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ENLC

OKE

EnLink Midstream shares rose following the announcement that ONEOK will acquire the interest currently owned by Global Infrastructure Partners.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:35 am

FIVE

Five Below shares rose as the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:34 am

INTC

NVDA

Intel is under scrutiny for its job cuts while competing for a $20 billion U.S. chip subsidy. The U.S. Chips Act aims to create jobs and reduce dependency on Asian semiconductor technology. Intel's recent financial struggles and cost-reduction plans, including significant layoffs, contrast with Nvidia's employee retention strategy. Intel's stock has dropped significantly over the past year, while Nvidia's has surged.

Portfolio Pulse from Anusuya Lahiri

August 29, 2024 | 11:33 am

MCFT

MasterCraft Boat Holdings reported a Q4 2024 adjusted EPS of $(0.04), surpassing the estimated $(0.22). The company's sales reached $67.182 million, exceeding the forecasted $63.085 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:32 am

GANX

Gain Therapeutics announced positive topline results from its Phase 1 clinical trial of GT-02287, confirming that single and multiple doses were safe and well-tolerated across age groups.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:32 am

VEEV

Veeva Systems shares rose following the release of Q2 financial results that exceeded expectations. The company also provided Q3 and FY25 adjusted EPS guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:31 am

INDI

OUST

SMCI

The article highlights three oversold tech stocks: indie Semiconductor Inc (INDI), Ouster Inc (OUST), and Super Micro Computer Inc (SMCI), all with RSI values indicating potential undervaluation. INDI and OUST reported worse-than-expected financial results, while SMCI was impacted by a short report from Hindenburg Research.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 11:31 am

GLD

NVDA

SPY

U.S. stocks ended lower as investors awaited Nvidia's quarterly report, with Nvidia shares dipping 2.1%. The Dow, S&P 500, and Nasdaq all closed lower. In Asia, markets were mixed, while European markets advanced. The U.S. dollar gained, and gold hit a new high at $2,555.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 11:20 am

BURL

Burlington Stores shares rose following a strong Q2 earnings report and an improved FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:15 am

PSNY

Polestar reported a significant increase in car deliveries in Q2 2024, with a rise of 82% quarter-over-quarter, totaling 13,150 cars. The company is optimistic about a stronger second half of the year, especially in Q4, driven by sales of two premium SUVs. Polestar's cash and cash equivalents stood at $669 million as of June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:14 am