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HUBC

Hub Cyber Security shares are trading lower after the company announced that it received a noncompliance notice from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:12 pm

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) is set to report its fiscal fourth-quarter earnings after the market close on Tuesday. Analysts expect earnings of $8.10 per share and revenue of $5.314 billion. Last quarter, the company beat earnings estimates but missed revenue estimates. Super Micro has guided for fourth-quarter revenue between $5.1 billion and $5.5 billion and adjusted earnings between $7.62 and $8.42 per share. Recent analyst ratings include a mix of Neutral, Negative, and Buy, with price targets ranging from $325 to $1,300. The stock is up approximately 112% year-to-date.

Portfolio Pulse from Adam Eckert

August 06, 2024 | 4:11 pm

AQB

AquaBounty Technologies shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:11 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

SPY

Cathie Wood, founder of Ark Invest, commented on the recent spike in the CBOE Volatility Index (VIX) and its implications. She compared the current market conditions to those in 1987 and 2008, attributing the spike to the unwinding of yen carry trades. Wood mentioned that the impact could be limited like in 1987, but broad-based price deflation could be more relevant now. She also suggested that the Fed funds rate should be closer to 1% if the 10-year Treasury note yield was around 2%. The SPDR S&P 500 ETF Trust (SPY) traded up 1.69%.

Portfolio Pulse from Shanthi Rexaline

August 06, 2024 | 4:10 pm

NTES

NetEase Inc (NASDAQ:NTES) shares are trading lower due to global economic concerns and volatility in Chinese stocks. The company's revenue, heavily reliant on online games and services, may be impacted by economic uncertainty and a weakening yuan. Currency fluctuations could also affect profitability.

Portfolio Pulse from Henry Khederian

August 06, 2024 | 4:09 pm

FRPT

Freshpet, Inc. (NASDAQ:FRPT) reported better-than-expected Q2 earnings, with a smaller loss per share and higher sales than anticipated. The company raised its full-year guidance, and analysts have increased their price targets. Freshpet shares rose 5.2% following the news.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 4:08 pm

CPRI

TPR

Traders are circulating unconfirmed analyst comments suggesting that Greenlight Capital has taken a significant new position in Capri Holdings (CPRI). Additionally, there are rumors that Tapestry Inc. (TPR) is willing to pay $57 per share to acquire Capri Holdings.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:06 pm

ELEV

JMIA

LUMN

TDUP

TGTX

YOU

YUM

U.S. stocks traded higher with the Nasdaq Composite gaining over 250 points. Yum! Brands reported better-than-expected earnings, while TG Therapeutics, Clear Secure, and Lumen Technologies saw significant stock price increases. Elevation Oncology, Jumia Technologies, and ThredUp experienced substantial declines.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 4:05 pm

TAP

Molson Coors Beverage Company (NYSE:TAP) reported strong Q2 2024 results, surpassing earnings and sales estimates. The company achieved adjusted EPS of $1.92 and net sales of $3.252 billion. Despite a slight decrease in net sales, the company grew its bottom line by 5.2%. Molson Coors declared a dividend of $0.44 per share and returned $564 million to shareholders. The company reaffirmed its outlook for 2024, expecting low single-digit sales growth and mid-single-digit growth in underlying income before taxes.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 4:05 pm

DIS

Walt Disney Company (NYSE:DIS) shares are trading higher ahead of its anticipated earnings release on Wednesday. Analysts estimate an EPS of $1.20 and revenue of $23.11 billion. Disney's 'Deadpool & Wolverine' has grossed $824 million, making it the second-highest grossing movie of the year. Despite recent declines, Disney's stock is trading at $89.38, below its 50-day moving average. Morgan Stanley has maintained an Overweight rating but lowered the price target to $110.

Portfolio Pulse from Dylan Berman

August 06, 2024 | 4:04 pm