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Jim Cramer recommends buying Clorox due to the CEO's performance, while expressing mixed opinions on other companies like GlobalFoundries, SentinelOne, Delta Air Lines, Alphabet, and Ferrari. Clorox reported strong earnings, while GlobalFoundries and Delta faced challenges. Ferrari and SentinelOne showed positive movements.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:54 pm

BTCUSD

MARA

Bitcoin mining profitability declined in July compared to June, with Bitcoin's price dropping over 6%. Jefferies lowered its price target for Marathon Digital (NASDAQ:MARA) from $22 to $17, maintaining a hold rating. Marathon Digital's shares dipped by 0.7% following the announcement. U.S.-listed mining companies increased their share of the total network hashrate from 20.7% to 21.1%. However, August could be more challenging due to Bitcoin's additional 5% price decline and increased network hashrate.

Portfolio Pulse from Murtuza Merchant

August 15, 2024 | 12:53 pm

PYCR

Paycor HCM, Inc. (NASDAQ:PYCR) reported better-than-expected Q4 earnings and revenue, leading to a 2.7% increase in its stock price. Despite the positive results, several analysts lowered their price targets for the stock.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:51 pm

SHFS

SHF Holdings, Inc. (NASDAQ:SHFS), operating as Safe Harbor Financial, reported a significant turnaround in Q2 2024 with net income of $0.9 million, up from a net loss of $17.6 million in Q2 2023. Despite a revenue drop to $4 million from $4.6 million, the company achieved a 14.5% increase in adjusted EBITDA to $0.97 million. The improvements were driven by a sharp reduction in operating expenses and strategic shifts towards higher-margin products. SHFS shares rose 2.44% to $0.6249 following the announcement.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 12:49 pm

KSCP

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

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:49 pm

AMAT

IYJ

JEPQ

Applied Materials, Nu Holdings, and other assets were highlighted on CNBC's 'Final Trades'. Applied Materials is set to release its Q3 earnings, with expectations of $2.02 EPS and $6.67 billion in revenue. Nu Holdings reported strong Q2 results with a 65% YoY revenue increase. ETFs JEPQ and IYJ were also mentioned.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:46 pm

CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) shares are trading higher in the premarket session after the company reported better-than-expected fourth-quarter revenue and earnings. Despite a 10% decline in total revenue, Cisco saw a 14% year-over-year growth in product orders and improved gross margins. The company also announced plans to cut around 7% of its global workforce, incurring up to $1 billion in pre-tax charges. Cisco aims to reallocate resources towards cybersecurity, cloud systems, and AI-related products.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 12:45 pm

CNSP

CNS Pharmaceuticals (NASDAQ:CNSP) reported a Q2 EPS of $(6.72), showing an 87.04% improvement from the $(51.86) per share loss in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:45 pm

QQQ

SPY

U.S. retail sales surged by 1% in July, significantly exceeding expectations, while initial jobless claims fell short of forecasts, indicating a stronger labor market. Traders are now leaning towards a 25-basis-point rate cut by the Federal Reserve in September. U.S. index futures rose in premarket trading, with the Nasdaq 100, S&P 500, and Dow Jones futures all showing gains. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both recorded their fifth consecutive session of gains on Wednesday.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 12:44 pm

PAPL

Pineapple Financial has launched a Real-Time Insights Module in its PineappleONE platform, aimed at enhancing broker efficiency. This move is expected to drive increased deal closures, client retention, and market share expansion, positioning the company for revenue growth amid a surge in Canadian mortgage renewals.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:43 pm