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The Pentagon has accepted the first F-35 of new deliveries on Friday, marking a significant milestone for the F-35 program.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:18 pm

META

Meta Platforms Inc (NASDAQ:META) is advancing with its VR and AR hardware plans despite layoffs in its Reality Labs division. The company aims to release the Quest 4 in 2026 and a higher-end headset in 2027. Meta is also working on AR glasses, though they face significant design challenges.

Portfolio Pulse from Franca Quarneti

July 19, 2024 | 5:18 pm

CRWD

MSFT

TSLA

Tesla halted some of its production lines due to an IT outage involving Microsoft and CrowdStrike.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:13 pm

AMD

ARM

NVDA

TSM

ARM Holdings Plc (NASDAQ:ARM) shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $107 to $190. The broader semiconductor sector has seen a selloff due to geopolitical tensions and U.S. sanctions against China. ARM's CEO announced plans for AI-ready devices by 2025, and the company has strong licensing and royalty potential. ARM's architecture is favored for its efficiency, with major clients including Apple, Amazon, Google, Microsoft, Nvidia, and Qualcomm.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 5:12 pm

CVX

Benzinga's options scanner detected significant options trading activity for Chevron (NYSE:CVX), with a total amount of $309,250 in trades. Whales have been targeting a price range of $150.0 to $170.0 for Chevron over the last 3 months. The largest options trades observed were predominantly bullish, with calls and puts indicating a positive sentiment. Chevron's current trading volume is 2,426,089, with the stock price at $160.66, down by -0.81%. Earnings announcement is expected in 14 days.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 5:01 pm

CRWD

MSFT

Goldman Sachs analyst Gabriela Borges maintains a Buy rating on CrowdStrike (CRWD) despite a significant outage caused by a failed update on its Falcon platform. The outage affected Microsoft (MSFT) systems globally. Borges expects CrowdStrike's strong reputation to aid recovery and projects fiscal 2025 revenue and EPS of $4 billion and $4.02, respectively.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 5:00 pm

CRWD

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) experienced a significant stock drop due to a cybersecurity platform issue causing worldwide IT outages. Despite the decline, the stock shows technical support at previous low levels, indicating potential buy interest from remorseful sellers.

Portfolio Pulse from Mark Putrino

July 19, 2024 | 4:37 pm

SBUX

Starbucks is experiencing impacts due to a widespread third-party systems outage, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 4:37 pm

AAL

CRWD

DAL

MSFT

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading lower after an update caused an outage, impacting businesses globally. The issue affected Microsoft Corp. (NASDAQ:MSFT) Windows PCs, causing crashes. CrowdStrike's CEO assured that it is not a security issue and is being resolved. The outage also impacted U.S. Edgar Online Services, U.S. CISA, and Union Pacific. Microsoft reported an unrelated issue with Azure, affecting airlines like Delta Air Lines, Inc. (NYSE:DAL) and American Airlines Group, Inc. (NASDAQ:AAL). Goldman Sachs Group, Inc. (NYSE:GS) noted that customers focus on the response to such issues.

Portfolio Pulse from Dylan Berman

July 19, 2024 | 4:34 pm

GELYY

VLVCY

Zeekr, a luxury EV brand under Geely, is considering manufacturing in Europe to avoid EU tariffs. The company aims to use existing Geely facilities in Europe and is also exploring local manufacturing in other regions. Zeekr's stock has declined since its U.S. IPO, but the company remains optimistic about profitability and is expanding globally.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 4:32 pm