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BAC

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SYF

UNH

The Dow Jones closed at a record high as traders turned bullish on hopes of a Fed rate cut in September. UnitedHealth Group and Bank of America saw significant gains following strong earnings reports. Most sectors on the S&P 500 closed positively, except for communication services and information technology. Investors are awaiting earnings results from Johnson & Johnson, Spirit Airlines, and Synchrony Financial.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 7:14 am

VEON

VEON Ltd.'s subsidiary Kyivstar is investing in additional generators and batteries to enhance Ukraine's connectivity during blackouts caused by attacks on the energy infrastructure. This move is part of a broader strategy to ensure service continuity and energy resilience.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:03 am

FIS

FIS (NYSE:FIS) has launched a new automated matching platform for securities finance trades in the UK, aimed at increasing efficiency and reducing costs for lenders and borrowers. The platform uses smart automated matching technology to enhance risk management and mitigate single-point-of-failure risk. The solution is part of the FIS Securities Finance and Collateral Management product suite and is expected to expand into EU and U.S. markets.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:02 am

WD

Walker & Dunlop has arranged the $167 million sale of Millennium PQ, marking the second largest single-asset sale in California for 2024.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:32 am

AAPL

ASML

NVDA

TSM

ASML Holding NV (NASDAQ:ASML) exceeded Q2 earnings expectations with strong sales in China and high demand for AI chips. The company reported a net income of 1.6 billion euros on revenues of 6.2 billion euros, surpassing analysts' forecasts. New bookings surged to 5.6 billion euros, driven by demand from major chip manufacturers like Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM), which supplies NVIDIA Corp (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL). Despite U.S. export restrictions, ASML secured substantial orders.

Portfolio Pulse from Benzinga Neuro

July 17, 2024 | 6:18 am

ASX

ASE Technology's USI has officially opened its new Tonala Site in Mexico, expanding its global footprint. The grand ceremony on July 16th was attended by notable officials, highlighting the significance of this expansion.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:14 am

EWU

The U.K. Producer Price Index (PPI) Input for June decreased by 0.8% month-over-month, which is significantly lower than the estimated 0.1% increase and the prior month's -0.6%.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:04 am

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing for its second-quarter earnings call on July 23, with shareholders submitting numerous questions, particularly about the Cybertruck, Full Self Driving (FSD) technology, and robotaxi. Tesla delivered 443,956 vehicles in Q2, a 4.8% drop from last year but above consensus estimates. The company also achieved its highest quarterly energy storage deployment.

Portfolio Pulse from Anan Ashraf

July 17, 2024 | 5:45 am

BGI

Birks Group (AMEX:BGI) reported a significant improvement in its financial performance for the fiscal year. The company reduced its losses per share from C$(0.40) to C$(0.24) and increased its sales from C$162.95 million to C$185.28 million.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:42 am

ASML

ASML has provided its Q3 2024 financial outlook, expecting net sales between €6.7 billion and €7.3 billion, which is below the consensus of €7.608 billion. The company also anticipates a gross margin between 50% and 51%, with R&D costs around €1,100 million and SG&A costs around €295 million. ASML's full-year 2024 outlook remains unchanged, viewing 2024 as a transition year with significant investments in capacity and technology, driven by strong developments in AI.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:13 am