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EIS

ISRA

SPY

USO

An Israeli strike in Lebanon has resulted in the death of a Hamas security official, according to AFP.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:50 pm

CAT

Deep-pocketed investors are showing significant interest in Caterpillar (NYSE:CAT) options, with a mix of bullish and bearish sentiments. The options activity suggests a focus on a price range between $270 and $370. Analysts have mixed ratings on CAT, with target prices ranging from $285 to $399.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 3:46 pm

SPRY

ARS Pharmaceuticals shares are trading higher following the FDA's approval of neffy nasal spray for the emergency treatment of anaphylaxis and allergic reactions (Type I).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:45 pm

THRD

Third Harmonic shares are trading higher following strong Q2 financial results and an upgrade from Morgan Stanley, which raised its price target from $12 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:45 pm

BTCUSD

ETHUSD

SOLUSD

Industry researcher Michael Nadeau presents a bullish case for Bitcoin and other cryptocurrencies, citing market corrections, funding rate resets, and macroeconomic factors like anticipated Federal Reserve rate cuts. The market sentiment mirrors late 2020, suggesting a potential rally.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 3:41 pm

PLUG

Plug Power Inc (NASDAQ:PLUG) reported a revenue miss for Q2, leading to a drop in its stock price. Analysts from HC Wainwright and Truist Securities provided mixed ratings and insights on the company's performance and future outlook, focusing on electrolyzer deployments and cost structure improvements.

Portfolio Pulse from Priya Nigam

August 09, 2024 | 3:40 pm

NKLA

Nikola Corporation has announced that its existing financial resources are only sufficient to cover forecasted operating costs and meet obligations until Q4 2024. The company has expressed substantial doubt about its ability to continue as a going concern beyond this period, citing potential delays, scale-backs, or abandonment of operations if additional capital is not secured.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:36 pm

INTC

Intel Corp (NASDAQ: INTC) shares are down 4.1% to $19.65 following disappointing Q2 earnings and a major restructuring plan. The company reported earnings of 2 cents per share, missing the 10-cent estimate and marking an 84.62% decline from the previous year. Intel announced a $10 billion cost-reduction plan, including a 15% workforce reduction and suspension of its dividend by Q4 2024. Analysts have mixed reactions, with BofA Securities downgrading Intel to Underperform and lowering its price target to $23.

Portfolio Pulse from Henry Khederian

August 09, 2024 | 3:35 pm

GOEV

Canoo, Inc. (NASDAQ:GOEV) is trending as it prepares to report its 2024 fiscal year second quarter earnings. Analysts estimate a loss of 77 cents per share and revenue of $913 thousand. The stock is trading at around $1.70, near the lower end of its 52-week range, with a 50-day moving average of $2.08 and current trading volume below its average session volume.

Portfolio Pulse from Dylan Berman

August 09, 2024 | 3:33 pm

CSCO

Cisco Systems shares are trading lower following a report indicating the company will lay off thousands of employees.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:31 pm