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BILI

Bilibili reported better-than-expected Q2 results with an adjusted EPS of $(0.09), beating the estimate of $(0.11). Sales also surpassed expectations, reaching $843.10 million compared to the $837.17 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:02 am

MSDTX

MSTR

MicroStrategy's innovative Bitcoin strategy, involving the use of corporate finance tools to accumulate Bitcoin, has significantly increased its market cap. This approach is gaining interest from other companies and even sports clubs, though it remains a radical step for many. The strategy's success has led to the launch of MSTX, a single-stock leveraged ETF for MicroStrategy.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 9:54 am

NVDA

Nvidia's stock is expected to surge to $340 in the medium term, driven by significant investments in AI data centers. However, the stock is volatile, with potential 35-80% pullbacks. Nvidia's near-monopoly in AI accelerators positions it well, but the AI bubble may burst in 3-5 years. Upcoming earnings are a key test.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 9:20 am

NTES

NetEase reported its Q2 financial results, with adjusted EPADS of $1.66 beating the estimate of $1.65, but sales of $3.51 billion missing the expected $3.70 billion.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:04 am

F

GM

KARS

TSLA

Gene Munster from Deepwater Asset Management predicts a slowdown in the EV industry, with growth rates dropping from 50% in 2023 to 5% in 2024. Ford and Tesla are pulling back on their EV investments, signaling an 'EV winter.' Despite challenges, Munster remains optimistic about long-term EV adoption.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 8:39 am

EWU

The S&P Global/CIPS U.K. Services Purchasing Managers Index (PMI) for August came in at 53.3, surpassing the estimated 52.8 and the previous month's 52.5. This indicates an expansion in the U.K. services sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:38 am

EWU

The S&P Global/CIPS U.K. Manufacturing Purchasing Managers Index (PMI) for August came in at 52.5, slightly above the estimated 52.1 and the previous month's 52.1. This indicates a modest improvement in the U.K. manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 am

EWU

The S&P Global/CIPS U.K. Composite Purchasing Managers' Index (PMI) for August came in at 53.4, surpassing both the estimated 52.9 and the previous month's 52.8. This indicates a stronger-than-expected expansion in the U.K. economy.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 am

DAO

Youdao (NYSE:DAO) reported a Q2 EPS of $(0.11), beating the estimate of $(0.26), but sales of $181.88M missed the $197.34M estimate. EPS improved by 65.63% from last year, while sales increased by 9.30%.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:34 am

BJ

INTU

M

TGT

WSM

The S&P 500 and Nasdaq surged after the Federal Reserve's minutes indicated a likely rate cut in September. Macy's shares fell 13% due to weak sales, while Target reported strong results and raised its FY24 EPS outlook. Investors await earnings from BJ's Wholesale, Williams-Sonoma, and Intuit.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 8:18 am