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Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell on Monday amid a broader selloff in the semiconductor sector, led by Nvidia Corp (NASDAQ:NVDA). The decline follows a disappointing July jobs report, raising recession concerns and fears of delayed Federal Reserve rate cuts. Despite short-term volatility, analysts remain optimistic about Super Micro's long-term AI growth prospects.

Portfolio Pulse from Anusuya Lahiri

August 05, 2024 | 3:31 pm

VST

Vistra (NYSE:VST) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.1%. A $100 investment in VST 5 years ago would now be worth $310.20, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 3:30 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 15 years, producing an average annual return of 13.74%. A $1000 investment in ADP 15 years ago would be worth $6,860.22 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 3:30 pm

MSTR

MicroStrategy (NASDAQ:MSTR) shares are falling as Bitcoin drops below $50,000, driven by market volatility, geopolitical tensions, and other factors. MicroStrategy holds 226,500 bitcoins, making its stock highly susceptible to Bitcoin's price movements. The stock is set for a 1-for-10 reverse split on Aug. 8. Analysts have a positive outlook with an average 12-month price target of $2181.

Portfolio Pulse from Erica Kollmann

August 05, 2024 | 3:23 pm

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Sotera Health (NASDAQ:SHC) reported better-than-expected quarterly results, leading to a 10.2% rise in its stock price. Other notable gainers include Kellanova (NYSE:K), Ispire Technology (NASDAQ:ISPR), New Oriental Education (NYSE:EDU), Sonic Automotive (NYSE:SAH), ZTO Express (NYSE:ZTO), Gaotu Techedu (NASDAQ:GOTU), and Twist Bioscience (NASDAQ:TWST).

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 3:22 pm

ALTM

Arcadium Lithium Plc (NYSE:ALTM) shares are trading lower after the company announced the acquisition of Li-Metal Corp's lithium metal business for $11 million in cash. The acquisition includes intellectual property and physical assets related to lithium metal production, and a consulting agreement with Li-Metal’s co-founder to facilitate technology transfer.

Portfolio Pulse from Adam Eckert

August 05, 2024 | 3:22 pm

ATNM

Actinium Pharmaceuticals (NYSE:ATNM) received a request from the FDA for additional studies on its leukemia treatment, Iomab-B. The FDA found the Phase 3 SIERRA trial inadequate for a Biologics License Application (BLA) due to issues with the trial design, including high crossover rates. Actinium will need to conduct a new head-to-head study and is seeking a strategic partner for Iomab-B in the U.S. ATNM stock fell 74% to $1.59 following the news.

Portfolio Pulse from Vandana Singh

August 05, 2024 | 3:21 pm

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Shares of companies within the consumer discretionary sector are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact consumer spending.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:21 pm

CVX

Chevron Corp (NYSE:CVX) reported disappointing Q2 results due to weaker upstream and downstream performance, despite record Permian production. Analysts have adjusted their ratings and price targets, with RBC Capital Markets, Truist Securities, and Goldman Sachs providing mixed outlooks. Shares of Chevron fell by 3.22% following the report.

Portfolio Pulse from Priya Nigam

August 05, 2024 | 3:19 pm

TENK

TenX Keane Acquisition shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 49.5%.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:16 pm