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COCH

Envoy Medical shares are trading higher following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:24 pm

CLSK

CleanSpark reported its Q3 adjusted EPS of $(0.01), beating the estimate of $(0.04). However, its sales of $104.11 million missed the estimate of $110.88 million.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:21 pm

QQQ

SPY

Last week, the SPDR S&P 500 ETF Trust (SPY) and NASDAQ Invesco QQQ Trust (QQQ) experienced significant volatility, with dramatic market swings driven by macroeconomic uncertainty and a weak July jobs report. The S&P 500 had its best and worst days since 2022, reflecting investor anxiety over recession fears and the collapse of the yen carry trade. Historical precedents suggest that such volatility may continue, especially with upcoming macroeconomic indicators, company earnings, Federal Reserve decisions, and geopolitical conflicts. The 2024 election year is also expected to contribute to market volatility.

Portfolio Pulse from Hayden Buckfire

August 12, 2024 | 2:17 pm

NVDA

SBUX

USO

Oil prices rose due to Middle East tensions, Starbucks saw gains following an activist report, and NVIDIA continued its upward trend.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:16 pm

MKTW

MarketWise shares are trading lower following the announcement of the registration of its Chairman and CEO.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:15 pm

BNO

USO

Oil prices are trading higher due to ongoing Middle East tensions, with recent reports suggesting a potential attack by Iran on Israel.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:11 pm

BEKE

KEY

MNTK

NFE

RVNC

SBUX

U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 150 points. However, several stocks saw significant gains. KE Holdings (NYSE:BEKE) rose 6.9% after reporting better-than-expected Q2 results and increasing its repurchase authorization. Revance Therapeutics (NASDAQ:RVNC) surged 85.4% following a merger agreement with Crown Laboratories. KeyCorp (NYSE:KEY) shares jumped 13% after Scotiabank acquired a 14.9% stake. Other notable gainers included Montauk Renewables (NASDAQ:MNTK), New Fortress Energy (NASDAQ:NFE), and Starbucks (NASDAQ:SBUX).

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 2:09 pm

BLDP

Ballard Power Systems Inc. (NASDAQ:BLDP) reported mixed Q2 FY24 results, with revenue growing 4% Y/Y to $16.0 million but missing the analyst consensus estimate of $18.6 million. EPS loss of $0.11 beat the consensus estimate for a loss of $0.13. The company experienced a 6% Q/Q decline in order backlog and reduced its capital expenditure guidance for FY24. BLDP shares are down 3.11% following the report.

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 2:09 pm

PSIG

PS International Group (PSIG) shares have resumed trading after a temporary halt. The company has not provided specific reasons for the halt, but investors are closely monitoring the situation for any updates.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:08 pm

SXTP

60 Degrees Pharmaceuticals shares are trading higher after the company announced that it granted the University of Kentucky a right of reference to its new drug application for ARAKODA.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 2:07 pm