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TCOM

Trip.com Group Ltd (NASDAQ:TCOM) shares are trading higher by 4.1% to $47.25 after China lowered key interest rates, which is expected to boost economic activity and travel demand. This could lead to increased bookings and revenue for Trip.com.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 3:22 pm

AAL

DAL

UAL

Delta Air Lines (NYSE:DAL) shares are trading lower after canceling over 600 flights on Monday due to a global cyber outage. The airline continues to face significant disruptions, with 16% of its flights canceled by 7:00 a.m. EST. Secretary of Transportation Pete Buttigieg criticized Delta for inadequate customer service and demanded proper assistance and refunds for affected passengers. Comparatively, American Airlines (NASDAQ:AAL) and United Airlines (NASDAQ:UAL) have mostly recovered, canceling only 1% and fewer than 1% of their flights, respectively.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 3:10 pm

GE

GE Aerospace has signed a Memorandum of Understanding (MOU) with Turkish Aerospace and Tusaş Engine Industries Inc. to evaluate and collaborate on integrating GE Aerospace's F404 engine into new Hürjet aircraft variants.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:08 pm

RDDT

Reddit shares are trading higher following a report suggesting the company has made deals with major sports leagues to get content to its site and draw advertisers.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:06 pm

AMD

AMD and Samsung Electro-Mechanics (SEMCO) have announced a collaboration to supply high-performance substrates for hyperscale data center computing. These substrates will be produced in SEMCO's technology hub in Busan and a new factory in Vietnam. The semiconductor substrate market is expected to grow significantly, with SEMCO investing heavily in its manufacturing capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:03 pm

NTES

NetEase Inc (NASDAQ:NTES) shares are trading higher by 2.74% to $93.85 amid strength in Chinese stocks following China's decision to lower key interest rates. Lower interest rates reduce borrowing costs for consumers and companies, potentially increasing consumer spending and allowing companies like NetEase to finance expansion at a lower cost.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 3:03 pm

BA

Boeing projects a global need for nearly 2.4 million new commercial pilots, technicians, and cabin crew through 2043 to sustain the expanding global commercial fleet. The 2024 Pilot and Technician Outlook highlights the significant demand for aviation personnel over the next 20 years.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:01 pm

AAPL

NFLX

Apple Inc (NASDAQ:AAPL) is adjusting its Hollywood strategy to cut costs on original shows after spending over $20 billion with limited success. The company plans to control project spending and cancel underperforming series faster. Apple TV+ captures only 0.2% of TV viewing in the U.S., significantly lower than competitors like Netflix Inc (NASDAQ:NFLX).

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 2:57 pm

AAPL

CRWD

MSFT

CrowdStrike Holdings, Inc (NASDAQ:CRWD) experienced a significant stock price drop following a failed software update that disrupted Microsoft Corp (NASDAQ:MSFT) systems, affecting critical global services. Several analysts downgraded CrowdStrike, citing concerns over pricing, renewals, and potential litigation. Despite the outage, some analysts remain optimistic about CrowdStrike's long-term prospects.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 2:51 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to release its second-quarter earnings report on July 23. Market strategist Jay Woods highlights that Tesla's stock is up 31% in the last month but has not reached its all-time highs. Woods emphasizes that Tesla is more of a technology and Elon Musk story rather than just an EV story. The delay of the Aug. 8 robotaxi event to October and potential political changes could impact the EV market. However, Tesla's innovative edge and Musk's leadership are key reasons to invest.

Portfolio Pulse from Chris Katje

July 22, 2024 | 2:50 pm