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MHH

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

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:50 pm

CIA

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

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:49 pm

MYO

Myomo shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:47 pm

ROBT

ULTY

UPST

Upstart Holdings, Inc. (NASDAQ: UPST) reported better-than-expected Q2 results, with an EPS loss of $0.17 beating the consensus estimate of a $0.39 loss and revenue of $128 million surpassing the $124.54 million estimate. The company also issued Q3 revenue guidance of $150 million, above the $135.36 million estimate. Analysts have mixed ratings, with some raising price targets and others maintaining cautious stances due to concerns about profitability and short interest. UPST shares surged 50.73% to $35.98. Investors can also gain exposure through ETFs like Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:ULTY) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 5:47 pm

MNTX

Manitex International shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:46 pm

PCAR

PACCAR's short interest has risen by 8.27%, with 13.62 million shares sold short, representing 3.01% of its float. This is lower than the peer group average of 5.74%. It would take traders 6.55 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 5:45 pm

GIFI

Gulf Island Fabrication shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:41 pm

TGRP

Targa Resources shares are trading higher following the announcement of a $1 billion public offering of senior notes due 2035.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:39 pm

ABNB

Airbnb, Inc. (NASDAQ:ABNB) shares are trading lower after the company reported mixed second-quarter results and issued weak forward guidance. Revenue increased by 10.63% year-over-year, but earnings missed expectations. The company provided third-quarter revenue guidance below consensus estimates and expects a sequential moderation in growth. Several analysts have lowered their price targets for Airbnb following the earnings report.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 5:39 pm

LAZR

Luminar Technologies, Inc. (NASDAQ:LAZR) shares are trading lower after the company reported worse-than-expected Q2 sales for the 2024 fiscal year. The company missed analyst sales estimates, reporting $16.45 million versus the expected $20.38 million, and posted a loss of 18 cents per share. Luminar also announced a debt reduction and new funding to improve financial stability. Following the earnings report, Rosenblatt analyst Kevin Cassidy maintained a Neutral rating and lowered the price target from $3 to $2. As of Wednesday morning, Luminar shares are down 31% to $0.97.

Portfolio Pulse from Dylan Berman

August 07, 2024 | 5:38 pm