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OM

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U.S. stocks traded higher with significant gains in the Nasdaq Composite, Dow, and S&P 500. US Foods Holding Corp. reported better-than-expected sales, while XPEL, Viasat, and GSE Systems saw substantial stock price increases. Conversely, Cardlytics, Outset Medical, and Bumble experienced significant declines due to poor financial results.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 6:49 pm

F

Ford Motor Co (NYSE:F) shares are trading higher by 3.79% amid overall market strength following better-than-expected U.S. jobs data. The decline in jobless claims suggests a stronger labor market, reducing recession fears and boosting investor confidence. Stable or slightly higher interest rates are seen as beneficial for Ford, which requires substantial capital investment. Wall Street analysts generally view Ford as an 'Outperform,' though opinions vary.

Portfolio Pulse from Henry Khederian

August 08, 2024 | 6:48 pm

SHIBUSD

Shiba Inu's burn rate surged by nearly 10,000%, burning over 100 million SHIB in two transactions. The community is pushing Binance to burn 1% of SHIB from daily transactions. Despite a decrease in large transaction volume and daily active addresses, long-term prospects remain strong with significant holder concentration. WazirX canceled all transactions to restore credibility after a $235 million exploit.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 6:45 pm

HNST

Honest Co (NYSE:HNST) has seen a significant rise in its short interest, with a 129.45% increase since the last report. The company now has 3.03 million shares sold short, representing 3.74% of its float. This increase in short interest could indicate bearish sentiment among investors, although it is lower than the peer group average of 6.40%.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:45 pm

LCID

Lucid Group Inc (NASDAQ:LCID) shares are trading higher by 7.73% to $3.13 due to a broader tech sector rally driven by better-than-expected jobless claims data. This eased recession fears and boosted investor confidence, particularly benefiting high-growth companies like Lucid.

Portfolio Pulse from Henry Khederian

August 08, 2024 | 6:38 pm

DIS

DKNG

EA

MGM

The University of Colorado Football team, led by Deion Sanders, is attracting significant betting interest for the 2024 NCAA season. BetMGM and DraftKings have seen high betting activity on the team's performance, with odds for the championship and individual player awards being adjusted. The team faces a challenging schedule and is predicted to finish 11th in the Big 12 Conference.

Portfolio Pulse from Chris Katje

August 08, 2024 | 6:36 pm

NUE

Nucor (NYSE:NUE) has outperformed the market over the past 20 years with an average annual return of 10.29%. A $100 investment in NUE 20 years ago would be worth $714.67 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:32 pm

TMUS

T-Mobile US (NASDAQ:TMUS) has outperformed the market over the past 5 years, delivering an average annual return of 20.0%. A $1000 investment in TMUS 5 years ago would be worth $2,509.88 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:32 pm

WBD

Warner Bros. Discovery (NASDAQ:WBD) shares dropped 8.75% following a disappointing Q2 earnings report. The company missed revenue and EPS estimates, with significant declines in its Networks segment and Direct-to-Consumer revenues. Despite adding 3.6 million new global subscribers, the growth was insufficient to offset U.S. market declines. Analysts have adjusted their ratings and price targets, mostly lowering them.

Portfolio Pulse from Vaishali Prayag

August 08, 2024 | 6:32 pm

CELH

Celsius Holdings, Inc. (NASDAQ: CELH) has been downgraded by BofA Securities analyst Jonathan Keypour from Neutral to Underperform, with a price target reduction from $60 to $32. Despite strong Q2 earnings and sales, the analyst cites a weak consumer environment and a slowdown in the energy drink category as reasons for the downgrade. No meaningful recovery is projected until summer 2025.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 6:32 pm