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KARS

KGRN

NIO

NIO Inc. (NYSE:NIO) shares are trading lower due to a supplier statement about the construction of two new vehicle assembly plants. Miracle Automation Engineering has secured a contract for NIO's F3-1 final assembly mainline conveyor project. NIO's stock has lost over 72% in the past year. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS). NIO delivered 20,498 vehicles in July, marking a slight dip from June.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 1:35 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower after the company posted mixed Q2 results, missing net sales estimates but slightly exceeding AWS revenue expectations. The company issued soft Q3 guidance, leading to several analysts lowering their price targets. The stock is down 9.39% in premarket trading.

Portfolio Pulse from Erica Kollmann

August 02, 2024 | 1:33 pm

YORW

The York Water (NASDAQ:YORW) reported Q2 earnings per share of $0.35, missing the analyst estimate of $0.45 by 22.22%. Sales were $18.75M, slightly below the $19.00M estimate. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:31 pm

FXY

GLD

IWM

KRE

SMH

TLT

USO

UUP

XLK

XLU

Global markets experienced a major downturn due to a weaker-than-expected U.S. jobs report and heightened geopolitical risks. The U.S. economy added fewer jobs than anticipated in July, and the unemployment rate rose, leading to increased market expectations for a significant rate cut by the Federal Reserve in September. Investors are moving to safer assets, causing declines in major equity indices and gains in Treasuries, gold, and the Japanese yen.

Portfolio Pulse from Piero Cingari

August 02, 2024 | 1:30 pm

BIAF

bioAffinity Technologies has entered into warrant exercise agreements for the immediate exercise of 1,041,667 shares, generating $1.3 million in gross proceeds. The company has issued new warrants for 1,302,083 shares at $1.50 per share and reduced the exercise price of existing warrants to $1.25. Additionally, a securities purchase agreement for 360,000 shares and private warrants for 450,000 shares at $1.25 per unit is expected to close on August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:26 pm

CGNX

Cognex Corporation (NASDAQ:CGNX) reported mixed Q2 results, beating earnings estimates but missing on sales. Despite strong performance in Logistics and Semiconductor markets, overall factory automation revenue was weak. Analysts from Needham and Truist Securities lowered their price targets for Cognex. The stock fell 21.2% to $39.08.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 1:24 pm

LGMK

LogicMark, Inc. (NASDAQ:LGMK) has announced the pricing of a $4.5 million public offering consisting of 9.67 million units, each priced at $0.4654. Each unit includes one share of common stock (or pre-funded warrant), one Series A warrant, and one Series B warrant. The proceeds will be used for working capital and general corporate purposes. The offering is expected to close on August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:23 pm

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XLE

XOM

ExxonMobil reported strong Q2 FY24 results with revenues of $93.060 billion and adjusted net profit of $9.24 billion. The company plans a $19 billion share buyback in FY24 and declared a $0.95 per share dividend. Despite positive earnings, XOM shares are trading lower.

Portfolio Pulse from Lekha Gupta

August 02, 2024 | 1:22 pm

CNK

Cinemark Holdings Inc (NYSE:CNK) reported a fiscal Q2 2024 revenue of $734.2 million, beating analyst estimates. EPS of $0.32 also surpassed expectations. Despite a decline in admissions and concession revenue, the company highlighted the success of 'Inside Out 2'. CNK shares are trading higher by 7.80% premarket.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 1:21 pm

BBLG

Bone Biologics shares are trading lower after the company announced an exercise of warrants for $2.1 million gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:19 pm