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VYX

NCR Voyix Corporation (NYSE:VYX) shares are trading higher following a deal with Veritas Capital to sell its cloud-based digital banking business for $2.45 billion in cash, with potential additional consideration of up to $100 million. The transaction is part of NCR Voyix's strategy to streamline operations and focus on core software and services for restaurants and retailers. The company plans to use the proceeds to reduce debt and invest in its core business areas. Despite the positive news, NCR Voyix reported disappointing Q2 earnings and reduced its FY24 revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 2:00 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has significantly outperformed the market over the past 15 years, delivering an average annual return of 18.78%. A $1000 investment in TMO 15 years ago would now be worth $13,586.15. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:00 pm

FN

Fabrinet (NYSE:FN) has significantly outperformed the market over the past 10 years, delivering an average annual return of 26.09%. A $100 investment in FN stock 10 years ago would be worth $1,003.45 today. The company's current market capitalization is $7.10 billion.

Portfolio Pulse from Benzinga Insights

August 06, 2024 | 2:00 pm

BAX

Baxter International Inc (NYSE:BAX) reported strong Q2 results, beating both EPS and sales expectations. The company raised its annual outlook, driven by growth across all segments, particularly in Pharmaceuticals and Medical Products & Therapies. Baxter also provided updated guidance for 2024 and Q3, expecting continued growth. The stock rose 6.47% following the announcement.

Portfolio Pulse from Vandana Singh

August 06, 2024 | 1:59 pm

NVDA

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) is set to report its Q4 earnings with Wall Street expecting $8.10 EPS and $5.29 billion in revenues. Despite a strong yearly performance driven by AI momentum, the stock is currently exhibiting bearish trends, trading below key moving averages. However, buying pressure and an oversold RSI suggest a potential bullish reversal. Analysts maintain a Buy rating with a price target of $999.92, indicating over 10% upside.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 1:52 pm

PLTR

Dan Ives from Wedbush has raised the price target for Palantir Technologies Inc. (NYSE:PLTR) from $35 to $38, with a bullish case of $50, following a transformative quarter driven by the success of its Artificial Intelligence Platform (AIP) and the launch of a new software platform, 'Warp Speed.' Palantir reported an 83% YoY increase in U.S. commercial customers.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 1:51 pm

CELH

Celsius Holdings, Inc. (NASDAQ:CELH) reported strong Q2 earnings and sales, significantly beating analyst expectations. The company posted earnings per share of 28 cents, surpassing the expected 23 cents, and quarterly sales of $402 million, exceeding the consensus of $393.165 million. The North American business and sustained consumer demand growth were key drivers. Gross profit increased by 32% to $209.1 million, with a gross margin of 52.0%. CELH shares rose by 2.66% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 1:49 pm

BTCUSD

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