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TM

Toyota's Lexus plans to build its own plant in China to manufacture the Lexus UX hybrid and a new BEV model. The models will be sold in China and overseas, including Japan. However, the proposal may face delays due to Chinese authorities' controls on auto factory capacity. Toyota is in discussions with Shanghai authorities for tax incentives and policy backing. TM shares are trading lower by 1.26%.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2024 | 3:34 pm

HOMB

Home BancShares, Inc. (NYSE:HOMB) announced an 8.3% increase in its quarterly cash dividend, raising it from $0.18 to $0.195 per share. The dividend is payable on September 4, 2024, to shareholders of record on August 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:32 pm

CDW

CDW (NASDAQ:CDW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 22.03%. A $1000 investment in CDW 10 years ago would be worth $7,353.39 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:30 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market over the past 20 years, achieving an average annual return of 24.77%. A $100 investment in DECK 20 years ago would be worth $8,899.08 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 3:30 pm

EFRA

SSPX

WAB

Wabtec (NYSE:WAB) reported strong Q2 FY24 results with a 9.8% Y/Y sales growth to $2.644 billion, slightly beating consensus. Despite a 1.6% Y/Y decline in backlog, the company raised its EPS outlook and reiterated its sales guidance. Wabtec shares are down 4.46% following the report.

Portfolio Pulse from Lekha Gupta

July 24, 2024 | 3:27 pm

AMAT

AMD

ASML

AVGO

INTC

KLAC

LRCX

MPWR

MRVL

NVDA

QCOM

TSM

Shares of semiconductor stocks are trading lower amid recent earnings in the sector and concerns over potential China restrictions.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:25 pm

BLMZ

BloomZ (BLMZ) shares have resumed trading after a temporary halt. The company has not provided specific reasons for the halt, but investors are closely monitoring the situation for further updates.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:21 pm

NGD

New Gold Inc. reported a fatal accident at its Rainy River Mine in northwestern Ontario, leading to a voluntary suspension of operations. An investigation is underway.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:17 pm

LCID

NIO

RIVN

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) reported disappointing Q2 results, missing earnings expectations and causing an 8% drop in premarket trading. This decline also affected shares of Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), Nio Inc (NYSE:NIO), and XPeng Inc (NYSE:XPEV). Tesla's automotive revenue dropped 7% YoY, and adjusted income plummeted 43% YoY. Despite remaining the top EV seller in the U.S., Tesla is losing market share to rivals. CEO Elon Musk announced plans for an affordable EV by 2025 and delayed the robotaxi details release to October 10th.

Portfolio Pulse from Upwallstreet

July 24, 2024 | 3:17 pm

BLMZ

BloomZ (BLMZ) shares were halted on a circuit breaker to the downside, indicating a significant drop in the stock price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:16 pm