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TSLA

Tesla is conducting a trial to increase the maximum charging rate of its Cybertrucks on certain superchargers. The trial involves V3+ stations and has shown charging rates of up to 323kW. The impact on other Tesla vehicles is not yet clear. Despite recent layoffs, Tesla continues to expand its supercharger network, with plans to invest $500 million this year.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 8:45 am

ETHUSD

TRXUSD

USDTUSD

Justin Sun, founder of the Tron blockchain, has accumulated $36 million worth of Ethereum, bringing his total Ether investments to 392,474 ETH since February. This move comes amid a market downturn and follows Ethereum's recent price recovery. Sun also deposited $49 million worth of Tether to HTX, indicating potential further Ether accumulation.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 8:39 am

EWU

The S&P Global / CIPS U.K. Construction Purchasing Managers Index (PMI) for July came in at 55.3, significantly higher than the estimated 52.5 and the prior 52.2. This indicates a stronger-than-expected performance in the U.K. construction sector.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:33 am

BTCUSD

Economist Justin Wolfers attributes recent market volatility to fears of insider knowledge and Federal Reserve decisions. He highlights the impact of potential Democratic VP nominee shifts and the Fed's decision not to cut rates, despite a fall in the 10-year bond yield. Former President Trump criticizes current U.S. leadership for the market sell-off, and speculation on a potential rate cut in September intensifies due to economic data.

Portfolio Pulse from Kaustubh Bagalkote

August 06, 2024 | 8:19 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) had a 'game changer' quarter, according to Wedbush Securities analyst Dan Ives. The company reported a 27% year-over-year increase in total revenue, driven by a 41% rise in customer count, particularly in the U.S. commercial sector. Palantir's revenue for the second quarter was $678.13 million, surpassing the consensus estimate of $652.1 million. The stock surged by 12.16% in after-hours trading following the earnings report.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 7:58 am

TSLA

YouTuber Adin Ross gifted Donald Trump a Tesla Cybertruck wrapped with an image of Trump at a Pennsylvania rally. During the stream, Trump praised Elon Musk but criticized electric vehicles (EVs) for their limitations. Musk endorsed Trump and mentioned that eliminating EV subsidies would have limited impact on Tesla but be devastating for competitors. Trump softened his stance on EVs, calling them 'fantastic' due to Musk's endorsement.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 7:45 am

PLTR

Palantir Technologies Inc. (NYSE:PLTR) released its Q2 financial results, highlighting a 27% YoY increase in total revenue. CTO Shyam Sankar emphasized the company's long-term investments in foundational AI technologies and its hands-on approach. Despite a 2.63% drop during Monday's trading session, the stock surged 12.16% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 06, 2024 | 7:12 am

AMZN

SPY

Global markets crashed on Black Monday 2.0, prompting reflection on Jeff Bezos' comments from the 2000 dotcom bubble. Despite a 4% drop in Amazon shares, the company has shown significant growth over the years. The SPDR S&P 500 ETF Trust (SPY) also fell by 2.91%.

Portfolio Pulse from Shanthi Rexaline

August 06, 2024 | 7:03 am

BTCUSD

El Salvador continues its plan to buy one Bitcoin per day despite market sell-offs, adding to its reserves. The country now holds 5,833.76 Bitcoins worth over $324 million. This move contrasts with Saxony, Germany, which liquidated its Bitcoin holdings. Bitcoin is currently trading at $55,623.37, rebounding 2.94% after a weekend crash.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 6:59 am

ACM

CAT

UBER

WYNN

ZI

Several key stocks are expected to be in focus today as U.S. stock futures trade higher. Uber Technologies (UBER) is anticipated to report strong quarterly earnings, AECOM (ACM) posted better-than-expected Q3 results, Wynn Resorts (WYNN) is expected to release its earnings after market close, ZoomInfo Technologies (ZI) reported disappointing Q2 results and announced a CFO transition, and Caterpillar (CAT) is expected to report its earnings before the opening bell.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 6:49 am