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Bank of America is optimistic about Alibaba Group Holding Limited (NYSE:BABA), expecting a 6% year-over-year revenue increase for the first quarter. The revenue boost is attributed to the overhaul of Alibaba's Taobao platform. Analyst Joyce Ju reiterated an Outperform rating and raised the price target to $106. Despite this, Alibaba's shares and related ETFs saw a decline.

Portfolio Pulse from Michael Juliano

August 14, 2024 | 7:11 pm

WMT

Walmart Inc (NYSE:WMT) is set to report its Q2 earnings, with analysts expecting revenue of $168.57 billion and earnings per share of 64 cents. The company has a strong track record of beating estimates and is seen as a 'safe haven' in weak markets. Analysts are optimistic about Walmart's performance, citing potential for higher customer counts and increased ecommerce and advertising revenue.

Portfolio Pulse from Chris Katje

August 14, 2024 | 7:07 pm

ASXC

Asensus Surgical shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:07 pm

SIEB

Siebert Financial shares are trading higher after the company reported a year-over-year increase in Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:06 pm

BKKT

Bakkt Holdings shares are trading lower after the company reported worse-than-expected Q2 EPS results and cut its FY24 crypto revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:05 pm

IBTA

Ibotta, Inc. (NYSE:IBTA) reported a year-over-year decrease in Q2 adjusted EPS and issued Q3 revenue guidance below estimates. Despite beating Q2 sales estimates, shares dipped 24.6%. Multiple analysts lowered their price targets while maintaining their ratings.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 7:05 pm

GOOG

TMUS

Alphabet Inc. (NASDAQ:GOOG) shares are trading lower due to reports that the U.S. Department of Justice (DOJ) is considering breaking up Google to address its monopolistic practices in the search engine market. Meanwhile, T-Mobile is leveraging the launch of Google's Pixel 9 series with exclusive offers to attract customers.

Portfolio Pulse from Vaishali Prayag

August 14, 2024 | 7:03 pm

ARBUSD

Arbitrum (CRYPTO: ARB) has experienced a 3.06% price decrease in the past 24 hours, contrasting with its 18.0% gain over the past week. Trading volume has decreased by 14.0%, and the circulating supply has slightly increased. The current market cap is $1.89 billion, ranking it #47.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:03 pm

GNLN

Greenlane Holdings shares experienced a volatile trading session, being resumed and halted again, with the stock now up by 93.11%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:03 pm

FILUSD

Filecoin (CRYPTO: FIL) has fallen 3.19% in the past 24 hours to $3.59, despite an 8.0% gain over the past week. Trading volume decreased by 22.0% over the week, while circulating supply increased by 0.08%. Filecoin's market cap is $2.07 billion, ranking it #41.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:02 pm