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Stock Prices

GNLN

Greenlane Holdings Inc (NASDAQ:GNLN) shares are trading lower on Tuesday after a significant rally on Monday. The surge was driven by the announcement of a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, which detect dangerous substances like fentanyl and xylazine. Additionally, Greenlane entered into a securities purchase agreement for $6.5 million and highlighted recent stock purchases by its CEO. The stock is also seeing increased attention from retail investors, with a notable short interest.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:18 pm

CXAI

GOOG

CXApp Inc (NASDAQ:CXAI) shares surged after reporting Q2 results and announcing a strategic agreement with Google Cloud. Despite missing revenue and EPS estimates, the company showed strong subscription revenue, gross margin, and net retention rate improvements. The Google Cloud deal aims to enhance CXApp's AI infrastructure and product offerings.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:17 pm

SPR

Spirit AeroSystems (SPR) shares are trading lower premarket after CEO Patrick Shanahan announced a $28.5 million payout following the company's merger with Boeing (BA). The payout includes cash, restricted stock units, and perks. Shanahan is a top candidate for Boeing's CEO position. SPR recently missed Q2 EPS and sales estimates.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 1:17 pm

CORZ

Core Scientific Inc (NASDAQ:CORZ) shares are trading lower after the company announced a proposed $350 million convertible senior notes offering. The notes will mature in 2029 and the proceeds will be used to repay outstanding loans and redeem senior secured notes due 2028.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 1:16 pm

CMG

DJT

INTC

LOT

MADE

NVDA

SBUX

TSLA

WAY

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:15 pm

HRTG

SEZL

As of August 13, 2024, Sezzle Inc (NASDAQ: SEZL) and Heritage Insurance Holdings Inc (NYSE: HRTG) are considered overbought based on their RSI values. Both companies reported strong quarterly earnings, leading to significant stock price increases. Sezzle's RSI is 72.74, and Heritage Insurance's RSI is 78.10, indicating potential short-term price corrections.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:10 pm

ALGT

GNK

KRT

Wall Street's most accurate analysts have provided their ratings on three high-dividend-yielding industrial stocks: Genco Shipping & Trading Limited (GNK), Allegiant Travel Company (ALGT), and Karat Packaging Inc. (KRT). The article highlights recent analyst ratings and relevant news for each company.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:10 pm

MSGS

Madison Square Garden shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:08 pm

NPWR

NET Power shares are trading higher following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:07 pm

CMG

FDIS

SBUX

XLY

Starbucks has appointed Brian Niccol, the CEO and Chairman of Chipotle Mexican Grill, as its new CEO and Chairman, effective September 9. The announcement has led to a significant rise in Starbucks' stock price. Current CEO Laxman Narasimhan is stepping down immediately, with CFO Rachel Ruggeri serving as interim CEO. Niccol's leadership at Chipotle saw substantial growth in revenue, profits, and stock price. Investors can gain exposure to Starbucks through ETFs like SPDR Select Sector Fund – Consumer Discretionary (XLY) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).

Portfolio Pulse from Nabaparna Bhattacharya

August 13, 2024 | 1:06 pm