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RTX

The U.S. State Department has approved a $115 million sale of small diameter bombs to Belgium, according to Reuters citing the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:06 pm

VIOT

Viomi Technology has announced a business restructuring agreement to divest its IoT@Home business for RMB65 million. The company will now focus on its core home water solution business and aims to enhance operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:02 pm

LYFT

Everlance and Lyft have announced a strategic partnership aimed at enhancing the rideshare driver ecosystem. The collaboration will provide tax savings and exclusive discounts on Everlance premium products for Lyft drivers.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:01 pm

CHPT

PBW

SIMS

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading higher after the company announced it now enables drivers to charge at over one million locations across North America and Europe. The ChargePoint network has facilitated more than 10 billion electric miles to date, highlighting the growing demand for EV charging solutions. Despite a 74% loss in the past year, the stock has risen 61.49% in the past three months. Investors can also gain exposure to ChargePoint through SPDR S&P Kensho Intelligent Structures ETF (NYSE:SIMS) and Invesco WilderHill Clean Energy ETF (NYSE:PBW).

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 6:53 pm

COSM

Cosmos Health's subsidiary Decahedron has successfully submitted a tender to supply NHS Scotland with C-Scrub Wash Chlorhexidine 4%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:48 pm

ABT

Whales have shown a bullish stance on Abbott Laboratories (NYSE: ABT) with significant options trading activity. 37% of trades were bullish and 37% bearish, with a price target range of $105 to $130. The stock is currently priced at $106.52, down 0.69%, and analysts have an average target price of $120.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:47 pm

DIS

FOX

FOXA

WBD

Fox Corporation (NASDAQ:FOX, NASDAQ:FOXA) is proposing a third presidential debate for the 2024 election between Donald Trump and Kamala Harris. This could boost Fox's viewership and advertising revenue. The first debate was watched by over 47 million viewers, with Fox News leading in viewership. The second debate is to be hosted by ABC News, owned by Walt Disney Co (NYSE:DIS).

Portfolio Pulse from Chris Katje

July 25, 2024 | 6:38 pm

EW

Edwards Lifesciences Corp (NYSE:EW) reported Q2 adjusted EPS of $0.70, beating estimates, but sales of $1.632 billion missed expectations. TAVR sales grew 5%, but U.S. growth was below expectations due to hospital workflow pressures. The company announced acquisitions of JenaValve Technology and Endotronix, with minimal revenue contribution expected in 2025. Guidance for TAVR sales growth was lowered, and EW stock fell 28.7%. William Blair maintains an Outperform rating.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 6:36 pm

BAYRY

BAYZF

An Australian judge dismissed a class action lawsuit alleging Bayer's Roundup weedkiller causes blood cancer, marking a significant victory for Bayer. The ruling supports Bayer's stance on the safety of its glyphosate-based products. Despite this win, Bayer still faces over 50,000 claims in the U.S.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 6:35 pm

IGV

ORCL

TRFK

Oracle Corporation (NYSE:ORCL) shares are trading higher after the company inked deals with Rai Way and Salam to implement AI systems and support digital transformation, respectively. Oracle also unveiled Exadata Exascale, enhancing performance for Oracle Database workloads. ORCL stock has gained around 19% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 6:34 pm