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GLD

SLV

Gold and silver are trading higher due to Middle East tensions and the Federal Reserve's decision and comments from Fed Chair Powell. This could support safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:33 pm

USO

Oil prices are trading higher due to escalating tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:29 pm

SOUN

STLA

SoundHound AI Inc. (NASDAQ:SOUN) is expanding its AI technology across multiple sectors, including automotive and hospitality. The company has launched its Chat AI voice assistant with six major European automotive brands and has a significant partnership with Stellantis NV (NYSE:STLA). SoundHound AI is also making strides in the restaurant industry, with over 10,000 locations using its technology. The company aims to tap into a $100 billion TAM in North America with its multi-industry approach and three-pillar revenue strategy.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 7:21 pm

SPY

Fed Chairman Jerome Powell stated that the Federal Reserve is not actively pursuing the issuance of a Central Bank Digital Currency (CBDC) and does not have the authority to do so. The Fed is merely keeping up with developments and evaluating the situation.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:18 pm

AMC

DIS

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading higher due to favorable developments, including record-breaking weekend attendance and admissions revenue, and strong preliminary second-quarter financial results. The opening weekend of Walt Disney Co's (NYSE:DIS) 'Deadpool & Wolverine' contributed significantly to AMC's performance.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 7:12 pm

VCNX

Vaccinex shares are trading lower after the company announced results of its early stage SIGNAL-AD clinical trial of pepinemab antibody in Alzheimer's Disease (AD).

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:58 pm

ALMS

Alumis shares are trading higher after the company announced the initiation of the Onward Phase 3 clinical program for ESK-001.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:58 pm

PFE

Pfizer Inc. (NYSE:PFE) reported strong Q2 results with adjusted EPS of $0.60, beating the consensus of $0.46, and sales of $13.28 billion, surpassing the $13.02 billion estimate. Analysts from Truist Securities, Goldman Sachs, BMO Capital Markets, and Cantor Fitzgerald praised Pfizer's diverse portfolio, cost-cutting initiatives, and strategic acquisitions, maintaining or raising their price targets. Despite patent concerns and COVID-19 revenue stabilization, analysts remain optimistic about Pfizer's future growth.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 6:56 pm

UAL

United Airlines is closely monitoring the situation and will prioritize customer and crew safety when deciding on resuming its Tel Aviv service.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:48 pm

UAL

United Airlines has suspended its daily flights from the U.S. to Tel Aviv due to security concerns.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:46 pm