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BABA

Jefferies released a note indicating that Alibaba's new service fee arrangement for Taobao and Tmall is positive for the company. The note highlights that service fees applied to Taobao, which represents about 50% of total GMV, and higher fees for Tmall merchants with large GMV scales, will benefit Alibaba's revenue.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:32 pm

BUYZ

IYT

UBER

Uber Technologies shares are trading lower today after the California Supreme Court upheld Proposition 22, allowing rideshare companies to classify drivers as independent contractors. This ruling is seen as a significant win for the ride-hailing industry, ensuring drivers' contractor status while providing some benefits. Uber's stock has risen 38% in the last twelve months, and investors can gain exposure through ETFs like IShares U.S. Transportation ETF (IYT) and Franklin Disruptive Commerce ETF (BUYZ).

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 4:25 pm

MELI

Whales are showing a bullish stance on MercadoLibre (NASDAQ:MELI) with significant options activity. Over the past month, 15 trades were detected, with a mix of calls and puts. The price target for MELI ranges from $1210 to $2000. The stock is currently trading at $1650.33, up by 1.55%, with a neutral RSI. The next earnings report is due in 6 days.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 4:15 pm

XPEV

XPeng shares are trading higher after the company's Chairman & CEO announced plans to launch a 'highly competitive' Robotaxi in 2026.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:09 pm

TSLA

XPEV

XPENG Motors' CEO Xiaopeng He announced on LinkedIn that the company plans to launch a highly competitive Robotaxi in 2026. Unlike Tesla, XPENG will not handle operations but will collaborate with partners. More details will be shared at the XPENG Smart AI Technology Press Conference on July 30.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:05 pm

DXCM

DexCom Inc (NASDAQ:DXCM) reported strong Q2 sales and EPS but lowered its 2024 sales guidance, leading to a stock decline. Despite short-term challenges, analysts remain optimistic about long-term growth prospects due to market expansion and product portfolio.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 3:59 pm

DIS

WBD

Disney and Warner Bros. Discovery have launched a new streaming bundle in the U.S., combining Disney+, Hulu, and Max, to reduce churn rates and increase engagement. The bundle offers significant savings compared to purchasing the services separately. This move is crucial for Warner Bros. Discovery, which recently lost its NBA broadcasting rights.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 3:55 pm

BNBUSD

BTCUSD

CROUSD

Elon Musk's social platform X has removed emojis associated with Bitcoin and other cryptocurrencies from hashtags. This change was not announced officially, and it has affected hashtags like #bitcoin, #bnbchain, and #cryptocom. The removal comes ahead of the Bitcoin 2024 conference in Nashville.

Portfolio Pulse from Murtuza Merchant

July 26, 2024 | 3:51 pm

AMD

AVGO

INTC

NVDA

QCOM

QQQ

VOO

AI chip stocks including Nvidia, AMD, Broadcom, and Qualcomm are rebounding after a selloff due to geopolitical tensions and poor Big Tech earnings. Nvidia supplier SK Hynix reported record profits, and China’s subsidies for new energy vehicles and consumer electronics are providing additional support. Analyst Christopher Rolland maintained a Positive rating on AMD with a $200 price target, citing potential gains in server CPU revenue and enterprise adoption. Investors can also gain exposure through ETFs like Vanguard S&P 500 ETF and Invesco QQQ Trust.

Portfolio Pulse from Anusuya Lahiri

July 26, 2024 | 3:49 pm

ALPMY

Astellas Pharma has received a positive opinion from the CHMP for its drug zolbetuximab, which targets CLDN18.2, for the treatment of advanced gastric and gastroesophageal junction cancer. If approved by the European Commission, it would be the first CLDN18.2-targeted therapy in the EU, with a decision expected by October 2024.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 3:48 pm