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COIN

ETH

UNI

Circle has launched the euro-backed stablecoin EURC on the Base mainnet, an Ethereum Layer 2 network. This move aims to enhance liquidity and accessibility for euro-denominated transactions. Key industry players like Coinbase and Uniswap Labs have pledged support for EURC, which complies with the EU's MiCA regulation.

Portfolio Pulse from Murtuza Merchant

August 01, 2024 | 5:41 pm

META

Meta Platforms Inc (NASDAQ:META) received higher price targets from multiple analysts following its strong Q2 results, driven by its AI initiatives. Analysts highlighted the potential for continued growth and profitability, though some expressed concerns about rising capital expenditures.

Portfolio Pulse from Chris Katje

August 01, 2024 | 5:36 pm

TRI

Thomson Reuters Corp (NYSE: TRI) reported Q2 2024 revenue growth of 6% year-on-year to $1.74 billion, slightly missing analyst estimates. Adjusted EPS of $0.85 beat expectations. Despite positive earnings, the stock price slid. The company confirmed its 2024 investment plans and highlighted AI potential.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 5:26 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has partnered with Cogent International Manufacturing Ltd. to launch a new CBD lozenge on Aurora's Canadian medical marijuana patient platform. This collaboration aims to leverage patient feedback and real-world data for future product validation and analysis. The initial term of the agreement is 24 months, with the first product launch expected in late 2024. Aurora's shares traded 0.81% higher at $6.20 following the announcement.

Portfolio Pulse from Nina Zdinjak

August 01, 2024 | 5:26 pm

REGN

SNY

Regeneron Pharmaceuticals (NASDAQ: REGN) reported strong Q2 earnings, with adjusted EPS of $11.56 and sales of $3.55 billion, both exceeding estimates. Key drivers were Eylea HD, Dupixent, and Libtayo. Dupixent sales, recorded by Sanofi (NASDAQ: SNY), significantly contributed to Regeneron's revenue.

Portfolio Pulse from Vandana Singh

August 01, 2024 | 5:23 pm

DASH

IYG

JPM

XLF

JPMorgan Chase (JPM) has expanded its partnership with DoorDash (DASH) to offer new grocery benefits for Chase cardholders. Despite this, JPM shares are trading lower. The partnership includes ongoing benefits for grocery orders and a free DashPass membership. Last month, JPM reported strong Q2 earnings. Investors can also gain exposure via ETFs like IYG and XLF.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 5:20 pm

AAPL

QCOM

Qualcomm reported higher-than-expected Q3 revenues and earnings, driven by strong performance in the Auto and IoT segments. Despite this, shares fell due to concerns over the impact of Huawei export restrictions. Analysts provided mixed ratings and price targets, highlighting both the company's strengths and challenges.

Portfolio Pulse from Priya Nigam

August 01, 2024 | 5:20 pm

ALXO

ATEC

EXAS

OMCL

RDHL

VWE

U.S. stocks traded lower with the Dow Jones index dipping over 500 points. The ISM manufacturing PMI fell to 46.6 in July, below market estimates. RedHill Biopharma, Exact Sciences, and Omnicell saw significant stock price increases due to positive news, while Vintage Wine Estates, ALX Oncology, and Alphatec Holdings experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 5:18 pm

AAPL

AAPU

AAPX

FTEC

IYW

VGT

Apple Inc. (NASDAQ:AAPL) is offering discounts and gift cards to college students through its Higher Education Offer, running globally from June to October. The promotion includes discounts on Mac computers, iPad tablets, and AppleCare services. Apple is set to release its Q3 earnings soon. ETFs holding Apple stock also saw gains.

Portfolio Pulse from Michael Juliano

August 01, 2024 | 4:52 pm

LGVN

Longeveron has been granted Australian Patent Number 2017213812 for 'Mesenchymal Stem Cells As Vaccine Adjuvants And Methods For Using The Same'.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 4:51 pm