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ETHUSD

Bitwise CIO Matt Hougan views the recent crypto market sell-off as a buying opportunity, drawing parallels to the March 2020 market crash. He believes economic factors are behind Bitcoin and Ethereum's recent losses and expects a potential Federal Reserve rate cut. Hougan remains optimistic about crypto's long-term prospects.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 1:48 pm

HSIC

Henry Schein Inc (NASDAQ:HSIC) reported mixed Q2 earnings with adjusted EPS of $1.23, slightly beating expectations, but sales of $3.10 billion missed the consensus. The company cut its 2024 guidance due to slower recovery from a cyberattack and challenging economic conditions. HSIC stock fell by 5.91%.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 1:43 pm

DUK

FUTY

XLU

Duke Energy Corporation (NYSE:DUK) reported strong Q2 FY24 results with adjusted EPS of $1.18, beating the consensus of $1.02. Revenues of $7.17 billion also exceeded expectations. The company reaffirmed its FY24 outlook and long-term growth targets. DUK shares rose 1.81% following the news.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:40 pm

ESTC

Elastic (NYSE: ESTC) has introduced a new feature called Automatic Import, which accelerates the onboarding of SIEM data by automating custom data integrations. This feature significantly reduces the time required for data integration, enhancing the adoption of AI-driven security analytics.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:38 pm

EIPI

EIPX

TTE

TotalEnergies SE (NYSE:TTE) shares are down 2.07% after the company agreed to sell its 50% stake in Total PARCO Pakistan Limited to Gunvor Group. This move aligns with TotalEnergies' strategy to focus on core markets with growth potential. The company also recently announced its exit from a South African block and missed Q2 earnings expectations. Investors can gain exposure to TotalEnergies via ETFs EIPX and EIPI.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:36 pm

USEA

United Maritime (NASDAQ:USEA) reported significant improvements in its Q2 financial results, with earnings per share rising to $0.09 from a loss of $(0.25) YoY and sales increasing by 24.29% to $12.44 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:36 pm

The U.S. National Transportation Safety Board (NTSB) has released documents from its investigation into a January accident involving a Boeing 737 MAX 9. A Federal Aviation Administration (FAA) safety inspector highlighted a systemic issue of employees not following instructions. Boeing executive Lund noted that 737 MAX production fell to 8 planes per month after the incident but increased to 'in the low 20s' by June.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:32 pm

IBRX

ImmunityBio, Inc. (IBRX) has announced the initiation of the QUILT 502 trial to study the combination of ANKTIVA and the AdHER2DC vaccine for treating HER2-positive endometrial cancer. The trial will also include pembrolizumab and lenvatinib, and aims to evaluate the safety and preliminary efficacy of this combination therapy. The study is expected to be completed in 2026.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:30 pm

NVDA

SOXX

TDIV

TSM

Nvidia and Taiwan Semiconductor Manufacturing Co. are facing production issues with Nvidia's next-gen AI chips, potentially delaying shipments. Despite concerns, Morgan Stanley named Taiwan Semiconductor a 'top pick' after a recent selloff. Taiwan Semiconductor stock has gained 54% in the last 12 months. Investors can gain exposure through iShares Semiconductor ETF and First Trust NASDAQ Technology Dividend Index Fund.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 1:30 pm

ACTV

BLMN

SCAP

Bloomin' Brands, Inc. (NASDAQ: BLMN) reported Q2 earnings that missed analyst expectations, with adjusted EPS of $0.51 versus the expected $0.58. Quarterly sales were $1.12 billion, slightly below the $1.13 billion estimate, and down 2.9% year-over-year. The company also lowered its FY24 adjusted EPS outlook and expects a decline in U.S. comparable restaurant sales. Despite these challenges, the company declared a quarterly dividend and continued its share repurchase program. BLMN shares are down 2.68% premarket. Investors can also gain exposure through LeaderShares Activist Leaders ETF (NYSE: ACTV) and Series Portfolios Trust InfraCap Small Cap Income ETF (NYSE: SCAP).

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:30 pm