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INTC

Intel's latest earnings report shows a significant decline, with an EPS of 2 cents and revenue of $12.83 billion. The company faces operational missteps and muted demand, leading to a lowered price target from JPMorgan. Intel's stock is experiencing strong selling pressure and a bearish trend.

Portfolio Pulse from Surbhi Jain

August 02, 2024 | 3:22 pm

MGA

Magna International (NYSE:MGA) shares fell after the company reported Q2 earnings that missed expectations and revised its FY24 sales outlook downward. The company cited lower vehicle assembly volumes and currency impacts as reasons for the miss. Despite the lower sales forecast, Magna expects margin expansion and strong free cash flow growth.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 3:21 pm

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A recent report by Pablo Zuanic of Zuanic & Associates analyzes the debt maturities of over 20 multi-state operators (MSOs) in the U.S. cannabis industry. Ascend Wellness Holdings (OTC:AAWH) refinanced $200 million in debt, issuing $235 million in 5-year Senior Secured Notes at a 12.75% coupon rate. Other MSOs with significant debt include Schwazze (OTC:SHWZ), The Cannabist (OTC:CCHW), 4Front Ventures (OTC:FFNTF), Gold Flora (OTC:GRAMF), and Jushi Holdings (OTC:JUSHF). The report also highlights high income tax debt and leverage ratios for several companies, including StateHouse (OTC:STHZ) and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

August 02, 2024 | 3:17 pm

SNDL

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

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:16 pm

GDYN

Grid Dynamics Holdings shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:15 pm

PG

Procter & Gamble (NYSE: PG) has seen unusual options activity with a noticeable bearish stance from large investors. Out of 17 trades, 41% were bearish and 35% bullish. The trades indicate a targeted price range of $145.0 to $170.0. Current trading volume is 3,211,581 with the stock price at $166.41. Analysts have mixed ratings with an average target price of $173.6.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 3:15 pm

ZIMV

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

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:15 pm

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MercadoLibre, Inc. (NASDAQ:MELI) reported strong quarterly financial results, leading to a 9.6% increase in its stock price. Other companies such as Fitell Corporation (NASDAQ:FTEL), Tandem Diabetes Care, Inc. (NASDAQ:TNDM), and Integral Ad Science Holding Corp. (NASDAQ:IAS) also saw significant gains following better-than-expected earnings and guidance.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 3:10 pm

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INTC

Shares of semiconductor stocks are trading lower in sympathy with Intel, which reported worse-than-expected Q2 financial results and issued soft guidance.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:10 pm

FDP

Fresh Del Monte Produce shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 3:08 pm