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ACTV

BLMN

SCAP

Bloomin' Brands, Inc. (NASDAQ: BLMN) reported Q2 earnings that missed analyst expectations, with adjusted EPS of $0.51 versus the expected $0.58. Quarterly sales were $1.12 billion, slightly below the $1.13 billion estimate, and down 2.9% year-over-year. The company also lowered its FY24 adjusted EPS outlook and expects a decline in U.S. comparable restaurant sales. Despite these challenges, the company declared a quarterly dividend and continued its share repurchase program. BLMN shares are down 2.68% premarket. Investors can also gain exposure through LeaderShares Activist Leaders ETF (NYSE: ACTV) and Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE: SCAP).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:30 pm

RCL

Royal Caribbean Cruises shares are trading higher following the announcement of exchange agreements with a limited number of noteholders of its 6% Convertible Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:29 pm

PYPL

PayPal Holdings, Inc. (NASDAQ:PYPL) has announced the availability of Fastlane for U.S. businesses of all sizes. This new feature aims to enhance the guest checkout experience, potentially increasing sales and customer loyalty, especially ahead of the holiday shopping season.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:28 pm

ASML

INTC

NVDA

TSM

Intel Corporation (NASDAQ:INTC) reported disappointing Q2 earnings, missing analyst estimates and providing weak guidance for the second half of the year. The report negatively impacted other chip stocks including NVIDIA (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company (NYSE:TSM), and ASML Holding (NASDAQ:ASML). Intel's revenue dropped 1% YoY to $12.8 billion, with a net loss of $1.61 billion. The company plans drastic actions including a 15% headcount reduction and suspending its dividend to improve its financials.

Portfolio Pulse from Upwallstreet

August 06, 2024 | 1:28 pm

AAPL

GOOGL

MSFT

Google faces significant revenue risks after a federal judge ruled it a monopolist, moving the antitrust lawsuit into a remedy discovery phase. The lawsuit targets Alphabet's search distribution agreements, which could impact up to 25% of Google's search revenue. Potential changes include non-exclusive consumer choice models, default shifts to competitors like Microsoft or OpenAI, or Apple developing its own search engine. Despite the ruling, Google's shares didn't plummet, possibly due to prior de-risking and the likelihood of an appeal.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 1:27 pm

SHIP

Seaenergy Maritime shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:27 pm

SXTP

60 Degrees Pharmaceuticals has announced a 1-for-12 reverse stock split effective August 12, 2024, to comply with Nasdaq's $1.00 minimum bid price requirement. The stock will continue trading under the symbol 'SXTP' with a new CUSIP 83006G203.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:27 pm

CAT

Caterpillar Inc. (NYSE:CAT) reported better-than-expected Q2 2024 results, with adjusted earnings of $5.99 per share and total sales of $16.69 billion. Despite the positive earnings, sales declined 4% year-over-year due to lower sales volume. The company anticipates a cautious 2024 sales outlook, expecting slightly lower sales and revenues compared to 2023. CAT's stock is trading lower by 1.14% premarket.

Portfolio Pulse from Akanksha Bakshi

August 06, 2024 | 1:26 pm

ESEA

ESEA shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm

BTAI

BioXcel Therapeutics shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:26 pm