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ROST

Ross Stores, Inc. (NASDAQ:ROST) reported better-than-expected Q2 results, with earnings of $1.59 per share and revenue of $5.29 billion, both surpassing analyst estimates. The company raised its fiscal year earnings guidance, leading to a 5.72% increase in its stock price.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 9:06 pm

QUBT

Quantum Computing Inc. has received a non-compliance notice from Nasdaq due to filing deficiencies. The company has until December 16, 2024, to regain compliance by submitting the required Form 10-Qs. Failure to do so may result in delisting from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:02 pm

SBUX

Starbucks (NASDAQ:SBUX) has outperformed the market over the past 20 years with an average annual return of 11.33%, resulting in a $1000 investment growing to $8,646.40. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 9:00 pm

PH

Parker Hannifin (NYSE:PH) has significantly outperformed the market over the past 20 years, achieving an average annual return of 14.94%. A $1000 investment in PH 20 years ago would be worth $16,295.78 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 9:00 pm

IBTA

Ibotta has announced a share repurchase program for up to $100 million of its Class A common stock. This move is likely aimed at boosting shareholder value and confidence.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:56 pm

WDAY

Workday Inc (NASDAQ:WDAY) reported Q2 earnings with revenue of $2.08 billion and adjusted earnings of $1.75 per share, both beating estimates. The company has a strong subscription revenue backlog and announced a $1 billion share repurchase program. Despite positive results, shares fell 6.53% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 22, 2024 | 8:53 pm

MTEX

Mannatech received a notification from Nasdaq about non-compliance with a listing rule. The company's stock will continue trading under the symbol MTEX. Mannatech has until February 15, 2025, to comply by achieving stockholders' equity of at least $10 million.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:53 pm

LCID

TSLA

Lucid Group is launching three affordable electric vehicles, including the Lucid Gravity SUV, to compete with Tesla's Model Y and Model 3. This move aims to close the gap with Tesla in the EV market. Lucid's recent financials and a $1.5 billion financing commitment from the Saudi Investment Fund provide a cushion for these new releases.

Portfolio Pulse from Chris Katje

August 22, 2024 | 8:51 pm

CAVA

Cava Group, Inc. (NYSE:CAVA) reported strong Q2 earnings, beating EPS and sales estimates. The company saw significant growth in same-restaurant sales and opened 18 new locations. Cava raised its fiscal year 2024 guidance, leading to a 5.98% increase in its stock price after-hours.

Portfolio Pulse from Erica Kollmann

August 22, 2024 | 8:44 pm

NKGN

NKGen Biotech has received a non-compliance notification from Nasdaq due to a delay in filing its quarterly report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:42 pm