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TWST

Twist Bioscience reported its Q3 2024 financial results, with an adjusted EPS of $(0.70) beating the estimate of $(0.77) and sales of $81.464 million surpassing the $77.404 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:32 am

AMAT

ARM

ASML

INTC

KLAC

LRCX

TSM

Shares of semiconductor stocks are trading lower in sympathy with Intel, which reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:32 am

CBOE

Cboe Global Markets reported its Q2 2024 earnings with an adjusted EPS of $2.15, beating the estimate of $2.10. However, its sales of $513.8 million missed the estimate of $514.506 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:31 am

BKNG

Booking Holdings shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:31 am

GM

Kia America sold 3,362 units of its EV9 and EV6 SUVs in July, surpassing General Motors' total Hummer EV sales for the entire second quarter. Kia's EV9 and EV6 models are more affordable compared to GM's Hummer EV, which starts at $98,845. GM's overall EV sales in Q2 were 21,930 units, with only the Cadillac Lyriq EV and Chevrolet Blazer EV exceeding 5,000 units each.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 11:29 am

GLD

META

SPY

UNG

USO

Global markets experienced significant declines, with U.S. stocks closing lower due to economic concerns and mixed sector performance. Asian markets, particularly Japan, saw sharp drops, while European markets opened in the red. Commodities like gold surged on safe-haven demand.

Portfolio Pulse from Akanksha Bakshi

August 02, 2024 | 11:21 am

SMFG

Sumitomo Mitsui Financial Group shares are trading lower after the company reported a year-over-year decrease in Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:19 am

GOOG

GOOGL

META

NVDA

TSM

Nvidia's stock has surged due to AI investments, but experts warn of potential slowdowns in the semiconductor industry. Nvidia faces competition from big tech companies and startups. Despite this, Nvidia plans to release new chips annually. The semiconductor rally has faltered recently, with Nvidia, Dell, and AMD stocks declining.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 11:17 am

AMZN

Amazon CEO Andy Jassy announced that Prime Video will have significantly fewer ads compared to competitors like Netflix, YouTube, and Disney+. This strategy aims to enhance ad relevance and performance while offering an ad-free option for an additional fee. Despite a 10% increase in Q2 net sales, Amazon's revenue fell short of expectations, leading to an 8.15% drop in pre-market trading.

Portfolio Pulse from Ananya Gairola

August 02, 2024 | 11:16 am

RPID

Rapid Micro Biosystems has completed an enterprise-wide review to realize operational efficiencies, including workforce reductions and expense cuts. These actions are expected to save $7 million annually and help achieve positive cash flow by 2027. The company will record a $0.7 million charge in Q3 2024 but does not expect an impact on 2024 revenue or gross margin.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:13 am