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GM

General Motors (GM) announced an indefinite delay for its Cruise Origin project and recognized $631 million in non-cash charges before noncontrolling interest for the three months ended June 30.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:38 pm

CRWD

S

SentinalOne shares are trading higher, likely due to continued strength following a global outage caused by a CrowdStrike software update last week.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:38 pm

CCL

Carnival Corporation (NYSE:CCL) shares are trading higher after announcing an order for three new LNG-powered ships. The company has placed five new ship orders in 2024 and is transferring five vessels from sister brands to increase guest capacity. Truist Securities maintained a Hold rating and raised its price target to $20.

Portfolio Pulse from Erica Kollmann

July 23, 2024 | 7:27 pm

BDX

The CDC has issued a health alert regarding a critical shortage of Becton Dickinson's Bactec blood culture media bottles. This shortage could disrupt patient care by causing delays in diagnosis, misdiagnosis, or other challenges.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:24 pm

AMZN

Amazon shares are trading higher following reports of significant changes in its Echo devices business strategy and broader company initiatives. The company plans to introduce a paid tier for Alexa and integrate conversational generative AI into the device. Analysts remain optimistic about Amazon's future, maintaining high price targets.

Portfolio Pulse from Vaishali Prayag

July 23, 2024 | 7:18 pm

BDX

EMBC

NVO

Embecta Corp (NASDAQ:EMBC), a manufacturer of insulin devices, is considering a potential sale after a 70% share decline since its spin-off from Becton Dickinson (NYSE:BDX). The decline is attributed to the impact of GLP-1 drugs like Novo Nordisk's (NYSE:NVO) Ozempic, reducing demand for traditional insulin treatments. Embecta has engaged Centerview Partners to explore a sale. Despite challenges, CEO Devdatt Kurdikar remains optimistic about future growth opportunities.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 7:05 pm

SHIBUSD

Shiba Inu (SHIB) burn rate has surged by 1,947% in the past 24 hours, removing 60.2 million coins from circulation. This elevated burn rate has made traders bullish on SHIB's price performance. Large transaction volumes have increased by 269%, while daily active addresses have dropped by 17.7%. Shiba Inu's marketing lead predicts a bullish momentum for altcoins.

Portfolio Pulse from Khyathi Dalal

July 23, 2024 | 7:05 pm

AZN

MRK

PFE

Merck's investigational RSV treatment, clesrovimab, met its primary safety and efficacy endpoints in a late-stage study, positioning it as a competitor to Sanofi/AstraZeneca's Beyfortus and Pfizer's Abrysvo. Detailed findings will be presented at a scientific congress, and Merck plans to file the data with global regulatory authorities.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 7:04 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to announce its Q2 earnings after market close this Tuesday. The stock has shown a solid recovery, increasing 27% in July after a 10% rise in June. Analysts estimate an EPS of $0.60 for Q2, reflecting cautious optimism. Key points include the progress of the 'CyberCab' robotaxi initiative and concerns about automotive gross margins due to recent price cuts and workforce reductions.

Portfolio Pulse from Zaheer Anwari

July 23, 2024 | 6:51 pm

RBLX

Roblox Corporation (RBLX) posted a cryptic message on X (formerly Twitter) stating 'Almost time,' which has generated speculation about potential upcoming announcements or events.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:47 pm