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DOGEUSD

ETHUSD

SOLUSD

The announcement of a new Shiba Inu puppy, Neiro, by the owner of the original Dogecoin meme coin dog, Kabosu, has led to a surge in Neiro-themed token creation on the Solana blockchain. This has resulted in significant trading activity and market capitalization for some tokens, pushing Solana's transaction volume above Ethereum's. Kabosu's owner has distanced herself from these tokens, warning of potential scams.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 2:49 pm

ARKX

LMT

NOC

UFO

SpaceX is negotiating with U.S. and Australian officials to land and recover its Starship rockets off the coast of Australia, marking a potential expansion in the region. This initiative aligns with strengthened security ties between the countries and could enhance bilateral space defense collaborations.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 2:49 pm

BABA

Alibaba Cloud has announced a significant price hike for its domain name auction platform, citing rising costs and intense AI competition. The company will also shut down data centers in India and Australia as part of an infrastructure strategy update. Despite holding a significant market share, Alibaba's stock has underperformed, losing over 23% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 2:47 pm

BTCUSD

IWM

Prominent macro trader Alex Krüger suggests that political developments, particularly Kamala Harris's performance in polls, are influencing Bitcoin and small-cap stocks. He identifies a 'Trump trade' (long Bitcoin, long small caps) and a 'Kamala trade' (the opposite). Crypto chart analyst Ali Martinez and trader Jelle provide additional insights into Bitcoin's market behavior.

Portfolio Pulse from Khyathi Dalal

July 30, 2024 | 2:47 pm

SAVE

Spirit Airlines shares are trading higher after the company announced a low-fare travel with new premium offerings.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:44 pm

PMN

ProMIS Neurosciences shares are trading lower after the company presented preclinical data at the 2024 Alzheimer's Association International Conference.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:43 pm

SOFI

SoFi CEO Anthony Noto stated in a Bloomberg TV interview that the company is focusing on enhancing its financial services capabilities. He also mentioned that SoFi's savings rates will remain competitive even if there are rate cuts.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:36 pm

BA

HWM

Howmet Aerospace's CEO announced an updated assumed 737 build rate to 22 aircraft per month in 2024, up from the previous view of 20 per month. There is also potential for increasing demand for new IGT turbines.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:35 pm

GLW

LUMN

Corning Inc (NYSE:GLW) reported a fiscal Q2 2024 core sales growth of 4% YoY to $3.60 billion, beating estimates. Core EPS of $0.47 also surpassed expectations. Despite this, the stock dropped 8.6% due to lower-than-expected Q3 guidance. Key segments showed mixed performance, with strong growth in Optical Communications and Specialty Materials, but declines in Environmental Technologies and Hemlock. CEO highlighted new optical connectivity products for generative AI and a new agreement with Lumen Technologies Inc (NYSE:LUMN).

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 2:33 pm

SAVE

Spirit Airlines has announced new premium offerings starting August 2024, including Go Big, Go Comfy, Go Savvy, and Go Options, with no change or cancel fees. These changes will begin on August 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:33 pm