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HOVR

New Horizon Aircraft has announced a public offering of 2.8 million shares, along with warrants to purchase an additional 2.8 million shares. Additionally, pre-funded warrants to purchase up to 3 million shares and accompanying warrants are being offered, all at a combined price of $0.50.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:05 am

LOW

Lowe's has revised its FY24 outlook, lowering total sales and adjusted EPS estimates. The company now expects total sales between $82.7B and $83.2B, down from $84B to $85B, and adjusted EPS between $11.70 and $11.90, down from $12.00 to $12.30.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:04 am

BTCUSD

GLD

Ronald Stoeferle, managing partner at Incrementum, is optimistic about gold and Bitcoin, citing their potential as hedges against inflation and economic uncertainty. He suggests a new portfolio allocation to adapt to changing market dynamics.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 10:04 am

LOW

Lowe's reported a 5.1% decrease in comparable sales for Q2, indicating potential challenges in its retail performance.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:02 am

XPEV

XPeng reported a 30.2% year-over-year increase in vehicle deliveries for Q2 2024, totaling 30,207 vehicles compared to 23,205 in Q2 2023.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:34 am

XPEV

XPeng reported its Q2 2024 financial results, missing both earnings and sales estimates. The adjusted earnings per ADS were RMB(1.29), below the expected RMB(1.26), and sales were RMB8.111 billion, missing the RMB8.207 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:32 am

BABA

BIDU

JD

LI

NIO

Major Chinese stocks, including Alibaba, NIO, and Baidu, are trading lower in premarket due to China's decision to stop releasing daily foreign fund flow data, causing investor anxiety. This move comes amid China's economic challenges, including a struggling property sector and weak consumer sentiment.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 9:30 am

VIPS

Vipshop Holdings has announced its Q3 2024 revenue expectations to be between RMB20.5 billion and RMB21.6 billion, which is below the previous estimate of RMB22.86 billion. This represents a year-over-year decrease of 5% to 10%.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:05 am

ALK

HA

The $1.9 billion merger between Alaska Airlines and Hawaiian Airlines has received DOJ approval and awaits the Transportation Department's nod. This merger could become the largest among U.S. carriers since Alaska's merger with Virgin America. Despite challenges, Hawaiian Airlines' shares have surged, while Alaska Airlines' stock has been under pressure.

Portfolio Pulse from Benzinga Neuro

August 20, 2024 | 8:40 am

RERE

ATRenew reported Q2 2024 earnings of $0.07 per share, missing the $0.50 estimate. Sales were $519.7M, below the $3.719B estimate, but up 27.16% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:19 am