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SCSC

ScanSource shares declined following the release of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:52 pm

AAPL

Apple is set to launch the AI-enabled iPhone 16, marking its biggest upgrade cycle, with expectations of over 90 million initial shipments. Analyst Daniel Ives predicts this will drive Apple's market cap past $4 trillion. The transition of CFO from Luca Maestri to Kevan Parekh is expected to be smooth.

Portfolio Pulse from Shanthi Rexaline

August 27, 2024 | 12:50 pm

CTRN

Citi Trends, Inc. (NASDAQ:CTRN) shares fell 11.8% premarket after missing Q2 expectations. Sales were $176.6M, below the $179.13M consensus. Gross margin dropped to 31.1% due to inventory markdowns and shrinkage. The company reported a $1.94 loss per share, against a $0.52 expected loss. Despite opening one new store, three were closed, and 15 remodeled. Cash reserves stood at $59.3M with no debt. The company plans to close 10-15 underperforming stores in 2024.

Portfolio Pulse from Lekha Gupta

August 27, 2024 | 12:48 pm

JFIN

Jiayin Group's shares are declining following the announcement of a year-over-year decrease in their Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:48 pm

PDD

PDD Holdings Inc reported weaker-than-expected Q2 revenue, leading to a significant drop in its stock price and revised price targets from analysts. Despite strong earnings per ADS, the company faces challenges ahead, including intensified competition.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:48 pm

BIVI

BioVie presented data on Bezisterim at the Aging Research and Drug Discovery Meeting, highlighting its potential in addressing inflammation and aging-related disorders.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:46 pm

HSY

Hershey's stock is experiencing a decline following a downgrade by Citigroup from Neutral to Sell, with a reduced price target from $195 to $182.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:45 pm

IVP

Inspire Veterinary Partners shares rose following the announcement of a non-binding letter of intent to acquire AI platform Vetaie.ai in an all-stock transaction.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 12:44 pm

LPX

TDG

WDAY

Workday, TransDigm Group, and Louisiana-Pacific were highlighted on CNBC's 'Final Trades' for their strong financial performances. Workday and TransDigm reported earnings that exceeded expectations, while Louisiana-Pacific showed significant sales growth.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:44 pm

ACAD

BGS

DELL

ELF

JNJ

LCID

SOFI

SYM

UWMC

Jim Cramer shared his views on several stocks, recommending buying Dell Technologies and SoFi, while advising against B&G Foods, Symbotic, and Lucid Group. He also suggested waiting for a pullback on Johnson & Johnson and UWM Holdings.

Portfolio Pulse from Avi Kapoor

August 27, 2024 | 12:40 pm