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TSLA

The global electric vehicle (EV) market continues to grow, with China leading the charge with a 31% increase in sales over the past year. In contrast, EV sales in the EU and UK have declined by 8%. Tesla's sales in China surged by 15% year-on-year in July, despite a dip in the overall NEV market. The European Commission has imposed provisional tariffs on Chinese EV imports, which will have a lesser impact on Tesla and BYD. BYD's pure EV sales fell by nearly 4% in July, raising concerns about EV demand.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 1:56 pm

DELL

HRL

LFUS

LNT

SBUX

Top Wall Street analysts have upgraded their ratings for Dell Technologies, Hormel Foods, Starbucks, Alliant Energy, and Littelfuse. These upgrades include new price targets and improved outlooks, potentially impacting the stock prices of these companies.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:55 pm

MAR

Marriott International (NASDAQ:MAR) has filed a lawsuit against franchisee Pride Hotel LLC for unauthorized use of a hotel property as a migrant shelter, claiming significant brand harm and seeking over $2.6 million in damages. The legal action highlights the broader financial and operational challenges faced by businesses and the city amid New York's migrant crisis.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 1:54 pm

OGI

Organigram shares are trading higher after the company reported better-than-expected Q3 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:54 pm

APLM

CXAI

GNPX

SYRS

TELA

VEV

U.S. stocks surged with the Nasdaq Composite gaining over 200 points. The Dow and S&P 500 also saw gains. Information technology shares climbed, while energy shares fell. U.S. producer prices rose 0.1% in July. Notable stock movements included Vicinity Motor Corp. (VEV) up 154%, CXApp Inc. (CXAI) up 92%, and Apollomics, Inc. (APLM) up 41%. Syros Pharmaceuticals, Inc. (SYRS) dropped 59%, Genprex, Inc. (GNPX) fell 32%, and TELA Bio, Inc. (TELA) fell 30%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:54 pm

IDAI

T Stamp (NASDAQ:IDAI) reported a Q2 EPS loss of $(0.21), beating the analyst consensus estimate of $(0.23) by 8.7%. This represents a 34.38% improvement over the $(0.32) loss per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:53 pm

BTCUSD

Technical analyst Altcoin Sherpa shared his outlook for Bitcoin, indicating uncertainty in the short term. He suggested bidding if prices reach $56,000-$58,000 and cutting trades if Bitcoin drops below $54,000. Despite a 101.5% surge in the past year, Bitcoin remains bearish on the 1-day market structure.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 1:52 pm

AEMD

GOVX

INO

MRNA

SIGA

TNXP

The Africa CDC has declared Mpox a public health emergency of continental security, highlighting the urgency and potential impact of the disease on the continent.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:51 pm

SRZN

Surrozen shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:50 pm

JNJ

Johnson & Johnson (NYSE:JNJ) has made significant progress in resolving lawsuits related to its baby powder allegedly causing cancer. Over 75% of plaintiffs have agreed to a $6.5 billion settlement proposal. This milestone could lead to a fast-tracked Chapter 11 bankruptcy filing to manage liabilities. Despite this progress, J&J still faces legal challenges.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 1:50 pm