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Ferrari is expanding its cryptocurrency payment options to European dealerships by the end of July, following a successful launch in the U.S. The luxury carmaker will accept Bitcoin, Ethereum, and USD Coin for vehicle purchases, aiming to implement this globally by the end of 2024.

Portfolio Pulse from Murtuza Merchant

July 24, 2024 | 3:20 pm

IBM

IBM is set to release its fiscal Q3 2024 financial results on July 24, with analysts expecting slight increases in earnings and revenue. The company recently secured a $26 million contract with USAID. Analysts have mixed ratings on IBM, with several lowering their price targets.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 3:19 pm

IRBO

LUMN

MSFT

RWJ

Microsoft Corporation (MSFT) is partnering with Lumen Technologies (LUMN) to enhance network capacity and support increased demand at its AI-driven datacenters. Lumen will leverage Microsoft Cloud for its digital transformation, expecting to increase cash flow by over $20 million next year. Investors can gain exposure to Lumen through ETFs like RWJ and IRBO.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 3:18 pm

KEYS

Keysight Technologies has completed the first Car Connectivity Consortium Digital Key Applet certification for NXP Semiconductors. This move strengthens the security of next-generation vehicles and expands Keysight's automotive security evaluation offerings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:00 pm

TSLA

Mexican President dismisses Elon Musk's comment about possibly not investing in Mexico, suggesting Musk has another business plan.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:44 pm

AMD

TSLA

AMD CEO Lisa Su posted on X about spending time with the Tesla team discussing AI, leadership, and their partnership. This indicates a strong collaboration between AMD and Tesla.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:30 pm

TCNNF

Caleb Counts, CEO of Connected Cannabis Co., discussed the company's journey from humble beginnings to becoming a celebrity favorite, with endorsements from artists like Travis Scott and ASAP Rocky. The company focuses on premium strains, sustainability, and expansion beyond California, including a key partnership with Trulieve Cannabis in Florida.

Portfolio Pulse from Patricio Liddle

July 24, 2024 | 2:12 pm

PLNH

Planet 13 Holdings Inc. (OTCQX:PLNH) is expanding beyond cannabis by launching a non-cannabis lifestyle brand and sponsoring MMA star Chito Vera. This move aims to increase brand awareness and create additional revenue streams.

Portfolio Pulse from Jelena Martinovic

July 24, 2024 | 1:45 pm

GM

General Motors (NYSE:GM) reported a $210 million loss in its joint venture with China's SAIC General Motors Corporation for the first half of the year. Despite efforts to restructure, GM CEO Mary Barra indicated that the rest of the year will remain challenging. However, GM's overall fiscal second-quarter sales grew by 7.2% year-on-year, beating analyst estimates.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 1:35 pm

IBIT

A Bitcoin-oriented startup has launched the 'Unbound Fund,' allowing Bitcoin holders to acquire Portuguese citizenship by investing €500,000 ($542,000) in BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT). This fund combines cryptocurrency investment with the benefits of European residency and citizenship.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 1:20 pm