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AMC

DIS

Disney shares are trading higher due to the strong box office performance of 'Deadpool & Wolverine,' which set IMAX records and achieved an all-time opening weekend record for an R-rated film. AMC Entertainment also benefited from the film's success, with it becoming their highest revenue-generating merchandise program of the year. Disney is set to report its third-quarter earnings on August 7th.

Portfolio Pulse from Vaishali Prayag

July 29, 2024 | 5:51 pm

TSLA

Piper Sandler analyst Alexander Potter has maintained an Overweight rating on Tesla Inc (NASDAQ:TSLA), highlighting the latest version of Tesla’s Full Self-Driving (FSD) technology as 'revolutionary.' Potter believes FSD is crucial for Tesla's future, with a price target of $300 per share. Despite recent weak quarters and a 7% year-to-date decline in stock price, the analyst sees FSD as a major driver of future revenue and margin expansion.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 5:42 pm

AAPL

Bank of America analyst Wamsi Mohan reiterated a Buy rating for Apple Inc (NASDAQ:AAPL) with a price target of $256 ahead of its Q3 earnings report on August 1. Mohan predicts slightly higher-than-expected revenue and EPS, and highlights the importance of AI, Chinese market share, and services revenue. Apple’s new AI initiative, 'Apple Intelligence,' is expected to drive an upgrade cycle and boost revenue.

Portfolio Pulse from Hayden Buckfire

July 29, 2024 | 5:35 pm

META

Meta Platforms announced that the Meta Quest V68 software update will begin rolling out today.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:35 pm

CSCO

HPE

JNPR

Hewlett Packard Enterprise (HPE) is set to receive EU antitrust approval for its $14 billion acquisition of Juniper Networks (JNPR). The deal, announced in January, aims to enhance HPE's product offerings amidst the rise in AI-driven services. The European Commission's decision is expected by August 1, and the U.K.'s antitrust authority will decide by August 14. HPE shares are currently trading lower by 1.49%.

Portfolio Pulse from Shivani Kumaresan

July 29, 2024 | 5:34 pm

BTCUSD

DOGEUSD

Elon Musk shared his thoughts on cryptocurrency, expressing a fondness for Dogecoin and acknowledging some merit in Bitcoin. He clarified that he won't be promoting crypto seriously and refuted claims of discussing crypto with Donald Trump. Musk's comments come after the Bitcoin 2024 conference where Trump made bold promises regarding cryptocurrency policies.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 5:28 pm

LPTV

Loop Media shares are trading higher following the announcement of a content partnership with Red Bull to launch Red Bull TV channel across all out-of-home venues nationwide.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:23 pm

EXAS

GH

The FDA has approved Guardant Health's Shield blood test for colorectal cancer screening in adults aged 45 and older. Despite the approval, analysts are cautious about its adoption due to several limitations highlighted in the product label. Guardant Health's Shield will compete with Exact Sciences' Cologuard. GH stock rose by 5.42% following the news.

Portfolio Pulse from Vandana Singh

July 29, 2024 | 5:21 pm

AMD

MSFT

AMD is set to report its Q2 earnings, with analysts expecting revenue of $5.72 billion and EPS of 68 cents. Key factors include potential order cuts from Microsoft affecting MI300 revenue and guidance on the Data Center segment. Analysts have mixed views, with some warning of downside risks.

Portfolio Pulse from Chris Katje

July 29, 2024 | 5:20 pm

ICU

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) shares are trading higher after the company announced the first pediatric patient treatment with the newly launched Quelimmune therapy. Quelimmune, designed for pediatric patients with acute kidney injury and sepsis, is manufactured by SeaStar Medical Holding Corp (NASDAQ:ICU) and distributed by Nuwellis in U.S. pediatric hospitals. Roth MKM analyst Jonathan Aschoff initiated coverage on Nuwellis with a Buy rating and a $17 price target.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 5:13 pm