Streetbeat News

Stock Prices

CRUZ

CRWD

DAL

JETS

MSFT

Delta Air Lines (NYSE:DAL) expects a $380 million revenue impact for the September quarter due to an outage caused by CrowdStrike (NASDAQ:CRWD), leading to 7,000 flight cancellations. Delta is pursuing legal claims against CrowdStrike and Microsoft (NASDAQ:MSFT) for damages totaling at least $500 million. The outage also resulted in $170 million in non-fuel expenses and a $50 million reduction in fuel expenses. DAL stock has lost around 12% in the last 12 months. Investors can gain exposure via U.S. Global Jets ETF (NYSE:JETS) and Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ).

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 10:16 am

AMRX

Amneal Pharmaceuticals has updated its 2024 adjusted EPS guidance to a range of $0.57-$0.63, up from the previous range of $0.53-$0.63. This new guidance is in line with the consensus estimate of $0.61.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:10 am

AMRX

Amneal Pharmaceuticals has raised its full-year 2024 guidance, expecting revenues between $2.70 billion and $2.80 billion, up from the prior guidance of $2.55 billion to $2.65 billion. The company also increased its adjusted EBITDA, adjusted diluted EPS, and operating cash flow projections.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:09 am

SATS

EchoStar reported its Q2 2024 financial results, with a GAAP EPS of $(0.76), missing the estimate of $(0.17). Sales were $3.953 billion, also missing the estimate of $3.983 billion.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:08 am

IMOS

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) reported a 12.4% year-over-year revenue growth for July 2024, driven by strong DDIC demand and improved inventory levels. The revenue for July 2024 was NT$2,063.4 million (US$63.1 million), marking a 7.6% increase from June 2024.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:06 am

MNMD

Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) announced a proposed public offering to fund the research and development of its product candidates. The terms of the offering are currently undisclosed.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:04 am

AAPL

AMZN

GOOGL

IWM

MAGS

META

MSFT

NVDA

QQQ

TSLA

Morgan Stanley analysts, led by Erik Woodring, have analyzed the recent sell-off's impact on mega-cap stocks, particularly the 'Magnificent Seven' (Nvidia, Microsoft, Meta, Apple, Alphabet, Amazon, and Tesla). Despite a 9% average decline month-to-date, these stocks are seen as attractive due to their future growth prospects. The analysis suggests that while there is downside risk in a recession scenario, the Magnificent Seven may outperform small-caps if the economy avoids a hard landing. ETFs like Invesco QQQ Trust, Roundhill Magnificent Seven ETF, and iShares Russell 2000 ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

August 09, 2024 | 10:03 am

FREY

FREYR Battery (NYSE:FREY) reported a Q2 2024 GAAP EPS of $(0.19), missing the analyst consensus estimate of $(0.18) by 5.56%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:01 am

AMZN

PDD

Colin Huang, founder of PDD Holdings (NASDAQ:PDD), has become China's richest person, surpassing Zhong Shanshan. This is attributed to the successful expansion of Pinduoduo's operations under the Temu brand, which rivals Amazon (NASDAQ:AMZN). Amazon is ramping up its recruitment of sellers in China to compete with Temu.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 9:49 am

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) reported a 44.7% year-over-year revenue increase for July 2024, leading to a 3.54% rise in pre-market trading. Despite production issues with Nvidia's AI chips, analysts predict strong third-quarter revenue growth for TSMC.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 9:40 am