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SPOT

Spotify shares are trading higher following Q2 earnings.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 10:06 am

SPOT

Spotify Technology reported its Q2 2024 earnings with a GAAP EPS of €1.33, beating the estimate of €1.08. However, its sales of €3.807 billion slightly missed the estimate of €3.812 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:05 am

UPS

United Parcel Service (UPS) reported Q2 2024 earnings of $1.79 per share, missing the analyst estimate of $1.99. Sales were $21.820 billion, also below the $22.183 billion estimate. Both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:04 am

DJT

Trump Media & Technology Group (NASDAQ:DJT) stock is trading lower on Tuesday, continuing its downward trend despite President Joe Biden's withdrawal from the 2024 Presidential race. The stock had surged 13% last week due to favorable news about Donald Trump. However, concerns arise as the stock's high valuation is closely tied to Trump's popularity, and the expiration of lockup agreements on September 25 may lead to a sell-off. The upcoming second-quarter earnings report in August will be crucial.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 9:53 am

AMD

INTC

NVDA

NXPI

NXP Semiconductor shares dropped 7.7% in pre-market trading due to a lower-than-expected Q3 revenue forecast, driven by a slowdown in automotive demand and geopolitical tensions. The company expects Q3 revenue between $3.15 billion and $3.35 billion, below estimates of $3.35 billion. Other chip stocks like Nvidia, AMD, and Intel also traded lower in the pre-market.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 9:53 am

SAP

SAP shares are trading higher after the company reported Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:51 am

NXPI

NXP Semiconductors shares are trading lower following mixed Q2 earnings and soft Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 9:50 am

FEIM

MIRA

NMHI

RNAZ

SAP

SOAR

SAP SE (NYSE:SAP) shares rose 5.9% in pre-market trading despite missing earnings and sales estimates for Q2. Other notable pre-market movers include Nature’s Miracle Holding Inc. (NASDAQ:NMHI), Volato Group, Inc. (NYSE:SOAR), and Frequency Electronics, Inc. (NASDAQ:FEIM) among gainers, and TransCode Therapeutics, Inc. (NASDAQ:RNAZ) and MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) among losers.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 9:29 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' predicts a significant surge in Bitcoin, gold, and silver prices if Donald Trump wins the 2024 election. He suggests that a Trump presidency would lead to a weaker dollar, boosting exports and job creation, and consequently driving up asset prices. Kiyosaki forecasts Bitcoin reaching $105,000, gold rising to $3,300 per ounce, and silver to $79 per ounce by August 2025.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 9:27 am

MUFG

SMFG

TM

Toyota Motor Corp. (NYSE:TM) has announced a $5.2 billion share buyback from key Japanese banks and insurers as part of a broader strategy to untangle its shareholdings. The shares will be bought back at an 11% discount to their closing price. This move aligns with the Japanese government's push for corporations to dismantle cross-held shares. Toyota's shares have climbed 26% this year, and its EV sales have quadrupled in the second quarter.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 9:23 am