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ALB

LAC

LIT

SQM

Shares of lithium companies are trading lower due to a drop in the price of lithium. Concerns over increasing supply from Africa are contributing to the decline in prices.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:54 pm

CENX

Century Aluminum shares are trading higher after the company reported better-than-expected Q2 financial results last week.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:53 pm

GLD

QQQ

SPY

TLT

UUP

The upcoming July CPI inflation report is crucial for shaping investor expectations ahead of the Federal Reserve's September meeting. Depending on the data, markets may anticipate either a modest or substantial interest rate cut. The report will influence various assets, including stocks, bonds, and gold.

Portfolio Pulse from Piero Cingari

August 12, 2024 | 7:51 pm

GLD

SLV

Gold and Silver are trading higher amid Middle East tensions, which could be lifting some safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:46 pm

LMT

NOC

RTX

In a month of global market turmoil, tech giants like Alphabet, Apple, and Tesla saw significant valuation drops, while defense companies Lockheed Martin, RTX Corporation, and Northrop Grumman experienced stock surges between 14% and 20%. Lockheed Martin's stock rose nearly 20% due to advancements like the Mako hypersonic missile and a significant aircraft delivery to New Zealand. RTX Corporation's stock climbed over 15% following a $1.2 billion deal with Poland for Patriot air-defense components. Northrop Grumman's stock increased by nearly 14% driven by projects like the Arctic Satellite Broadband Mission and advancements in air defense systems.

Portfolio Pulse from Surbhi Jain

August 12, 2024 | 7:45 pm

PFE

Wealthy investors have taken a bullish stance on Pfizer (NYSE:PFE) options, with 20 uncommon trades detected. The sentiment is split between 55% bullish and 35% bearish. The targeted price range is $20.0 to $32.0. Analysts have mixed ratings, with price targets ranging from $30 to $45.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 7:45 pm

WMT

Deep-pocketed investors have adopted a bearish approach towards Walmart (NYSE:WMT), as revealed by Benzinga's options scanner. The scanner highlighted 41 extraordinary options activities, with 53% of the trades being bearish. The significant options trades include 28 puts totaling $1,740,332 and 13 calls amounting to $622,758. Analysts maintain an average target price of $79.4 for Walmart, with the next earnings report scheduled in 3 days.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 7:45 pm

IAUX

i-80 Gold shares are trading higher following the announcement of positive results from their ongoing 2024 underground drilling program at the McCoy-Cove Property.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:43 pm

ACCD

Accolade shares are trading higher following a report suggesting the company is exploring a sale.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:42 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares fell 3.55% to $13.46 following its Q2 earnings report. The company reported $1.16 billion in revenue, surpassing estimates, but posted a larger-than-expected loss of $1.46 per share. Rivian produced 9,612 vehicles and delivered 13,790 in the quarter. The company's liquidity was bolstered by a $1 billion unsecured convertible note from Volkswagen.

Portfolio Pulse from Henry Khederian

August 12, 2024 | 7:40 pm