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APLT

William Blair initiated coverage on Applied Therapeutics Inc. (NASDAQ:APLT), highlighting its lead candidate govorestat's blockbuster potential and predicting a 140% stock upside. The analyst gave an Outperform rating with a fair value estimate of $14 per share. The FDA extended the review period for govorestat by three months, with a potential market launch in 2025. Applied Therapeutics is also developing AT-001 for diabetic cardiomyopathy, which has significant market potential. The company has sufficient funds to operate into 2026.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 6:38 pm

SONY

Sony Group Corp. (NYSE:SONY) has signed a multi-year agreement with the NFL to become its official technology and headphones partner, replacing Bose. The deal includes producing official NFL headsets debuting in 2025 and expanding the use of Sony's Hawk-Eye Innovations in officiating. Verizon Communications Inc (NYSE:VZ) branding will appear on headsets for international series games and the Super Bowl.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 6:28 pm

AMD

INTC

NVDA

AMD's Q2 earnings exceeded expectations, with earnings per share of $0.69 and sales of $5.835 billion. Analysts have mixed reactions, with optimism about AI and data center growth tempered by concerns over rising costs and competitive pressures. Price targets have been adjusted by several analysts.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 6:26 pm

GNRC

A tropical wave in the Atlantic Ocean may strengthen into a tropical storm as it approaches the U.S. coastlines, particularly Florida and the Carolinas. Companies involved in electric generators and retail showed mixed stock performances in response.

Portfolio Pulse from Michael Juliano

July 31, 2024 | 6:26 pm

FSLR

First Solar (NASDAQ:FSLR) reported strong Q2 2024 results, beating revenue and EPS estimates. Analysts have mixed views on the stock due to policy uncertainties and customer caution ahead of the U.S. elections. Despite these challenges, First Solar is expected to benefit from data center demand and potential ASP adders in the future.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 6:25 pm

AMD

AVGO

NVDA

QCOM

TXN

A new Biden administration rule expanding U.S. powers to stop semiconductor manufacturing equipment exports to China is seen as a positive for the chip sector. The rule aims to restrict exports from certain foreign countries to China, benefiting U.S. chipmakers. Stocks of major U.S. chip companies like Nvidia, Broadcom, AMD, Texas Instruments, and Qualcomm saw significant gains following the news.

Portfolio Pulse from Michael Juliano

July 31, 2024 | 6:22 pm

HUMA

Humacyte shares are trading higher following the announcement of topline results from its V007 Phase 3 trial of Acellular Tissue Engineered Vessel.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:17 pm

CMCSA

DKNG

Simone Biles helped Team USA win gold in the 2024 Summer Olympics team all-around gymnastics event. She and Suni Lee will compete in the individual all-around championship, with Biles favored to win. DraftKings provides betting odds, and the event will be broadcast on NBC and Peacock, potentially benefiting Comcast.

Portfolio Pulse from Chris Katje

July 31, 2024 | 6:15 pm

RDWR

Radware shares are trading higher following the release of better-than-expected Q2 financial results and the announcement of the launch of Radware EPIC-AI.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:12 pm

BUYZ

BYDDY

IYT

UBER

Uber Technologies, Inc. (NYSE:UBER) and BYD Co. Ltd. (OTC:BYDDY) have announced a multi-year strategic partnership to add 100,000 new BYD electric vehicles to the Uber platform in key global markets. The initiative aims to lower the total cost of EV ownership for Uber drivers and boost global EV adoption. The partnership will start in Europe and Latin America and later expand to other regions. UBER stock has risen over 30% in the last twelve months, and investors can gain exposure via IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and Franklin Disruptive Commerce ETF (BATS:BUYZ).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:57 pm