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Parker-Hannifin Corp (NYSE:PH) reported strong Q4 2024 results with a 2% sales growth and a 3% organic growth, beating consensus estimates. The Aerospace Systems segment showed a 19.2% increase in sales. The company provided an optimistic outlook for 2025, expecting sales growth of 1.5%-4.5% and adjusted EPS of $26.30-$27.00. PH shares surged 9.44% following the announcement.

Portfolio Pulse from Akanksha Bakshi

August 08, 2024 | 1:48 pm

ERJ

Embraer (NYSE:ERJ) reported Q2 2024 adjusted EPS of $0.438, beating the $0.27 estimate. Sales were $1.49 billion, surpassing the $1.43 billion estimate and marking a 15.63% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:43 pm

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Meta Platforms Inc. (META) has successfully monetized AI, reporting strong earnings with a 22% increase in revenues and a 73% increase in earnings. In contrast, Microsoft Corp. (MSFT) and Alphabet Inc. (GOOG) are struggling to monetize AI. Nvidia Corp. (NVDA) benefits significantly from AI spending, adding over $300B in market cap in one day. Advanced Micro Devices, Inc. (AMD) is also making inroads in AI. Arm Holdings PLC (ARM) and Qualcomm Inc. (QCOM) gave tepid forecasts. Jobless claims are increasing, and the Bank of England cut its interest rate to 5%. Money flows are positive in AAPL, AMZN, META, MSFT, NVDA, SPY, and QQQ, neutral in GOOG, and negative in TSLA.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

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Google and Meta are accused of secretly targeting Instagram ads to teenagers on YouTube, violating Google's own policies. The campaign aimed at 13- to 17-year-olds was reportedly part of a strategy to boost ad revenue and retain younger users. Google has launched an investigation and canceled the project, while Meta defended its actions. This incident coincides with the expected passing of a new child online safety bill by the U.S. Senate.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 1:37 pm

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The article discusses a strategy for navigating current market volatility by hedging existing positions and selectively adding new ones. It highlights successful exits from options trades on Carvana Co. (CVNA) and Meta Platforms, Inc. (META), with gains of 220% and 103% respectively. The author plans to add new positions in oversold stocks with favorable PEG ratios and RSI values, despite cautioning about potential short-term losses if market conditions persist.

Portfolio Pulse from David Pinsen

August 08, 2024 | 1:37 pm

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The article advises investors to raise cash and hedge positions, especially in AI and tech stocks, due to a weak jobs report and negative money flows in major tech stocks and ETFs. The jobs report indicates worsening employment conditions, contributing to market sell-offs. Earnings from Amazon and Intel were below expectations, while Apple's earnings were better but with disappointing growth in China. The article suggests a cautious approach with a protection band strategy.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

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The article discusses the impact of the Bank of Japan's rate hike on global stocks, particularly through the unwinding of carry trades. This has led to aggressive selling in AI-related semiconductor stocks and the Magnificent Seven stocks. Warren Buffett's Berkshire Hathaway has sold a significant portion of its Apple holdings, increasing its cash position. The article also mentions delays in NVIDIA's next-generation chip and negative money flows in major ETFs and stocks. Investors are advised to consider hedges and protection bands to navigate the current market volatility.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:37 pm

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The article discusses the current market conditions, focusing on the Nasdaq 100 ETF (QQQ) and the impact of the carry trade unwind. It highlights that there is no 'back up the truck and buy stocks' signal yet, and CTAs are likely to sell rallies. Positive money flows are noted in several major tech stocks and ETFs, while Apple (AAPL) sees negative flows. The article also touches on the importance of maintaining a protection band and the traditional 60/40 portfolio strategy.

Portfolio Pulse from The Arora Report

August 08, 2024 | 1:36 pm

DNUT

Krispy Kreme shares are trading higher after the company reported better-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:36 pm

Goldman Sachs (NYSE:GS) experienced a significant Power Inflow event, indicating a shift from net selling to net buying. This event led to a 2% rise in GS stock on a day when the broader market was down 3%. The Power Inflow signal was triggered at 10:45 AM at a trading price of $452.48, suggesting potential for an uptrend.

Portfolio Pulse from jacob@finit.co.kr

August 08, 2024 | 1:36 pm