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GOOG

GOOGL

Google shares are trading lower following a report that OpenAI is planning to launch 'SearchGPT,' a new search engine product.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:30 pm

CWST

Casella Waste Systems (NYSE:CWST) has seen a 4.77% increase in its short percent of float, now at 4.17% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 8.03 days to cover their short positions. The company's short interest is higher than its peer group average of 3.19%.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:30 pm

BIP

TRTN

Container shipping rates have risen significantly as shippers prepare for the peak holiday season. The cost of leasing a 40-foot container from China to the U.S. West Coast has increased notably from June to July. This surge is driven by large retailers managing inventories preemptively, raising concerns about the strength of underlying demand. Triton International Ltd. and Brookfield Infrastructure Partners are directly impacted by these changes.

Portfolio Pulse from Michael Juliano

July 25, 2024 | 6:25 pm

GSHD

MOH

MXL

NOC

TWOU

VKTX

Gold prices fell by 2.5%, while Northrop Grumman posted strong earnings and raised its guidance. U.S. stocks traded higher, with the Dow Jones gaining over 350 points. Notable stock movements included significant gains for Goosehead Insurance, Molina Healthcare, and Viking Therapeutics, while 2U, Edwards Lifesciences, and MaxLinear saw substantial declines.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 6:23 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) shares are trading higher after announcing the Teralynx 10 Ethernet switch device is in volume production. The switch is noted for its low power, low latency, and high bandwidth, making it suitable for AI deployments. Marvell shares had previously fallen due to a broader market decline but are now trading above their 50-day moving average. Analysts have a bullish outlook on the stock with an average 1-year price target of $88.80.

Portfolio Pulse from Erica Kollmann

July 25, 2024 | 6:22 pm

NOW

NVDA

ServiceNow Inc (NYSE:NOW) shares surged after the company beat Q2 earnings estimates. CEO Bill McDermott highlighted the company's strong performance and its exclusive enterprise AI platform, powered by NVIDIA Corp (NASDAQ:NVDA). ServiceNow's revenue grew 22%, and remaining performance obligations increased by 31%. The company's Now Assist business doubled quarter-over-quarter, driven by Gen AI. The partnership with NVIDIA has been crucial in building ServiceNow's AI stack, enhancing productivity and customer satisfaction.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 6:20 pm

BLNK

UPGR

WBAT

Blink Charging Co. (NASDAQ:BLNK) shares are trading higher after being selected as an official supplier in NASPO ValuePoint’s new EV Charging Station Portfolio. This contract allows Blink to provide EV charging solutions to public entities across the U.S. until May 31, 2027, with an option for renewal until 2029. The stock has lost 44% in the past year but is up 4.22% today. Investors can also gain exposure through WisdomTree Trust WisdomTree Battery Value Chain And Innovation Fund (BATS:WBAT) and Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ:UPGR).

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 6:18 pm

QQQ

Micron Technology Inc (NASDAQ:MU) shares are down roughly 1% amid overall market weakness, driven by potential further restrictions on China, comments on the China-Taiwan standoff, and recent tech earnings updates. The semiconductor sector, including Micron, is impacted by potential reductions in AI-related investments. Mixed macroeconomic signals add to the uncertainty.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 6:17 pm

CRM

Deep-pocketed investors have shown significant bearish interest in Salesforce (NYSE:CRM) through options trading, with a notable increase in both call and put volumes. The sentiment is mixed, with 40% bullish and 45% bearish. The stock is currently trading at $255.0, up by 2.09%, but RSI readings suggest it may be approaching overbought territory. Analysts have a consensus target price of $250.0.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:16 pm

PBM

POAI

Edwards Lifesciences Corporation (NYSE:EW) shares fell sharply after reporting worse-than-expected Q2 sales and issuing weak Q3 guidance. Despite beating EPS estimates, the stock dipped 26.9%. The company also acquired JenaValve and Endotronix. Other notable movers include Predictive Oncology Inc. (NASDAQ:POAI), Psyence Biomedical Ltd. (NASDAQ:PBM), and Ford Motor Company (NYSE:F).

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 6:12 pm