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MATV

Mativ shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:20 pm

RDW

Redwire shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:19 pm

CRNC

Cerence shares are trading higher after the company reported better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:12 pm

OGI

Organigram Holdings Inc. (NASDAQ:OGI) announced promising preliminary results from a clinical study on their new nanoemulsion technology, branded FAST. The study showed faster onset of effects and improved bioavailability for cannabis edibles. Organigram plans to commercialize FAST in fall 2024, starting with gummies.

Portfolio Pulse from Rolando García

August 08, 2024 | 4:10 pm

BMBL

Bumble Inc (NASDAQ:BMBL) shares plummeted by 32.01% following mixed Q2 results and a significant downgrade in its 2024 outlook. Analysts from JPMorgan, Piper Sandler, and RBC Capital Markets have downgraded their ratings and slashed price targets, citing a strategic reset and misexecution in user growth and monetization efforts.

Portfolio Pulse from Adam Eckert

August 08, 2024 | 4:08 pm

BMBL

CDLX

GVP

LLY

OM

VSAT

XPEL

U.S. stocks surged with the Dow Jones gaining over 500 points. Eli Lilly reported strong Q2 earnings and raised its full-year guidance. XPEL, Viasat, and GSE Systems saw significant stock price increases due to positive earnings and acquisition news, while Cardlytics, Outset Medical, and Bumble experienced sharp declines following disappointing earnings.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 4:06 pm

GDRX

GoodRx Holdings Inc. (NASDAQ:GDRX) reported Q2 revenue of $200.61 million, up 6% YoY, with prescription transactions revenue increasing by 7%. However, subscription revenue decreased by 8% due to the end of the Kroger Savings Club partnership. Adjusted EPS was 8 cents, missing the consensus of 9 cents. The company expects FY 2024 revenue at the lower end of $800M-$810M and Q3 revenue between $193M-$197M, below the consensus of $202.4M. GDRX stock is down 21.1% at $6.79.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 4:04 pm

LMT

Deep-pocketed investors have adopted a bearish approach towards Lockheed Martin (NYSE:LMT), as revealed by Benzinga's options scanner. The scanner highlighted 9 extraordinary options activities, with 33% bullish and 44% bearish sentiment. Significant trades include puts totaling $127,290 and calls amounting to $553,750. Analysts have mixed ratings, with price targets ranging from $500 to $600.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:01 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has received a mix of bullish and somewhat bullish ratings from 15 analysts over the past quarter. Analysts have raised their 12-month price targets, with an average target of $106.93, reflecting a 15.23% increase from the previous average. Despite positive revenue growth, the company faces challenges with profitability, return on equity, and debt management.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:01 pm

ACMR

ACM Research (NASDAQ:ACMR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.07%. A $100 investment in ACMR 5 years ago would be worth $327.64 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 4:00 pm