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Stock Prices

BIRK

Birkenstock Holding reported its Q3 financial results, missing both earnings and sales estimates. The company posted an adjusted EPS of $0.53, below the expected $0.58, and sales of $608.02 million, missing the $631.72 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:35 am

SY

So-Young International Inc. has received a warning from Nasdaq for its shares trading below the $1 minimum bid price for 30 consecutive days. This notice currently does not affect the trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:32 am

TSLA

Tesla has requested the Canadian government to reduce tariffs on its China-made EVs, similar to the EU's 9% rate, before Canada announced a 100% tariff effective October 1. This move follows the U.S. decision to increase tariffs on Chinese EVs, although Tesla does not import these to the U.S.

Portfolio Pulse from Anan Ashraf

August 29, 2024 | 9:16 am

AMD

ARM

AVGO

MRVL

MU

NVDA

SMCI

SOXX

TSM

Nvidia's stock fell nearly 5% in premarket trading despite reporting better-than-expected earnings and revenue, as well as announcing a $50 billion stock buyback. The decline in Nvidia's stock affected other semiconductor stocks and ETFs, including AMD, Super Micro, TSM, Micron, Broadcom, Marvell, Arm, and the iShares Semiconductor ETF.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 9:11 am

AAPL

Apple is increasing its iPhone 16 orders by over 10% ahead of its September launch, anticipating high demand due to AI features. The company is preparing for 88-90 million units, surpassing last year's orders. Despite strong orders, Apple faces competition in China and geopolitical tensions. Analysts predict significant growth due to AI integration, though challenges like internal restructuring persist.

Portfolio Pulse from Benzinga Neuro

August 29, 2024 | 8:52 am

F

GM

TSLA

Tesla has significantly reduced EV prices in the U.S., with Colorado offering additional incentives, making Tesla cars extremely affordable. The state provides various tax credits and rebates, allowing a Model Y to cost as low as $15,780 and a Model 3 for $14,780 after incentives. Elon Musk praised Colorado's EV incentives. The EV industry faces challenges with demand tapering, affecting startups and legacy automakers like Ford and GM. Tesla's aggressive pricing impacts its margins, but its scale helps it remain competitive.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 8:33 am

CRM

Salesforce (CRM) shares rose over 4% in after-hours trading following a strong quarterly performance. CEO Marc Benioff highlighted the company's growth and future potential, while Jim Cramer praised the 'real deal acceleration.' Piper Sandler raised its price target but maintained a Neutral rating due to macro uncertainties and a pending CFO departure.

Portfolio Pulse from Shanthi Rexaline

August 29, 2024 | 7:25 am

ONDS

Ondas Holdings has announced a $4 million registered direct offering, selling 5,333,334 units at $0.75 per unit. Each unit includes one share of common stock and two warrants. The offering is with a single institutional investor.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:53 am

GOVX

GeoVax Labs, Inc. is raising $5 million through an at-the-market offering by selling 975,610 shares at $5.125 each.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:49 am

NVDA

AI-based cryptocurrencies fell after Nvidia's Q2 earnings beat expectations but failed to meet investor expectations, causing a 7% drop in Nvidia's after-hours trading. Despite this, AI tokens like FET and RENDER have seen significant year-to-date gains.

Portfolio Pulse from Aniket Verma

August 29, 2024 | 6:41 am