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VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) reported Q2 revenues of $2.65 billion, slightly below estimates, and an adjusted EPS loss of $(12.83). The company raised its 2024 product revenue guidance and highlighted strong performance in its cystic fibrosis franchise. Vertex discontinued development of two AAT correctors but sees potential in its pain management pipeline, including suzetrigine. William Blair reiterated an Outperform rating on Vertex.

Portfolio Pulse from Vandana Singh

August 02, 2024 | 5:48 pm

LIN

High-rolling investors have shown a bullish trend in Linde (NASDAQ:LIN) options, with significant trades indicating a price target range of $400 to $460. Despite a slight dip in stock price, analysts maintain a neutral rating with an average price target of $477.5.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:47 pm

DAL

Recent options activity for Delta Air Lines (NYSE:DAL) shows a bearish trend with 55% of trades being puts. The stock is currently trading at $39.86, down by 3.95%. Analysts have a consensus target price of $60.5, with ratings of Outperform and Buy from Bernstein and TD Cowen, respectively.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:47 pm

CVX

Chevron shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:41 pm

GOOG

GOOGL

T

A judge in California overturned a $4.7 billion verdict against the NFL in a lawsuit alleging overcharging for 'NFL Sunday Ticket.' The judge ruled that the plaintiffs failed to provide sufficient evidence. DirecTV, owned by AT&T, was not on trial. This year, Sunday Ticket is available on Alphabet's YouTube TV.

Portfolio Pulse from Aaron Bry

August 02, 2024 | 5:35 pm

HCA

HCA Healthcare (NYSE:HCA) has significantly outperformed the market over the past 10 years, delivering an average annual return of 18.12%. A $100 investment in HCA stock 10 years ago would be worth $530.40 today. The article highlights the impact of compounded returns on long-term investment growth.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:30 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market over the past 10 years, delivering an average annual return of 25.1%. A $1000 investment in DECK 10 years ago would be worth $9,380.53 today. The company's current market capitalization is $22.11 billion.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 5:30 pm

DNB

Dun & Bradstreet shares have resumed trading after a temporary halt. The resumption of trading could indicate the resolution of an issue or the release of significant information.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:28 pm

ADBE

AMZN

CRM

INTC

MSFT

Shares of companies in the broader software 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 | 5:26 pm

FBTC

IBIT

MS

Morgan Stanley (NYSE:MS) will allow its financial advisors to offer Bitcoin ETFs to select clients, marking a significant shift in its approach to cryptocurrency. The approved ETFs include BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity’s Wise Origin Bitcoin Fund (CBOE: FBTC). This move follows the SEC's approval of 11 spot bitcoin ETFs and contrasts with the cautious stance of other major banks.

Portfolio Pulse from Khyathi Dalal

August 02, 2024 | 5:24 pm