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SPY

The USA Durable Goods Orders for July increased by 9.9%, significantly surpassing the estimated 4.0% and recovering from a revised -6.9% in the prior month. This indicates a strong rebound in manufacturing demand.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:30 pm

SPY

The USA Core Durable Goods Orders for July decreased by 0.2%, missing the estimated 0.0% and down from the previous 0.1%. This indicates a potential slowdown in economic activity.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:30 pm

JWN

Nordstrom, Inc. (NYSE:JWN) is set to release its Q2 earnings report, with analysts expecting a decrease in earnings per share compared to last year. The company has declared a quarterly dividend of 19 cents per share, offering a 3.50% annual yield. Investors can earn $500 monthly from dividends with a significant investment. Nordstrom's stock recently gained 2.7%.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 12:28 pm

ANGO

DQ

ELF

GH

PDD

SM

WLKP

YRD

PDD Holdings reported a revenue miss for Q2 2024, causing its shares to drop 15.2% in pre-market trading. Other stocks like SM Energy, Westlake Chemical Partners, AngioDynamics, Daqo New Energy, Yiren Digital, elf Beauty, and Guardant Health also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 12:25 pm

BABA

BIDU

NVDA

Chinese AI developers are bypassing U.S. semiconductor sanctions by using Nvidia chips through overseas data centers. Alibaba, Tencent, and Baidu are increasing investments in AI infrastructure. Nvidia's stock has surged due to AI demand, while Alibaba's stock has declined due to economic challenges and sanctions.

Portfolio Pulse from Anusuya Lahiri

August 26, 2024 | 12:17 pm

SHIBUSD

Shiba Inu (SHIB) has surged 14% over the past week due to community developments and positive trader outlooks. The cryptocurrency plans to launch a decentralized autonomous organization (DAO) to empower holders with voting rights, enhancing its governance structure. Increased transactions and bullish sentiment suggest potential further gains.

Portfolio Pulse from Khyathi Dalal

August 26, 2024 | 12:17 pm

SMLR

Semler Scientific has purchased an additional 83 Bitcoins for $5 million, increasing its total Bitcoin holdings to 1,012, acquired for $68 million. The company views growing institutional adoption as a positive driver for Bitcoin value and stockholder returns.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:15 pm

SCPX

Scorpius Holdings, Inc (NYSE American: SCPX) has expanded its biologic manufacturing capabilities, resulting in a threefold revenue increase for the first half of 2024. The company raised $14.4 million to support growth and transition key clients to full-scale manufacturing.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:14 pm

TSLA

Tesla has extended its zero-percent financing option for Chinese buyers of Model Y and Model 3 until the end of Q3. Analyst Gordon Johnson warns this could negatively impact Tesla's Q3 margins, suggesting potential demand issues in China.

Portfolio Pulse from Shanthi Rexaline

August 26, 2024 | 12:10 pm

MRM

PDD

PWM

MEDIROM MOTHER Labs partners with NFES Technologies, boosting MRM shares by 206%. PDD Holdings reports a Q2 revenue miss, causing a 17% drop in shares. Prestige Wealth announces acquisition of SPW Global, leading to a 144% increase in PWM shares.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:09 pm