnings of $2.07 per share and quarterly revenue of $11.17 billion.

Portfolio Pulse from Erica Kollmann

August 21, 2023 | 3:53 pm

JBLU

JetBlue Airways Corporation has launched its eighth Gateway development program, Gateway Rotor Transition Program (RTP), aimed at transitioning U.S. military-trained rotary wing aviators into commercial pilots. The program is in partnership with SkyWarrior Flight Training LLC. JetBlue shares were trading 0.39% lower to $6.32.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 3:51 pm

AAOI

Applied Optoelectronics' President and CEO, Lin Chih-Hsiang, has purchased 20,000 shares of the company at an average price of $12.38 per share, according to a Form4 filing. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:46 pm

GILD

The FDA has placed a partial clinical hold on Gilead Sciences Inc's (NASDAQ:GILD) initiation of new patients in U.S. studies evaluating magrolimab to treat acute myeloid leukemia (AML). This follows the discontinuation of Phase 3 ENHANCE study of magrolimab in higher-risk myelodysplastic syndromes (HR-MDS). Gilead is working with regulatory authorities to determine the next steps to release the partial clinical hold.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:46 pm

QCOM

Unusual options activity has been observed for Qualcomm (NASDAQ:QCOM), with a large bearish position being taken. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price target for Qualcomm over the last 3 months has been between $95.0 to $135.0. Analysts from Susquehanna, Morgan Stanley, Daiwa Capital, and Piper Sandler have maintained positive ratings on Qualcomm, with price targets ranging from $125 to $145.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:46 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 66% of recent trades being bearish. The price target for Costco Wholesale over the last 3 months has been between $220.0 to $600.0. The current price of COST is down -0.95% at $539.76. Several advisory groups have maintained their positive ratings on Costco, with price targets ranging from $575 to $640.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:46 pm

EH

EHang Holdings Limited's shares are trading higher following the announcement that the Civil Aviation Administration of China approved the EHang Unmanned Aircraft Cloud System for UACS trial operations.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:37 pm

ESTE

Earthstone Energy has announced a definitive agreement to be acquired by Permian Resources in an all-stock transaction valued at approximately $4.5 billion. This has led to a rise in Earthstone Energy's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:32 pm

EH

EHang Holdings Limited's Unmanned Aircraft Cloud System (UACS) has been approved by the Civil Aviation Administration of China (CAAC) for trial operations. This approval strengthens EHang's foundation for commercial operations following the certification of EH216-S. The UACS will be a crucial component in the commercial operations of EH216-S. EHang shares are trading higher by 9.2% at $18.09.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 3:22 pm

X

US Steel's shares are trading higher after a report suggested that ArcelorMittal is considering an offer between $38-$39 per share for the company.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 3:21 pm