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Stock Prices

ICPUSD

Internet Computer (ICP) has seen a significant price drop of 7.21% in the past 24 hours, continuing a week-long decline of 23%. Trading volume has increased by 32% over the past week, with a slight increase in circulating supply. The current market cap ranking for ICP is #27 at $3.34 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 7:01 pm

LTCUSD

Litecoin (LTC) has experienced a significant price drop of 5.43% in the past 24 hours, continuing a week-long decline of 20%. Trading volume has increased by 38% over the past week, while the circulating supply has grown by 0.37%. Litecoin's market cap is currently ranked #22 at $4.18 billion.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 7:00 pm

MUSQ

RSVR

WMG

Warner Music Group (WMG) reported fiscal Q3 earnings with EPS of 27 cents and revenue of $1.55 billion, slightly missing estimates. Despite a 2.4% decline in recorded music revenue, music publishing sales and digital revenue saw growth. The MUSQ Global Music Industry ETF (MUSQ) gained 1.4% and is attempting to break above the $23 resistance level.

Portfolio Pulse from Joshenomoto@benzinga.com

August 07, 2024 | 6:52 pm

CFCV

DIVP

FEPI

FTXL

INTC

SMH

Intel Corp (NASDAQ:INTC) is planning to cut 15% of its workforce, or about 15,000 jobs, despite receiving $8.5 billion in grants from the U.S. government under the CHIPS and Science Act. The layoffs are part of a cost-cutting and restructuring plan following a disappointing second-quarter revenue report. Several ETFs, including ClearBridge Focus Value ESG ETF (BATS:CFCV), REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI), First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL), Cullen Enhanced Equity Income ETF (NYSE:DIVP), and VanEck Semiconductor ETF (NASDAQ:SMH), showed mixed reactions to the news.

Portfolio Pulse from Michael Juliano

August 07, 2024 | 6:50 pm

PLTR

The article highlights a surge in options activity for Palantir Technologies (NYSE:PLTR), with a noticeable bearish stance from large investors. Out of 47 trades, 59% were bearish and 34% bullish. The trades include 29 puts totaling $1,802,286 and 18 calls totaling $1,302,484. Analysts have mixed ratings on PLTR, with price targets ranging from $21 to $35.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:49 pm

GE

Financial giants have shown significant interest in GE Aero (NYSE:GE) through unusual options activity. Analysis reveals a balanced sentiment with 37% bullish and 37% bearish trades. The options activity suggests a price range of $165.0 to $250.0. GE Aero's current stock price is $161.91, with a neutral RSI. Analysts have given it an average target price of $198.33, with ratings from RBC Capital, Wells Fargo, and Barclays.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:49 pm

BA

The NTSB Chair criticized Boeing for a mid-air emergency involving the 737 Max 9, stating that the issue should have been detected years ago.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:48 pm

DIS

Disney shares initially surged on better-than-expected Q3 earnings but later plummeted due to concerns over a potential $5 billion additional payment for its Hulu stake. Disney reported a 4% YoY revenue increase to $23.16 billion and adjusted EPS of $1.39, surpassing estimates. The streaming business turned profitable, but concerns over Hulu costs impacted investor sentiment.

Portfolio Pulse from Vaishali Prayag

August 07, 2024 | 6:40 pm

NVDA

SMCI

Super Micro Computer, Inc (NASDAQ:SMCI) shows margin weakness despite strong AI demand, leading to a significant drop in stock price. Analysts from Bank of America, Goldman Sachs, KeyBanc, and JPMorgan have adjusted their ratings and price targets, citing concerns over gross margins and competitive pricing.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 6:40 pm

CGC

TLRY

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher ahead of its earnings report on Friday. Analysts expect a loss of 35 cents per share and revenue of $53.84 million. Tilray Brands Inc. (NASDAQ:TLRY) recently beat earnings and revenue expectations, and cannabis stocks are trending higher due to political and regulatory changes in the U.S.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 6:38 pm