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CDW

FCTE

WBIL

CDW Corporation (NASDAQ:CDW) reported worse-than-expected Q2 FY24 results, with net sales declining 3.6% Y/Y to $5.423 billion, missing the consensus of $5.425 billion. The challenging IT spending environment led to decreased sales across various segments. Despite a slight increase in gross margin, adjusted EPS of $2.50 missed the consensus of $2.53. CDW shares are down 5.73% following the report. Investors can gain exposure to CDW via SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 4:51 pm

CCCS

CCC Intelligent Solutions Holdings shares are trading lower after the company reported Q2 financial results. Jefferies maintained a Buy rating on the stock but lowered its price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:49 pm

AMD

ASML

AVGO

MPWR

MU

SMH

SOXX

UMC

Semiconductor stocks had their best session since February, driven by strong earnings and reduced concerns over chip export restrictions to China. Key ETFs and stocks like SOXX, SMH, AMD, and ASML saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 4:47 pm

GHC

Graham Holdings shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:47 pm

FGEN

IMNN

KHC

NCNC

NUZE

PEPG

PMEC

U.S. stocks traded higher with the Dow Jones index gaining over 200 points. Kraft Heinz shares rose 4% after better-than-expected Q2 earnings. Notable stock movements include significant gains for noco-noco Inc., Primech Holdings Ltd, and NuZee, Inc., while Imunon, Inc., FibroGen, Inc., and PepGen Inc. saw substantial declines.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 4:45 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher following the company's announcement of AI innovations and the global rollout of Tianji XOS 5.2. XPeng is expanding its Go Global 2.0 strategy and plans to debut a next-generation supercharger this quarter.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 4:40 pm

AMD

AMD CEO Lisa Su highlighted the early stages of a multiyear AI 'supercycle' following strong Q2 results, with revenue of $5.835 billion and adjusted earnings of 69 cents per share. Su emphasized the growing demand for AI and compute power, countering concerns about a potential slowdown in AI investments.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 4:39 pm

BA

Boeing (NYSE:BA) reported earnings that fell short of estimates, but the stock has formed an 'Ascending Triangle' pattern, suggesting a potential move higher. This pattern indicates aggressive buying and complacent selling, which could drive the stock price up.

Portfolio Pulse from Mark Putrino

July 31, 2024 | 4:39 pm

PARA

PARAA

Paramount Global shares are trading higher after Apex Capital Trust submitted a competing $43 billion all-cash offer.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:34 pm

CNSP

CNS Pharmaceuticals has requested the withdrawal of its registration statement filed on June 10, 2024. The company confirmed that no securities were sold and is seeking a fee credit for future filings.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 4:34 pm