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BUD

Anheuser-Busch InBev (NYSE:BUD) reported strong Q2 2024 results with a 2.7% organic revenue growth to $15.333 billion, beating estimates. Despite a slight decline in total volumes, revenue per hl grew by 3.6%. The company's megabrand Corona saw a 5.6% growth outside its domestic market. Gross profit and EBITDA also saw significant increases. The company expects its 2024 EBITDA to grow in line with its medium-term outlook of 4%-8%. BUD shares are trading higher by 2.37%.

Portfolio Pulse from Akanksha Bakshi

August 01, 2024 | 2:42 pm

CVNA

Carvana Co (NYSE:CVNA) shares surged after reporting better-than-expected Q2 financial results, including higher revenue and a positive EPS. The company also provided strong guidance for Q3 and full-year 2024. Needham analyst Chris Pierce raised the price target for Carvana from $160 to $200.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 2:38 pm

TAL

TAL Education shares are trading lower following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:36 pm

MBAVU

Trading halt status for MBAVU was updated at 10:35:00 AM ET. The IPO security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:35 pm

TASK

The Bear Cave Newsletter has issued a report titled 'Problems At TaskUs (TASK)', highlighting various issues at the company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:32 pm

SWI

SolarWinds Corp (NYSE:SWI) reported better-than-expected Q2 2024 results with revenue and EPS beating analyst estimates. Despite this, the stock price fell. The company provided an optimistic outlook for Q3 and fiscal 2024, raising its revenue and EPS guidance.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 2:31 pm

AVAV

AeroVironment's (NYSE:AVAV) short interest has decreased by 7.46%, with 1.02 million shares sold short, representing 4.34% of its float. This is higher than the peer group average of 2.21%. It would take traders 2.88 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:30 pm

SPY

UNG

The latest report on USA natural gas storage shows an 18 billion cubic feet increase, which is below the estimated 31 billion cubic feet and the prior increase of 22 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:30 pm

CWAN

Clearwater Analytics Holdings shares are trading higher after the company reported better-than-expected Q2 sales results and issued Q3 and FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:29 pm

IWM

TLT

UUP

US manufacturing activity decreased for the fourth consecutive month in July, hitting an 8-month low. The ISM Manufacturing PMI Index fell to 46.8%, below expectations. This decline contrasts with the overall economic expansion driven by the services sector. The news impacted various financial instruments, including the U.S. dollar index, Treasuries, and stock market indices.

Portfolio Pulse from Piero Cingari

August 01, 2024 | 2:26 pm