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HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) reported a net loss of $23.5 million for Q2 2024, up from $12.9 million in the prior year. Despite a 13.1% decrease in net revenue to $54.8 million, the company achieved positive Adjusted EBITDA for the fourth time in five quarters. Hydrofarm also completed an asset sale of Innovative Growers Equipment, which is expected to improve future profitability.

Portfolio Pulse from Rolando García

August 08, 2024 | 4:42 pm

SEE

Sealed Air Corporation (NYSE:SEE) reported strong Q2 results, with adjusted EPS of 83 cents beating estimates of 64 cents and revenues of $1.345 billion surpassing the $1.307 billion consensus. Despite a 3% revenue decrease, the company saw a rise in adjusted EBITDA due to lower operating costs and higher volumes. Shares rose by 6.11% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2024 | 4:42 pm

MORT

REM

REZ

RKT

UWMC

XHB

Mortgage rates have fallen to their lowest levels in over a year, driven by expectations of Federal Reserve rate cuts. This has increased homebuyers' purchasing power and boosted refinancing applications. Goldman Sachs has revised its home price appreciation forecasts upwards for 2024 and 2025. Mortgage-linked stocks and ETFs, including REZ, MORT, REM, RKT, UWMC, and XHB, have seen gains as a result.

Portfolio Pulse from Piero Cingari

August 08, 2024 | 4:42 pm

FROG

JFrog Ltd. (NASDAQ:FROG) shares are falling after the company reported worse-than-expected Q2 revenue and issued lower-than-expected guidance for Q3 and the full year. Multiple analysts have downgraded the stock or lowered their price targets.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 4:41 pm

FEMY

Femasys shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:40 pm

TBIO

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

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:36 pm

EXPE

Expedia Group Inc (NASDAQ:EXPE) shares are trading higher by 3.3% to $116.99 as investors anticipate the company's second-quarter results, expected to report EPS of $3.06 on revenue of $3.534 billion. The stock had previously dropped in May after mixed first-quarter results and a downward revision of full-year guidance.

Portfolio Pulse from Henry Khederian

August 08, 2024 | 4:34 pm

XERS

Xeris Biopharma shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:34 pm

ERJ

Embraer S.A. (NYSE:ERJ) shares are trading higher after the company reported strong Q2 earnings for the 2024 fiscal year, with EPS and revenue beating analysts' estimates. The company saw significant growth in defense and security revenue and provided optimistic delivery and revenue projections for the fiscal year.

Portfolio Pulse from Dylan Berman

August 08, 2024 | 4:31 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market over the past 15 years, delivering an average annual return of 18.66%. A $1000 investment in FCNCA 15 years ago would be worth $12,656.45 today. The company's current market capitalization is $28.50 billion.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:30 pm