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LI

Li Auto Inc. reported a 227.5% YoY increase in vehicle deliveries for July 2023, with a total of 34,134 vehicles delivered. This marks the second consecutive month of deliveries surpassing the 30,000 mark. The cumulative deliveries for 2023 reached 173,251 vehicles by the end of July.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 8:37 am

TPR

Barclays analyst Adrienne Yih has upgraded Tapestry (NYSE:TPR) from Equal-Weight to Overweight.

Portfolio Pulse from richadhand@benzinga.com

August 01, 2023 | 8:31 am

AMD

ANET

CAT

PFE

WDC

Pfizer, Western Digital Corporation, Advanced Micro Devices, Arista Networks, and Caterpillar are the stocks to watch heading into Tuesday. Pfizer is expected to post quarterly earnings of 57 cents per share on revenue of $13.17 billion. Western Digital reported better-than-expected Q4 results but issued a weak Q1 forecast. Advanced Micro Devices is expected to have earned 57 cents per share on revenue of $5.32 billion for the latest quarter. Arista Networks posted upbeat Q2 results. Caterpillar is expected to report quarterly earnings at $4.51 per share on revenue of $16.50 billion.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 8:29 am

AAPL

Apple Inc.'s 16-inch 2021 MacBook Pro with the M1 Pro chip is now available at a discount of $1,250, bringing its price down to an all-time low of $1,449. The deal is offered by Woot and applies to the 16-inch MacBook Pro with 16GB of RAM and a 512GB SSD. The MacBook Pro features a 16.2-inch Liquid Retina XDR display, a 10-core CPU and 16-core GPU, and is rated to deliver 21 hours of usage on a single charge.

Portfolio Pulse from Rounak Jain

August 01, 2023 | 8:29 am

VGK

The Eurozone Manufacturing Purchasing Managers Index (PMI) for July is reported at 42.7, which is in line with estimates but lower than the prior figure of 43.4.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 8:05 am

EWG

VGK

Germany's unemployment rate for July was 5.6%, lower than the estimated 5.7% and the previous month's 5.7%. The unemployment change was -4K, better than the estimated 20K and the prior 28K.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 8:04 am

EWG

VGK

Germany's Manufacturing Purchasing Managers Index (PMI) for July remained at 38.8, matching estimates but lower than the previous month's 40.6.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 8:02 am

EWQ

The France Manufacturing Purchasing Managers Index (PMI) for July is reported at 45.1, slightly higher than the estimated 44.5, but lower than the previous month's 46.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 7:59 am

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) has been selected by the Department of Defense to support coordination between federal and commercial licensees of the 3450-3550 MHz spectrum band. The financial terms of the deal were not disclosed. The government segment is a major revenue earner for Palantir, contributing 55% or $289 million to the total revenue in Q1 2021. Palantir's stock has been on a rise since it was initiated with a bullish recommendation by Wedbush analyst Daniel Ives.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 7:51 am

UBER

Uber Technologies, Inc. is expected to report a narrower Q2 loss of 1 cent per share, compared to a year-ago loss of $1.33 per share, with revenues of $8.46 billion. Several analysts have recently raised their price targets for Uber, with the highest target set at $75 by Evercore ISI Group analyst Mark Mahaney.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 7:42 am