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Stock Prices

AAPL

Apple has delayed the production of its foldable MacBook due to technical issues, pushing the timeline to 2027 or 2028. Analyst Ming-Chi Kuo reports that the device will feature an 18.8-inch display, and high production costs are expected to decrease with improved yields.

Portfolio Pulse from Ananya Gairola

August 22, 2024 | 10:12 am

ZKH

ZKH Group reported a Q2 adjusted EPS of $(0.03) and sales of $309.61 million, missing the analyst consensus estimate of $319.24 million by 3.02%.

Portfolio Pulse from totan@benzinga.com

August 22, 2024 | 10:10 am

CSIQ

Canadian Solar has revised its FY24 revenue outlook downwards from $7.3B-$8.3B to $6.5B-$7.5B, with estimated revenue at $7.565B. The company also provided guidance on module and battery energy storage shipments.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:08 am

MOBX

STAF

WOLF

Wolfspeed shares rose 8.2% in pre-market trading despite missing earnings and revenue estimates for the fourth quarter and fiscal year. Several other stocks, including Staffing 360 Solutions and Mobix Labs, also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 10:06 am

CSIQ

Canadian Solar reported Q2 2024 earnings per share of $0.02, missing the $0.11 estimate, but sales of $1.64 billion beat the $1.59 billion estimate. This represents a significant decrease in both earnings and sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:03 am

BILI

Bilibili reported better-than-expected Q2 results with an adjusted EPS of $(0.09), beating the estimate of $(0.11). Sales also surpassed expectations, reaching $843.10 million compared to the $837.17 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 10:02 am

MSDTX

MSTR

MicroStrategy's innovative Bitcoin strategy, involving the use of corporate finance tools to accumulate Bitcoin, has significantly increased its market cap. This approach is gaining interest from other companies and even sports clubs, though it remains a radical step for many. The strategy's success has led to the launch of MSTX, a single-stock leveraged ETF for MicroStrategy.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 9:54 am

NVDA

Nvidia's stock is expected to surge to $340 in the medium term, driven by significant investments in AI data centers. However, the stock is volatile, with potential 35-80% pullbacks. Nvidia's near-monopoly in AI accelerators positions it well, but the AI bubble may burst in 3-5 years. Upcoming earnings are a key test.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 9:20 am

NTES

NetEase reported its Q2 financial results, with adjusted EPADS of $1.66 beating the estimate of $1.65, but sales of $3.51 billion missing the expected $3.70 billion.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:04 am

F

GM

KARS

TSLA

Gene Munster from Deepwater Asset Management predicts a slowdown in the EV industry, with growth rates dropping from 50% in 2023 to 5% in 2024. Ford and Tesla are pulling back on their EV investments, signaling an 'EV winter.' Despite challenges, Munster remains optimistic about long-term EV adoption.

Portfolio Pulse from Shanthi Rexaline

August 22, 2024 | 8:39 am