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AZN

BNTX

JNJ

MRNA

NVAX

PFE

SPY

The World Health Organization (WHO) has classified the EG.5 strain of the coronavirus as a 'Variant of Interest'. This could potentially impact the effectiveness of vaccines developed by companies such as AstraZeneca (AZN), BioNTech (BNTX), Johnson & Johnson (JNJ), Moderna (MRNA), Novavax (NVAX), and Pfizer (PFE). The news could also affect the broader market, represented by the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 1:54 pm

BCHUSD

BTCUSD

ETHUSD

Bitcoin and Ethereum traded higher, with Bitcoin surpassing the $30,000 mark and Ethereum trading above $1,800. Aptos was the top gainer in the last 24 hours, while XDC Network was the biggest loser. The global crypto market cap rose to $1.19 trillion, a 24-hour gain of 1.4%.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 1:49 pm

NVDA

A significant number of investors have taken a bearish stance on NVIDIA (NASDAQ:NVDA), with 55% of the detected trades being bearish. The targeted price range for NVIDIA over the last 3 months has been $300.0 to $500.0. The current price of NVDA is down -1.14% at $441.54. Several financial institutions have maintained their positive ratings on NVIDIA, with price targets ranging from $530 to $600.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 1:46 pm

TNGX

Trading of Tango Therapeutics shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:45 pm

GDRX

GoodRx Holdings Inc (NASDAQ:GDRX) reported Q2 sales of $189.7 million, down 1% Y/Y, beating the consensus of $186.82 million. Prescription transactions revenue increased 2% to $136.5 million, while pharma manufacturer solutions revenue decreased 8% to $24.3 million. The company revised FY23 sales guidance to $750- $760 million, compared to prior guidance of $750-$775 million. GDRX shares are down 4% at $8.39.

Portfolio Pulse from Vandana Singh

August 09, 2023 | 1:43 pm

TNGX

Shares of Tango Therapeutics (TNGX) were halted on a circuit breaker to the upside, with the stock now up 70.8%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 1:42 pm

EXR

HST

VNQ

XLRE

The real estate sector is experiencing a shake-up as 30-year mortgage rates reach 7.09%, the highest since 2002. This surge is attributed to the unveiling of the Treasury's funding plan and a downgrade in the U.S. government debt rating. Mortgage applications have declined by 3.1%, marking the third consecutive decline. This has put pressure on real estate stocks, with the Real Estate Select Sector SPDR Fund (XLRE) and the Vanguard Real Estate ETF (VNQ) experiencing drops of 4.7% and 4% respectively. Host Hotels & Resorts, Inc. (HST) and Extra Space Storage, Inc. (EXR) have seen significant declines of 9% and 6% respectively.

Portfolio Pulse from Piero Cingari

August 09, 2023 | 1:37 pm

VTNR

Vertex Energy Inc (NASDAQ:VTNR) reported Q2 FY23 revenue of $734.89 million, beating the consensus of $707.74 million. However, the company missed the EPS estimate due to lower Mobile Refinery margins. The company's Q2 EPS loss was $(1.07), missing the consensus of $(0.28). The Mobile Refinery operations generated a fuel gross margin of $52.7 million, a decline from $103.8 million a year ago. VTNR shares are trading lower by 7.2% at $4.57.

Portfolio Pulse from Lekha Gupta

August 09, 2023 | 1:36 pm

Genpact Limited (NYSE:G) is set to report its Q2 2023 financial results on Aug. 9, 2023. Analysts predict a slight decrease in earnings per share from 70 cents to 69 cents, but an increase in revenue from $1.09 billion to $1.12 billion. Genpact's stock fell 1.6% to close at $35.66 on Tuesday. Several analysts have recently downgraded the stock and cut their price targets.

Portfolio Pulse from Lisa Levin

August 09, 2023 | 1:34 pm

HOTH

Hoth Therapeutics Inc announced positive preclinical endpoints for its Alzheimer's Disease therapeutic, HT-ALZ. The treatment showed improvements in cognitive function tests and reduced anxiety-like behavior in mice. The study was conducted at Washington University, St. Louis. HOTH shares are up 6.20% at $2.39 on the last check Wednesday.

Portfolio Pulse from Vandana Singh

August 09, 2023 | 1:33 pm