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Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:22 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after the company reported better-than-expected financial results for the fourth quarter. The company achieved a Q4 revenue of $229.882 million and an EPS of 4 cents, both surpassing estimates. Tilray saw significant growth in its cannabis and beverage-alcohol segments, while also reducing its net convertible debt by about $300 million. Despite the positive results, Zuanic & Associates maintained a Neutral rating on the stock.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 1:17 pm

AAPL

AMZN

MAGS

META

MSFT

The Magnificent Seven, a group of elite tech companies, face a crucial market test as four mega-cap tech giants—Microsoft, Meta Platforms, Amazon, and Apple—report their quarterly earnings this week. The Roundhill Magnificent Seven ETF recently experienced its worst day since inception, highlighting market volatility. Analysts are closely watching investor sentiment and potential shifts in market dynamics.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 1:15 pm

VBIV

Trading for VBIV was halted at 9:15:00 a.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:15 pm

CRWD

DAL

MSFT

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading lower following reports that Delta Air Lines Inc (NYSE:DAL) will seek compensation for a recent IT outage. Delta has hired attorney David Boies to seek damages from CrowdStrike and Microsoft Corp (NASDAQ:MSFT). The outage, which was not a security incident, caused significant financial losses for Delta and other companies. Despite the negative news, Needham analyst Alex Henderson maintained a Buy rating on CrowdStrike but lowered the price target from $425 to $375.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 1:12 pm

ON Semiconductor Corp (NASDAQ:ON) reported better-than-expected Q2 2024 financial results, with revenue and EPS beating analyst estimates. The company also provided a positive outlook for Q3. Analysts have raised their price targets following the announcement.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 1:12 pm

HYPR

Hyperfine, Inc. (NASDAQ:HYPR) presented initial data from observational clinical studies at the 2024 Alzheimer's Association International Conference (AAIC) in Philadelphia. The data highlights the use of their portable MR brain imaging system, Swoop®, in detecting amyloid-related imaging abnormalities (ARIA) in Alzheimer's patients.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:09 pm

AMZN

HDRO

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading marginally higher in the premarket session after announcing the hiring of Dean Fullerton as the new Chief Operating Officer. Fullerton joins from Amazon.com, Inc. (NASDAQ:AMZN), where he was responsible for engineering services. Plug Power and Amazon have a long-term business relationship. Investors can also gain exposure to Plug Power via Global X Hydrogen ETF (NASDAQ:HYDR) and ETF Series Solutions Defiance Next Gen H2 ETF (NYSE:HDRO).

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 1:09 pm

Micron Technology has launched the industry's first ninth-generation TLC NAND in SSDs, achieving a transfer speed of 3.6 GB/s. This new NAND offers 73% higher density compared to competitors, enhancing performance for AI and data-intensive applications.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:06 pm

MRVL

Marvell Technology, Inc. (NASDAQ: MRVL) has launched the Structera CXL product line to address server memory bandwidth and capacity challenges in cloud data centers. The new product line integrates Arm Neoverse processors, inline compression, and four memory channels, and includes the Structera A CXL near-memory accelerator family and the Structera X CXL memory-expansion controller family.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:06 pm