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MOVE

Movano Inc (NASDAQ:MOVE) is expected to receive FDA clearance for its Evie ring this quarter, with a full commercial launch likely later this year. Analyst Bruce Jackson initiated coverage with a Speculative Buy rating and a price target of $2.00. The Evie ring aims to provide medical-grade data and has already shown promising sales during a soft launch.

Portfolio Pulse from Priya Nigam

July 30, 2024 | 2:28 pm

BA

HWM

Howmet CEO reports that parts orders from Boeing are slightly trimmed but remain above the actual build rates for the 737 and 787 models.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:27 pm

JBLU

RTX

JetBlue Airways CEO has stated that the company's revenue growth has not been sufficient to outpace cost challenges. Additionally, Pratt & Whitney engine-related aircraft groundings are significantly impeding JetBlue's growth rate and pressuring profitability.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:15 pm

CPRX

VRDN

VRNA

As of July 30, 2024, three health care stocks—Verona Pharma (VRNA), Catalyst Pharmaceuticals (CPRX), and Viridian Therapeutics (VRDN)—are considered overbought based on their RSI values. Investors may want to reconsider holding these stocks in the short term.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 2:13 pm

MRK

Merck is targeting next year's RSV season in the U.S. for the release of its RSV antibody, as stated by a company executive during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:13 pm

VUZI

Vuzix's subsidiary, Moviynt, has received SAP certification for its Mobilium Gateway 3.0 solution with S/4HANA Cloud Private Edition. This certification aims to enhance workflow efficiency by bridging mobile devices and ERP systems.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:07 pm

PG

P&G's CFO indicated that the Middle East situation remains challenging, impacting Western retailers. The first half of fiscal 2025 is expected to mirror Q4 of fiscal 2024. P&G's premium baby care business is performing well in North America. If consumer conditions worsen, P&G expects increased demand for hand dishwashing and paper products.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:54 pm

AAPL

NVDA

NXPI

TSM

Taiwan Semiconductor Manufacturing Co (TSM) will break ground on its first European plant in Dresden, Germany, next month. The plant, known as European Semiconductor Manufacturing Corp (ESMC), aims to start operations by late 2027. Key investors include Infineon, Robert Bosch, and NXP Semiconductors (NXPI). The project will address the demand for localized automotive and industrial chips. TSM shares have recently declined, partly due to comments from US Presidential candidate Donald Trump.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 1:54 pm

AAPL

AMD

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) has unveiled significant updates to its software suite, including Nvidia inference microservices (NIMs) and enhancements to its AI Enterprise product. These updates aim to streamline AI integration and support the development of humanoid robotics. Despite these advancements, Nvidia's stock has recently declined due to geopolitical tensions between the U.S. and China.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 1:49 pm

ADM

ADM expects its Decatur East Plant to come back online in Q4. CEO Juan Luciano reports solid demand for ethanol in both domestic and export markets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:48 pm