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ARM

ATEC

CFLT

HSBC

LAB

TDOC

TENB

UDMY

WDC

Several major stocks, including Western Digital, Udemy, and Teladoc Health, experienced significant declines in Thursday's pre-market trading session following the release of their quarterly financial results. Western Digital, despite beating earnings and sales estimates, saw a 6.5% drop. Other notable declines include Alphatec Holdings, Udemy, Teladoc Health, Tenable Holdings, Standard Biotools, Confluent, Arm Holdings, and HSBC Holdings.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 10:00 am

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) reported a 30% YoY increase in vehicle deliveries for July 2024, with 15,655 units delivered. Year-to-date deliveries reached 103,525, up 89% from the previous year. The company also launched its luxury flagship MPV, the ZEEKR 009, and announced details about its mid-large SUV, the ZEEKR 7X.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:57 am

SAVE

Spirit Airlines (NYSE:SAVE) reported Q2 2024 adjusted EPS of $(1.44), missing the $(1.36) estimate, and sales of $1.281B, missing the $1.294B estimate. This represents a significant decline from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:54 am

IGV

ORCL

TRFK

Thailand's AIS partners with Oracle to launch AIS Cloud, the country's first locally owned hyperscale cloud, leveraging Oracle Alloy. This collaboration aims to enhance enterprise solutions and meet data residency and sovereignty needs. Oracle's stock has gained 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 9:40 am

NIO

NIO reported the delivery of 20,498 vehicles in July 2024, with a year-to-date total of 107,924 vehicles, marking a 43.9% increase year-over-year. The deliveries included 11,964 premium smart electric SUVs and 8,534 premium smart electric sedans. Cumulative deliveries reached 557,518 as of July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:32 am

XPEV

XPeng Inc. (NYSE:XPEV) reported delivering 11,145 Smart EVs in July 2024, marking a 1% year-over-year and 4% month-over-month increase. The company has delivered 63,173 Smart EVs in the first seven months of 2024, a 20% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:22 am

TSLA

Tesla CEO Elon Musk announced that the company has a clear path to significantly improving its Full Self-Driving (FSD) technology by August, aiming to double the average miles between human interventions. This improvement is crucial as Tesla continues to enhance its autonomous driving capabilities. However, safety concerns remain, highlighted by a recent accident involving FSD.

Portfolio Pulse from Anan Ashraf

August 01, 2024 | 9:21 am

TSLA

Donald Trump, despite being endorsed by Elon Musk, has expressed opposition to widespread electric car adoption. This stance contrasts with Musk's vision for electric vehicles and could impact Tesla Inc. (NASDAQ:TSLA).

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 9:14 am

AAPL

AMZN

INTC

MSFT

NVDA

U.S. stocks settled higher on Wednesday as the Federal Reserve maintained interest rates. Nvidia recorded its best session since February, jumping 12.8%. Microsoft reported strong earnings, and Boeing announced a new CEO. The CNN Money Fear and Greed index showed improved market sentiment, remaining in the 'Neutral' zone.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 9:13 am

USO

Reuters reported that no policy change is expected at the upcoming OPEC+ JMMC meeting, according to three sources.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 9:12 am