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GOOG

GOOGL

META

MSFT

Meta Platforms (NASDAQ:META) reported strong Q2 results, surpassing Wall Street estimates with a 22% YoY revenue growth to $39.07 billion and a 73% increase in net income to $13.47 billion. The company also raised its guidance for the current quarter. Meta's ad revenue grew 22%, outperforming Alphabet's 11% growth. Meta is heavily investing in AI infrastructure, with plans to release Llama 4 next year.

Portfolio Pulse from Upwallstreet

August 01, 2024 | 3:02 pm

GNNSF

JNJ

LEGN

Genscript Biotech Corp. (OTC:GNNSF) is considering selling its 48% stake in Legend Biotech (NASDAQ:LEGN) amid potential buyout offers. Legend's core cancer therapy, Carvykti, is expected to peak at $7.3 billion in annual sales. Despite Genscript's strong cash reserves, U.S. policy risks may influence its decision.

Portfolio Pulse from The Bamboo Works

August 01, 2024 | 2:52 pm

ETHUSD

SOLUSD

Bitcoin's sideways price action has traders uncertain about the arrival of an 'altcoin season.' Influencers and industry experts have mixed views on the future of altcoins, with some suggesting a buying opportunity and others predicting further declines. Ethereum ETFs and Bitcoin dominance are key factors to watch.

Portfolio Pulse from Khyathi Dalal

August 01, 2024 | 2:48 pm

MRNA

Moderna Inc (NASDAQ:MRNA) stock dropped significantly after the company lowered its 2024 sales guidance due to weaker demand for its COVID-19 vaccines, particularly in Europe. The company now projects 2024 net sales of $3 billion to $3.5 billion, down from the previous $4 billion estimate. Moderna also reported a second-quarter revenue decline and a net loss, although both figures surpassed consensus estimates.

Portfolio Pulse from Vandana Singh

August 01, 2024 | 2:46 pm

NVDA

Nvidia's stock surged nearly 13%, adding $330 billion to its market cap in one day, driven by Microsoft's increased AI spending. Despite this, Nvidia's stock was volatile in July, dropping 16% over the month. The stock's recent fluctuations highlight the cyclical nature of the market.

Portfolio Pulse from Zaheer Anwari

August 01, 2024 | 2:43 pm

SAVE

Spirit Airlines expects to have 67 jets parked due to engine issues by the end of 2025, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:23 pm

STLA

WKSP

General Motors (GM) reported strong Q2 financials, surpassing estimates and raising 2024 guidance. However, challenges in EV adoption and macroeconomic factors persist. Ford and Stellantis face similar issues. Worksport announced a solar-powered tonneau cover for GM, Ford, and Stellantis pickups.

Portfolio Pulse from Upwallstreet

August 01, 2024 | 2:18 pm

NFLX

Netflix has announced the release date for the highly-anticipated second season of 'Squid Game' on December 26, 2023. A third and final season is set to arrive in 2025. The series, which broke records for Netflix, will see the return of lead star Lee Jung-jae and other cast members, along with new additions.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:10 pm

HCKT

ORCL

The Hackett Group has partnered with Oracle to offer Hackett Pay Managed Services for Oracle Payroll, providing comprehensive payroll support including business process outsourcing, staff support, and best practices for payroll optimization.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:02 pm

JTAI

Jet.AI has launched DynoFlight 2.0, a web-based platform for aviation carbon management. The platform uses AI to sync fleet data, visualize emission levels, interrogate emissions, pay to remediate carbon emissions, and track compliance with NBAA standards.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:01 pm