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MULN

Mullen Automotive (NASDAQ:MULN) shares are trading lower on Friday after the company introduced a new lease program for its Mullen ONE EV cargo van. The BizEV program targets well-qualified individuals, small businesses, and fleets, offering a 3-year lease option starting at $475 per month. Despite the new program, MULN shares are down 5.94% to $0.95.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 4:36 pm

INSP

Inspire Medical Systems shares are trading higher following FDA approval of its Inspire V therapy system for obstructive sleep apnea.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:32 pm

META

Meta Platforms Inc (NASDAQ:META) has achieved a significant milestone with its social media platform, Threads, reaching 200 million active users. This growth highlights Meta's continued dominance in the social media space. The company plans to leverage its digital advertising success to offer more targeted ads on Threads. Despite this achievement, META shares traded lower by 1.39% at $490.84.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 4:27 pm

IAG

NSUPF

Northern Superior Resources (OTC:NSUPF) is consolidating the Chibougamau gold camp in Quebec, aiming to increase its gold reserves from 10 million to 15 million ounces within 18-24 months. Iamgold Corp (NYSE:IAG) is also focusing on this camp after raising $300 million and improving its balance sheet. Both companies are strategically positioned for growth in a top-tier mining jurisdiction.

Portfolio Pulse from Stjepan Kalinic

August 02, 2024 | 4:10 pm

COST

GILD

MMC

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: Gilead Sciences, QuantumScape, Marsh & McLennan Corporation, ON Semiconductor, and Costco Wholesale Corporation. Key updates include Gilead's HIV treatment data, QuantumScape's earnings miss and liquidity update, Marsh & McLennan's acquisition, ON Semiconductor's earnings beat and supply agreement, and Costco's membership fee hike.

Portfolio Pulse from Chris Katje

August 02, 2024 | 4:09 pm

CBST

CURLF

MSOS

VRNOF

Boris Jordan discusses the rescheduling of cannabis, with 90% of comments reviewed and no ALJ hearing so far. Verano Holdings will acquire operations from The Cannabist Co. for $15M in cash and $105M in licenses in Arizona and Virginia. Virginia is seen as a promising market for cannabis.

Portfolio Pulse from The Dales Report

August 02, 2024 | 3:03 pm

BABA

NVDA

Hong Kong's Futu Securities International has introduced retail cryptocurrency trading and is offering shares of Alibaba (NYSE:BABA) and Nvidia (NASDAQ:NVDA) as incentives to attract investors. The initiative aligns with Hong Kong's efforts to become a virtual asset business hub.

Portfolio Pulse from Anusuya Lahiri

August 02, 2024 | 2:49 pm

LLY

RMD

ResMed Inc. (NYSE:RMD) reported strong Q4 2024 earnings with revenue of $1.22 billion, driven by increased demand for sleep devices and masks. Gross margin improved significantly, and adjusted EPS beat consensus. The company also increased its quarterly dividend by 10%. Despite short-term challenges, analysts remain positive on ResMed's fundamentals. Eli Lilly (NYSE:LLY) released results from phase 3 trials for tirzepatide injection for obstructive sleep apnea.

Portfolio Pulse from Vandana Singh

August 02, 2024 | 2:46 pm

LLY

Eli Lilly and Company (NYSE:LLY) shares are trading lower on Friday despite promising results from its SUMMIT phase 3 clinical trial. The company is set to release its Q2 2024 earnings on Aug. 8, with analysts estimating revenue of $9.9 billion and EPS of $2.7. The trial showed that tirzepatide reduced heart failure events by 38% and caused a 15.7% weight loss in patients.

Portfolio Pulse from Dylan Berman

August 02, 2024 | 2:39 pm

AMZN

GOOG

GOOGL

MSFT

Amazon's Q2 results showed AWS growth reacceleration, but increased capital spending pressured margins. Revenue grew 10% YoY to $148 billion, missing estimates. Advertising revenue rose 20% to $12.77 billion, also missing estimates. AWS sales surged 19% to $26.28 billion, but margins shrank due to higher investments. Net income doubled to $13.5 billion, exceeding expectations. Amazon's Q3 guidance indicates continued pressure on margins due to AI investments.

Portfolio Pulse from Upwallstreet

August 02, 2024 | 2:38 pm