Streetbeat News

Stock Prices

BNO

USO

Oil prices are trading higher due to ongoing Middle East tensions, with recent reports suggesting a potential attack by Iran on Israel.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:11 pm

BEKE

KEY

MNTK

NFE

RVNC

SBUX

U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 150 points. However, several stocks saw significant gains. KE Holdings (NYSE:BEKE) rose 6.9% after reporting better-than-expected Q2 results and increasing its repurchase authorization. Revance Therapeutics (NASDAQ:RVNC) surged 85.4% following a merger agreement with Crown Laboratories. KeyCorp (NYSE:KEY) shares jumped 13% after Scotiabank acquired a 14.9% stake. Other notable gainers included Montauk Renewables (NASDAQ:MNTK), New Fortress Energy (NASDAQ:NFE), and Starbucks (NASDAQ:SBUX).

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 2:09 pm

BLDP

Ballard Power Systems Inc. (NASDAQ:BLDP) reported mixed Q2 FY24 results, with revenue growing 4% Y/Y to $16.0 million but missing the analyst consensus estimate of $18.6 million. EPS loss of $0.11 beat the consensus estimate for a loss of $0.13. The company experienced a 6% Q/Q decline in order backlog and reduced its capital expenditure guidance for FY24. BLDP shares are down 3.11% following the report.

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 2:09 pm

PSIG

PS International Group (PSIG) shares have resumed trading after a temporary halt. The company has not provided specific reasons for the halt, but investors are closely monitoring the situation for any updates.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:08 pm

SXTP

60 Degrees Pharmaceuticals shares are trading higher after the company announced that it granted the University of Kentucky a right of reference to its new drug application for ARAKODA.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:07 pm

AMZN

ETSY

SHOP

W

Shopify Inc (NYSE:SHOP) reported strong Q2 results, with revenue growing 20.7% YoY to $2 billion and net income of $171 million. Despite a challenging macroeconomic environment, Shopify's pricing power and internal payment systems contributed to its success. In contrast, rivals Etsy Inc (NASDAQ:ETSY) and Amazon (NASDAQ:AMZN) reported cautious consumer spending and missed estimates.

Portfolio Pulse from Upwallstreet

August 12, 2024 | 2:07 pm

PAYO

Payoneer Global shares are trading higher after the company announced it began to purchase all of its outstanding public warrants and some common stock at a price of $0.78 per share. Additionally, Citigroup maintained a Buy rating on the stock and raised its price target from $7 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:06 pm

MSFT

PLTR

Microsoft and Palantir Technologies have formed a partnership to integrate Palantir's advanced AI analytics into Microsoft's Azure cloud platform. This collaboration aims to enhance services for U.S. defense and intelligence agencies, potentially boosting Microsoft's stock, which recently rebounded above $400 after a significant drop. The partnership could be crucial for Microsoft's sustained growth and recovery.

Portfolio Pulse from Zaheer Anwari

August 12, 2024 | 2:05 pm

SXTP

60 Degrees Pharmaceuticals (SXTP) shares have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:04 pm

PSIG

PS International Group shares have been halted to the upside after a significant surge, with the stock now up 132.67%.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:03 pm