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ADDYY

NKE

Adidas has increased its full-year guidance following better-than-expected Q2 results. The company assumes the sale of its remaining Yeezy inventory at cost, resulting in additional sales of around €150 million with no further profit contribution. Revenues grew 9% to €5.822 billion.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:53 pm

EV

RIO

SLX

Rio Tinto (NYSE:RIO) shares are down 2.4% after the company reported a 2% Y/Y decrease in second-quarter production due to a train collision. However, bauxite production increased by 9%, and the company reiterated its full-year production outlook. Rio Tinto is also focusing on decarbonization initiatives.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 3:34 pm

BYDDY

BYD Co., Ltd. (OTC:BYDDY) plans to build an electric vehicle (EV) plant in Cambodia with a capacity to assemble 20,000 vehicles annually for domestic and international markets. This expansion follows BYD's previous market entries in Southeast Asia, including Thailand and Indonesia.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 3:21 pm

CLDI

Calidi Biotherapeutics has been granted U.S. Patent Number 12,036,278 for a smallpox vaccine used in cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:19 pm

GLD

SLV

Gold and silver are trading higher amid rate cut hopes following recent comments from Fed Chair Powell.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:18 pm

ALLY

Lule Demmissie, CEO of eToro's U.S. operations, steps down and transitions to an advisory role, with Andrew McCormick taking over. Demmissie, who joined eToro in 2021 from Ally Financial's Ally Invest, highlighted eToro's achievements and unique positioning. McCormick aims to expand eToro's U.S. presence and enhance its offerings.

Portfolio Pulse from Renato Capelj

July 16, 2024 | 3:17 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for July 16th, 2024, provides a detailed analysis of key levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset based on proprietary price, volume, and options flow data. Additionally, it highlights the importance of monitoring economic indicators and a Federal Reserve speech for potential market impacts.

Portfolio Pulse from RIPS

July 16, 2024 | 3:16 pm

DOGEUSD

Dogecoin (DOGE) is speculated to reach a new all-time high by the end of August if historical patterns hold. Crypto traders are analyzing DOGE's chart and expect a rally in the next 90 days. There is also speculation about a potential Dogecoin ETF. Recent data shows a significant increase in large transaction volumes and exchange netflows.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 3:14 pm

RIO

USGDF

American Pacific Mining Corp's CEO and Managing Director discuss their partnership with Rio Tinto, the state of the commodity markets, and the company's future. They highlight their focus on high-grade assets in the western U.S., significant drilling programs in Alaska and Montana, and the importance of environmental regulations. The company is well-positioned with strong partnerships and substantial exploration budgets, aiming to capitalize on rising demand for critical metals like copper.

Portfolio Pulse from Stjepan Kalinic

July 16, 2024 | 3:13 pm

EB

TikTok has partnered with Eventbrite to simplify event promotion and ticket sales for the global TikTok community. This partnership allows TikTok users to add Eventbrite links to their videos, enabling seamless event promotion and ticket purchases directly within the app. The collaboration aims to benefit both local and independent event creators by providing a platform to grow their presence and connect with a wider audience.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 3:05 pm