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CMCSA

DIS

Major US indexes fell after a weak jobs report, with some economists attributing the rise in unemployment to Hurricane Beryl. The Bureau of Labor Statistics denied the hurricane's impact, but economists remain skeptical. Extreme weather, exacerbated by climate change, could harm the economy. Governor Ron DeSantis declared a state of emergency in Florida, potentially disrupting travel to Walt Disney Co's Disney World and Comcast Corp's Universal Studios.

Portfolio Pulse from Hayden Buckfire

August 02, 2024 | 6:36 pm

INTC

Intel Corp (NASDAQ:INTC) is set to lay off about 15,000 employees, over 15% of its workforce, as part of a cost-cutting measure to save $10 billion by 2025. This move follows a disappointing earnings report and highlights Intel's struggle to keep pace with competitors in the semiconductor market. Intel's CFO and CEO have emphasized the need for bold actions to address financial challenges and improve competitiveness.

Portfolio Pulse from Surbhi Jain

August 02, 2024 | 6:31 pm

AMZN

INTC

Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:30 pm

ROST

Ross Stores (NASDAQ:ROST) has significantly outperformed the market over the past 10 years, delivering an average annual return of 15.77%. A $1000 investment in ROST 10 years ago would be worth $4,304.28 today. The company's current market capitalization is $47.90 billion.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 6:30 pm

EXR

Extra Space Storage (NYSE:EXR) has outperformed the market over the past 10 years, delivering an average annual return of 12.11%. A $1000 investment in EXR 10 years ago would be worth $3,145.42 today. The company's current market capitalization is $33.91 billion.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 6:30 pm

ABNB

CROX

EXPE

RIVN

SKX

Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:28 pm

CCL

CUK

CZR

EAT

FUN

H

MGM

NCLH

RCL

RRR

SHAK

TXRH

Shares of hotel, restaurant, and leisure companies are trading lower due to overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:27 pm

ADNT

DAN

F

GM

GT

MOD

TSLA

VC

Shares of auto-related companies are trading lower amid overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:26 pm

EIS

ISRA

SPY

The US is preparing to send more combat aircraft to the Middle East, according to the New York Times. This move is likely in response to increasing tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:24 pm

GSK

MRK

MRNA

PFE

Moderna Inc (NASDAQ:MRNA) has lowered its 2024 sales guidance due to weaker demand for its COVID-19 vaccines, citing competitive pressure from Pfizer Inc (NYSE:PFE) and GSK Plc (NYSE:GSK). Analysts have cut price targets for Moderna, reflecting the new guidance and competitive landscape. Moderna's stock is down 8.52% following the news.

Portfolio Pulse from Vandana Singh

August 02, 2024 | 6:22 pm