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LLY

Eli Lilly's SURMOUNT-1 study reveals that weekly injections of Tirzepatide significantly reduce the risk of progression to Type 2 diabetes by 94% in adults with pre-diabetes and obesity.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:52 am

AMGN

COIN

INTC

MCD

MSTR

PANW

QQQ

SPY

US stocks may pause after an 8-session winning streak, with potential risks ahead. The S&P 500 and Nasdaq have reached new highs, but strategists warn of a possible pullback. Tech and crypto-exposed stocks are expected to maintain momentum. Key events include Fed speeches and Powell's upcoming address.

Portfolio Pulse from Shanthi Rexaline

August 20, 2024 | 10:48 am

BA

GCAD

ITA

Boeing shares are trading lower premarket due to FAA's directive for inspections on 787 Dreamliners following a mid-air incident. Boeing also halted 777-9 test flights due to a component issue. The stock is down 0.97% premarket.

Portfolio Pulse from Lekha Gupta

August 20, 2024 | 10:41 am

AS

Amer Sports reported Q2 2024 earnings of $0.05 per share, significantly beating the estimated loss of $(0.06). Sales reached $994 million, surpassing the $948.184 million estimate. This marks a substantial improvement from the previous year's performance.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:41 am

XRAY

Dentsply Sirona announced the resignation of its Executive Vice President and CFO, Glenn Coleman, effective November 7. The company has started searching for a new CFO.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:17 am

BTBT

HA

PITA

TGL

TTNP

Bit Digital shares rose 11% in pre-market trading due to better-than-expected Q2 sales and a new agreement with Boosteroid. The company reported a revenue of $29 million, surpassing estimates, despite missing EPS expectations. Other stocks like Treasure Global and Heramba Electric also saw significant pre-market gains.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 10:16 am

GOOGL

TSLA

Ark Invest analyst Tasha Keeney highlights Tesla's manufacturing advantage over Waymo in scaling robotaxi operations. Tesla's vertically integrated approach and lower vehicle costs could accelerate its robotaxi network expansion. Elon Musk is optimistic about achieving full autonomy soon.

Portfolio Pulse from Anan Ashraf

August 20, 2024 | 10:13 am

LOW

Lowe's reported a decline in Q2 comparable sales, attributed to reduced spending in DIY big-ticket items and unfavorable weather affecting seasonal and outdoor sales.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:07 am

HOVR

New Horizon Aircraft has announced a public offering of 2.8 million shares, along with warrants to purchase an additional 2.8 million shares. Additionally, pre-funded warrants to purchase up to 3 million shares and accompanying warrants are being offered, all at a combined price of $0.50.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:05 am