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ICPUSD

Internet Computer's (ICP) price increased by 6.6% to $9.48 within 24 hours, despite a 4.0% loss over the past week. The trading volume fell by 8.0%, and the circulating supply decreased by 0.24%, bringing the market cap to $4.43 billion.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 7:00 pm

USDTUSD

Tether Holdings reported a record $5.2 billion profit for the first half of 2024, with a net operating profit of $1.3 billion in Q2. The company's financial strength is attributed to its investments in U.S. Treasuries, with ownership reaching over $97.6 billion. Tether issued more than $8.3 billion in USDT in Q2, further solidifying its financial position.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 6:52 pm

TLN

Talen Energy shares are trading higher today following the release of results from the annual power market auction by PJM Interconnection.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:31 pm

CEG

Constellation Energy Corporation shares are trading higher today following the release of results from the annual power market auction by PJM Interconnection.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:18 pm

QQQ

SPY

UUP

The Federal Reserve kept interest rates unchanged at 5.25%-5.5% during its July FOMC meeting, noting improvements in inflation but not suggesting an imminent rate cut. Stocks held gains, with the S&P 500 and Nasdaq 100 rising, while the U.S. Dollar Index saw a slight recovery.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 6:11 pm

SAFE

Analysts' ratings for Safehold (NYSE:SAFE) show mixed sentiments, with recent ratings ranging from bullish to bearish. The average 12-month price target is $28.83, with a high of $35.00 and a low of $20.00. Recent analyst actions include rating adjustments and price target changes, reflecting their response to market conditions and company performance. Safehold has shown strong revenue growth and net margins but faces challenges with return on equity.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:01 pm

GRPN

Over the past three months, four analysts have evaluated Groupon (NASDAQ:GRPN), with opinions ranging from bullish to somewhat bullish. The average 12-month price target is $24.0, down 7.69% from the prior average. Analysts have recently lowered their price targets, reflecting dynamic market conditions and company performance. Groupon's financial metrics indicate challenges in profitability, return on equity, and debt management.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:00 pm

AMD

ARM

Arm Holdings Plc (NASDAQ:ARM) shares are trading higher in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD), which reported strong Q2 financial results. AMD's revenue and earnings beat analyst estimates, driven by record Data Center segment revenue and accelerating AI business. AMD's positive outlook for Q3 and GPU revenue has lifted several semiconductor stocks, including ARM, which is set to report its fiscal Q1 results soon. ARM's previous quarter showed strong earnings and revenue growth, driven by record royalty revenue and high-value agreements.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 5:46 pm

PAG

Penske Automotive Group, Inc. (NYSE:PAG) shares surged 6.37% after the company reported strong Q2 results, beating earnings and revenue estimates. The company posted earnings per share of $3.61 and quarterly sales of $7.697 billion. Revenue increased by 3% year-over-year, with a notable 10% rise in retail automotive service and parts revenue. The company also reported a 63% sequential growth in equity earnings from Penske Transportation Solutions.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 5:31 pm

MCD

WEN

McDonald's is attracting diners from its rivals with a new $5 meal deal, meeting its set goals as communicated to franchisees in a memo viewed by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:21 pm