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QCOM

Huawei is nearing completion of its largest research center in Shanghai, focusing on semiconductor advancements despite U.S. sanctions. The center will house 30,000 personnel and cost $1.4 billion. The U.S. has revoked licenses for Huawei to purchase chips from Qualcomm and Intel, impacting these companies.

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 12:54 pm

UUP

June retail sales in the U.S. stagnated, leading traders to fully price in a September interest rate cut. The U.S. Dollar Index rose slightly, and Treasury yields trimmed losses. Fed Chair Jerome Powell's dovish comments and a potential weakening labor market could prompt the Fed to lower rates.

Portfolio Pulse from Piero Cingari

July 16, 2024 | 12:54 pm

SPY

USO

U.S. EIA and LSEG data indicate that U.S. power demand reached a preliminary hourly record high on Monday, the hottest day of the summer so far.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:47 pm

OCTO

Eightco Holdings reported Q1 revenue of $9.6 million, a decrease from $15.9 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:44 pm

NNE

NANO Nuclear Energy Inc. (NASDAQ:NNE) has been invited to represent the U.S. civil nuclear energy industry at the IAEA General Conference in Vienna, Austria. This event, organized by the U.S. Department of Commerce's International Trade Administration, will provide NANO Nuclear with valuable market insights and industry connections.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:42 pm

BKIV

CELH

GRPM

PEP

Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading marginally higher today after a significant drop yesterday. The stock has gained over 3.9% in the past year. TD Cowen analyst Vivien Azer maintained a Buy rating but lowered the price target from $85 to $68. The Wall Street Journal criticized Celsius for misleading health claims, and medical experts have questioned the validity of their studies. The stock has been in a downtrend due to poor sales growth and market share data from Nielsen, with Morgan Stanley warning of tough sales comparisons ahead. Analysts also noted an inventory reduction from PepsiCo, Inc. (NASDAQ:PEP).

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 12:41 pm

LVO

PODC

PodcastOne (NASDAQ:PODC) reported preliminary Q1 2025 revenue of $13M, surpassing estimates of $12.27M. The company, a subsidiary of LiveOne (NASDAQ:LVO), saw a 21% revenue increase compared to the same quarter last year. Key achievements include ranking #11 by Podtrac and launching 10 new podcasts.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:39 pm

LUNR

Intuitive Machines, Inc. (NASDAQ:LUNR) has successfully qualified the VR900 engine for its IM-2 lunar mission, advancing the development of its VR3500 engine for larger cargo class landers. The VR900 engine, designed and tested in-house, completed a full-duration hot-fire test, confirming increased performance. The company is now applying these design modifications to its larger engine system while finalizing the IM-2 mission lander's assembly.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:38 pm

MGOL

MGO Global has announced preliminary H1 revenue growth of 12%-15%, indicating a positive performance for the first half of the year.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:37 pm

GILD

Gilead Sciences, Inc. (NASDAQ:GILD) announced its program for the 25th International AIDS Conference (AIDS 2024), highlighting progress in HIV prevention, treatment, and cure research. Key initiatives include late-breaking results from HIV prevention research and person-centered approaches in treatment and cure programs.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:37 pm