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RSKD

Riskified shares are trading lower after the company reported Q2 financial results and cut its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:18 pm

IBIT

The top four ETF launches in 2024 are all spot Bitcoin ETFs, with BlackRock's iShares Bitcoin ETF (NASDAQ:IBIT) leading the pack with $20.5 billion in assets under management. Despite Schwab being a major ETF issuer, it has yet to launch a spot Bitcoin ETF. Institutional adoption of Bitcoin ETFs is expected to increase, with Morgan Stanley allowing advisors to pitch Bitcoin ETFs to high-risk clients.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 3:18 pm

IBTA

Ibotta shares are trading lower after the company reported a year-over-year decrease in Q2 adjusted EPS results and issued Q3 revenue guidance below estimates. Multiple firms also lowered their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:18 pm

AIRL

JETS

LUV

Southwest Airlines (NYSE:LUV) faces a boardroom battle as Elliott Investment Management, holding an 11% stake, nominates ten independent candidates for the Board of Directors. Elliott criticizes the current Board for poor performance and lack of accountability. Southwest plans to discuss a collaborative resolution and will provide a comprehensive business plan during its Investor Day in late September. LUV shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 3:16 pm

EWCZ

European Wax Center shares are trading lower after the company reported worse-than-expected Q2 sales results and lowered its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:11 pm

LLY

Eli Lilly & Co. has issued cease-and-desist letters to various healthcare providers, demanding they stop selling copycat versions of its weight-loss drugs, Mounjaro and Zepbound. Despite an improving supply, a shortage of these drugs persists in the U.S.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:09 pm

HUT

Hut 8 Corp. (NASDAQ:HUT) shares are trading higher after the company reported its second-quarter financial results. Despite missing revenue and earnings estimates, the company saw improvements in gross margins and energy costs. Analysts have upgraded the stock and raised price targets, indicating potential upside.

Portfolio Pulse from Erica Kollmann

August 14, 2024 | 3:07 pm

DHC

IRT

NHI

REZ

UMH

WELL

Mortgage applications surged by 16.8% in the week ending Aug. 9, marking the largest one-week jump since January 2023. This increase, despite stable interest rates, led to a significant rise in refinance activity and positively impacted mortgage-linked stocks, including the iShares Residential and Multisector Real Estate ETF (REZ) and its top-performing stocks.

Portfolio Pulse from Piero Cingari

August 14, 2024 | 3:07 pm

EWCZ

European Wax Center has lowered its FY24 revenue guidance from $225M-$232M to $216M-$221M, below the $230.74M estimate. The company also revised its outlook for new center openings, system-wide sales, same-store sales, adjusted net income, and adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:07 pm

EWCZ

European Wax Center has appointed David Berg as CEO, effective August 12, 2024. The company is updating its financial guidance and reevaluating near-term development plans due to macroeconomic pressures.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 3:05 pm