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Mortgage rates have fallen to their lowest levels in over a year due to expectations of Federal Reserve rate cuts, boosting homebuyer demand and refinancing activity. This has led to a surge in mortgage applications and a significant rise in shares of real estate companies and ETFs.

Portfolio Pulse from Piero Cingari

August 07, 2024 | 1:11 pm

IPWR

Ideal Power Inc (NASDAQ:IPWR) announced a collaboration with a third global automaker to use B-TRAN-enabled contactors in electric vehicles (EVs). The high-power EV contactor market is expected to grow significantly, and Ideal Power's solid-state contactors offer several advantages over traditional electromechanical contactors, including faster operation, improved safety, and lower costs.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 1:05 pm

CVS

CVS Health Corp (NYSE:CVS) reported mixed Q2 earnings, missing revenue expectations but beating EPS estimates. The company lowered its 2024 outlook and announced leadership changes in its Health Care Benefits segment. CVS stock has been volatile, with a slight premarket increase.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 1:04 pm

FIS

Analysts have provided mixed ratings for Fidelity National Info (NYSE:FIS) over the past three months, with a recent average 12-month price target of $85.8. Key analysts have raised their price targets, reflecting positive sentiment. The company's financials show strong net margins and efficient asset management but face challenges in ROE.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 1:01 pm

ITCI

Intra-Cellular Therapies (NASDAQ: ITCI) has received mixed evaluations from 9 analysts over the past three months, with a majority being bullish. The average 12-month price target has increased to $99.0. The company has shown significant revenue growth but faces challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 1:00 pm

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Bitcoin defies bearish signals as the Bank of Japan's stance on maintaining low borrowing costs reshapes market dynamics. The BOJ's decision to continue monetary easing has provided a lifeline to risk assets, including Bitcoin, which rebounded sharply. The Japanese yen weakened, and Japan's Nikkei index surged.

Portfolio Pulse from Murtuza Merchant

August 07, 2024 | 1:00 pm

DIS

Disney's CFO reported that bundling their streaming services has positively impacted cancellation rates. Additionally, advertising revenue increased by 8% for the quarter, which was described as 'very healthy' during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:59 pm

GEO

The GEO Group, Inc. (NYSE:GEO) shares are trading higher after reporting mixed Q2 FY24 results. Revenue missed estimates, but adjusted EPS exceeded expectations. The company completed a comprehensive refinancing of its debt and received a task order from ICE. GEO revised its FY24 outlook, lowering EPS and EBITDA projections.

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 12:55 pm

CVS

CVS CEO expressed confidence in the pricing of Medicare insurance plans for 2025, based on prudent healthcare utilization assumptions. However, there is potential incremental pressure in inpatient services for July. The updated forecast indicates higher trends in the second half of 2024 compared to the first half.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:53 pm

LYFT

Lyft CEO announced a new Price Lock feature that allows users to cap fares with a subscription. The company also reported a decrease in prime time bookings in Q2, with further declines expected in Q3.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:52 pm