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AAPL

AI

AMD

AMZN

LOT

MADE

META

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QQQ

WAY

The top 10 trending stocks on WallStreetBets as of August 1, 2024, include NVDA, AAPL, META, AMZN, WAY, MADE, QQQ, AMD, LOT, and AI, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:16 pm

ALGM

Allegro Microsystems shares are trading higher after the company reported strong Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:15 pm

AWR

American States Water Company (NYSE:AWR) has increased its quarterly dividend from $0.43 to $0.4655 per share, representing an 8.3% annualized increase. The dividend has grown at a CAGR of 8.8% over the last five years.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:14 pm

SNGX

Soligenix, Inc. (NASDAQ:SNGX) plans to initiate patient enrollment in the confirmatory FLASH 2 study with HyBryte™ by the end of 2024. The company is also exploring the potential of HyBryte™ in treating other dermatological conditions such as psoriasis, with a Phase 2 study ongoing.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:13 pm

RDDT

Reddit shares are trading higher after Loop Capital upgraded the stock from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:12 pm

LIPO

Lipella Pharmaceuticals shares are trading lower after the company announced a $1.28 million registered direct offering of 2.066 million shares of common stock at $0.62/share.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:11 pm

AER

AerCap Holdings N.V. shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its FY24 adjusted EPS guidance. Additionally, the company announced the delivery of the first three of fifteen new Airbus A321neo aircrafts.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:11 pm

APD

Air Products & Chemicals Inc (NYSE:APD) reported a strong Q3 2024 with adjusted EPS of $3.20, beating expectations. Despite a 2% YoY sales decline, operating profit rose 14.5% and margins expanded. The company provided positive Q4 and 2024 guidance, leading to a 6.88% premarket share price increase.

Portfolio Pulse from Akanksha Bakshi

August 01, 2024 | 1:09 pm

SNDR

Schneider National has revised its 2024 adjusted EPS guidance from $0.85-$1.00 to $0.80-$0.90, which is below the $0.81 estimate. The company also lowered its net capital expenditures forecast from $350.0-$400.0 million to $300.0-$350.0 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:06 pm

AAPL

QQQ

SPY

Apple is set to announce its Q3 2024 results, with analysts expecting a potential inflection in topline growth. Despite a recent soft patch, the company is anticipated to report year-over-year growth in revenue and EPS. Analysts are bullish on Apple's long-term prospects, with price targets raised by Wedbush and Morgan Stanley. Apple's stock has risen over 15.50% year-to-date, comparable to major ETFs like SPY and QQQ.

Portfolio Pulse from Shanthi Rexaline

August 01, 2024 | 1:05 pm