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NXPI

TXN

JP Morgan analyst Harlan Sur reiterated an Overweight rating on Texas Instruments (TXN) with a price target increase to $230. The company showed solid June quarter results, indicating a cyclical recovery. Key markets like Auto and Industrial are recovering, and China has rebounded strongly. Texas Instruments guided a 7% Q/Q sales increase for the September quarter, aligning with seasonal trends. The company is expanding its manufacturing footprint and expects modest gross margin expansion by year-end.

Portfolio Pulse from Anusuya Lahiri

July 24, 2024 | 6:23 pm

BTCUSD

Bitcoin's recent sideways trading has frustrated investors, but a technical buy signal from the weekly hash ribbons indicator suggests a potential price surge. Historical patterns indicate that Bitcoin could see significant gains if it breaks its all-time high. However, the market remains volatile and unpredictable.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 6:18 pm

GOOG

GOOGL

MSFT

Microsoft has introduced Bing Generative Search, a new feature aimed at enhancing search capabilities using generative AI. This move positions Microsoft to compete more effectively with Google in the search engine market.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:05 pm

CRM

QQQ

SPY

WDAY

Salesforce (CRM) shares are down 2.1% despite announcing a partnership with Workday (WDAY) to develop an AI employee service agent. The decline is attributed to a broader market selloff affecting tech stocks, including the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ). Economic concerns such as rising unemployment claims and stagnant retail sales also contribute to the mixed outlook.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 5:51 pm

CRWD

MSFT

Microsoft has no plans to limit Crowdstrike's access to the Windows operating system following a global tech outage.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:37 pm

KKR

NXTV

PKW

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) and KKR & Co. Inc. (NYSE:KKR) have formed a joint venture to acquire Metronet's broadband infrastructure, residential fiber operations, and customer base. T-Mobile will invest $4.9 billion for a 50% stake in the JV, enhancing its 5G Home Internet and fiber partnerships. The deal is expected to close in 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 5:31 pm

GRMN

SNSR

TXT

UFO

Garmin Ltd. (NYSE:GRMN) has announced a partnership with Arctic Cat Inc., a subsidiary of Textron Inc. (NYSE:TXT), to integrate high-tech displays into 2025 snowmobile models. This collaboration has positively impacted Garmin's stock, which has gained over 64% in the past year. Investors can also gain exposure to Garmin through ETFs like Global X Internet Of Things ETF (NASDAQ:SNSR) and Procure Space ETF (NASDAQ:UFO).

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 5:17 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) reported strong Q2 earnings with revenue of $84.742 billion and earnings of $1.89 per share, beating analyst estimates. Analysts remain positive on the stock, highlighting the impact of generative AI on Search and Cloud growth. Despite a 4.52% drop in stock price, analysts from BMO Capital Markets, RBC Capital Markets, and JMP Securities maintained Outperform ratings and raised price targets, citing sustainable growth and cost efficiencies driven by AI.

Portfolio Pulse from Adam Eckert

July 24, 2024 | 5:17 pm

Boeing (NYSE:BA) shares are trading lower on Wednesday ahead of its earnings release next week. Analysts estimate a loss of $1.76 per share and revenue of $17.26 billion for the 2024 fiscal year second quarter. Recent events include a plea deal with the DOJ, FAA grounding of 737 MAX jets, and new orders from Qatar Airlines and Macquaire AirFrance.

Portfolio Pulse from Dylan Berman

July 24, 2024 | 5:10 pm

BSX

Boston Scientific Corporation (NYSE:BSX) reported strong Q2 earnings, with revenues of $4.12 billion and an adjusted EPS of $0.62, both beating consensus estimates. The company raised its 2024 guidance, forecasting net sales growth of 13.5%-14.5% and adjusted EPS of $2.38-$2.42. Despite the positive results, BSX stock was trading lower by 1.95%.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 4:53 pm