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AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years, producing an average annual return of 14.02%. A $1000 investment in AXP 15 years ago would be worth $7,203.46 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:33 pm

TAK

Takeda Pharmaceutical Co Ltd (NYSE:TAK) stock is trading higher due to the European Commission's approval of Adzynma for treating ADAMTS13 deficiency in cTTP patients. This approval is based on positive Phase 3 trial results showing Adzynma's efficacy and safety compared to plasma-based therapies.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:29 pm

TSLA

Tesla shares are trading lower following a recall of vehicles in China.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:28 pm

ARM

AVGO

LRCX

MPWR

NVDA

NXPI

OLED

Shares of semiconductor and chip stocks are trading lower amid overall weakness in tech. The sector may also be down in sympathy with Supermicro, which fell after reporting quarterly earnings.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:25 pm

WOLF

Wolfspeed shares are trading lower after New Street Research downgraded the stock from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:24 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading lower after the company issued its July 2024 investor update. The update revealed a decrease in Bitcoin mining output and operational challenges, but also highlighted growth in AI Cloud Services revenue and future expansion plans.

Portfolio Pulse from Dylan Berman

August 07, 2024 | 6:20 pm

CXM

GOOGL

RDDT

Reddit, Inc (NYSE:RDDT) is seeing positive analyst sentiment due to partnerships with OpenAI, Google, and Sprinklr, and strong financial performance. Analysts from Piper Sandler, JMP, and Goldman Sachs have provided favorable ratings and price targets, citing revenue and EBITDA growth. Despite this, Reddit's stock traded lower by 7.01% at $50.61.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 6:17 pm

EXEL

Exelixis, Inc. (NASDAQ:EXEL) announced mixed results from its phase 3 CONTACT-02 trial, showing significant progression-free survival but not overall survival. Despite this, the company plans to submit a supplemental marketing application to the FDA in 2024. Exelixis reported strong Q2 earnings, beating both EPS and sales expectations, and raised its 2024 revenue guidance. An analyst from William Blair reiterated an Outperform rating, citing the company's defensive investment profile.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:16 pm

VCYT

Veracyte, Inc. (NASDAQ:VCYT) reported strong Q2 results with sales of $114.43 million, up 27% YoY, and adjusted EPS of $0.30, beating expectations. The company raised its full-year 2024 revenue guidance and received positive analyst ratings. VCYT stock rose 24.60% following the news.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:08 pm

CAT

Caterpillar Inc. (NYSE:CAT) reported strong Q2 results, beating earnings estimates and demonstrating resilience despite a macroeconomic slowdown. Analysts from BofA Securities, Truist Securities, Goldman Sachs, and RBC Capital Markets provided positive ratings and insights, highlighting strong margins, pricing, and inventory management.

Portfolio Pulse from Priya Nigam

August 07, 2024 | 6:08 pm