Streetbeat News

Stock Prices

TSLA

Tesla Inc. (NASDAQ:TSLA) reiterated its plans to start producing new electric vehicles by 2025, including more affordable models. These vehicles will be produced on existing manufacturing lines to optimize current capacity. CEO Elon Musk refused to share more details, citing potential impacts on near-term sales. Tesla's Q2 earnings fell short of expectations, with a 7.8% drop in after-hours trading.

Portfolio Pulse from Anan Ashraf

July 24, 2024 | 6:16 am

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) reported second-quarter earnings, meeting analyst estimates but falling short on YouTube advertising revenue. Despite this, YouTube's ad revenue grew year-on-year. Alphabet's overall revenue and earnings surpassed expectations, marking the sixth consecutive quarter of outperformance. However, Alphabet's shares declined in after-hours trading.

Portfolio Pulse from Ananya Gairola

July 24, 2024 | 6:14 am

NJDCY

Nidec (OTC:NJDCY) reported Q1 earnings per share of $0.16, beating the analyst estimate of $0.13. Sales were $4.16 billion, also surpassing the $4.05 billion estimate. Despite the beats, EPS decreased by 20% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:13 am

DB

Deutsche Bank (NYSE:DB) reported a Q2 2024 GAAP EPS of €(0.28), missing the €(0.14) estimate, and a 247.37% decrease from last year's €0.19 EPS. However, sales were €7.589B, beating the €7.510B estimate and showing a 2.43% increase from last year's €7.409B.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:29 am

EQNR

Equinor has announced an ordinary cash dividend of $0.35 per share and an extraordinary cash dividend of $0.35 per share for the second quarter of 2024. The ex-date for the New York Stock Exchange is 19 November 2024, with the payment date set for 29 November 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:06 am

EQNR

Equinor is set to commence the third tranche of its 2024 share buy-back program, with plans to purchase shares worth up to $528 million in the market. The total tranche, including shares to be redeemed from the Norwegian State, will amount to $1.6 billion and will conclude by October 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 5:04 am

GBTC

IBIT

Economist Peter Schiff conducted a poll on X, asking Bitcoin HODLers if they would sell their holdings if Bitcoin's value dropped below $15,000. The majority (85.3%) said they would continue to hold. Schiff also questioned the existence of Bitcoin ETFs, noting net outflows of $77.97 million across 11 spot Bitcoin ETFs. The iShares Bitcoin Trust (NASDAQ:IBIT) saw inflows of $71.94 million, while the Grayscale Bitcoin Trust (NYSE:GBTC) experienced outflows of $27.31 million.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 4:01 am

TSLA

Elon Musk confirmed that funding for his new political action committee, 'The America PAC,' is much lower than the reported $45 million per month. Despite Musk's political activities, Tesla's Bitcoin holdings remained unchanged in Q2 2024. Tesla shares dropped 7.77% in after-hours trading following a 2.04% decline during regular hours.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 3:40 am

GOOG

GOOGL

LMT

TSLA

UPS

V

Major U.S. indices closed lower due to earnings reports from Tesla, Alphabet, and others. Tesla's stock fell 2.04% after missing earnings expectations despite revenue growth. Alphabet's stock had mixed results, with revenue and earnings beating estimates but falling in after-hours trading. Lockheed Martin surged 5.63% on strong sales growth. Visa dipped 1.09% after mixed earnings results. UPS plummeted 12.05% due to declining revenue and earnings.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 3:11 am

CBRG

Chain Bridge I (NASDAQ:CBRG) announced the acquisition of Phytanix Bio, a cannabinoid medicines innovator, for $58 million. The new entity, Phytanix Inc., will be listed on Nasdaq under the ticker 'PHYX'. The merger aims to advance therapeutic solutions for conditions with significant unmet medical needs.

Portfolio Pulse from Patricio Liddle

July 24, 2024 | 3:07 am