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AMZN

ASTS

INTC

LOT

MADE

NVDA

QQQ

SBUX

WAY

WMT

The top 10 trending stocks on WallStreetBets as of August 15, 2024, include NVDA, WMT, SBUX, ASTS, MADE, WAY, AMZN, INTC, LOT, and QQQ, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:15 pm

QCOM

Qualcomm and MediaTek are planning to expand their presence in the PC processor market by 2025 with their respective Arm chips, according to market sources.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:15 pm

APPN

BSET

PEB

WRBY

Several notable insider trades were reported, including significant purchases in Appian Corporation, Pebblebrook Hotel Trust, Warby Parker, and Bassett Furniture Industries. Insider buying often signals confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:14 pm

EWCZ

European Wax Center, Inc. (NASDAQ:EWCZ) reported disappointing Q2 sales and lowered its FY24 revenue guidance. The company named David Berg as CEO and announced a reevaluation of near-term development plans. Shares fell 27% following the news, and several analysts cut their price targets.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:13 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) reported a 41% YoY revenue drop for Q2 2024, with revenue of $3.0 million compared to $5.1 million in Q2 2023. Despite a 15% increase in quarterly revenue and a 54.8% rise in gross profit compared to Q1 2024, the company faces challenges due to uncertain regulations and limited capital availability. Agrify's net loss for Q2 2024 was $2.8 million, down from $6.8 million in Q2 2023. The company plans to explore strategic options to maximize shareholder value. Agrify shares closed 3.27% lower at 25 cents per share.

Portfolio Pulse from Nina Zdinjak

August 15, 2024 | 1:12 pm

DELL

NXTV

TSLA

WLDR

The Delaware Supreme Court upheld a $267 million legal fee for securing a $1 billion settlement for Dell Technologies shareholders. This ruling could impact similar cases involving Tesla. Dell shares are trading higher premarket. The fee is the second largest in Delaware and fifth largest in federal securities litigation. Tesla is contesting substantial legal fees in other cases.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:11 pm

TVGN

Tevogen Bio Holdings (NASDAQ:TVGN) reported a Q2 EPS of $(0.04), showing a significant improvement from $(0.18) per share in the same period last year, marking a 77.78% increase.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:09 pm

GILD

The FDA has granted accelerated approval for Gilead Sciences' (NASDAQ:GILD) drug Livdelzi (seladelpar) for treating primary biliary cholangitis (PBC). This approval follows Gilead's $4.3 billion acquisition of CymaBay Therapeutics. The approval is based on Phase 3 study data showing significant improvements in patients. However, continued approval is contingent on further clinical trials. Gilead's stock was down 0.04% in premarket trading.

Portfolio Pulse from Vandana Singh

August 15, 2024 | 1:09 pm

ARM

ARM shares are trading higher after Elliott Management added to its position in the company.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:08 pm

GAUZ

Gauzy expects aggregated revenue of $240M over the next 10 years from aeronautic cockpit shading. New wins in Q2 2024 have increased Gauzy's market share to 95% in commercial aircraft and business jets. The company is well-positioned to expand in the $600M annual aircraft shading and lighting market.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:08 pm