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Stock Prices

PDCO

Patterson Companies Inc. (NASDAQ:PDCO) reported a 2.2% decline in Q1 2025 net sales, missing Wall Street expectations. The shortfall was attributed to a cyberattack on Change Healthcare and timing of corporate expenses. Adjusted EPS also missed consensus, leading to a 9.11% drop in premarket stock price.

Portfolio Pulse from Vandana Singh

August 28, 2024 | 1:28 pm

ANF

PEZ

ULTY

Abercrombie & Fitch Co (NYSE:ANF) reported strong Q2 earnings with sales and EPS beating estimates. Despite positive results, ANF shares fell 10% premarket. The company raised its FY24 sales growth outlook and operating margin forecast. Investors can access ANF via ETFs like ULTI and PEZ.

Portfolio Pulse from Lekha Gupta

August 28, 2024 | 1:23 pm

ANF

Abercrombie & Fitch has issued a correction to its outlook, now expecting Q3 net sales growth in the low double-digits from $1.06 billion in Q3 2023.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:21 pm

ARKB

ETHE

ETHW

FETH

GBTC

Bitcoin spot ETFs saw a significant outflow of $127.05 million, while Ethereum ETFs had a smaller outflow of $3.4452 million. Grayscale's GBTC and ARKB experienced notable outflows, while Fidelity's FETH and Bitwise's ETHW saw inflows. Bitcoin dropped 4% below $60,000, and Ethereum fell 3.5% to $2,520. Despite short-term volatility, there is a bullish outlook due to anticipated Federal Reserve rate cuts.

Portfolio Pulse from Murtuza Merchant

August 28, 2024 | 1:20 pm

REZ

Mortgage rates in the U.S. have hit a 17-month low, with the average rate for 30-year fixed mortgages dropping to 6.44%. Despite this, homebuyers remain cautious, and mortgage applications have only slightly increased. The iShares Residential and Multisector Real Estate ETF (REZ) has benefited from the rate decline, reaching a two-year high with strong investor inflows.

Portfolio Pulse from Piero Cingari

August 28, 2024 | 1:19 pm

AIQ

AVEM

BABA

Alibaba's inclusion in Stock Connect could unlock $3.2 billion, benefiting global markets. Despite recent struggles, Alibaba remains focused on AI ambitions. Investors can access Alibaba through ETFs like AVEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

August 28, 2024 | 1:13 pm

AI

ASTS

CHWY

LOT

LUNR

MADE

NVDA

QQQ

SMCI

WAY

The article lists the top 10 trending stocks on WallStreetBets as of August 28, 2024, according to Swaggy Stocks. The stocks mentioned are NVDA, WAY, ASTS, MADE, CHWY, QQQ, AI, LOT, SMCI, and LUNR.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:13 pm

SMCI

Super Micro Computer shares declined following the announcement of a delay in its Form 10-K filing.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:07 pm

SMCI

Super Micro Computer announced a delay in filing its annual report for the fiscal year ended June 30, 2024, due to the need for additional time to assess internal controls. The company plans to submit a late filing notification on August 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 1:06 pm

NVDA

Ray Wang of Constellation Research believes Big Tech is both a safe haven and a growth driver for investors, especially as Nvidia's earnings approach. Despite centralization in the tech industry, Nvidia's AI investments are pivotal, potentially causing significant market value fluctuations.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 1:05 pm