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AMZN

Amazon India plans to launch a quick commerce service in 2025, aiming to deliver products in under an hour. This move is part of a strategy to compete with local rivals like Flipkart, Zomato's Blinkit, and BigBasket's BB Now. The initiative is led by Nishant Sardana and may involve a potential stake in Swiggy's Instamart.

Portfolio Pulse from Nivedita Hazra

August 28, 2024 | 10:32 am

AULT

Ault Alliance is rebranding to Hyperscale Data, Inc., with a new trading symbol 'GPUS' effective September 10, 2024. The common stock and Series D Preferred Shares will remain on the NYSE American.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:31 am

BZUN

Baozun reported a Q2 adjusted EPADS of $(0.01), missing the estimate of $0.06. However, sales were $329.01M, beating the estimate of $325.04M.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:31 am

LI

Li Auto Inc reported a mixed fiscal Q2 2024 with a slight revenue miss but an EPS beat. Vehicle deliveries grew by 25.5% year-over-year, but margins declined. The company expects strong Q3 revenue and delivery growth. Despite positive developments, Li Auto's stock has faced challenges, dropping 47% over the past year.

Portfolio Pulse from Anusuya Lahiri

August 28, 2024 | 10:18 am

SNOA

Sonoma Pharmaceuticals has announced a 1-for-20 reverse stock split, effective on August 29, 2024, at 5:00 PM EDT. This corporate action is likely to impact the stock's liquidity and price per share.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:14 am

AMZN

MSFT

Amazon has become the most popular stock among hedge funds in Q2, surpassing Microsoft. Amazon's strategic advancements in AI and its low trading multiple are key factors in its popularity.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 10:07 am

QH

Quhuo (NASDAQ:QH) reported a significant increase in losses for H1, with EPS at $(0.09) compared to $(0.01) last year, and a 7.32% decrease in sales to $221.91 million.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:05 am

DCI

Donaldson Company reported Q4 2024 earnings per share of $0.94, surpassing the analyst estimate of $0.89. However, their sales of $935.4 million fell short of the expected $942.845 million. Despite this, sales increased by 6.36% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 10:01 am

NVD

NVDL

NVDX

SMH

SOXL

SOXS

ETFs tracking Nvidia show mixed pre-market reactions ahead of Nvidia's earnings report. Analysts express confidence in Nvidia's performance, with potential significant market impact anticipated.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 9:47 am

AMBA

BOX

JWN

PVH

Nordstrom shares surged 7.8% in pre-market trading after reporting better-than-expected Q2 earnings of 96 cents per share, surpassing the analyst estimate of 71 cents. Other stocks like JBDI Holdings and SaverOne also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

August 28, 2024 | 9:13 am