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INMD

InMode shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:38 pm

SNOW

Snowflake Inc. (NYSE:SNOW) shares are trading lower, down by 5.68% at $123.05. The company is set to release its quarterly earnings on Aug. 21, 2024, with analysts expecting an EPS of 16 cents and revenue of $849.704 million. Recent options trading shows mixed sentiments, and analysts have provided varied price targets ranging from $165 to $220.

Portfolio Pulse from Vaishali Prayag

August 01, 2024 | 7:37 pm

GOOGL

MAGS

META

MSFT

NFLX

NVDA

QQQ

SOXX

TSLA

Wall Street analyst Ed Yardeni suggests that the recent tech stock selloff may be over, despite disappointing earnings from Alphabet and Microsoft. The Nasdaq 100, tracked by Invesco QQQ Trust, fell 2.7%, while the Roundhill Magnificent Seven ETF declined by 1.9%. The iShares Semiconductor ETF dropped over 7%. Yardeni highlights that some tech stocks, like Nvidia, Meta, and Netflix, still offer attractive valuations.

Portfolio Pulse from Piero Cingari

August 01, 2024 | 7:36 pm

KAI

Kadant shares are trading lower after the company reported Q2 financial results and issued Q3 EPS and revenue guidance with a midpoint below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:27 pm

BAND

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

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:26 pm

META

TASK

The Bear Cave newsletter issued a report on TaskUs, Inc. (NASDAQ:TASK), claiming that many of its services can be automated by AI, leading to a decline in its stock price. The report also highlighted reduced spending by Meta Platforms, Inc. (NASDAQ:META), TaskUs' largest customer, on TaskUs' services. TaskUs is set to report its Q2 results on Aug. 8.

Portfolio Pulse from Erica Kollmann

August 01, 2024 | 7:25 pm

NFLX

Netflix announced the release date for 'Squid Game' Season 2 on Dec. 26, 2024, and secured rights to broadcast two NFL games on Christmas Day. This strategic move aims to boost viewership and engagement during the holiday season.

Portfolio Pulse from Chris Katje

August 01, 2024 | 7:24 pm

CCJ

DNN

UEC

UUU

UUUU

Shares of uranium mining companies are trading lower in possible sympathy with Cameco after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:23 pm

AMD

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading lower on Thursday ahead of its earnings release on August 6. The company announced the SuperCluster for the NVIDIA Omniverse, featuring high-performance NVIDIA-Certified Systems. On Wednesday, SMCI traded higher in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD) after AMD reported strong earnings. SMCI is currently trading 5.71% lower at $661.60.

Portfolio Pulse from Dylan Berman

August 01, 2024 | 7:14 pm

BILL

Wolfe Research has downgraded BILL Holdings from Outperform to Peer Perform, indicating a less favorable outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 7:10 pm