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AILE

CXAI

GNPX

PSFE

SBUX

SYRS

TELA

U.S. stocks traded higher with the Dow Jones up over 300 points. Information technology shares climbed 2.7%, while energy shares fell 1%. Paysafe Ltd (NYSE:PSFE) shares surged 9% after strong Q2 results and revised revenue guidance. Starbucks (NASDAQ:SBUX) shares rose 21% after announcing Brian Niccol as the new CEO. CXApp Inc. (NASDAQ:CXAI) surged 133% on a deal with Google Cloud. iLearningEngines, Inc. (NASDAQ:AILE) gained 25% on better-than-expected Q2 sales. Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) dropped 61% after discontinuing a clinical trial. Genprex, Inc. (NASDAQ:GNPX) fell 33% despite a new patent. TELA Bio, Inc. (NASDAQ:TELA) fell 24% on poor Q2 results.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 6:30 pm

BCHUSD

BTCUSD

Bitcoin surged to $61,000 following a $2 billion Bitcoin transfer by BitGo, potentially signaling the start of Mt. Gox creditor payouts. This move has raised market anticipation for the end of distributions, which could impact Bitcoin's price.

Portfolio Pulse from Murtuza Merchant

August 13, 2024 | 6:29 pm

MFG

MUFG

SMFG

Shares of US-listed Japanese stocks are trading higher after the Nikkei closed higher.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:27 pm

TAP

TLRY

Tilray Brands shares are trading higher after the company announced it will acquire four craft breweries from Molson Coors.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:27 pm

LQDA

UTHR

Traders are closely monitoring Liquidia (LQDA) as unconfirmed analyst comments suggest that United Therapeutics (UTHR) has filed a lawsuit against the FDA's action on Liquidia's lung-disease treatment Yutrepia, which is used for PAH and PH-ILD.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:24 pm

ADI

ENTG

LRCX

MCHP

MKSI

NXPI

QCOM

QRVO

SWKS

TER

TSM

TXN

Shares of semiconductor and chip stocks are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:22 pm

IWM

MNDY

SLAB

SYNA

The article discusses a potential shift from Big Tech to small-cap stocks, driven by expectations of a Federal Reserve rate cut in September. Andrew Graham of Jackson Square Capital highlights the iShares Russell 2000 ETF (IWM) and specific midcap stocks like Fabrinet (FN), Silicon Laboratories Inc (SLAB), Synaptics Inc (SYNA), and Monday.com Ltd (MNDY) as promising investments. The article also notes that the economic outlook and copper prices could influence the performance of these stocks.

Portfolio Pulse from Surbhi Jain

August 13, 2024 | 6:18 pm

ONON

On Holding shares are trading higher following mixed Q2 financial results. The stock initially fell but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 6:16 pm

BAC

Recent options activity for Bank of America (NYSE:BAC) shows significant interest from large investors, with a mix of bullish and bearish trades. The options trades include 6 puts and 10 calls, with a total trade value of over $1.27 million. Analysts have mixed ratings on BAC, with price targets ranging from $39 to $48. The stock is currently trading at $38.35, up 0.48%, and may be oversold according to RSI readings.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 6:15 pm

TTD

The Trade Desk (NASDAQ:TTD) has seen a surge in options activity, with a mix of bullish and bearish trades. Analysts maintain positive ratings with an average target price of $115. The stock is currently trading at $98.06, up by 1.06%, and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 6:15 pm