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NXST

WBIF

WBIL

Nexstar Media Group Inc (NASDAQ:NXST) reported Q2 FY24 earnings that fell short of expectations, leading to a 3.30% drop in its stock price. The company saw a 2.3% Y/Y increase in net revenue to $1.269 billion, missing the consensus of $1.297 billion. Advertising revenue rose 2.2% Y/Y, driven by political ads, while distribution revenue gained 5.5% Y/Y. Adjusted EBITDA increased by 18.8% Y/Y, and EPS was $3.54, below the consensus of $4.01. Investors can gain exposure to Nexstar via WBI BullBear Value 3000 ETF (NYSE:WBIF) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 2:48 pm

ICUI

ICU Medical shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:47 pm

AMGN

Recent options trading activity indicates a bearish sentiment among big-money investors towards Amgen (NASDAQ:AMGN). Benzinga's options scanner identified 12 uncommon options trades, with 75% being bearish. The trades suggest a price target range of $300 to $325 for Amgen over the next three months. Analysts have mixed ratings, with price targets ranging from $305 to $381.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 2:47 pm

AXON

Recent options activity for Axon Enterprise (NASDAQ:AXON) shows a predominantly bearish sentiment among large investors, with 69% of trades being bearish. The trading volume and open interest suggest a price range between $100 and $430. Analysts have mixed ratings, with some downgrading their outlooks.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 2:46 pm

ACVA

ACV Auctions shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:46 pm

MTCH

Match Group Inc (NASDAQ:MTCH) experienced volatility after Bumble Inc reported worse-than-expected Q2 revenue results. This has led to concerns about ARPU and churn rates in the online dating industry, potentially impacting Match Group's profitability and revenue projections.

Portfolio Pulse from Henry Khederian

August 08, 2024 | 2:45 pm

RPRX

Royalty Pharma shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:45 pm

BOOT

Boot Barn shares are trading higher as multiple firms have raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:44 pm

PENN

Penn Entertainment, Inc. (NASDAQ:PENN) shares are trading higher after the company reported better-than-expected Q2 EPS, despite missing revenue estimates. The company highlighted record gaming revenue in its Interactive segment and solid retail business performance.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 2:44 pm

TGLS

Tecnoglass shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:43 pm