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INTC

Intel Corporation (NASDAQ: INTC) has postponed its annual 'Innovation' event, initially scheduled for September 24-25, 2024, to 2025. The decision comes amid layoffs of approximately 15,000 employees and a CPU bug controversy. Intel cited challenging financial results and a weak outlook for the second half of 2024 as reasons for the postponement. The delay may impact promotional efforts for upcoming processors and is part of broader cost-cutting measures.

Portfolio Pulse from Rounak Jain

August 10, 2024 | 3:03 am

NSANY

TSLA

Tesla has added Nissan to the list of automakers that will soon gain access to its supercharger network in North America, joining GM, Volvo, Polestar, and Mercedes-Benz. Despite recent layoffs impacting the supercharging team, Tesla CEO Elon Musk reassured that the network's growth continues, with a $500 million investment planned for this year.

Portfolio Pulse from Anan Ashraf

August 10, 2024 | 2:50 am

TSLA

Tesla CEO Elon Musk announced that the upcoming Roadster is being developed because it is 'cool,' and it may not significantly benefit shareholders or the company's financials. The Roadster, a tribute to Tesla's first EV, is expected to start production in 2025. Despite its impressive performance, Musk has previously stated that the Roadster will not have a major financial impact on Tesla.

Portfolio Pulse from Anan Ashraf

August 10, 2024 | 1:52 am

SXTPW

Trading for SXTPW was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:50 pm

SXTP

Trading for SXTP was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:50 pm

KRYS

Krystal Biotech (NASDAQ:KRYS) has significantly outperformed the market over the past 5 years, delivering an average annual return of 33.79%. A $1000 investment in KRYS 5 years ago would be worth $4,178.21 today. The company's current market capitalization is $5.20 billion.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 9:30 pm

PGR

Progressive (NYSE:PGR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 24.65%. A $1000 investment in PGR 10 years ago would be worth $9,162.40 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 9:30 pm

CARS

In the past three months, five analysts have provided ratings for Cars.com (NYSE:CARS), ranging from bullish to bearish. The average 12-month price target is $22.8, with a high of $26.00 and a low of $19.00. Recent analyst actions include downgrades and maintained ratings, reflecting changing market dynamics and company performance. Cars.com has shown positive revenue growth and strong net margins but faces challenges with return on equity.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 9:00 pm

TPVG

TriplePoint Venture Growth (NYSE: TPVG) has received mixed analyst ratings over the past three months, with a majority leaning towards 'Somewhat Bearish'. The average 12-month price target has decreased from $9.25 to $8.38. Analysts from firms like Keefe, Bruyette & Woods, Piper Sandler, and Wells Fargo have lowered their ratings and price targets. Despite strong financial metrics like a high net margin and ROE, TPVG faces challenges with its ROA and revenue growth compared to industry peers.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 9:00 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has significantly outperformed the market over the past 5 years, with an average annual return of 52.33%. A $100 investment in FTAI 5 years ago would now be worth $818.50. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 9:00 pm