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AMZN

WMT

Amazon is expected to surpass Walmart as the largest US retailer this year, driven by strong Prime Day sales and increased efficiencies. Analysts project significant growth in Amazon's sales and margins.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 7:53 pm

AMZN

Analysts are optimistic about Amazon (NASDAQ:AMZN) heading into Q2 earnings, citing AWS growth, margin expansion, and retail share gains. Prime Day is expected to boost Q3 results, while Q2 earnings are anticipated to reflect positive trends in AI and cost controls.

Portfolio Pulse from Adam Eckert

July 16, 2024 | 7:38 pm

BTCUSD

ETHUSD

Crypto trader CrediBULL Crypto discussed potential scenarios for Bitcoin and Ethereum, suggesting ideal buy zones and possible price movements. Bitcoin and Ethereum have seen recent gains, but traders advise caution until certain price levels are reached.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 7:37 pm

PSN

BAE Systems has awarded Parsons Corporation a $15.4 million contract to modernize the Radford Army Ammunition Plant. Parsons will prepare preliminary design packages over a two-year period.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:19 pm

DGLY

Digital Ally has been granted U.S. Patent #12036013 for a breath analyzer system and computer program designed to authenticate, preserve, and present breath analysis data.

Portfolio Pulse from charles@benzinga.com

July 16, 2024 | 7:19 pm

BCDA

BioCardia has been granted U.S. Patent Number 12,036,371 for a method of accessing the left atrium with a multi-directional steerable catheter.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:15 pm

ALC

JNJ

RXST

Johnson & Johnson (NYSE: JNJ) is set to report its Q2 earnings on July 17. Analysts expect a revenue decline to $22.31 billion from $25.53 billion YoY and EPS of $2.70, down from $2.80. The company has a strong track record of beating estimates. Key areas to watch include the performance of the psoriasis drug Stelara and the medical devices segment. Analysts have mixed views, with Goldman Sachs maintaining a Neutral rating and a $160 price target.

Portfolio Pulse from Chris Katje

July 16, 2024 | 7:07 pm

GOOG

URAA

Rising energy demands from AI and data centers are increasing interest in uranium, despite recent price declines. The Direxion Daily Uranium Industry Bull 2X Shares (URAA) ETF, which offers leveraged exposure to uranium prices, has shown volatility since its launch. Alphabet Inc (GOOG) is also highlighted for its significant energy consumption in AI operations.

Portfolio Pulse from Joshenomoto@benzinga.com

July 16, 2024 | 6:52 pm

CYBN

DRUG

ENVB

MNMD

SEEL

A coalition of prominent researchers has urged the FDA to approve MDMA-based therapy for PTSD, highlighting its proven safety and efficacy. This comes as the FDA is set to rule on Lykos Therapeutics' MDMA therapy by August 11. The paper emphasizes the urgent need for effective PTSD treatments, citing high suicide rates among U.S. military veterans.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:51 pm

LGMK

LogicMark has been granted a US patent for a system and method for fall detection using multiple sensors, including barometric or atmospheric pressure sensors.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:44 pm