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SPY

UNG

The USA Natural Gas Storage reported a 29B increase, which is higher than the estimated 25B and the prior 14B. This could impact ETFs like SPY and UNG.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:30 pm

BIDU

Shares of Baidu Inc (NASDAQ:BIDU) are trading higher by 3.5% to $147.96, in sympathy with Alibaba Group Holding's better-than-expected Q1 FY23 financial results. Alibaba reported a 14% YoY growth in revenue to $32.29 billion, surpassing the consensus of $31.20 billion. Baidu has a 52-week high of $67.87 and a 52-week low of $31.56.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 2:29 pm

PLTR

Palantir Technologies Inc's (NYSE:PLTR) shares are trading higher, possibly due to repeated buying from Cathie Wood of Ark Invest. The company recently reported Q2 financial results in line with estimates, issued strong guidance, and announced a $1 billion buyback. Palantir also announced a multi-year partnership with Azule Energy. Several analysts adjusted price targets on the stock this week.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 2:28 pm

WU

Gordon Haskett has noted that Western Union's stock has been significantly undervalued, trading for less than 6x EBITDA and generating $1B of free cash flow. The firm suggests that an activist could push the company to explore its own options.

Portfolio Pulse from Happy Mohamed

August 10, 2023 | 2:26 pm

FATE

Morgan Stanley analyst Michael Ulz has maintained an Equal-Weight rating on Fate Therapeutics (NASDAQ:FATE) but lowered the price target from $8 to $5.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 2:25 pm

SPRC

SciSparc Ltd (NASDAQ:SPRC) shares dropped by 59.8% after the company announced a proposed underwritten public offering of approximately $1.3 million. The offering includes 6.5 million ordinary shares at $0.20 per share. Aegis Capital Corp. has a 45-day option to buy additional shares up to 15% of the offering, potentially increasing total gross proceeds to around $1.5 million.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 2:25 pm

BABA

JD

Shares of JD.Com Inc (NASDAQ:JD) are trading higher by 3.9% to $39.14, in sympathy with Alibaba Group Holding Ltd - ADR (NYSE:BABA) which reported better-than-expected Q1 FY23 financial results. Alibaba's revenue grew 14% YoY to $32.29 billion, surpassing the consensus of $31.20 billion. JD.Com has a 52-week high of $67.87 and a 52-week low of $31.56.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 2:25 pm

ARMK

Aramark (NYSE:ARMK) shares are trading lower by 4.1% after the company announced pricing of a secondary offering of common stock. The offering of 21,262,245 common stock shares is priced at $39.75 per share. Aramark is not involved in selling shares and won't receive any proceeds. The offering is set to close around August 11.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 2:20 pm

ILMN

Illumina's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also issued its FY23 EPS guidance. Evercore ISI Group has raised its price target for Illumina from $235 to $240.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 2:20 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading lower by 7.0% to $2.66 following the company's announcement of an agreement to acquire eight beer and beverage brands from Anheuser-Busch. The acquisition will make Tilray the 5th largest craft beer business in the U.S., up from 9th. The transaction is expected to close in 2023.

Portfolio Pulse from Henry Khederian

August 10, 2023 | 2:19 pm