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TRNS

Transcat shares are trading lower after the company reported worse-than-expected Q1 revenue results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:22 pm

CNSP

CNS Pharmaceuticals, Inc. (NASDAQ:CNSP) initially saw its shares rise on Tuesday following the announcement of an exclusive license agreement with Cortice Biosciences for TPI 287, a potential treatment for glioblastoma multiforme (GBM). However, the stock later reversed and is now trading 60% lower at 41 cents. The agreement includes the issuance of 616,698 shares of CNS common stock and potential future milestone payments. CNS plans to consult with the FDA and start a study in 2025.

Portfolio Pulse from Dylan Berman

July 30, 2024 | 4:21 pm

NEO

NeoGenomics shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:19 pm

CWK

Cushman & Wakefield shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:17 pm

EKSO

IMNN

JBLU

PCSA

PG

QXO

SMRT

U.S. stocks traded mixed with the Nasdaq Composite falling around 1%. Procter & Gamble shares fell 6% after missing Q4 sales estimates but beating EPS expectations. Imunon, JetBlue, and Processa Pharmaceuticals saw significant gains due to positive news, while QXO, Ekso Bionics, and SmartRent experienced sharp declines.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 4:16 pm

AGCO

AGCO Corporation (NYSE:AGCO) shares are trading lower after reporting worse-than-expected Q2 financial results and lowering its FY24 guidance. The company missed analyst expectations for both earnings and sales, and announced significant production cuts and a sale of its Grain & Protein business.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 4:14 pm

CCJ

EGRAF

RIO

Uranium prices have surged to 16-year highs due to supply uncertainties and rising demand, particularly for AI data centers. Cameco (NYSE:CCJ) is locking in higher contract prices, while Energy Resources of Australia (OTCPK:EGRAF) and Rio Tinto (NYSE:RIO) face challenges due to Australia's mining ban at the Jabiluka site.

Portfolio Pulse from Stjepan Kalinic

July 30, 2024 | 4:13 pm

QQQ

SPY

August is historically a weak month for stock market returns, with major indices like the S&P 500, Nasdaq 100, and NYSE Composite showing low to negative average returns. The SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) reflect these trends. Investors should consider seasonality as one of many factors in their trading decisions.

Portfolio Pulse from Cory Mitchell

July 30, 2024 | 4:13 pm

IPGP

IPG Photonics shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:12 pm

AMD

Advanced Micro Devices Inc (NASDAQ:AMD) is set to report its second-quarter financial results after the market close on Tuesday. Analysts expect earnings of 68 cents per share on revenue of $5.724 billion. AMD has consistently met or exceeded analyst estimates for six straight quarters. Recent analyst coverage suggests strong quarterly results, with several analysts maintaining positive ratings and adjusting price targets. AMD shares were down 2.38% at $136.43 at the time of publication.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 4:11 pm