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BAC

BLK

UNH

The Dow Jones surged over 200 points amid improving investor sentiment, with the CNN Money Fear and Greed index remaining in the 'Greed' zone. Goldman Sachs reported better-than-expected Q2 results, while BlackRock shares edged lower after reporting their Q2 FY24 results. Investors are awaiting earnings results from Bank of America, Morgan Stanley, and UnitedHealth Group.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 7:39 am

AMZN

RXT

Basware has partnered with Rackspace Technology to enhance its ETL coding process using AI models trained on Amazon Bedrock and AWS. This collaboration aims to accelerate innovation and improve customer focus on business operations.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 7:07 am

Boeing has secured an order from Emirates SkyCargo for five additional 777 Freighters, which will boost main deck cargo capacity by 30% by 2026. Emirates' freighter fleet will grow to 17 airplanes, including 777 Freighters, 777 converted freighters, and 747 Freighters.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:52 am

TSLA

General Motors (GM) has delayed its target of producing one million electric vehicles (EVs) beyond 2025 due to slower market development, as stated by CEO Mary Barra. This follows a similar move by Ford (F), which has also delayed its EV production goals. The EV industry, including companies like Tesla (TSLA), is experiencing a slowdown.

Portfolio Pulse from Shanthi Rexaline

July 16, 2024 | 6:52 am

EGY

VAALCO Energy announced positive updates on its Svenska acquisition, increasing its proved reserves to 16.9 MMBOE as of December 31, 2023. The acquisition significantly expands VAALCO's assets in West Africa, particularly in Côte d'Ivoire, and offers substantial future development opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:36 am

JCTCF

Jewett-Cameron Trading (NASDAQ:JCTCF) reported a significant decline in its Q3 earnings and sales. The company's EPS dropped by 80.95% to $0.04 from $0.21 YoY, and sales decreased by 16.10% to $15.90 million from $18.95 million YoY.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:44 am

ALGT

Allegiant Air has announced the expansion of its network with eight new routes, offering one-way fares starting at $39 to 13 cities.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:42 am

BBJP

DXJ

EWJ

The Japan Tertiary Industry Activity Index for the month showed a decline of 0.4%, missing the estimated growth of 0.1% and down from the prior month's 1.9% increase. This could impact ETFs with significant exposure to the Japanese market.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 4:32 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin extended their rally following a failed assassination attempt on Donald Trump and positive comments from Federal Reserve Chair Jerome Powell. Bitcoin surged past $64,000, Ethereum entered the $3,400 zone, and Dogecoin saw significant gains. The global cryptocurrency market cap increased by 5.35% to $2.37 trillion. Analysts advise caution, predicting potential pullbacks and retests for Bitcoin.

Portfolio Pulse from Aniket Verma

July 16, 2024 | 2:35 am

CURLF

TCNNF

VRNOF

The Libertarian Party of Florida has endorsed the adult-use cannabis legalization measure, signaling a shift in voter sentiment. Hemp executives have pledged $5M to Florida's GOP after Governor DeSantis vetoed a bill that would have impacted the hemp industry. Major cannabis companies like Trulieve, Curaleaf, and Verano are expanding their market presence in Florida. Verano and Curaleaf are set to report their Q2 results on August 7th, with expectations of lower-end revenue and EBITDA estimates.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:19 am