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VNT

Vontier shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:45 pm

SPY

The S&P Global US Manufacturing PMI for July came in at 49.6, slightly above the estimated 49.5 but below the prior month's 51.6, indicating a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:45 pm

LLY

Eli Lilly's phase 3 clinical trial for tirzepatide shows a 38% reduction in heart failure risk among patients with HFpEF and obesity. The drug also met all key secondary endpoints, including significant weight reduction and improved exercise capacity. The safety profile was consistent with previous studies. Eli Lilly plans to submit the results to the FDA later this year.

Portfolio Pulse from Vandana Singh

August 01, 2024 | 1:45 pm

K

Kellanova (NYSE:K) reported strong Q2 results, with adjusted EPS and sales exceeding expectations. The company raised its FY24 guidance, leading to a 5.16% increase in its stock price.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 1:44 pm

AMTX

Aemetis shares were halted on a circuit breaker due to a significant drop, with the stock now down 20.9%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:40 pm

CTVA

KROP

VEGI

Corteva, Inc. (NYSE:CTVA) reported mixed second-quarter 2024 results with net sales of $6.11 billion missing estimates but adjusted EPS of $1.83 beating expectations. Revenue saw regional variances with Latin America up 7% and EMEA down 6%. Operating EBITDA increased by 10% Y/Y. The company plans a $1 billion share repurchase in 2024 and announced a new CFO appointment.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 1:40 pm

ING

ING Group shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:29 pm

CTSH

ZETA

Two tech stocks, Zeta Global Holdings Corp (NYSE:ZETA) and Cognizant Technology Solutions Corp (NASDAQ:CTSH), are showing overbought signals with RSI values above 70. Despite recent gains, these stocks may face short-term downward pressure.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 1:28 pm

W

Wayfair shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:27 pm

NVAX

Novavax Inc (NASDAQ:NVAX) shares are down 5.5% to $12.10 following Moderna's revised 2024 expectations due to low EU sales, potential revenue deferrals, and increased competition in the U.S. respiratory vaccine market. This has raised concerns about Novavax facing similar challenges.

Portfolio Pulse from Henry Khederian

August 01, 2024 | 1:26 pm