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ETHE

IBIT

Bitcoin has rebounded significantly, nearing $70,000, with key indicators suggesting continued growth. Increased market capitalization of stablecoins Tether and Circle, fair mining profitability, and large inflows into Bitcoin Spot ETFs, particularly BlackRock's ETF, are contributing factors. Despite concerns, Mt. Gox repayments have not caused market panic. Ethereum spot ETFs, however, saw net outflows recently.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 1:42 pm

GM

General Motors CFO Paul Jacobson has purchased 25,000 shares of the company at an average price of $44.11, totaling $1,102,750, as reported in a Form 4 filing.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:41 pm

SMR

Shares of NuScale Power (SMR) have dropped following the circulation of a report by Hunterbrook. The report appears to have negatively impacted investor sentiment, causing a notable decline in the stock price.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:36 pm

MCD

McDonald's CFO announced that the company expects to raise prices less this year, indicating a potential stabilization in pricing strategy.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:32 pm

CCB

Coastal Financial (NASDAQ: CCB) reported Q2 earnings per share (EPS) of $0.84, beating the analyst consensus estimate of $0.80 by 5%. However, this represents an 11.58% decrease from the $0.95 EPS reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:28 pm

MCD

McDonald's CEO reports losing market share in France, maintaining share in China despite weak diner sentiment, and experiencing negative Q3 comp trends across all segments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:23 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) announced a multi-year partnership with Tree Energy Solutions to leverage its AI software for green energy transition and decarbonization. This partnership is a significant step for both companies, enhancing data-driven decision-making in the energy sector. Palantir is also set to report its Q2 financial results on Aug. 5, with expectations of earnings of 8 cents per share and revenue of $652.141 million. The company has shown consistent GAAP profitability and has received a bullish price target of $50 from Wedbush analyst Dan Ives.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:22 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher as Bitcoin rises following former President Donald Trump's advocacy for crypto at the Bitcoin Conference. Trump vowed to make the U.S. a bitcoin superpower and create a national bitcoin stockpile. MicroStrategy executive chair Michael Saylor also spoke at the conference, predicting significant future value for Bitcoin. MicroStrategy, which holds 226,331 bitcoins, will report Q2 financial results on Aug. 1 and enact a 10-for-1 stock split.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:21 pm

AVTR

Avantor, Inc. (NYSE:AVTR) reported better-than-expected Q2 earnings, posting adjusted earnings of 25 cents per share against market estimates of 23 cents per share. The company also reported sales of $1.703 billion, in line with estimates. Following the earnings report, analysts from Baird and Stifel raised their price targets for Avantor. The stock gained 12.2% to close at $25.60 on Friday.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 1:11 pm

BYDDF

LI

NIO

TSLA

XPEV

China's BYD has announced a price reduction of 50,000 Yuan on its hybrid SUV BAO 5, which is part of the Offroad FANGCHENGBAO lineup. This move is likely to impact the competitive landscape in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:08 pm