Streetbeat News

Revenues

AMD

ASML

ASML Holding N.V. (NASDAQ:ASML) shares are trading higher following reports that the Biden administration's new rule on foreign chip equipment exports to China would exempt Japan, the Netherlands, and South Korea. This exemption allows ASML to remain unaffected by the planned export restrictions. Additionally, the broader semiconductor sector is up after Advanced Micro Devices, Inc. (NASDAQ:AMD) reported strong Q2 results.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 3:43 pm

AAPL

AMD

AMZN

ASML

GOOG

META

MSFT

NVDA

QQQ

SPY

TMUS

TSLA

The article discusses the recent market dynamics, highlighting the oversold condition of tech stocks, the impact of a potential China loophole, and the Bank of Japan's rate hike. It mentions the earnings reports of several companies and the positive money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

July 31, 2024 | 3:38 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has significantly outperformed the market over the past 5 years, with an annualized return of 58.35%. A $100 investment in MARA 5 years ago would be worth $966.90 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 3:33 pm

NIPG

NIP Group Inc. (NASDAQ:NIPG) has successfully listed on Nasdaq, pricing its American depositary shares (ADS) at $9 and selling 2.25 million ADSs, with an additional 182,526 ADSs sold through an exercised option. The company, formed through a merger between Sweden’s Ninjas in Pyjamas and China’s ESV5, aims to become a global digital sports group. NIP Group's ADSs rose 83% on Monday to close at $16.50, making it one of the best performing recent IPOs on Nasdaq.

Portfolio Pulse from The Bamboo Works

July 31, 2024 | 3:32 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

GSK

GSK reported Q2 sales of $9.95 billion, beating analyst estimates but missing expectations in vaccine sales. The company cut its annual vaccine revenue guidance but raised its overall revenue and EPS growth forecasts for 2024. GSK's stock fell 2.44% following the announcement.

Portfolio Pulse from Vandana Singh

July 31, 2024 | 3:27 pm

EDU

East Buy's shares fell to a two-year low after parting ways with star livestreamer Dong Yuhui. The split marks a strategic shift away from reliance on individual hosts. Despite a share buyback program, the stock dropped 23%. Analysts have mixed views on the company's future.

Portfolio Pulse from The Bamboo Works

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

COUR

GOOG

LVS

TSLA

This week in investing, key highlights include Coursera's strong earnings and AI course enrollment, Las Vegas Sands' misunderstood earnings, and the continued decline of the Magnificent 7 tech stocks. Coursera's stock surged 45% due to better-than-expected earnings and AI course growth. Las Vegas Sands faced a temporary decline due to room renovations but showed strong performance in Macau and Singapore. Alphabet and Tesla reported disappointing earnings, contributing to the tech sector's decline. The GDP and PCE reports suggest continued inflation, casting doubt on the likelihood of a September rate cut.

Portfolio Pulse from Gary Brode

July 31, 2024 | 3:18 pm

LMT

Ukraine has received its first delivery of F-16 fighter jets, marking a significant milestone in its defense capabilities. This development is expected to have implications for defense contractors involved in the production and supply of these jets.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:05 pm