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Stock Prices

SNOW

Snowflake Inc. (NYSE:SNOW) shares are rising due to a broader technology sector rally and softer-than-expected Producer Price Index (PPI) data for July 2024. The PPI report showed a slower rise in producer prices, boosting market expectations for potential Federal Reserve rate cuts, which is favorable for tech stocks. Investors are also positioning ahead of Snowflake's upcoming Q2 earnings report, expected to show EPS of 16 cents and revenue of $849.70 million.

Portfolio Pulse from Vaishali Prayag

August 13, 2024 | 7:30 pm

HYZN

Hyzon Motors shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:30 pm

JSPR

Jasper Therapeutics shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:29 pm

MSFT

NVDA

TECL

TECS

The tech sector is experiencing volatility, presenting opportunities for investors through Direxion's leveraged ETFs. Microsoft (MSFT) and NVIDIA (NVDA) stocks are under scrutiny due to high valuations and potential depreciation risks. Direxion offers two ETFs: TECL for bullish investors and TECS for bearish investors. TECL has surged past its 200-day moving average, while TECS has dropped below its 20-day EMA.

Portfolio Pulse from Joshenomoto@benzinga.com

August 13, 2024 | 7:28 pm

DWSN

Dawson Geophysical shares are trading lower after the company reported a year-over-year decrease in Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:27 pm

FRG

RILY

B. Riley Financial Inc (NASDAQ:RILY) shares continue to fall due to delayed quarterly results and an SEC investigation into risk disclosures. The stock dropped 52% on Monday and another 11.9% on Tuesday. The SEC is also investigating communications between founder Bryant Riley and business partner Brian Kahn. Preliminary results show significant non-cash losses, leading to an expected net loss of $435 million to $475 million for Q2. Short sellers have heavily criticized the company.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 7:23 pm

RILY

B. Riley Financial shares are trading lower after the company delayed its quarterly financial results due to a regulatory investigation into its risk disclosures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:23 pm

LUCY

Innovative Eyewear shares are trading higher after the company reported better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:23 pm

TOYO

TOYO Co. shares have resumed trading after a temporary halt. The resumption of trading could lead to increased volatility in the stock price as investors react to the news.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:22 pm

AFRM

Affirm Holdings, Inc. (NASDAQ: AFRM) shares are trading higher due to overall market strength and softer-than-expected PPI figures. Affirm announced an expanded partnership with Tekmetric to offer 'buy now, pay later' options for auto repair services. The company is set to report its fourth-quarter results on Aug. 28, with analysts expecting losses of 51 cents per share and revenue of $603.661 million. Affirm has beaten consensus estimates for the last five quarters.

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 7:22 pm