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KYTX

PSFE

RMBL

XP

U.S. stock futures are trading higher this morning. Key stocks to watch include Home Depot, RumbleOn, Paysafe, Kyverna Therapeutics, and XP Inc. Home Depot is expected to report strong earnings, RumbleOn beat revenue estimates, Paysafe is anticipated to post solid earnings, Kyverna Therapeutics received FDA RMAT designation, and XP Inc. is expected to report earnings after the closing bell.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 7:44 am

AZTR

Anitra (AMEX:AZTR) reported a significant quarterly loss of $(2.74) per share, missing the analyst consensus estimate of $(0.36) by 661.11%. The company's sales also dropped by 56.40% year-over-year to $75.000 thousand from $172.000 thousand.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:35 am

KGS

Kodiak Gas Services (NYSE:KGS) reported Q2 2024 earnings of $0.06 per share, missing the analyst estimate of $0.53 by 88.68%. Sales were $309.7M, slightly below the $311.415M estimate. Despite the misses, sales increased by 52.33% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:31 am

OXY

WES

Western Midstream Partners, LP (NYSE:WES) announced the pricing of a secondary public offering of 19 million common units by Occidental affiliates for $685.9 million. The offering is expected to close on August 14, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 7:26 am

TSLA

Former President Donald Trump expressed concerns about Elon Musk's health during a conversation on X, sparking speculation. Musk reassured that he is fine and discussed his pro-nuclear power stance. The health of Musk is crucial for Tesla Inc. (NASDAQ:TSLA) as analysts emphasize his integral role in the company.

Portfolio Pulse from Kaustubh Bagalkote

August 13, 2024 | 6:45 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has delivered its second FF 91 2.0 Futurist Alliance vehicle as part of its ongoing Start of Delivery Second Phase (SOD2). Wei Gao, Head of Global Communication and Community Sales, is the latest recipient.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:38 am

EWU

The U.K. Average Earnings Index including bonuses for June has decreased to 4.5% from the previous 5.7%. This indicates a slowdown in wage growth, which could have implications for the broader economy and financial markets.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:03 am

AAPL

GOOG

GOOGL

SSNLF

The initial enthusiasm for Samsung Galaxy S24's AI capabilities is waning, with shipment momentum slowing since April 2024. Analyst Ming-Chi Kuo notes a 10% YoY decrease in pre-orders for Samsung's new foldable models. Despite the slowdown, AI adoption in smartphones is expected to continue. Google's AI Core update for Pixel 8 Pro and upcoming Pixel 9 are highlighted, but no solid proof exists that AI enhancements will drive device replacement demand. Apple's iPhone 16 series is also under scrutiny, with mixed expectations about its impact on smartphone shipments.

Portfolio Pulse from Ananya Gairola

August 13, 2024 | 5:53 am

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has publicly voiced his support for Donald Trump, despite historically identifying as a moderate Democrat. This revelation came during a conversation with Trump, which covered various topics and attracted over 1.3 million listeners. Musk's political stance has been a subject of speculation, especially given his past interactions with political figures.

Portfolio Pulse from Ananya Gairola

August 13, 2024 | 5:50 am

CALT

Calliditas Therapeutics (NASDAQ:CALT) reported Q2 2024 GAAP EPS of $(0.17), missing the $(0.13) estimate, but achieved sales of $52.351M, beating the $42.952M estimate. EPS improved by 49.23% YoY, and sales increased by 104.45% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:40 am