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BTCUSD

MSTR

Soccer player Alex Crognale, who took a portion of his salary in Bitcoin in 2021, has seen his investment grow over 100%. Crognale continues to hold Bitcoin and advocates for its use as a hedge against inflation. His strategy is similar to that of MicroStrategy Inc. (NASDAQ:MSTR), which accumulates Bitcoin with cash flow.

Portfolio Pulse from Chris Katje

July 30, 2024 | 5:58 pm

LDOS

Leidos Holdings, Inc (NYSE:LDOS) reported strong Q2 fiscal 2024 results with an 8% revenue increase to $4.13 billion, beating analyst estimates. Adjusted EPS rose 46% to $2.63, also surpassing expectations. The company raised its annual revenue and EPS outlook. Despite these positive results, LDOS shares are trading 3.29% lower.

Portfolio Pulse from Anusuya Lahiri

July 30, 2024 | 5:49 pm

AMC

DIS

IMAX

AMC Entertainment Holdings Inc (NYSE:AMC) has seen strong momentum following Imax Corp's (NYSE:IMAX) strong Q2 earnings. AMC expects Q2 revenue of $1.03 billion and a loss of 10 cents per share, better than estimates. AMC also set new records for weekend attendance and admissions revenue, driven by the opening of Walt Disney Co's (NYSE:DIS) 'Deadpool & Wolverine'.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 5:49 pm

IPGP

IPG Photonics Corporation (NASDAQ:IPGP) reported weak second-quarter results, missing both earnings and revenue estimates. The company experienced significant sales declines across all major regions and a notable drop in gross margin. IPGP's outlook for the third quarter is also below expectations, leading to a 5.88% drop in share price.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 5:42 pm

AXON

Axon Enterprise's short interest has decreased by 7.49%, with 2.39 million shares sold short, representing 4.32% of its float. This is higher than the peer group average of 2.21%. It would take traders 6.69 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 5:15 pm

CAN

CORZ

MARA

A new report by Bernstein highlights a $20 billion revenue opportunity in Bitcoin mining hardware over the next five years, driven by new U.S.-based players like Block and Auradine. This could disrupt the dominance of Chinese companies like Bitmain, MicroBT, and Canaan (NASDAQ:CAN). Block has partnered with Core Scientific (NASDAQ:CORZ) to develop advanced 3nm mining ASICs, while Auradine, backed by Marathon (NASDAQ:MARA), is shipping its AT1500 Teraflux miners. The increased competition is expected to benefit U.S. miners with improved efficiency and reduced costs.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 5:08 pm

AMGN

Amgen (NASDAQ:AMGN) has outperformed the market over the past 20 years with an average annual return of 9.55%. A $100 investment in AMGN 20 years ago would be worth $605.59 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 5:03 pm

PSX

Phillips 66 plans to perform discretionary maintenance on its refineries in Q3. The company reported that crude utilization reached 98% in Q2, the highest in over 5 years.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 5:02 pm

AMG

Eight financial analysts have recently provided ratings on Affiliated Managers Group (NYSE: AMG), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $202.25, up 2.73% from the previous target. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. AMG's financial performance shows a decline in revenue growth and net margin, but strong ROE and ROA, and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 5:01 pm

EADSY

Airbus CEO stated that more analysis and work are required in the review of space systems contracts. The latest space charges reflect a bottom-up analysis of risks for all except one major space systems contract.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:51 pm