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AAPL

GOOG

GOOGL

Alphabet (GOOGL, GOOG) faces a significant antitrust ruling, deemed 'credit negative' by Moody's, which may force the company to alter its profitable business model. The ruling also negatively impacts Apple (AAPL) due to its revenue from Google being the default search engine on iOS devices. The financial implications for both companies will become clearer during the remedy phase of the trial.

Portfolio Pulse from Shanthi Rexaline

August 08, 2024 | 6:46 am

FBLG

FibroBiologics, Inc. (NASDAQ:FBLG) reported Q2 earnings of $0.03 per share, significantly beating the analyst consensus estimate of $(0.09) and showing a 137.5% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:40 am

BLBD

LLY

OM

PH

USFD

Eli Lilly, US Foods, Blue Bird, Outset Medical, and Parker-Hannifin are stocks to watch today. Eli Lilly and US Foods are expected to report earnings, Blue Bird reported strong Q3 results and a new CEO, Outset Medical reported poor Q2 results and cut FY24 guidance, and Parker-Hannifin is also expected to report earnings.

Portfolio Pulse from Avi Kapoor

August 08, 2024 | 6:26 am

AMD

SMCI

The article discusses a trading strategy implemented during a market downturn, focusing on hedging and adding positions based on specific stock metrics. Super Micro Computer, Inc. (SMCI) and Advanced Micro Devices, Inc. (AMD) are highlighted, with a detailed example of a successful trade involving SMCI.

Portfolio Pulse from David Pinsen

August 08, 2024 | 6:26 am

ORLY

O'Reilly Automotive (NASDAQ:ORLY) experienced a Power Inflow, indicating a shift from net selling to net buying, which is seen as a bullish signal. The stock price rose to $1140.90 at market close, marking a 1.60% increase from the Power Inflow price of $1122.87. This event suggests potential for an uptrend in ORLY's stock.

Portfolio Pulse from jacob@finit.co.kr

August 08, 2024 | 6:25 am

TSLA

Former Tesla executive Rohan Patel praised California Governor Gavin Newsom for his support of Tesla despite CEO Elon Musk's criticisms. Patel emphasized that political disagreements with Musk do not equate to opposition to Tesla. Newsom's recent praise for Rivian highlights increased competition in the EV market, with Tesla's new registrations in California falling by 17% in the first half of 2024, while Rivian's rose by nearly 77%. Despite this, Tesla's Model Y remains the best-selling EV in the state.

Portfolio Pulse from Anan Ashraf

August 08, 2024 | 6:19 am

CRH

CRH has announced a new phase of its share buyback program, entering into an agreement with BNP Paribas Securities Corp. to repurchase up to $0.3 billion worth of its ordinary shares listed on the New York Stock Exchange. This phase will run from August 8, 2024, to November 6, 2024. Since May 2018, CRH has returned a total of $7.9 billion to shareholders through its buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:16 am

CRH

CRH has raised its 2024 outlook, now expecting EPS of $5.40-$5.60 (previously $5.15-$5.45) and adjusted EBITDA of $6.82B-$7.02B (previously $6.55B-$6.85B). The company cites strong financial performance, positive business momentum, and recent portfolio activity as reasons for the improved guidance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:13 am

SMCI

The Nikkei 225 index rebounded by 10.23% after a historic drop, driven by an emergency meeting by the Bank of Japan and Ministry of Finance. The article discusses a strategy of adding long positions on down days, mentioning a bullish bet on Super Micro Computer Inc. (NASDAQ:SMCI). It also outlines a plan to short a weak regional bank based on specific screening criteria.

Portfolio Pulse from David Pinsen

August 08, 2024 | 6:11 am

VRNA

Verona Pharma (NASDAQ:VRNA) reported Q2 2024 GAAP EPS of $(0.11), significantly beating the analyst consensus estimate of $(0.38). The company also reported a cash position of $404.6M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 6:06 am