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CMCSA

DIS

FEPI

GGME

MSFT

NFLX

Netflix Inc. (NASDAQ:NFLX) shares opened lower by 1.5% on Wednesday. The company is projected to report the smallest subscriber growth in five quarters for April-June, but its new ad-supported tier has shown revenue growth. Ad income is expected to more than double, and revenue is anticipated to increase by 16.4% to $9.53 billion. Seasonal factors and competition from Disney+ may impact viewership. Netflix has formed partnerships with Comcast and plans to build an in-house ad technology platform. Investors can gain exposure via ETFs like GGME and FEPI.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 1:45 pm

SPY

Fed's Waller indicates he will be looking for data over the next two months to support his view on inflation. Recent data boosts confidence in achieving the inflation goal, but more evidence is needed on sustained monthly personal consumption expenditures inflation. Moderate consumption growth may continue due to strong personal income data. Labor supply and demand are balanced, but there is more upside risk to unemployment. Wage growth is slowing, supporting a 2% inflation target.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:36 pm

BTCUSD

SPY

TSM

Former President Donald Trump's comments about Taiwan paying for defense have caused TSMC shares to fall. Bitcoin has surged to $66K with significant ETF inflows. The Nasdaq and S&P 500 futures have plunged following Trump's comments and a weak forecast from ASML.

Portfolio Pulse from Akanksha Bakshi

July 17, 2024 | 1:36 pm

ADBE

AMZN

Amazon.com Inc (NASDAQ:AMZN) experienced a significant disruption on Prime Day as its marketing portal for merchants crashed, affecting ad budget and keyword bid management. Despite the issue, sales increased nearly 12% in the first seven hours compared to last year. Adobe Inc (NASDAQ:ADBE) forecasts online sales to reach $14 billion over the two-day event, an 11% increase from last year.

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 1:34 pm

LMT

Lockheed Martin has delivered the first of eight C-130J-30 Super Hercules tactical airlifters to the Ohio Youngstown Air Reserve Station. This delivery marks the addition of a new mission capability for the Super Hercules: the aerial spray mission.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:32 pm

AAPL

MSFT

Anthropic, backed by Jeff Bezos, and Menlo Ventures have launched a $100 million fund to support early-stage AI startups, increasing competition with OpenAI. The fund, named Anthology Fund, will provide financial backing and access to Anthropic’s AI technology. This move mirrors Apple's iFund initiative and positions Anthropic in direct competition with OpenAI's $175 million Startup Fund.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 1:30 pm

VVX

V2X Inc. (NYSE:VVX) has been awarded a $141 million cost-plus-fixed-fee task order to continue providing comprehensive engineering support for Command, Control, Communications, Computer, and Intelligence (C4I) systems to the U.S. Navy. This task order is part of the Navy's Fleet Systems Engineering Team (FSET) program, which V2X has supported for 25 years.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:26 pm

ACHR

Archer Aviation has been granted a $117M award by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) to support the expansion of its electric powertrain and aircraft production facilities. This award is the largest in CAEATFA's history for the advanced air mobility industry and aims to aid Archer's commercialization efforts.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:23 pm

PLBC

Plumas (NASDAQ:PLBC) reported Q2 earnings per share of $1.14, beating the analyst estimate of $1.09. Sales were $20.61 million, surpassing the $20.00 million estimate. Both EPS and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:22 pm

ELV

HUM

UNH

Elevance Health Inc. (NYSE: ELV) reported Q2 revenues of $43.2 billion, slightly above expectations, with a 24% profit increase. Despite a 5% drop in medical membership, the company maintained its annual guidance. ELV shares are down 3.82% in premarket trading.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 1:22 pm