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LIPO

Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) has started dosing patients in its Phase 2a clinical trial for LP-310, a treatment for Oral Lichen Planus (OLP). The trial involves adult subjects with OLP, a chronic inflammatory condition affecting the mouth. The study is expected to conclude in mid-2025, with top-line data anticipated by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 9:01 am

AAVEUSD

BTCUSD

ETHUSD

Portfolio Pulse from Aniket Verma

August 12, 2024 | 8:58 am

BRK

MSTR

MicroStrategy Inc. (NASDAQ:MSTR) has significantly outperformed Berkshire Hathaway Inc. (NYSE:BRK) since adopting Bitcoin as its primary reserve asset in August 2020. MicroStrategy's stock has soared 839%, while Berkshire Hathaway's stock has grown by 101%. This performance is notable given Berkshire's executives' critical stance on Bitcoin.

Portfolio Pulse from Aniket Verma

August 12, 2024 | 8:40 am

AAPL

BRK

Global market turmoil originating in Japan caused a significant but temporary decline in Japanese stocks, impacting Warren Buffett's $20 billion investment in Japanese trading houses. Despite an initial 30% plunge, the market recovered most losses by the end of the week. Berkshire Hathaway's strategic shift includes selling half of its Apple stake and increasing U.S. Treasury holdings.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 8:24 am

Sea Limited (NYSE:SE) is set to release its Q2 earnings on Aug. 13, 2024. Analysts expect earnings of 18 cents per share, down from 54 cents a year ago, with revenue projected at $3.72 billion, up from $3.2 billion. Recent analyst ratings include downgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 8:05 am

BEKE

DOCS

ITI

MNDY

SLF

U.S. stocks settled higher on Friday despite recording losses earlier in the week. The Dow and Nasdaq fell by 0.6% and 0.18% respectively over the week. Doximity, Inc. (DOCS) shares surged 38.7% after strong Q1 results and positive FY24 revenue guidance. Iteris, Inc. (ITI) shares jumped 63.6% following an acquisition announcement. Investors are awaiting earnings results from Monday.com Ltd. (MNDY), Sun Life Financial Inc. (SLF), and KE Holdings Inc. (BEKE). The CNN Money Fear and Greed index remains in the 'Extreme Fear' zone.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 7:39 am

BEKE

BRT

FTRE

MNDY

SLF

U.S. stock futures are trading mixed this morning. Key stocks to watch include Monday.com, Sun Life Financial, BRT Apartments, Fortrea Holdings, and KE Holdings, all of which are expected to report their quarterly earnings today.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 7:32 am

QQQ

SPY

Veteran investor David Roche predicts a bear market in 2025 due to a sluggish U.S. economy, an AI bubble, and insufficient rate cuts by the Federal Reserve. Despite recent market sell-offs, Roche expects the Fed to proceed with interest rate cuts, impacting profit margins throughout 2025. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) showed gains last week, erasing earlier losses.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 7:28 am

NIU

Niu Technologies reported a 20.8% YoY increase in e-scooter sales for Q2 2024, with 207,552 units sold in China (up 16.2% YoY) and 48,610 units sold internationally (up 45.4% YoY). The company has 3,124 franchised stores in China and 54 distributors covering 52 countries internationally.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:15 am

ARBK

Argo Blockchain plc (NASDAQ: ARBK) has fully repaid its $35 million loan from Galaxy Digital Holdings ahead of schedule, significantly reducing its financial liabilities.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:58 am