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F

GM

TSLA

Tesla has significantly reduced EV prices in the U.S., with Colorado offering additional incentives, making Tesla cars extremely affordable. The state provides various tax credits and rebates, allowing a Model Y to cost as low as $15,780 and a Model 3 for $14,780 after incentives. Elon Musk praised Colorado's EV incentives. The EV industry faces challenges with demand tapering, affecting startups and legacy automakers like Ford and GM. Tesla's aggressive pricing impacts its margins, but its scale helps it remain competitive.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 8:33 am

CRM

Salesforce (CRM) shares rose over 4% in after-hours trading following a strong quarterly performance. CEO Marc Benioff highlighted the company's growth and future potential, while Jim Cramer praised the 'real deal acceleration.' Piper Sandler raised its price target but maintained a Neutral rating due to macro uncertainties and a pending CFO departure.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 7:25 am

ONDS

Ondas Holdings has announced a $4 million registered direct offering, selling 5,333,334 units at $0.75 per unit. Each unit includes one share of common stock and two warrants. The offering is with a single institutional investor.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:53 am

GOVX

GeoVax Labs, Inc. is raising $5 million through an at-the-market offering by selling 975,610 shares at $5.125 each.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:49 am

NVDA

AI-based cryptocurrencies fell after Nvidia's Q2 earnings beat expectations but failed to meet investor expectations, causing a 7% drop in Nvidia's after-hours trading. Despite this, AI tokens like FET and RENDER have seen significant year-to-date gains.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 6:41 am

PFTA

Nasdaq has issued a caution to Perception Capital Corp. III due to a delayed 10-Q filing. The company has filed to avoid delisting, indicating efforts to comply with Nasdaq's requirements.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:36 am

BBY

DELL

DG

FL

NVDA

SMCI

The Nasdaq fell over 1% as chip stocks, including Super Micro, declined. Nvidia's stock dropped after-hours despite strong earnings due to margin contraction. Foot Locker shares fell 10% after quarterly results. The Fear & Greed Index remains neutral. Investors await earnings from Best Buy, Dollar General, and Dell.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 6:26 am

DG

Dollar General (NYSE:DG) is set to release its Q2 earnings on Aug. 29, with expected earnings of $1.79 per share, down from $2.13 last year. Revenue is projected at $10.37 billion. Recent analyst ratings show mixed sentiments, with price targets lowered by Wells Fargo and Truist Securities, while Telsey Advisory Group maintains an Outperform rating.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 6:10 am

NEGG

Newegg Commerce reported an increase in average order value to $401 in H1 2024 from $390 YoY, but saw a decline in active customers to 1.1M from 1.3M YoY. The repeat purchase rate also decreased to 23.0% from 27.9% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:32 am

BBY

DELL

DG

HPQ

NVDA

Nvidia reported strong earnings and a $50 billion stock repurchase, but shares fell due to margin contraction. Best Buy, Dollar General, HP, and Dell are also in focus with earnings reports and stock movements.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 4:59 am