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FANG

Diamondback Energy has increased its full-year production guidance and lowered its annual capital expenditure guidance due to significant operational efficiencies achieved in the first half of the year. The company drilled 80 wells and brought online 86 wells in Q2, achieving faster drilling rates and higher completion rates than initially budgeted.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:04 pm

BMRN

BioMarin Pharmaceutical Inc. (BMRN) announced plans to reduce operating expenses to achieve profitability for its gene therapy, ROCTAVIAN, by the end of 2025. The company will focus its commercial operations on the US, Germany, and Italy, while continuing to monitor and support treated patients.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:02 pm

BTCUSD

DOGEUSD

PEPEUSD

SHIBUSD

Crypto trader CryptoKaleo believes the 'memecoin supercycle' is still in play despite the recent crypto market crash. He predicts that as the dollar weakens, money will flow into equities, Bitcoin, and major blockchains, with retail investors gravitating towards meme coins. The meme coin market capitalization is currently $37 billion, down 13% in the past 24 hours. Despite recent corrections, meme coins like Dogecoin, Shiba Inu, and Pepe have shown significant long-term gains.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 7:48 pm

BTCUSD

Vice President Kamala Harris and former President Donald Trump have sparked debate in the cryptocurrency community with their differing views on Bitcoin and crypto policies. Harris's outreach to the crypto community is seen as political maneuvering by some, while Trump’s radical ideas on using Bitcoin to pay off national debt have been criticized by economists. Harris's potential anti-crypto running mate and Trump's past increase in national debt add complexity to their stances.

Portfolio Pulse from Abbey Higginbotham

August 05, 2024 | 7:45 pm

SAVA

Cassava Sciences, Inc. (NASDAQ:SAVA) shares are trading higher due to an upcoming conference call, extended trials for simufilam, and the passing of a long-time board member. Analysts expect an EPS loss of 40 cents.

Portfolio Pulse from Vaishali Prayag

August 05, 2024 | 7:44 pm

VOO

Vanguard has resolved an issue that was causing clients difficulties in accessing their accounts. The announcement was made via a post on X.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 7:42 pm

AMD

NVDA

Nvidia (NVDA) faces potential delays in its Blackwell architecture, but Goldman Sachs advises investors to stay the course, viewing any short-term stock volatility as a buying opportunity. The delay is not expected to impact Nvidia's 2025 earnings or market dominance. Meanwhile, AMD (AMD) might see a marginal positive impact as an alternative in Data Center GPUs.

Portfolio Pulse from Surbhi Jain

August 05, 2024 | 7:35 pm

AMD

GOOG

INTC

META

MSFT

NVDA

AMD shares are rebounding after a morning selloff in the semiconductor sector, driven by NVIDIA's significant drop due to a reported design flaw in its next-gen Blackwell accelerators. NVIDIA's response and strong demand for its current Hopper chips helped ease market concerns. The sector was also affected by weak performance reports from Intel.

Portfolio Pulse from Vaishali Prayag

August 05, 2024 | 7:34 pm

MSFT

Blizzard Entertainment, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), is launching a new AA studio focused on mid-level games and mobile integration. The studio will leverage former employees from King, another subsidiary of Activision Blizzard, to develop games centered around Blizzard’s established franchises like World of Warcraft, Overwatch, and StarCraft. This move aligns with Microsoft's broader strategy to explore cost-effective approaches and drive innovation within its gaming divisions.

Portfolio Pulse from Franca Quarneti

August 05, 2024 | 7:00 pm

BTCUSD

Renowned economist Peter Schiff dismissed Bitcoin as a possible reserve asset following an 18% drop over the past week, citing its high volatility and instability. However, other commentators argue that Bitcoin's volatility is a sign of its potential and growing pains as a revolutionary asset class. Schiff also noted that tech and crypto markets are pricing in a high probability of a 50-basis point rate cut in September, which has led to a 'buy-the-dip' reaction.

Portfolio Pulse from Khyathi Dalal

August 05, 2024 | 6:46 pm