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Stock Prices

TAL

TAL Education Group's stock fell by 5.30% due to China's central bank maintaining its loan prime rates, indicating a conservative monetary policy. This decision suggests limited economic stimulus, affecting companies like TAL that rely on economic growth for consumer spending on education services.

Portfolio Pulse from Henry Khederian

August 20, 2024 | 10:47 pm

AMAT

Applied Materials (AMAT) shares fell 2.27% despite strong Q3 results and positive economic indicators. The company reported $6.78 billion in revenue and $2.12 EPS, exceeding expectations. Cooling inflation may lead to lower interest rates, benefiting capital-intensive industries like semiconductor manufacturing.

Portfolio Pulse from Henry Khederian

August 20, 2024 | 10:42 pm

FCOM

GOOG

GOOGL

GOOX

IXP

VOX

XLC

Alphabet's Google faces a revived class action lawsuit regarding Chrome users' data privacy, following a U.S. appeals court ruling. The case, initially dismissed, questions whether users consented to data collection. Alphabet's stock saw a slight gain, while ETFs tracking it mostly declined.

Portfolio Pulse from Michael Juliano

August 20, 2024 | 10:31 pm

DJT

DWAC

Trump Media & Technology Group (NASDAQ:DJT) has seen its stock hit new lows since its public debut in March 2024. The stock, which opened at $70.90, is now trading at $21.42. Marjorie Taylor Greene, who invested in the SPAC Digital World Acquisition (DWAC) before the merger, is facing significant losses on her investment. Despite the downturn, major institutional investors like BlackRock and Vanguard have bought shares recently.

Portfolio Pulse from Chris Katje

August 20, 2024 | 10:08 pm

MDIA

MediaCo has received a non-compliance notification from Nasdaq due to a delayed filing of its quarterly report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:55 pm

COTY

Coty Inc. reported Q4 and FY 2024 results, missing analyst estimates for both earnings and sales. Despite this, the company showed growth in Prestige and Consumer Beauty revenues. Coty provided strong guidance for FY 2025, expecting significant free cash flow and earnings per share growth.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 9:43 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market over the past 20 years, with an annualized return of 15.26%. A $100 investment in FCNCA 20 years ago would be worth $1,713.97 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 9:30 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market over the past 15 years, with an annualized return of 20.93%. A $100 investment in Adobe 15 years ago would be worth $1,721 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 9:30 pm

BBAI

BigBear.ai Holdings Inc (NYSE:BBAI) shares surged 28.57% in after-hours trading following the announcement of a subcontractor role in a $2.4 billion FAA IT contract led by Concept Solutions. This contract will allow BigBear.ai to provide IT solutions and support for the FAA's strategic goals over the next decade.

Portfolio Pulse from Adam Eckert

August 20, 2024 | 9:15 pm

MCHP

Microchip Technology (NASDAQ:MCHP) shares fell after the company reported a cybersecurity incident affecting its IT systems and business operations. The incident has disrupted server use and impacted manufacturing and order fulfillment. The financial impact is still being assessed.

Portfolio Pulse from Erica Kollmann

August 20, 2024 | 9:10 pm