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SPT

Sprout Social shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:45 pm

COIN

Coinbase Global Inc (NASDAQ: COIN) shares dropped in early trading on Friday following mixed analyst reviews. Piper Sandler, JPMorgan, and JMP Securities provided varied ratings and price targets, highlighting challenges such as margin contraction and lower-than-expected earnings, but also noting strong revenue performance and positive adjusted EBITDA.

Portfolio Pulse from Priya Nigam

August 02, 2024 | 4:44 pm

FYBR

Frontier Communications Parent shares are trading lower after the company reported mixed Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:44 pm

DKNG

DraftKings Inc (NASDAQ: DKNG) reported a Q2 earnings miss, leading to a significant drop in its stock price. Despite the miss, several analysts maintained their Buy ratings but adjusted their price targets. The company raised its revenue guidance but lowered its EBITDA guidance, citing higher promotion costs and customer-friendly outcomes. A proposed surcharge on winnings in high-tax jurisdictions is seen as a potential risk to market share.

Portfolio Pulse from Priya Nigam

August 02, 2024 | 4:43 pm

BTCUSD

Weaker-than-expected U.S. payroll data has increased the likelihood of a significant Federal Reserve rate cut by September, potentially impacting various asset classes, including cryptocurrencies. Experts are divided on the implications, with some suggesting a rate cut could boost Bitcoin, while others caution that more data is needed to predict the Fed's actions.

Portfolio Pulse from Murtuza Merchant

August 02, 2024 | 4:42 pm

INTC

Intel Corporation (NASDAQ: INTC) shares are plummeting after the company reported worse-than-expected Q2 results, including a 0.9% decrease in sales and earnings of 2 cents per share. The company also suspended its quarterly dividend and announced a $10 billion cost-reduction plan, which includes a headcount reduction of over 15%. Analysts have downgraded the stock and lowered price targets. Intel's stock has lost 39.74% year-to-date and is currently oversold with an RSI of 18.35.

Portfolio Pulse from Erica Kollmann

August 02, 2024 | 4:42 pm

FLYW

Flywire shares are trading higher following a report suggesting the company is exploring a potential sale.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:39 pm

RARE

Ultragenyx Pharmaceuticals shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, Cantor Fitzgerald and Wedbush raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:36 pm

DJT

Trump Media & Technology Group shares are trading higher following the announcement of the phased rollout of its Truth+ streaming platform.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:36 pm

MULN

Mullen Automotive (NASDAQ:MULN) shares are trading lower on Friday after the company introduced a new lease program for its Mullen ONE EV cargo van. The BizEV program targets well-qualified individuals, small businesses, and fleets, offering a 3-year lease option starting at $475 per month. Despite the new program, MULN shares are down 5.94% to $0.95.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 4:36 pm