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NVO

Novo Nordisk (NYSE:NVO) reported second-quarter earnings that missed analyst expectations and announced the withdrawal of its Wegovy FDA heart failure submission. The company plans to resubmit the file in 2025 with additional data. Novo Nordisk also terminated the development of two early-stage assets. Despite a 25% increase in sales, the stock fell 7.73% due to the earnings miss and regulatory setbacks.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 5:55 pm

MSTR

Michael Saylor, executive chairman of MicroStrategy Inc. (NASDAQ:MSTR), has revealed his personal Bitcoin holdings are nearing $1 billion. Despite reporting a second consecutive quarterly loss due to an impairment charge against its Bitcoin holdings, MicroStrategy's stock has surged by almost 1,000% since it began acquiring Bitcoin in 2020.

Portfolio Pulse from Murtuza Merchant

August 07, 2024 | 5:52 pm

TSVT

2seventy Bio shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:51 pm

MHH

Mastech Digital shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:50 pm

CIA

Citizens shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:49 pm

MYO

Myomo shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:47 pm

ROBT

ULTY

UPST

Upstart Holdings, Inc. (NASDAQ: UPST) reported better-than-expected Q2 results, with an EPS loss of $0.17 beating the consensus estimate of a $0.39 loss and revenue of $128 million surpassing the $124.54 million estimate. The company also issued Q3 revenue guidance of $150 million, above the $135.36 million estimate. Analysts have mixed ratings, with some raising price targets and others maintaining cautious stances due to concerns about profitability and short interest. UPST shares surged 50.73% to $35.98. Investors can also gain exposure through ETFs like Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:ULTY) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 5:47 pm

MNTX

Manitex International shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:46 pm

PCAR

PACCAR's short interest has risen by 8.27%, with 13.62 million shares sold short, representing 3.01% of its float. This is lower than the peer group average of 5.74%. It would take traders 6.55 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 5:45 pm

GIFI

Gulf Island Fabrication shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:41 pm