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Stock Prices

HOFT

Hooker Furnishings anticipates an increase in demand and business in the second half of the year, with orders trending upwards in all segments. The company also expects its Home Meridian division to achieve profitability.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 10:07 am

BMWYY

TSLA

VWAGY

Tesla, Inc. is expected to showcase its Cybertruck and new Model 3 at the Detroit Auto Show next week, according to investor Gary Black. Other brands such as BMW, General Motors, Ford, and Volkswagen will also be displaying their electric vehicle lineups. Black believes that the event could provide significant exposure for Tesla's new products. Tesla's shares fell 0.82% in premarket trading on Friday.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 9:59 am

NAAS

NaaS Technology Network reported Q2 2023 operational highlights, including a 112% YoY increase in charging volume to 1,228 GWh, a 109% YoY rise in gross transaction value to $160.8M, and a 110% YoY increase in the number of orders to 53.8M. The number of chargers connected and accessible on NaaS' network also increased by 80% YoY to over 652,000.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:46 am

DOCU

HOFT

RENT

SMAR

Kroger, DocuSign, Hooker Furnishings, Smartsheet, and Rent the Runway are stocks to watch heading into Friday. Kroger and Hooker Furnishings are expected to report earnings, while DocuSign and Smartsheet reported better-than-expected Q2 results. Rent the Runway is expected to report a quarterly loss.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 9:35 am

AAPL

FXI

Morgan Stanley has stated that China's increasing restrictions on the iPhone will at most impact Apple's revenues by 4%. The firm also believes that the recent 2-day stock sell-off on Apple due to China's actions is overdone.

Portfolio Pulse from Charles Gross

September 08, 2023 | 9:29 am

BBBYQ

CHWY

GME

Ryan Cohen, co-founder of Chewy Inc. and executive chairman of GameStop Corp., is reportedly under investigation by the SEC over his trades in Bed Bath & Beyond's stock. Cohen's investment firm, RC Ventures, took a 9.8% stake in Bed Bath & Beyond in March 2022, which he sold off in August 2022 for a profit of $60 million. The SEC is now requesting information from Cohen about his trades and his communications with Bed Bath & Beyond's management.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 9:28 am

CVX

UNG

Talks between Chevron and unions representing workers at its liquefied natural gas facilities in Australia ended without a deal, leading to planned strike action. This news led to an increase in gas prices in Europe by as much as 11%.

Portfolio Pulse from Charles Gross

September 08, 2023 | 8:48 am

BYDDF

FXI

TSLA

China Passenger Car Association reported that car sales in China totaled 1.94 million units in August, marking a 2.2% YoY increase. Tesla exported China-made vehicles in August.

Portfolio Pulse from Charles Gross

September 08, 2023 | 8:43 am

DOGEUSD

SHIBUSD

Meme cryptocurrency HarryPotterObamaInu (CRYPTO: INU) outperformed Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) following a controversial interview aired by former Fox News host Tucker Carlson with Larry Sinclair. Elon Musk, owner of Twitter, commented on the credibility of Sinclair's claims. HarryPotterObamaInu experienced a 7.18% increase in the last 24 hours, while Shiba Inu and Dogecoin saw gains of 0.40% and 0.45%, respectively. Investors are advised to exercise caution when dealing with meme coins like HarryPotterObamaInu, especially when trading volumes are low.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 8:24 am

BTCUSD

RIOT

Riot Platforms Inc. (NASDAQ:RIOT) received $31.7 million in energy credits from the Electric Reliability Council of Texas (ERCOT) after voluntarily reducing its energy consumption during a heatwave. The value of these credits exceeded the worth of the 333 Bitcoins mined by Riot in August, which was approximately $8.9 million. Despite net losses of over $500 million in 2022, Riot's stock has increased by around 230% in 2023 due to Bitcoin's recovery.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 7:51 am