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ITHUF

iAnthus Capital Holdings, Inc. (OTCQB: ITHUF) reported a strong Q2 2024 with a revenue increase of 11.1% YoY and a significant reduction in net loss. The company also improved its working capital deficit and reported a sequential increase in gross profit and adjusted EBITDA. iAnthus remains a going concern and expects to generate positive cash flow from operations in the near future. The stock closed 41.51% higher at $0.015 per share.

Portfolio Pulse from Nina Zdinjak

August 15, 2024 | 1:51 pm

SPY

The Federal Reserve's Musalem has indicated that models suggest interest rates are likely to remain higher than pre-pandemic levels in the future.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:49 pm

NextDecade (NASDAQ:NEXT) reported Q2 EPS of $(0.13), missing the analyst consensus estimate of $(0.05) by 160%. This represents an 84.52% improvement over the $(0.84) per share loss from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:47 pm

LITE

Lumentum Holdings Inc. (NASDAQ:LITE) reported better-than-expected Q4 results, with net revenue of $308.3 million surpassing the consensus of $300.8 million. Despite declines in Cloud & Networking and Industrial Tech segments, the company exceeded guidance midpoints for both revenue and EPS. Lumentum's focus on cloud and AI is expected to drive growth in 2025. The stock jumped 14% following the earnings report, and several analysts raised their price targets.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:46 pm

CING

LLAP

SIGA

SPRC

TSBX

VSME

U.S. stocks surged with the Dow Jones gaining over 500 points, driven by a 1% rise in U.S. retail sales for July. Consumer discretionary shares led the gains, while utilities lagged. Notable stock movements included significant gains for Cingulate Inc., VS MEDIA Holdings Limited, and SciSparc Ltd., and sharp declines for Turnstone Biologics Corp., SIGA Technologies, Inc., and Terran Orbital Corporation.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:46 pm

PSTG

Pure Storage (NYSE:PSTG) has seen an 8.26% increase in its short percent of float, now at 3.67% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still lower than the peer group average of 6.60%.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 1:45 pm

DRTS

Alpha Tau Medical (NASDAQ:DRTS) reported Q2 EPS of $(0.11), beating the analyst consensus estimate of $(0.12) by 8.33%. This represents an 8.33% improvement over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:45 pm

ETHA

EZBC

FETH

GBTC

IBIT

Bitcoin's price could be around $20,000 without the support of ETFs, according to Eric Balchunas, Senior ETF Analyst at Bloomberg. ETFs from BlackRock and Grayscale have played a critical role in stabilizing Bitcoin's price. Grayscale’s Bitcoin Trust led outflows with $56.8658 million, while BlackRock ETF saw inflows of $2.6836 million. Ethereum spot ETFs experienced a net inflow of $10.7736 million.

Portfolio Pulse from Murtuza Merchant

August 15, 2024 | 1:42 pm

OLB

OLB Group (NASDAQ:OLB) reported a significant decline in its Q2 financial performance. The company posted a loss of $(1.49) per share, a 263.41% increase in losses compared to $(0.41) per share in the same period last year. Sales also dropped by 57.80% to $3.52 million from $8.34 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:41 pm

SPY

Fed's Musalem stated that market volatility is a common occurrence and is only a concern for policymakers if it tightens financial conditions.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:39 pm