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ASND

Ascendis Pharma reported Q2 losses of $(2.06) per share, missing the $(1.56) estimate. Sales were $38.76M, falling short of the $92.74M estimate. This reflects a 12.34% improvement in EPS from last year but a 24.97% decline in sales.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 9:07 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum are experiencing a decline as short-term holders sell off their assets. Bitcoin's exchange net flows have increased, and significant transactions have risen. Analyst Peter Brandt notes a pattern of lower highs and lows in Bitcoin's chart, indicating a lack of momentum. The SEC is involved in various crypto-related legal actions, and Qatar is introducing crypto regulations. Despite current market conditions, some analysts predict a potential Bitcoin rally in the future.

Portfolio Pulse from Khyathi Dalal

September 03, 2024 | 8:57 pm

PagerDuty's stock fell after reporting mixed Q2 results. Revenue was slightly below estimates, but EPS exceeded expectations. The company showed growth in revenue and customer base, but the outlook for Q3 was mixed, leading to a 12.68% drop in after-hours trading.

Portfolio Pulse from Adam Eckert

September 03, 2024 | 8:57 pm

ZURA

Zura Bio has filed for a mixed shelf offering of up to $300 million, which could impact its stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:52 pm

IWM

SPY

TLT

USO

UUP

Investors are anticipating key labor market data this week, which could influence expectations for Federal Reserve rate cuts. Market probabilities for a 50-basis-point rate cut at the upcoming FOMC meeting have increased. Five ETFs, including TLT, UUP, SPY, IWM, and USO, are highlighted as potentially impacted by the labor data.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 8:51 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) has seen a surge in options activity, with 71% of investors showing a bullish sentiment. The stock is currently down 9.23% at $848.38, but analysts maintain a Buy rating with price targets up to $1100. Significant options trades suggest a price range of $820 to $930.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 8:45 pm

Deep-pocketed investors are showing a bullish trend in Philip Morris Intl (NYSE:PM) options trading, with 18 significant options activities noted. The sentiment is mixed, with 55% bullish and 27% bearish. The stock is currently trading at $125.71, up 1.96%, and is considered overbought. Barclays maintains an Overweight rating with a $130 target.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 8:45 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) shares surged after reporting strong Q2 earnings and providing robust FY 2025 guidance. The company beat analyst estimates with earnings of 15 cents per share and revenue of $182.6 million. GitLab's customer base and retention rates showed significant growth, and the company projects FY 2025 earnings and revenue above expectations.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 8:43 pm

PACS

PACS Group announced a public offering of 13.88 million shares of its common stock, with 2.77 million shares sold by the company and 11.11 million shares by selling stockholders. The selling stockholders may grant underwriters a 30-day option to purchase an additional 2.08 million shares. PACS will not receive proceeds from the shares sold by stockholders.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:41 pm

AAPL

AAPU

AAPX

FTEC

IYW

VGT

Gene Munster predicts that Apple's iPhone 16 launch will initially disappoint investors, but the stock is expected to rise significantly after the company's third-quarter earnings report due to anticipated AI features. Apple shares fell 2.72% recently, and ETFs holding Apple also declined.

Portfolio Pulse from Michael Juliano

September 03, 2024 | 8:37 pm