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ADSK

Autodesk Inc (NASDAQ:ADSK) reported strong Q2 earnings, surpassing revenue and EPS estimates. The company showed a 12% year-over-year revenue increase and provided optimistic guidance for Q3 and the full year. Shares rose 5.86% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 9:05 pm

SWAG

Stran & Company has received a deficiency notification from Nasdaq due to its failure to file its quarterly report on Form 10-Q. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:04 pm

FCX

Freeport-McMoRan (NYSE:FCX) has significantly outperformed the market over the past 5 years, with an annualized return of 37.04%. A $1000 investment in FCX 5 years ago would now be worth $4,832.41, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 9:01 pm

AKAM

Akamai Techs (NASDAQ:AKAM) has received mixed analyst reviews over the past three months, with a slight increase in the average 12-month price target to $116. Analysts have varied in their ratings, with some maintaining or raising their price targets, reflecting a generally positive outlook. Akamai's financials show strong profitability and effective cost management, despite revenue growth challenges compared to peers.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 9:00 pm

MDB

MongoDB, Inc. (NASDAQ:MDB) shares surged after reporting strong Q2 results, with earnings and revenue surpassing analyst expectations. The company also provided an upbeat guidance for Q3 and the fiscal year, indicating continued growth and market share capture.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 8:58 pm

MRVL

Marvell Technology reported Q2 earnings in line with expectations and sales slightly above estimates. The company anticipates strong growth in Q3, driven by demand in AI and networking markets, forecasting a 14% sequential revenue increase. Shares rose 6.77% after-hours.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 8:47 pm

AILE

iLearningEngines (NASDAQ:AILE) shares fell over 53% after Hindenburg Research published a short report alleging the company is an 'artificial intelligence SPAC with artificial partners and artificial revenue.' The report claims the company's financials are largely fake, with undisclosed related party transactions. iLearningEngines responded, dismissing the allegations as misleading and speculative.

Portfolio Pulse from Chris Katje

August 29, 2024 | 8:46 pm

QQQ

SPY

TLT

UUP

Traders are scaling back expectations for a 50-basis-point rate cut by the Federal Reserve in September, following an upward revision of U.S. GDP growth. The market now anticipates a smaller 25-basis-point cut, with the PCE inflation report being a key factor. A higher PCE could strengthen the USD and impact Treasury yields, while a lower PCE could boost equities like SPY and QQQ.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 8:46 pm

BLDR

Builders FirstSource (NYSE:BLDR) has seen a 21.68% increase in short interest, with 3.26 million shares sold short, representing 3.76% of its float. This rise in short interest may indicate bearish sentiment, although BLDR's short interest is below the peer group average of 3.96%.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 8:45 pm

KEX

Kirby's short interest has increased by 8.39%, with 1.55% of its shares sold short. This is below the peer group average of 3.21%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 8:45 pm