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DDOG

Datadog shares are trading higher after Mizuho upgraded the stock from Neutral to Outperform.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:19 am

RDDT

Reddit shares are trading lower after Loop Capital downgraded the stock from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:18 am

MTCH

Starboard Value has sent a letter to Match Group outlining initiatives aimed at improving growth, profitability, and capital allocation.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:13 am

BABA

Alibaba's AI-powered energy-management tool, Energy Expert, will be used in the Paris Olympics to minimize electricity consumption and achieve carbon neutrality. The tool will be operational at all 35 venues and aims to halve event-related carbon emissions.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 11:12 am

MAIN

Main Street Capital Corporation (MAIN) has released preliminary estimates for Q2 2024, reporting net investment income (NII) of $1.00 to $1.02 per share and distributable net investment income (DNII) of $1.06 to $1.08 per share. The net asset value (NAV) per share is estimated to increase to $29.77 to $29.83, up from $29.54 as of March 31, 2024. The company also estimates a quarterly annualized return on equity of 15% to 17% for Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 11:09 am

BIDU

TSLA

Baidu-backed Jiyue, in collaboration with Geely, is set to launch the Jiyue 07 electric sedan in September. The new model is larger than Tesla's Model 3 and offers impressive specifications, including a range of up to 880 kilometers. The Jiyue 07 will be available in single-motor and dual-motor configurations and will be manufactured at Geely's plant in Ningbo, Zhejiang province.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 10:59 am

BAC

Bank of America reported its Q2 2024 earnings, with GAAP EPS of $0.83 beating the $0.80 estimate and sales of $25.537 billion surpassing the $25.220 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:53 am

BAC

Bank of America announced plans to increase its quarterly common stock dividend by 8% to $0.26 per share, pending board approval.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:53 am

ANGO

AngioDynamics has forecasted its fiscal year 2025 adjusted EPS to be between $(0.38) and $(0.42), an improvement from the fiscal year 2024 pro forma adjusted EPS of $(0.45), which is better than the consensus estimate of $(0.49).

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:48 am

BAC

Bank Of America shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:46 am