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NNE

SMR

Nano Nuclear Energy Inc (NASDAQ:NNE) responded to a critical short report by Hunterbrook, defending its timelines and operations. The company emphasized its adherence to regulatory guidance and accused Hunterbrook of having ulterior motives. Despite the report, NNE's stock showed resilience, though it experienced a significant drop initially.

Portfolio Pulse from Hayden Buckfire

July 23, 2024 | 8:36 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) reported Q2 earnings with revenue of $303.46 million, missing estimates. Adjusted earnings were 43 cents per share, also missing expectations. U.S. revenue increased by 32% QoQ, while European revenue remained flat. Gross margin was 47.1%, and the company generated $117.4 million in free cash flow. Enphase ended the quarter with $1.65 billion in cash and marketable securities. The company shipped 120.2 MWh of IQ Batteries in Q2 2024 and expects Q3 revenue between $370 million and $410 million. ENPH shares rose 5.39% after hours.

Portfolio Pulse from Adam Eckert

July 23, 2024 | 8:35 pm

ASR

Southeast Airport Group reported Q2 sales of $429.30 million, missing the estimated $451.34 million.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:34 pm

SPOT

Spotify's Q2 2024 results showed strong margin gains, record free cash flow, and robust subscriber growth, leading JP Morgan analyst Doug Anmuth to maintain an Overweight rating. Despite missing revenue estimates, Spotify's EPS beat expectations, and its guidance for Q3 gross margin and operating income exceeded consensus. Shares closed 12% higher.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 8:34 pm

USNA

Usana Health Sciences shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:33 pm

MANH

Manhattan Associates shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:33 pm

SCHW

Unusual options activity has been observed for Charles Schwab (NYSE:SCHW) with a mix of bullish and bearish trades. Benzinga's options scanner detected 22 uncommon options trades, with a majority being calls. Analysts have mixed ratings on the stock, with target prices ranging from $68 to $90.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 8:31 pm

ALGM

Allegro Microsystems shares are trading lower following the announcement of a primary offering of 25 million shares.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:31 pm

AXP

Financial giants have made a bearish move on American Express (NYSE:AXP) with 10 unusual options trades, all showing bearish tendencies. The stock is currently trading at $246.9, up by 0.88%, with an RSI suggesting it may be approaching overbought. Analysts have mixed ratings with an average price target of $261.6.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 8:31 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q2 revenue of $25.5 billion, beating estimates, but missed EPS expectations with 52 cents per share. Vehicle deliveries and production were down year-over-year. The company highlighted growth in its Tesla Energy segment and Cybertruck deliveries. Tesla anticipates a lower vehicle growth rate in 2024 as it focuses on new products and cost reductions.

Portfolio Pulse from Chris Katje

July 23, 2024 | 8:31 pm