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HD

IR

L

A tropical wave in the Atlantic Ocean may strengthen into a tropical storm as it approaches the U.S. coastlines, particularly Florida and the Carolinas. Companies involved in electric generators and retail showed mixed stock performances in response.

Portfolio Pulse from Michael Juliano

July 31, 2024 | 6:26 pm

DAN

Dana shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:25 pm

MTLS

Materialise NV shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:25 pm

BP

Goldman Sachs has revised estimates for BP p.l.c. (NYSE:BP) following its Q2 FY24 results. Despite missing revenue expectations, BP beat profit estimates and announced a 10% dividend increase and $1.75 billion in share buybacks. The analyst highlighted BP's high free cash flow yield and capital efficiency improvements, reiterating a Buy rating with a $48 price target.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 6:22 pm

AMD

AVGO

NVDA

QCOM

TXN

A new Biden administration rule expanding U.S. powers to stop semiconductor manufacturing equipment exports to China is seen as a positive for the chip sector. The rule aims to restrict exports from certain foreign countries to China, benefiting U.S. chipmakers. Stocks of major U.S. chip companies like Nvidia, Broadcom, AMD, Texas Instruments, and Qualcomm saw significant gains following the news.

Portfolio Pulse from Michael Juliano

July 31, 2024 | 6:22 pm

SPY

STLA

The United Auto Workers (UAW) union has endorsed Vice President Kamala Harris over former President Donald Trump. This endorsement could influence the automotive industry and related stocks.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:22 pm

CEG

Constellation Energy Corporation shares are trading higher today following the release of results from the annual power market auction by PJM Interconnection.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:18 pm

HUMA

Humacyte shares are trading higher following the announcement of topline results from its V007 Phase 3 trial of Acellular Tissue Engineered Vessel.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:17 pm

CMCSA

DKNG

Simone Biles helped Team USA win gold in the 2024 Summer Olympics team all-around gymnastics event. She and Suni Lee will compete in the individual all-around championship, with Biles favored to win. DraftKings provides betting odds, and the event will be broadcast on NBC and Peacock, potentially benefiting Comcast.

Portfolio Pulse from Chris Katje

July 31, 2024 | 6:15 pm

CHK

Chesapeake Energy (NYSE:CHK) has seen a 5.87% increase in its short percent of float, now at 14.8% of all regular shares available for trading. This is higher than the peer group average of 5.84%. It would take traders 13.85 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:15 pm