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NIPG

NIP Group (NASDAQ:NIPG), the first esports company to list on Nasdaq, went public on July 26. The company, known for its 'Ninjas in Pyjamas' esports teams, aims to capitalize on the growing interest in esports, which is now larger than the music and film industries combined. The IPO saw the stock price surge over 80% before stabilizing. The company is diversified across various revenue streams and geographies, and the founder is optimistic about the future of competitive gaming.

Portfolio Pulse from Hayden Buckfire

July 31, 2024 | 4:58 pm

MHUA

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) shares saw significant trading volume and price movement after the company announced its NT-2000 surgical path analysis system successfully supported a 5G remote robot-assisted lobectomy. The procedure was performed at Yangzhou University Affiliated Hospital by a team from Shanghai Chest Hospital. This development is part of Meihua's strategic initiatives to increase sales of high-end products and broaden its customer base.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 4:55 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher following the company's announcement of AI innovations and the global rollout of Tianji XOS 5.2. XPeng is expanding its Go Global 2.0 strategy and plans to debut a next-generation supercharger this quarter.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 4:40 pm

AMD

AMD CEO Lisa Su highlighted the early stages of a multiyear AI 'supercycle' following strong Q2 results, with revenue of $5.835 billion and adjusted earnings of 69 cents per share. Su emphasized the growing demand for AI and compute power, countering concerns about a potential slowdown in AI investments.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 4:39 pm

FGEN

FibroGen Inc. (NASDAQ:FGEN) has terminated its pancreatic cancer treatment program after the pamrevlumab trials failed to meet the primary endpoint of overall survival. The company plans significant cost reductions, including a 75% headcount reduction in the U.S. Despite the setback, investor interest remains due to recent M&A activity in the ADC sector and the potential of FG-3246.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 4:33 pm

BA

SPY

Senate Commerce Chair Cantwell is set to propose legislation on Thursday that will require the FAA to implement Safety Management Systems. This move aims to enhance aviation safety standards.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:18 pm

BTCUSD

Bitcoin's sideways price action has sparked discussions about the halving cycle theory and potential future price movements. Analysts suggest a possible 'echo high' in August and highlight liquidity levels that could lead to record-breaking highs if surpassed.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 3:46 pm

FUTU

JF SmartInvest Holdings Ltd. has launched a new product, Enjoy-Stock Pad, a tablet equipped with its software to provide users with easy access to its financial education content and tools. The company also changed its name from JF Wealth just a day before the product launch, indicating a possible attempt to rebrand and reignite growth amid slowing revenue and profitability. The new hardware product aims to diversify revenue streams but may face challenges due to higher costs and uncertain customer demand.

Portfolio Pulse from The Bamboo Works

July 31, 2024 | 3:30 pm

META

Meta Platforms Inc (NASDAQ:META) is in the spotlight ahead of its Q2 earnings report, expected to show earnings of $4.73 per share and revenue of $38.311 billion. The company has exceeded analyst estimates for five consecutive quarters. Analysts have mixed ratings, with price targets ranging from $500 to $575. AI performance and monetization strategy will be key focus areas.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 3:22 pm

BWA

BorgWarner Inc (NYSE:BWA) shares are trading higher after reporting better-than-expected Q2 FY24 adjusted EPS and securing new contracts. Despite a 2% YoY sales decline to $3.603 billion, the company beat EPS estimates with $1.19 against the expected $1.01. BorgWarner also updated its FY24 sales and EPS guidance and announced a $300 million share repurchase plan.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 3:18 pm