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TKO

TKO Group shares are trading higher after the company reported better-than-expected Q2 revenue results and raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:15 pm

UPWK

Upwork shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:15 pm

AMZN

GOOG

GOOGL

MSFT

The UK Competition and Markets Authority (CMA) is investigating Amazon's $4 billion investment in Anthropic for potential anti-competitive behavior. The investigation, which began in April, is examining whether the partnership resembles a merger. Amazon has expressed disappointment, stating that the investment promotes competition. The CMA's Phase 1 decision deadline is set for October 4. This follows similar regulatory scrutiny in the AI sector, including investigations into Microsoft and Alphabet's investments.

Portfolio Pulse from Chris Katje

August 08, 2024 | 2:14 pm

LYFT

Lyft shares are trading higher, reversing after a decline on Wednesday following their Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:14 pm

KTOS

Kratos Defense & Security shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:13 pm

COST

Costco Wholesale shares are trading higher following a 7.1% increase in July net sales.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:13 pm

CACO

Caravelle International Group (NASDAQ:CACO) has entered agreements with two institutional investors to terminate all terms and provisions of the Securities Purchase Agreement dated January 5, 2024. This includes buying back a $1.5 million Senior Secured Original Issue 15% Discount Convertible Promissory Note and cancelling the investors' rights to purchase the company's common shares.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:11 pm

LITP

PLL

Piedmont Lithium Inc. (NASDAQ:PLL) reported Q2 FY24 results that missed expectations, with revenue of $13.23 million against a consensus of $18.15 million. The company also reported an adjusted EPS loss of $0.65, missing the consensus loss of $0.26. Despite increased production and higher realized prices for spodumene concentrate, the stock is trading lower. The company is focusing on its Carolina Lithium project and expects steady production in the second half of the year. Investors can also gain exposure through the Sprott Lithium Miners ETF (NASDAQ:LITP).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 2:09 pm

TTD

The Trade Desk, Inc. (NASDAQ:TTD) is set to release its Q2 earnings on August 8. Analysts expect earnings of 35 cents per share and revenue of $577.8 million. Recent analyst ratings are positive, with price targets ranging from $105 to $120.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 2:08 pm

DDOG

Datadog shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY24 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:06 pm