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CSCO

Cisco Systems, Inc. (NASDAQ:CSCO) shares are trading higher in the premarket session after the company reported better-than-expected fourth-quarter revenue and earnings. Despite a 10% decline in total revenue, Cisco saw a 14% year-over-year growth in product orders and improved gross margins. The company also announced plans to cut around 7% of its global workforce, incurring up to $1 billion in pre-tax charges. Cisco aims to reallocate resources towards cybersecurity, cloud systems, and AI-related products.

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 12:45 pm

CNSP

CNS Pharmaceuticals (NASDAQ:CNSP) reported a Q2 EPS of $(6.72), showing an 87.04% improvement from the $(51.86) per share loss in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:45 pm

QQQ

SPY

U.S. retail sales surged by 1% in July, significantly exceeding expectations, while initial jobless claims fell short of forecasts, indicating a stronger labor market. Traders are now leaning towards a 25-basis-point rate cut by the Federal Reserve in September. U.S. index futures rose in premarket trading, with the Nasdaq 100, S&P 500, and Dow Jones futures all showing gains. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both recorded their fifth consecutive session of gains on Wednesday.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 12:44 pm

PAPL

Pineapple Financial has launched a Real-Time Insights Module in its PineappleONE platform, aimed at enhancing broker efficiency. This move is expected to drive increased deal closures, client retention, and market share expansion, positioning the company for revenue growth amid a surge in Canadian mortgage renewals.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:43 pm

ORGN

Origin Materials shares are trading higher following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:42 pm

SUP

Superior Industries has announced the refinancing of its senior secured term loan to $520 million and the redemption of €217 million senior notes due 2025. This move reduces the company's total debt from $627 million to $521 million, enhancing financial flexibility for growth strategy execution and long-term shareholder value.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:41 pm

GDHG

Golden Heaven Group shares are trading lower after the company received a Nasdaq Delisting notice.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:41 pm

HRB

H&R Block, Inc. (NYSE:HRB) is set to release its Q4 earnings report on August 15. Analysts expect earnings of $1.74 per share, down from $2.05 per share a year ago, with revenue remaining flat at $1.03 billion. The company offers an annual dividend yield of 2.25%, translating to $1.28 per share annually. Investors would need to hold approximately 4,688 shares to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 12:41 pm

UMAC

Unusual Machines shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:39 pm

DLPN

Dolphin Entertainment shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:38 pm