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TSLA

Morgan Stanley has replaced Ford with Tesla as its top pick in the U.S. auto industry, citing Tesla's potential in energy and service segments. The brokerage has set a price target of $310 for Tesla and $16 for Ford. Tesla's cost-cutting measures, increased service revenue, and potential in the energy sector are highlighted, although concerns remain about the company's full self-driving technology and EV demand.

Portfolio Pulse from Anan Ashraf

July 30, 2024 | 8:37 am

AAPL

AMZN

GOOGL

META

MSFT

Apple is expected to weather the margin-squeezing effects of AI spending better than its peers due to its unique strategy. While Alphabet, Amazon, Microsoft, and Meta are increasing their capex significantly, Apple is reducing its capex by 9% and monetizing its distribution through a partnership with OpenAI. This strategy is expected to result in record margins for Apple by mid-next year.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 7:32 am

CLVT

Clarivate Plc (NYSE:CLVT) has launched the OFF-X™ platform, enhancing drug safety intelligence with faster search capabilities, improved visual design, and additional analytic tools. The platform integrates with Cortellis Drug Discovery Intelligence™ to provide comprehensive safety information.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:08 am

AAPL

Apple Inc. (NASDAQ:AAPL) has released the iOS 18.1 developer beta, featuring the new Apple Intelligence AI system, ahead of its Q3 earnings. The beta includes Writing Tools, Reduce Interruptions Focus Mode, and phone call recording. The full rollout of Apple Intelligence is expected later this year.

Portfolio Pulse from Rounak Jain

July 30, 2024 | 6:44 am

BP

BP has provided its fiscal 2024 guidance, expecting slightly higher upstream production compared to 2023. The company anticipates divestments and other proceeds to reach $2-3 billion in the second half of 2024. BP also expects growth in its convenience business, a stronger contribution from Castrol, and continued margin growth from BP Pulse. Refining margins are expected to be lower, with a higher impact in the fourth quarter. Capital expenditure is projected to be around $16 billion, and Gulf of Mexico settlement payments are expected to be around $1.2 billion pre-tax.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:39 am

BP

BP expects lower Q3 2024 upstream production compared to Q2, with fuel margins remaining sensitive to supply costs and higher seasonal volumes. Refining margins will be influenced by product cracks and North American heavy crude oil differentials. Income taxes are expected to be around $1 billion higher due to timing of installment payments.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:35 am

TSLA

Tesla CEO Elon Musk has confirmed that there will be no Plaid+ version of the Model S sedan. Instead, the upcoming Roadster will fill the gap, with production expected to start in 2025. The Roadster, a collaboration between Tesla and SpaceX, promises exceptional performance, including acceleration from 0 to 60 mph in less than 1 second.

Portfolio Pulse from Anan Ashraf

July 30, 2024 | 6:13 am

META

MSFT

SNAP

The U.S. Senate is expected to pass a bipartisan bill aimed at protecting children from harmful online content. The legislation mandates tech companies to take steps to prevent harm on platforms used by minors, including Meta, Snap, and X. The bill requires these companies to offer options to protect minors' information, disable addictive features, and restrict harmful interactions.

Portfolio Pulse from Ananya Gairola

July 30, 2024 | 5:31 am

BTCUSD

COIN

Key Democratic donors are pushing for Vice President Kamala Harris to speak at the upcoming Permissionless cryptocurrency conference, organized by Blockworks. The event aims to attract speakers from both political parties and could influence mainstream acceptance of cryptocurrency ahead of the 2024 U.S. presidential election. Notable confirmed speakers include Mike Novogratz, CEO of Galaxy Digital, and Coinbase Chief Legal Officer Paul Grewal.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 5:04 am

PFE

Pfizer Inc. (NYSE:PFE) is set to release its Q2 financial results, with analysts expecting earnings of 46 cents per share and revenue of $13.02 billion. The company recently received European Commission approval for DURVEQTIX, a gene therapy for hemophilia B. Analysts have mixed ratings on the stock, with price targets ranging from $28 to $45.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 5:03 am