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NXTV

PKW

TMUS

T-Mobile US, Inc. (NASDAQ: TMUS) has been fined $60 million by the Committee on Foreign Investment in the U.S. for data security violations related to its 2020 acquisition of Sprint Corp. The fine is the largest ever for the company and stems from unauthorized access to sensitive data in 2020 and 2021. T-Mobile cited technical issues during post-merger integration as the cause. The stock is down 0.72% premarket. ETFs Simplify Next Intangible Value Index ETF (BATS: NXTV) and Invesco BuyBack Achievers ETF (NASDAQ: PKW) are also mentioned.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:21 pm

SPY

Fed's Musalem indicates that monetary policy is moderately restrictive and inflation is on track for the 2% target over time. However, services and shelter inflation remain sticky, requiring more disinflation efforts. The labor market is cooling with low layoffs, reducing its risk to inflation. Recent data boosts confidence in inflation control, balancing risks between inflation and the job market. A policy rate change may be approaching.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:20 pm

BBY

COST

DLTR

KSS

LULU

WMT

Shares of retail stocks are trading higher following strong quarterly earnings from Walmart.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:18 pm

AMZN

ASTS

INTC

LOT

MADE

NVDA

QQQ

SBUX

WAY

WMT

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:15 pm

QCOM

Qualcomm and MediaTek are planning to expand their presence in the PC processor market by 2025 with their respective Arm chips, according to market sources.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:15 pm

APPN

BSET

PEB

WRBY

Several notable insider trades were reported, including significant purchases in Appian Corporation, Pebblebrook Hotel Trust, Warby Parker, and Bassett Furniture Industries. Insider buying often signals confidence in the company's prospects.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:14 pm

EWCZ

European Wax Center, Inc. (NASDAQ:EWCZ) reported disappointing Q2 sales and lowered its FY24 revenue guidance. The company named David Berg as CEO and announced a reevaluation of near-term development plans. Shares fell 27% following the news, and several analysts cut their price targets.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:13 pm

AGFY

Agrify Corporation (NASDAQ:AGFY) reported a 41% YoY revenue drop for Q2 2024, with revenue of $3.0 million compared to $5.1 million in Q2 2023. Despite a 15% increase in quarterly revenue and a 54.8% rise in gross profit compared to Q1 2024, the company faces challenges due to uncertain regulations and limited capital availability. Agrify's net loss for Q2 2024 was $2.8 million, down from $6.8 million in Q2 2023. The company plans to explore strategic options to maximize shareholder value. Agrify shares closed 3.27% lower at 25 cents per share.

Portfolio Pulse from Nina Zdinjak

August 15, 2024 | 1:12 pm

DELL

NXTV

TSLA

WLDR

The Delaware Supreme Court upheld a $267 million legal fee for securing a $1 billion settlement for Dell Technologies shareholders. This ruling could impact similar cases involving Tesla. Dell shares are trading higher premarket. The fee is the second largest in Delaware and fifth largest in federal securities litigation. Tesla is contesting substantial legal fees in other cases.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:11 pm

TVGN

Tevogen Bio Holdings (NASDAQ:TVGN) reported a Q2 EPS of $(0.04), showing a significant improvement from $(0.18) per share in the same period last year, marking a 77.78% increase.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:09 pm