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DB

Deutsche Bank shares rose following a $222 million settlement from a legal dispute with Elliott Investment Management.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:53 pm

SCHW

TD

Charles Schwab shares are declining after TD Bank sold 40.50 million shares, reducing its stake from 12.3% to 10.1%. This sale is linked to TD Bank's anticipation of penalties from U.S. regulatory probes related to anti-money laundering deficiencies.

Portfolio Pulse from Dylan Berman

August 22, 2024 | 6:48 pm

AIRI

PTON

WSM

U.S. stocks fell with the Nasdaq down over 1%. Williams-Sonoma shares dropped 8% after Q2 results, despite beating EPS expectations. Peloton shares surged 37% on strong results. Air Industries Group shares soared 106% after securing a $110 million contract.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 6:47 pm

VRT

Recent options trading activity for Vertiv Holdings (NYSE:VRT) shows a bearish sentiment among large investors, with 54% of trades being bearish. The stock is currently trading at $78.35, with analysts maintaining a positive outlook and an average target price of $98.5.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:46 pm

CHWY

JPMorgan analysts are optimistic about Chewy Inc (NYSE:CHWY) ahead of its Q2 earnings report, highlighting growth in website visits and industry trends. Chewy is expected to report earnings of 3 cents per share on $2.856 billion in revenue. The company is well-positioned in the growing online pet market, with a strong autoship subscription program and multiple revenue drivers. JPMorgan maintains an Overweight rating with a $28 price target.

Portfolio Pulse from Adam Eckert

August 22, 2024 | 6:43 pm

TSLA

Tesla shares are declining following the announcement of a delay in the Cybertruck's full self-driving rollout and an investigation by the National Transportation Safety Board into a Tesla vehicle crash.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 6:42 pm

LUCRF

LVMUY

XME

Lucara Diamond Corp announced the discovery of a massive 2,492-carat diamond in Botswana, the second-largest gem-quality diamond ever found. The discovery was made using advanced X-ray technology at the Karowe mine. This highlights Lucara's effective diamond recovery methods and commitment to shareholder value. The SPDR S&P Metals & Mining ETF, which includes precious metals, has seen mixed performance recently.

Portfolio Pulse from Natan Ponieman

August 22, 2024 | 6:41 pm

BNTX

MRNA

NVAX

PFE

The FDA has approved updated COVID-19 vaccines from Pfizer/BioNTech and Moderna, targeting the Omicron variant KP.2 strain. Novavax's vaccine was not included in this approval. The updated vaccines are expected to be available soon, with Pfizer and Moderna stocks experiencing a decline following the news.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 6:33 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years with an average annual return of 9.84%, resulting in a $1000 investment growing to $6,554.92. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:30 pm

CMCSA

Comcast's short interest has decreased by 4.58%, with 55.78 million shares sold short, representing 1.46% of its float. This is lower than its peers' average short interest of 10.02%. The decline in short interest may indicate a more bullish sentiment towards Comcast.

Portfolio Pulse from Benzinga Insights

August 22, 2024 | 6:30 pm