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DBVT

DBV Technologies has received FDA support for its COMFORT Toddlers and COMFORT Children supplemental safety studies for peanut allergies. The studies will enroll children aged 1-7 years and aim to support the efficacy results from the EPITOPE and VITESSE Phase 3 pivotal studies. The company reported Q2 sales of $2.28 million, up from $1.53 million a year ago, and an EPS loss of $(0.26), down from $(0.35) a year ago. DBVT shares are up 8.11% at $1.60 during the premarket session.

Portfolio Pulse from Vandana Singh

August 01, 2023 | 2:59 pm

MRK

Merck & Co Inc reported Q2 sales of $15.04 billion, up 3% Y/Y, beating the consensus of $14.39 billion. The company swung into a loss due to a $4.02 per share acquisition charge for Prometheus Biosciences. However, Merck raised its FY23 revenue outlook to $58.6-$59.6 billion, up from the previous guidance of $57.7-$58.9 billion. MRK shares are up 1.74% in premarket trading.

Portfolio Pulse from Vandana Singh

August 01, 2023 | 2:56 pm

QQQ

The Nasdaq 100 Index, represented by the Invesco QQQ Trust (NASDAQ:QQQ), has closed its fifth consecutive month in the green, marking a year-to-date performance of 42%. Historical data shows that in five out of the last six instances of such a streak, the Nasdaq consistently delivered positive returns both three and six months after the end of its streak. One-year returns have also been consistently positive.

Portfolio Pulse from Piero Cingari

August 01, 2023 | 2:55 pm

WISH

Trading of ContextLogic shares has been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 2:54 pm

AMSC

American Superconductor (AMSC) shares are trading higher following claims of a new superconductor discovery by a group of physicists.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 2:52 pm

TAP

Molson Coors Beverage Co (NYSE:TAP) reported Q2 FY23 sales growth of 11.8% YoY to $3.27 billion, missing the analyst consensus of $3.29 billion. The sales increase was due to positive net pricing, favorable sales mix, and higher financial volumes. Gross profit climbed 48.6% YoY to $1.218 billion. Non-GAAP EPS of $1.78 beat the consensus of $1.59. However, TAP shares traded lower by 5.39% in premarket.

Portfolio Pulse from Shivani Kumaresan

August 01, 2023 | 2:51 pm

CHPT

CLF

COUR

DAL

GOLD

IONQ

MRVL

NUE

SAVE

Jim Cramer expressed his concerns about Spirit Airlines due to increased market competition and government restrictions on consolidation. He recommended Delta Air Lines instead. He also mentioned that IonQ and ChargePoint Holdings are losing money and he can't recommend them. He expressed disappointment with Barrick Gold Corporation. He praised Marvell Technology for its good quarter and its AI business in conjunction with NVIDIA. He also mentioned that Cleveland-Cliffs is doing better than expected but prefers Nucor Corporation for steel investments. He didn't comment on Coursera as he lacks knowledge about it.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 2:36 pm

CAT

Caterpillar Inc reported a Q2 FY23 revenue increase of 21.6% YoY to $17.32 billion, beating the consensus of $16.50 billion. Adjusted earnings were $5.55 per share, compared to $3.18 a year ago, topping the consensus of $4.51. The increase was due to favorable price realization and higher sales volume. CAT shares are trading higher by 2.03% at $270.85 premarket on Tuesday.

Portfolio Pulse from Akanksha Bakshi

August 01, 2023 | 2:34 pm

XOS

Xos, Inc. (NASDAQ:XOS) has secured a purchase order for 30 additional 2023 Xos SV Stepvans from repeat customer UniFirst Corporation. This order is part of UniFirst's Memorandum of Understanding to purchase 200 vehicles from Xos. Deliveries are expected to take place between Q4 2023 and Q1 2024. Xos Energy Solutions will also support charging infrastructure for UniFirst's Ontario, CA location.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 2:31 pm

AAN

EJH

FWRG

GMBL

LTRY

MMYT

NCLH

POL

ROVR

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TUP

VMAR

In Tuesday's pre-market session, several consumer discretionary stocks showed significant movement. Tupperware Brands, Esports Entertainment, MakeMyTrip, First Watch Restaurant Gr, Lottery.com, and Rover Group saw gains, while Polished.com, Vision Marine, Interactive Strength, Aarons, Norwegian Cruise Line, and E-Home Household Service experienced losses. Q1 and Q2 earnings reports influenced some of these movements.

Portfolio Pulse from Benzinga Insights

August 01, 2023 | 2:28 pm