Streetbeat News

Revenues

FXI

China's Composite Purchasing Managers' Index (PMI) for July was reported at 50.2, down from 50.5 in the previous month. This indicates a slight slowdown in economic activity.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:45 am

EWA

Australia's Trimmed Mean Consumer Price Index (CPI) for Q2 came in at 0.8% quarter-over-quarter, below the estimated 1.0% and the prior 1.0%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:45 am

EWA

Australia's retail sales for June increased by 0.5% month-over-month, surpassing the estimated 0.2% but slightly below the prior month's 0.6%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:44 am

EWA

Australia's Consumer Price Index (CPI) for Q2 has been reported at 3.8% year-over-year, matching the estimated 3.8% and up from the prior 3.6%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:44 am

EWA

Australia's Consumer Price Index (CPI) for Q2 remained unchanged at 1.0%, matching the estimated value. This stability in inflation could have implications for investments related to the Australian market.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:44 am

BBJP

DXJ

EWJ

Japan's industrial production for June fell by 3.6% month-over-month, which is better than the estimated decline of 4.2% but worse than the previous month's increase of 3.6%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:20 am

MSFT

Microsoft CEO Satya Nadella reported significant growth and engagement on LinkedIn during the company's fourth-quarter earnings call. LinkedIn saw a 34% increase in video content and a 51% rise in Premium sign-ups. Despite Elon Musk's criticism of LinkedIn and promotion of his platform X, Microsoft reported a 10% revenue increase for LinkedIn. Microsoft shares fell 2.72% in after-hours trading following the earnings report.

Portfolio Pulse from Ananya Gairola

July 31, 2024 | 3:40 am

AMD

MSFT

NVDA

Microsoft has enhanced its Azure AI capabilities by integrating OpenAI models and advanced hardware accelerators from NVIDIA and AMD. Despite positive developments, Microsoft's stock faced a short-term dip due to Azure underperformance and a Microsoft 365 outage.

Portfolio Pulse from Kaustubh Bagalkote

July 31, 2024 | 3:39 am

AAPL

GOOG

GOOGL

META

MSFT

NVDA

TSM

Gene Munster of Deepwater Asset Management predicts a short-term decline in AI stocks due to Microsoft's Azure underperformance, but remains optimistic about the sector's long-term prospects. Microsoft's increased Capex is seen as beneficial for companies like Nvidia and TSMC in the long run.

Portfolio Pulse from Kaustubh Bagalkote

July 31, 2024 | 1:56 am

MSFT

Microsoft projects Q1 revenue for its Productivity and Business Process segment to be between $20.3B-$20.6B, Intelligent Cloud revenue between $28.6B-$28.9B, and More Personal Computing revenue between $14.9B-$15.3B. The company also expects COGS of $19.95B-$20.15B, including $700M in purchase accounting adjustments and costs related to the Activision acquisition.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:54 pm