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FAAS

HPH

KPLT

The article highlights three oversold financial stocks with potential for short-term gains: Highest Performances Holdings Inc (HPH), Katapult Holdings Inc (KPLT), and DigiAsia Corp (FAAS). These stocks have RSI values below 30, indicating they are oversold and may present buying opportunities.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 12:42 pm

CTEX

DQ

Daqo New Energy Corp. (NYSE:DQ) reported disappointing Q2 results, missing EPS and sales estimates due to challenges in the solar industry. Revenue fell significantly, and the company reported a gross loss. Daqo's production volume increased, but the average selling price of polysilicon dropped. The company has adjusted its production forecasts and announced a share repurchase program. DQ shares fell 7.24% premarket. Investors can also gain exposure through ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).

Portfolio Pulse from Lekha Gupta

August 26, 2024 | 12:41 pm

NVO

Novo Nordisk's CEO defends the high U.S. prices of Ozempic and Wegovy, citing their role in reducing obesity-related economic burdens. The company faces criticism over pricing, with upcoming Senate testimony expected. The CEO blames insurance companies and PBMs for high patient costs.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 12:39 pm

IEP

Icahn Enterprises has filed with the SEC to issue and sell depositary units worth up to $400 million. This move could impact the company's stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:38 pm

JD

PDD

JD.com shares are experiencing a decline due to PDD Holdings' disappointing sales results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:37 pm

LUV

Elliott Investment Management is urging Southwest Airlines to prioritize company interests over current leadership. They criticize the management of Executive Chairman Gary Kelly and CEO Bob Jordan, citing underperformance and a significant decline in stock value. Elliott proposes a comprehensive solution involving new independent directors to address these issues.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:36 pm

JD

PDD

JD.com shares are experiencing a decline due to PDD Holdings' disappointing Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:36 pm

DQ

DAQO New Energy shares fell after the company reported disappointing Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:32 pm

ALIT

Alight, Inc. has appointed Dave Guilmette as the new CEO while maintaining its 2024 second half business outlook. Guilmette will also continue as Vice Chair of the Board. Stephan Scholl steps down as CEO but remains as an advisor for six months.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:31 pm

SPY

The USA's durable goods orders excluding defense for July increased by 10.4%, a significant improvement from the revised -7.5% in the previous month. This indicates a strong rebound in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:30 pm