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ARQT

Arcutis Biotherapeutics (NASDAQ:ARQT) reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.42), beating the estimate of $(0.51). Sales also surpassed expectations, reaching $30.86 million compared to the $27.73 million estimate. This marks a significant improvement from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:01 pm

HRB

H&R Block (NYSE:HRB) has outperformed the market over the past 5 years with an average annual return of 15.85%, surpassing the market by 2.48% annually. A $100 investment in HRB 5 years ago would now be worth $205.17. The company currently has a market capitalization of $7.92 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 8:01 pm

ILMN

Illumina (NASDAQ:ILMN) has significantly outperformed the market over the past 20 years, delivering an average annual return of 21.21%. A $1000 investment in ILMN 20 years ago would be worth $46,517.82 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 8:01 pm

UBER

The options market shows a bearish sentiment towards Uber Technologies (NYSE:UBER), with 51% of traders making bearish moves. Despite this, the stock price has increased by 0.99% to $71.77. Analysts have mixed ratings, with target prices ranging from $80 to $98.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 8:00 pm

MRVL

Financial giants have shown a bullish sentiment towards Marvell Tech (NASDAQ:MRVL) through options trading. Analysis reveals 66% of traders are bullish, with a price target range of $60.0 to $75.0. The stock is currently trading at $63.31, down by 1.16%, with the next earnings report due in 15 days.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 8:00 pm

ETN

Financial giants have shown a bullish trend in options trading for Eaton Corp (NYSE:ETN), with 50% of traders being bullish. The options trades include 4 puts valued at $135,620 and 4 calls valued at $262,355. Analysts have set a consensus target price of $335.0 for Eaton Corp, with ratings ranging from Equal-Weight to Outperform.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 8:00 pm

SPY

Fed's Goolsbee suggests that rising unemployment may indicate a worsening job market and emphasizes a focus on employment if the job market weakens. He describes current policy as 'very restrictive' and notes that the economy is not overheating. Future economic conditions will determine the size of rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:59 pm

S

SentinelOne's short interest has risen by 7.58%, with 10.38 million shares sold short, representing 3.69% of its float. This increase in short interest could indicate bearish sentiment among investors. However, SentinelOne's short interest is still below the peer group average of 4.54%.

Portfolio Pulse from Benzinga Insights

August 14, 2024 | 7:45 pm

LUMN

Lumen Technologies (NYSE:LUMN) saw a significant rise in its stock price following the announcement that its CFO will present at the BofA Securities 2024 Media, Communications & Entertainment Conference. The company's recent stock volatility and financial performance were also highlighted.

Portfolio Pulse from Vaishali Prayag

August 14, 2024 | 7:40 pm

BTCUSD

Arthur Hayes, co-founder of BitMEX, predicts a significant bull run for Bitcoin, potentially reaching $100,000, driven by U.S. Treasury actions. He highlights the impact of liquidity management strategies by U.S. Treasury Secretary Janet Yellen and the Federal Reserve’s Reverse Repo Program. Hayes also foresees a larger liquidity injection in 2025, which could further boost Bitcoin and other risk assets.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 7:37 pm