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FXI

NVDA

The Wall Street Journal reported that companies have started testing Huawei's new Ascend 910C chips, which aim to challenge Nvidia in the AI hardware market.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:45 am

TIGO

Atlas Luxco expressed disappointment over Millicom's independent committee's renewed negative recommendation. Atlas has increased its offer price for Millicom shares and Swedish Depositary Receipts to USD 25.75, a 7.3% increase from the initial offer. The offer expires on August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:40 am

VGK

The Eurozone ZEW Economic Sentiment for August came in at 17.9, significantly below the estimated 35.4 and the prior 43.7. This indicates a sharp decline in economic confidence within the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:17 am

EWG

The ZEW Economic Sentiment Index for Germany in August came in at 19.2, significantly below the estimated 32.6 and the previous month's 41.8. This indicates a sharp decline in economic sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:16 am

EWG

The ZEW Indicator of Economic Sentiment for Germany in August has dropped to -77.3 from -68.9 in the previous month, indicating a worsening economic outlook.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 9:16 am

AIQ

AMZN

GOOG

GOOGL

META

NVDA

Barclays analysts warn that AI companies, including Nvidia, Alphabet, Meta, and Amazon, face significant depreciation costs that are not fully factored into current valuations. This could lead to a decline in stock prices over the next year. The Global X Artificial Intelligence & Technology ETF (AIQ) also saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 8:57 am

ACTU

Actuate Therapeutics has priced its initial public offering (IPO) at $8 per share, raising $22.4 million. The company has also granted underwriters a 30-day option to purchase an additional 420,000 shares. The shares will trade on the Nasdaq Global Market under the symbol 'ACTU' starting August 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:52 am

HD

MNDY

PSFE

RILY

XP

U.S. stocks had a mixed performance on Monday, with the Dow Jones falling over 100 points. The CNN Money Fear and Greed index showed a slight increase but remained in the 'Extreme Fear' zone. Monday.com shares surged 15% after strong earnings, while B. Riley Financial shares plummeted 52% following weak preliminary results. Investors are awaiting earnings from The Home Depot, Paysafe, and XP Inc.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 7:49 am

HD

KYTX

PSFE

RMBL

XP

U.S. stock futures are trading higher this morning. Key stocks to watch include Home Depot, RumbleOn, Paysafe, Kyverna Therapeutics, and XP Inc. Home Depot is expected to report strong earnings, RumbleOn beat revenue estimates, Paysafe is anticipated to post solid earnings, Kyverna Therapeutics received FDA RMAT designation, and XP Inc. is expected to report earnings after the closing bell.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 7:44 am

AZTR

Anitra (AMEX:AZTR) reported a significant quarterly loss of $(2.74) per share, missing the analyst consensus estimate of $(0.36) by 661.11%. The company's sales also dropped by 56.40% year-over-year to $75.000 thousand from $172.000 thousand.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:35 am