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BNOX

Bionomics has received a Notice of Allowance for a US patent on substituted-N-heteroaryl compounds, which are intended for improving cognitive function and treating CNS disorders.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:23 pm

AAPL

Apple and Major League Baseball have announced the September schedule for 'Friday Night Baseball,' which will be available on Apple TV+. This partnership continues to enhance Apple's content offerings and attract sports fans to its streaming platform.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:22 pm

BTCUSD

SOLUSD

Solana (SOL) has outperformed Bitcoin (BTC) over the past month, with an 8.5% increase compared to Bitcoin's 0.5% return. Crypto traders are optimistic about Solana's potential to reach new local highs if it surpasses current resistance levels. However, caution is advised due to potential vulnerabilities in built-up lows.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 5:20 pm

SPCE

NASA has announced that astronauts scheduled to return on Boeing's Starliner may instead use SpaceX's Crew Dragon in February 2025 if the Starliner is deemed unsafe.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:08 pm

INDA

META

Meta Platforms Inc. is in discussions with Indian tech giant Jio for a potential virtual reality (VR) deal. This collaboration could significantly impact Meta's VR ambitions and market presence in India.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:04 pm

IPWR

Ideal Power shares are trading higher following the announcement of a collaboration with a third automaker for advanced EV contractors.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:52 pm

ABNB

AMGN

AXON

CVS

DIA

DIS

EMR

ENPH

FTNT

HLT

ILMN

IWM

NVO

QQQ

RDDT

RIVN

SHOP

SMCI

SPY

TLT

WYNN

XLE

XLV

The U.S. stock market is poised for its second consecutive day of gains, driven by positive earnings reports and reassurances from the Bank of Japan. The U.S. dollar surged against the yen, and crude oil prices spiked due to a larger-than-expected drawdown in U.S. crude inventories. Major indices and ETFs saw gains, with energy stocks leading the way.

Portfolio Pulse from Piero Cingari

August 07, 2024 | 4:46 pm

HLT

Hilton Worldwide Holdings Inc. (NYSE: HLT) shares are trading lower after the company reported Q2 results that beat earnings and revenue estimates but provided soft guidance for FY24 and Q3. The company reported adjusted EPS of $1.91 and revenues of $2.951 billion, both surpassing analyst expectations. Despite positive growth metrics, including a 3.5% increase in RevPAR and a 15% growth in its development pipeline, the forecasted EPS for FY24 and Q3 fell short of estimates, leading to a 0.77% decline in stock price.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2024 | 4:28 pm

LLY

NVO

Eli Lilly and Company (NYSE: LLY) shares are trading lower ahead of its anticipated 2024 fiscal year earnings release. Analysts estimate an EPS of $2.70 and sales of $9.94 billion. Despite missing revenue estimates last quarter, Eli Lilly has consistently beaten EPS estimates in recent reports. The company's weight-loss drug Zepbound has captured significant market share since its December launch. Analysts have recently adjusted their price targets for Eli Lilly, with Cantor Fitzgerald maintaining an $885 target and Guggenheim raising its target to $884.

Portfolio Pulse from Dylan Berman

August 07, 2024 | 4:22 pm

BURU

Nuburu has announced a new partnership with NexgenAi, marking its entry into the AI sector. The company also hinted at upcoming press releases and an interview with the CEO, which will provide updates on their core business and corporate strategies.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:20 pm