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BABA

JD

TCEHY

Alibaba, Tencent, and JD.com are set to report earnings amid economic challenges in China. Despite the tough landscape, these companies are focusing on enhancing shareholder returns through strategies like stock buybacks. Alibaba approved a $4.0 billion dividend for fiscal year 2024, while JD.com used $2.14 billion in free cash flow for the first quarter. The slowing Chinese economy is impacting their operations, with Alibaba and JD.com increasing spending on consumer perks to stimulate sales growth. Alibaba's stock has lost over 15% in the last 12 months, and JD.com has lost over 31%.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 1:52 pm

MMAT

Meta Materials shares resumed trading but were again halted on a circuit breaker to the downside, with the stock now down 73.1%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:51 pm

SKIN

The Beauty Health Company (SKIN) shares have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:49 pm

MELI

Recent options activity for MercadoLibre (NASDAQ:MELI) shows a bullish trend among big-money investors, with 62% of trades being bullish. The options trades suggest a price target range of $1180.0 to $1890.0 over the next three months. Analysts maintain high target prices, with an average of $2251.25.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 1:46 pm

LLY

Unusual options activity has been observed for Eli Lilly (NYSE:LLY), with a significant number of bullish trades. Benzinga's options scanner detected 25 uncommon options trades, with 60% being bullish. The trades suggest a targeted price range of $700 to $1000. Analysts have issued ratings with a consensus target price of $999.0.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 1:46 pm

ARM

Deep-pocketed investors are showing significant interest in ARM Holdings (NASDAQ:ARM) with a surge in options activity. The sentiment is mixed, with 41% bullish and 41% bearish. The stock is currently trading at $118.56, and analysts have given it an average target price of $155.6. Notable options activities include both puts and calls, indicating a price range of $105.0 to $270.0.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 1:46 pm

CRWD

DAL

Malcolm Ethridge of CIC Wealth expressed a bullish stance on CrowdStrike Holdings Inc. (NASDAQ:CRWD) despite recent legal issues and operational disruptions caused by a global outage. Ethridge suggests that the current lower stock price presents a buying opportunity. The outage led to significant disruptions, including 7,000 flight cancellations and a $380 million revenue impact for Delta Air Lines, Inc. (NYSE:DAL). Despite these issues, some analysts remain optimistic about CrowdStrike's long-term growth potential.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 1:45 pm

MMAT

Trading halt status was updated at 9:45:00 AM ET, with news and resumption times provided. MMAT may be involved.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:45 pm

SKIN

The Beauty Health Company shares were halted on a circuit breaker due to a significant upward movement, with the stock now up by 6.20%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:43 pm

FIVN

Five9 shares have resumed trading after a temporary halt. Investors are closely watching the stock for any significant movements.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 1:43 pm