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Stock Prices

CVS

GTHX

PETQ

STEM

TLIS

UPST

XPON

U.S. stocks turned lower with the Dow Jones index dipping over 200 points. CVS Health Corp (NYSE:CVS) shares fell over 1% after mixed Q2 earnings and a cut in annual profit guidance. Upstart Holdings, Inc. (NASDAQ:UPST) shares surged 48% on better-than-expected Q2 results. G1 Therapeutics, Inc. (NASDAQ:GTHX) shares rose 66% following an acquisition announcement. PetIQ, Inc. (NASDAQ:PETQ) shares increased 48% on strong Q2 earnings. Stem, Inc. (NYSE:STEM), Expion360 Inc. (NASDAQ:XPON), and Talis Biomedical Corporation (NASDAQ:TLIS) saw significant declines.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 6:38 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) faces a mixed outlook as it deals with a recent court ruling labeling it a monopoly. Despite this, Bank of America analyst Justin Post remains bullish, reiterating a Buy rating with a $206 price target. Post highlights Alphabet's strong position in AI, particularly with Google Gemini, and its dominance over OpenAI's ChatGPT. He believes Alphabet's AI advancements and cost management will drive future growth.

Portfolio Pulse from Hayden Buckfire

August 07, 2024 | 6:35 pm

BITF

CLSK

COIN

HIVE

HUT

IREN

MARA

MSTR

RIOT

Shares of crypto-linked stocks are trading lower, possibly due to weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:34 pm

VST

Significant bearish options activity has been detected for Vistra (NYSE:VST), with 72% of the trades being bearish. This unusual activity suggests that large investors are anticipating a potential decline in Vistra's stock price. The stock is currently trading at $72.8, down by 2.14%, and the next earnings report is due in one day.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:34 pm

KBR

KBR (NYSE:KBR) has outperformed the market over the past 10 years with an average annual return of 11.76%, surpassing the market by 1.37% annually. A $1000 investment in KBR 10 years ago would now be worth $2,963.87. The article highlights the impact of compounded returns on long-term investment growth.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:33 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years, producing an average annual return of 14.02%. A $1000 investment in AXP 15 years ago would be worth $7,203.46 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:33 pm

TAK

Takeda Pharmaceutical Co Ltd (NYSE:TAK) stock is trading higher due to the European Commission's approval of Adzynma for treating ADAMTS13 deficiency in cTTP patients. This approval is based on positive Phase 3 trial results showing Adzynma's efficacy and safety compared to plasma-based therapies.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:29 pm

TSLA

Tesla shares are trading lower following a recall of vehicles in China.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:28 pm

ARM

AVGO

LRCX

MPWR

NVDA

NXPI

OLED

Shares of semiconductor and chip stocks are trading lower amid overall weakness in tech. The sector may also be down in sympathy with Supermicro, which fell after reporting quarterly earnings.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:25 pm

WOLF

Wolfspeed shares are trading lower after New Street Research downgraded the stock from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:24 pm