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WOLF

Wolfspeed, Inc. reported worse-than-expected Q4 and FY24 financial results, with losses and revenue missing analyst estimates. Despite this, the stock climbed 6.22% after-hours. The company is focusing on optimizing its capital structure and improving performance at its Mohawk Valley fab.

Portfolio Pulse from Erica Kollmann

August 21, 2024 | 9:15 pm

SCHW

TD

TD Bank has sold 40.50 million shares of Charles Schwab, reducing its ownership from 12.3% to 10.1%. TD has agreed not to sell more shares for 45 days, with some exceptions, and has no current plans to divest further.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 9:14 pm

SPY

Foreign banks gained early access to U.S. labor data due to a delay by the Bureau of Labor Statistics (BLS), raising concerns about data integrity. The SPDR S&P 500 ETF Trust (SPY) saw gains following the eventual release, driven by optimism over potential Federal Reserve rate cuts.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 9:13 pm

GOVX

GeoVax Labs Inc (NASDAQ:GOVX) shares surged 47% on Wednesday following news of a confirmed mpox case in Michigan's Wayne County. The company, which develops vaccines, has previously published data suggesting its vaccines help prevent mpox. The stock remains volatile in after-hours trading.

Portfolio Pulse from Adam Eckert

August 21, 2024 | 9:05 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 10 years with an average annual return of 13.8%, resulting in a $1000 investment growing to $3,651.31. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 9:00 pm

A

Agilent Technologies (NYSE:A) has outperformed the market over the past 20 years with an average annual return of 9.92%, surpassing the market by 1.46% annually. A $1000 investment in Agilent 20 years ago would now be worth $6,469.04.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 9:00 pm

URBN

Urban Outfitters, Inc. (NASDAQ:URBN) reported strong Q2 results with EPS of $1.24, beating estimates by 22.77%, and record sales of $1.35 billion. Retail, Nuuly, and Wholesale segments showed growth, with notable increases in Free People and Anthropologie sales. Despite positive results, URBN shares fell 4.27% after-hours.

Portfolio Pulse from Erica Kollmann

August 21, 2024 | 8:58 pm

BPTH

Bio-Path Holdings (NASDAQ:BPTH) shares closed slightly higher after an update on their clinical trials, but fell 6.7% in after-hours trading. The company reported positive results from its Phase 1/1b trial and beat analyst expectations in its recent financial results.

Portfolio Pulse from Erica Kollmann

August 21, 2024 | 8:49 pm

AMZN

Jeff Bezos is not planning to buy the Boston Celtics, despite rumors. However, he may be interested in purchasing an NFL team, such as the Seattle Seahawks. Bezos has been selling Amazon shares, possibly to fund such a purchase. His potential ownership of an NFL team could raise questions about conflicts of interest due to Amazon's media rights deals with the NFL and NBA.

Portfolio Pulse from Chris Katje

August 21, 2024 | 8:45 pm

TGT

TJX

The market summary highlights that RFK is expected to back out this week, and the Fed minutes reveal a majority support for easing policy if data aligns. Retail stocks, particularly Target and TJX, have gained following their earnings reports.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 8:42 pm