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AMZN

BABA

MSFT

NVDA

PDD

Alibaba's stock rose on Friday after announcing changes to its Hong Kong listing, allowing mainland investors to trade. Despite a 4% revenue growth in Q1, Alibaba faces challenges from domestic competition and U.S. semiconductor embargoes. The stock has lost 7% over the past year, while competitors like PDD Holdings have gained significantly.

Portfolio Pulse from Anusuya Lahiri

August 23, 2024 | 11:34 am

AEI

CVU

NANX

Insider buying activity has been observed in three penny stocks: Nanophase Technologies, Alset Inc., and CPI Aerostructures. This insider activity may indicate confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 11:25 am

GNS

MODG

RRGB

The article highlights three oversold consumer discretionary stocks with potential for short-term gains: Topgolf Callaway Brands Corp (MODG), Red Robin Gourmet Burgers Inc (RRGB), and Genius Group Ltd (GNS). These stocks have experienced significant price declines and have RSI values indicating they are oversold.

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 11:18 am

GLD

QQQ

SPY

U.S. stocks closed lower due to economic slowdown concerns, with major indexes like the Dow, S&P 500, and Nasdaq declining. Technology stocks led the fall, while financials and real estate gained. Gold hit a new all-time high, and U.S. futures showed positive movement.

Portfolio Pulse from Akanksha Bakshi

August 23, 2024 | 11:03 am

AMZN

Amazon's AI assistant, Amazon Q, has significantly improved efficiency by saving $260 million and 4,500 developer-years of work. The tool has reduced software upgrade times and enhanced security, despite initial setbacks.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 11:03 am

OKYO

Panetta Partners, associated with OKYO's Executive Chairman Gabriele Cerrone, purchased 50,000 OKYO shares at $1.05 each, increasing Cerrone's total holding to 9.72 million shares, or 28.73% of the company's issued share capital.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 11:03 am

BKE

Buckle (NYSE:BKE) reported Q2 earnings per share of $0.78, missing the $0.80 estimate but beating the consensus estimate of $0.76. Sales were $282.39M, surpassing the $272.42M estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:57 am

RRGB

SQNS

WDAY

Workday, Inc. (NASDAQ:WDAY) shares surged 11.9% in pre-market trading after reporting better-than-expected Q2 financial results, with revenue of $2.08 billion and adjusted earnings of $1.75 per share. Several other stocks also showed significant pre-market movements, including Sequans Communications S.A. (NYSE:SQNS) and Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 10:53 am

WDAY

Workday Inc. (NASDAQ:WDAY) shares surged nearly 13% in pre-market trading due to impressive Q2 results and a positive long-term outlook. The company exceeded revenue and earnings estimates, reported strong subscription revenue growth, and projected continued growth in Q3.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 10:46 am

BILL

CAVA

COIN

MSTR

NVDA

QQQ

ROST

SPY

WDAY

US stocks are poised for a strong start as traders anticipate dovish comments from Fed Chair Jerome Powell at Jackson Hole. Nvidia's earnings are expected to reinforce the strength of tech stocks. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed gains in premarket trading. Several companies, including BILL Holdings, CAVA Group, Ross Stores, and Workday, saw significant premarket movements following earnings announcements.

Portfolio Pulse from Shanthi Rexaline

August 23, 2024 | 10:39 am