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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

AMD

CAT

ON

PFE

US stocks closed higher on Monday, with the S&P 500 gaining 3.1% to record its fifth straight positive month, and the Dow Jones rising about 3.4%. ON Semiconductor Corporation shares gained 2.5% after reporting upbeat Q2 results and Q3 guidance. Investors are awaiting earnings results from Pfizer Inc., Advanced Micro Devices, Inc., and Caterpillar Inc.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 6:42 am

GM

RIVN

TSLA

Tesla's Cybertruck is speculated to weigh less than Rivian's R1T and GM's Hummer EV, according to teardown experts Sandy Munro and Cory Steuben. The Cybertruck's weight is estimated to be around 6,800 pounds, compared to Rivian R1T's weight of over 7,000 pounds and Hummer's 9,000 pounds. The lighter weight is attributed to the Cybertruck's efficient structural battery pack and the absence of a frame. The Cybertruck is expected to boost Tesla's volume when production ramps up in 2024.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 6:35 am

AUDC

AudioCodes (NASDAQ:AUDC) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. However, this is a 52.94% decrease from the same period last year. The company's quarterly sales of $60.20 million missed the analyst consensus estimate of $60.38 million by 0.30%, marking an 11.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:07 am

EWU

The U.K. Nationwide Housing Price Index for July shows a month-on-month decrease of 0.2%, matching estimates, but down from the prior 0.1%. The year-on-year index shows a decrease of 3.8%, also matching estimates, but down from the prior 3.5%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:02 am

BTCUSD

The BALD meme coin, created to mock Coinbase CEO Brian Armstrong, experienced an 89.4% drop in value after the token's deployer removed $25.6 million in liquidity. This tactic, known as a 'rug pull', is common in the crypto world. Blockchain watchers have pointed to former FTX CEO Sam Bankman-Fried as a potential culprit. Bitcoin (CRYPTO: BTC) was trading at $28,923, down 1.41% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 01, 2023 | 5:52 am

CTNT

Cheetah Net Supply Chain Service has announced the pricing of its Initial Public Offering (IPO) at $4 per share, aiming to raise a total of $5 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 5:45 am