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SPY

The USA ISM Manufacturing Employment Index for July came in at 43.4, significantly below the estimated 49.0 and the prior 49.3. This indicates a contraction in manufacturing employment.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:00 pm

SPY

USA Construction Spending for June decreased by 0.3%, missing the estimated increase of 0.2% and showing a slight improvement from the revised prior figure of -0.4%.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:00 pm

WEN

In the past three months, 12 analysts have provided ratings for Wendy's (NASDAQ:WEN), ranging from bullish to bearish. The average 12-month price target is $19.92, down 3.07% from the previous $20.55. Analysts have maintained, raised, or lowered their ratings and price targets based on recent developments. Wendy's shows strong net margin and ROE but faces challenges with ROA and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 01, 2024 | 2:00 pm

SPY

The USA ISM Manufacturing PMI for July came in at 46.8, significantly below the estimated 48.8 and the prior 48.5. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:00 pm

SPY

The USA ISM Manufacturing Prices for July came in at 52.9, higher than the estimated 51.9 and the prior 52.1. This indicates an increase in manufacturing prices, which could impact inflation expectations and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:00 pm

AWEG

SUPL

XPO

XPO, Inc. (NYSE:XPO) reported strong Q2 FY24 results, with a 57.7% increase in adjusted EPS and an 8.5% rise in revenue, surpassing expectations. The company saw significant growth in its North American LTL segment and improved margins. XPO shares rose 6.5% following the announcement. Investors can also gain exposure through ETFs like ProShares Supply Chain Logistics ETF (NYSE:SUPL) and Alger Weatherbie Enduring Growth ETF (NYSE:AWEG).

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 1:54 pm

BUYZ

FCTE

GWW

W.W. Grainger Inc (NYSE:GWW) reported mixed Q2 2024 results, with sales of $4.312 billion missing consensus estimates but adjusted EPS of $9.76 beating expectations. The company narrowed its FY24 net sales and EPS outlook. Shares are down 5.30% premarket. Investors can gain exposure via Franklin Disruptive Commerce ETF (BATS:BUYZ) and SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE).

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 1:50 pm

AAPL

AMZN

META

MRNA

SPY

The latest market summary highlights that initial jobless claims came in higher than expected. Moderna shares dropped following revised expectations, while Meta shares jumped after strong earnings. Apple and Amazon are set to report their earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:47 pm

AMTX

Aemetis shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:45 pm

VNT

Vontier shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:45 pm