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SBUX

Starbucks opened 526 net new stores in Q3, ending the period with 39,477 stores, of which 52% are company-operated and 48% are licensed.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:06 pm

META

Meta has decided to discontinue its celebrity AI chatbots after they failed to gain traction with users. This move reflects the company's ongoing adjustments in its AI strategy.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:00 pm

QCOM

Qualcomm is set to report its Q3 earnings on July 31, with key focus areas being AI, automotive, and smartphone revenue. Analysts expect revenue of $9.22 billion and EPS of $2.25. The company has a strong track record of beating estimates. Despite a recent 14% share price drop, analysts see this as a good entry point, with several raising their price targets.

Portfolio Pulse from Chris Katje

July 30, 2024 | 7:56 pm

NOC

Northrop Grumman's GEM 63 solid rocket boosters successfully launched the USSF-51 mission aboard an Atlas V rocket, providing significant thrust and additional components for the launch vehicle.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:50 pm

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading flat and have been volatile after reporting better-than-expected Q2 financial results. Despite beating revenue and earnings estimates, the stock is down 7% in July. The volatility may be linked to the semiconductor sector's pullback, which could impact Google's infrastructure and product offerings.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 7:43 pm

GS

Goldman Sachs CEO David Solomon hinted at Bitcoin's potential as a 'store of value' during an interview, while the bank continues to invest in digital assets and plans to initiate tokenization projects by 2024.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 7:18 pm

AMZN

NVDA

Goldman Sachs and RBC Capital analysts have reiterated their positive ratings on Amazon (AMZN) ahead of its Q2 earnings, citing strong eCommerce and cloud business performance, potential margin upside, and AI-driven growth. Amazon's GPU activity with Nvidia (NVDA) is also noted.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 7:11 pm

NAMS

NewAmsterdam Pharma (NASDAQ:NAMS) released positive topline data from its Phase 3 BROOKLYN trial for obicetrapib, showing significant LDL-C reduction in HeFH patients. Despite meeting primary endpoints, the stock experienced volatility, closing 8.35% lower. Analyst William Blair remains confident in the drug's potential, reiterating an Outperform rating.

Portfolio Pulse from Vandana Singh

July 30, 2024 | 7:10 pm

NVO

The FDA has issued a warning about the risks of overdoses and adverse events related to compounded semaglutide injectable products, such as Wegovy and Ozempic, which are not FDA-approved. These errors often result from incorrect dosing by patients and healthcare providers. Novo Nordisk's FDA-approved semaglutide products, including Wegovy, Ozempic, and Rybelsus, are designed to mitigate these risks.

Portfolio Pulse from Vandana Singh

July 30, 2024 | 7:02 pm

STLA

Stellantis has reaffirmed its commitment to Maserati and its entire portfolio of 14 brands, denying any intention to sell the Trident brand or aggregate Maserati with other Italian luxury groups.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:01 pm