Saudi Fund In Talks With Boeing And Airbus For New Cargo Airline

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Saudi Fund in Talks with Boeing and Airbus for New Cargo Airline. ✈️ Saudi Arabia’s Public Investment Fund is in early discussions to acquire Boeing and Airbus freighters for a new cargo airline aimed at positioning the kingdom as a logistics hub. The new operation would support Saudia and startup Riyadh Air, as Saudi Arabia seeks to rival Dubai and Doha in the global air freight market. Bloomberg reports.

☁️ CloudCore: AMD to buy ZT systems in $4.9 billion challenge to Nvidia. Yahoo Finance reports.

🎥 Karamegic: Disney names veteran producer Almin Karamehmedovic president of ABC News. Reuters reports.

🛒 Payzon: Amazon considers moving Amazon Pay into a standalone app in India. Yahoo Finance reports.

🚗 GMSwift: GM lays off more than 1,000 salaried software and services employees. CNBC reports.

🛠️ StellanStrike: UAW workers at Stellantis prepare to file grievances, may strike. Reuters reports.

🌪️ ElliottStorm: Southwest digs in for boardroom battle with Elliott. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $TGL: Treasure Global
Total gain: +218.96%

2. $PITA: Heramba Electric
Total gain: +126.66%

3. $TTNP: Titan Pharma
Total gain: +106.77%

4. $TANH: Tantech Hldgs
Total gain: +32.3%

5. $ASNS: Actelis Networks
Total gain: +28.46%

* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.

RETAIL STOCKS:

Last week, Walmart reported strong earnings, and news that retail sales surged and jobless claims fell showed that consumers are still spending and the labor market is strong.

Last week’s reports are from Lowe’s on August 13, followed by Target and TJX on August 14. Dollar Tree and Ross Stores report on August 15. The SPDR S&P Retail ETF has climbed 7% in 2024, lagging behind the S&P 500 index’s 16% year-to-date surge.

Keep a close eye on these retail earnings this week, as they could determine the near-term market direction.

The closing price of the top three market percent gainers trading near or above $3 on August 19.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $ALZN: Alzamend Neuro
Total gain: +189.23%
The company announced its partnership with Massachusetts General Hospital as the contract research organization to conduct a first-of-its-kind Phase II clinical study of AL001 for the treatment of PTSD patients. Benzinga reports.

2. $NCNA: NuCana
Total gain: +172.57%
The stock appeared to be moving on no notable news.

3. $VRAX: Virax Biolabs Group
Total gain: +140.38%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

KEYS: Keysight Technologies
3Q 2024
After Market Close
Estimate: 1.350
Actual: N/A

ZTO: ZTO Express (Cayman)
2Q 2024
After Market Close
Estimate: 0.450
Actual: N/A

ALC: Alcon
2Q 2024
After Market Close
Estimate: 0.730
Actual: N/A

Time (ET) / Report / Period

1:35 pm - Atlanta Fed President Raphael Bostic speech
2:45 pm - Fed Vice Chair for Supervision Michael Barr speech

“The successful investor is usually an individual who is inherently interested in business problems.”

― Philip FisherSourced in:
“Common Stocks and Uncommon Profits”, by Philip Fisher, published in 1958