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TSLA

Tesla shares have surged after breaking through a key resistance level, with short-term technical indicators suggesting further gains. Despite a false rumor about record sales in China, Tesla's overall deliveries exceeded expectations. Additionally, trades on Tesla, Carvana, and Salesforce are on track for significant gains.

Portfolio Pulse from David Pinsen

July 02, 2024 | 8:42 pm

ON

onsemi has acquired SWIR Vision Systems to enhance its depth perception and 3D imaging capabilities. The acquisition is not expected to have a meaningful impact on onsemi's near to midterm financial outlook. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:32 pm

ATSG

Air Transport Services Group, Inc. (NASDAQ:ATSG) announced that its subsidiary Airborne Global Leasing has signed lease agreements for two additional Boeing 767-300 converted freighter aircraft to My Freighter Cargo Airlines of Tashkent, Uzbekistan. This expands the airline's ATSG-leased fleet to five 767-300 freighters.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:31 pm

RIVN

Rivian has announced that there will be no changes to its R2 production plans. The company will build the R2 at its Normal, Illinois plant, followed by a planned plant in Georgia.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:21 pm

RIVN

VWAGY

Rivian has announced that it has no plans to partner on hardware or produce vehicles with Volkswagen Group as part of a joint venture.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:20 pm

ZETA

Zeta Global has announced a partnership with RallyPoint to better serve the military and veteran community. This collaboration aims to leverage Zeta's data-driven marketing technology to enhance RallyPoint's platform and engagement with its users.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:16 pm

AAPL

AMD

AMZN

ARM

CHTR

MSFT

NVDA

ON

QQQ

TSLA

The Nasdaq 100 Index closed at a record high of 20,011 points, driven by gains in mega-cap tech stocks like Microsoft, Apple, and Amazon. Fed Chair Jerome Powell's comments on disinflation and labor market cooling have increased expectations for rate cuts by the end of the year. Nvidia was the only major tech stock to decline, while Tesla, ON Semiconductor, and AMD were among the top gainers.

Portfolio Pulse from Piero Cingari

July 02, 2024 | 8:15 pm

AAPL

AMZN

HD

MSFT

QQQ

SPY

Retail and tech stocks, including Amazon, Home Depot, Apple, and Microsoft, typically perform well in July due to promotional events. ETFs like SPDR S&P 500 ETF and Invesco QQQ Trust also show strong performance in July.

Portfolio Pulse from Michael Juliano

July 02, 2024 | 8:15 pm

MAXN

Maxeon Solar Technologies shares are trading higher after the company was granted U.S. Patent #12027636 for 'Protection Coating For Solar Cell Wafers'.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:14 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) released its unaudited production and operations update for June 2024. The company mined 176 Bitcoin, sold 103 Bitcoin, and holds 2,209 Bitcoin. They have deployed 75,000 mining rigs and have an operating hash rate of 8.61 EH/s.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:13 pm