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EWG

VGK

Germany's Manufacturing Purchasing Managers Index (PMI) for July was reported at 38.8, lower than the estimated 41 and the prior figure of 40.6.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 7:31 am

EWQ

VGK

France's Services Purchasing Managers Index (PMI) for July was reported at 47.4, lower than the estimated 48.4 and the previous month's 48. This indicates a contraction in the services sector.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 7:16 am

EWQ

VGK

France's Manufacturing Purchasing Managers Index (PMI) for July came in at 44.5, lower than the estimated 46 and the prior figure of 46. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 7:16 am

TSLA

A Twitter user claimed to have purchased a Tesla Model 3 for under $15,000 before taxes and fees, thanks to a combination of rebates, federal tax credits, and a discount from inventory. The base Model 3 starts at $40,240 and qualifies for a $7,500 credit, along with all other versions of the vehicle. However, Tesla has begun warning potential customers that the tax credit may be reduced starting next year.

Portfolio Pulse from Anan Ashraf

July 24, 2023 | 7:09 am

EWJ

Japan's Nikkei 225 index rose by 1.23% to end the session at 32,700.94, led by gains in automakers, chip-related stocks, and steel companies. This was amid a weaker yen and a reported au Jibun Bank Japan Services Purchasing Managers' Index of 53.9. The USD/JPY was down 0.17% to 141.54.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 7:00 am

RYAAY

Ryanair expects FY24 traffic to grow by 9% to approximately 183.5 million, which is slower than the originally expected 185 million due to Boeing delivery delays. The cost gap between Ryanair and competitor airlines continues to widen. The company expects an increase of approximately €2 in exfuel unit costs this year due to various factors. Q2 bookings are strong, but the fare increase in Q2 will be much lower than in Q1.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:40 am

PHG

Philips has revised its FY23 expectations to mid-single-digit comparable sales growth and an adjusted EBITA margin at the upper end of the high-single-digit range. This is due to improved performance in H1, a solid order book, and ongoing actions to improve execution. The outlook excludes the impact of ongoing litigation and a US Department of Justice investigation related to the Respironics field action.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 5:41 am

AXP

CSX

DPZ

NXPI

WHR

The CNN Money Fear and Greed index showed improved sentiment among U.S. investors as the Dow Jones recorded gains for a tenth straight session. The Dow rose 2.08% on a weekly basis, while the S&P 500 added 0.69%. American Express Company (AXP) and CSX Corporation (CSX) shares fell after reporting mixed and worse-than-expected Q2 results respectively. Investors are awaiting earnings results from Domino's Pizza, Inc. (DPZ), Whirlpool Corporation (WHR) and NXP Semiconductors N.V. (NXPI).

Portfolio Pulse from Lisa Levin

July 24, 2023 | 5:32 am

CVX

Chevron has reported a record 2Q23 Permian Basin production of 772,000 barrels of oil equivalent per day, marking an 11% YoY increase. The company's well performance in early 2023 is on track with full year guidance, and its deep resource inventory and advantaged royalty position is expected to deliver strong cash flow through 2040.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 5:12 am

BTCUSD

DOGEUSD

TSLA

Tesla Inc (NASDAQ:TSLA) has reportedly removed Bitcoin (CRYPTO: BTC) as a payment option from its source code, while retaining Dogecoin (CRYPTO: DOGE). This comes amid increased regulatory scrutiny and environmental concerns over Bitcoin. However, Tesla has not officially confirmed this change. The company did not transact in Bitcoin in Q2 2023, and as of June 30, 2023, it held digital assets worth $184 million.

Portfolio Pulse from Mehab Qureshi

July 24, 2023 | 4:54 am