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NVDA

NVIDIA's Board of Directors has approved an additional $50 billion in share repurchase authorization, with no expiration date. This move follows $15.4 billion returned to shareholders in the first half of fiscal 2025 through share repurchases and dividends.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:22 pm

BABA

PDD

Alibaba shares are trading lower due to broader market sentiment affecting U.S.-listed Chinese stocks, influenced by PDD Holdings' earnings report. Despite this, Alibaba has potential catalysts like its expected inclusion in the Stock Connect program, which could increase liquidity. The company is also advancing its AI ambitions, although recent earnings showed mixed results.

Portfolio Pulse from Vaishali Prayag

August 28, 2024 | 8:20 pm

NVDA

NVIDIA reported Q2 2025 earnings per share of $0.68, surpassing the analyst estimate of $0.64. The company's sales reached $30.040 billion, exceeding the expected $28.684 billion and marking a 122.40% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:20 pm

APLD

Applied Digital reported a Q4 2024 adjusted EPS of $(0.36), missing the $(0.22) estimate, but sales of $43.699M beat the $37.607M estimate, marking a 98.30% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:20 pm

RDDT

User reports indicate that Reddit is experiencing issues, as noted by DownDetector. This could potentially affect user engagement and ad revenue for the platform.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:19 pm

VSCO

Victoria's Secret reported Q2 2024 earnings per share of $0.40, surpassing the analyst estimate of $0.36. Sales were $1.42 billion, slightly above the $1.41 billion estimate, but down 0.70% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:17 pm

HPQ

HP's board has increased its share repurchase authorization to a total of $10 billion, indicating a strong commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:17 pm

GES

Guess (NYSE:GES) reported Q2 2025 earnings per share of $0.42, missing the consensus estimate of $0.43, but sales of $732.56M beat expectations of $729.962M. EPS decreased by 41.67% from last year, while sales increased by 10.24%.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:17 pm

HPQ

HP reported Q3 2024 earnings per share of $0.83, missing the $0.86 estimate, but sales of $13.52 billion exceeded the $13.38 billion estimate. This reflects a 3.49% decrease in EPS and a 2.45% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 8:16 pm

ADSK

Unusual options activity has been detected for Autodesk (NASDAQ:ADSK), with a significant bearish sentiment among high-rolling investors. This could indicate privileged information influencing these trades. The options activity shows a focus on a price range of $250 to $270, with a majority of trades being bearish. Autodesk's stock is currently trading at $254.62, down by 0.92%, and is approaching overbought territory according to RSI readings. Analysts have mixed ratings, with an average target price of $310.5.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 8:16 pm