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AAPL

Apple's Vision Pro is gaining traction in the enterprise market, with companies like Boston Children's Hospital and Lufthansa adopting the device for workforce training. CEO Tim Cook highlighted the growing app ecosystem around Vision Pro and its potential to revolutionize professional development. Despite a slight dip in stock price, Apple's third-quarter earnings beat expectations, and the company returned over $32 billion to shareholders.

Portfolio Pulse from Kaustubh Bagalkote

August 02, 2024 | 6:50 am

HIVE

HIVE Digital reported its July 2024 Bitcoin production, mining 116 BTC and increasing its HODL position by 2% to 2,533 BTC. The company maintained a 4.9 EH/s ASIC mining capacity and achieved an average of 24.6 BTC per Exahash. HIVE's Bitcoin HODL value is over $164 million.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:50 am

ABG

CVX

META

MRNA

XOM

US stocks closed lower as Apple and Amazon reported earnings, with the CNN Money Fear and Greed index moving to the 'Fear' zone. The Dow Jones fell around 500 points, and the Nasdaq Composite ended July negatively. Moderna's stock dipped 21% due to lowered 2024 sales guidance, while Meta Platforms gained 4.8% after strong Q2 results. Investors await earnings from Exxon Mobil, Chevron, and Asbury Automotive Group.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:38 am

AAPL

ABG

AMZN

CVX

XOM

U.S. stock futures are trading lower this morning. Key stocks to watch include Exxon Mobil, Apple, Chevron, Amazon, and Asbury Automotive Group. Exxon Mobil and Chevron are set to release their earnings reports, while Apple and Amazon have already reported their results. Asbury Automotive Group is also expected to release its earnings report.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 6:25 am

AMD

INTC

Intel Corp. (NASDAQ: INTC) is offering a two-year extended warranty for its 13th and 14th Gen CPUs due to stability issues. This move comes after a disappointing financial report and significant cost reduction plans. Intel's stock has seen a significant decline, closing at $29.05 and falling further in after-hours trading.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 6:15 am

EWA

Australia's Producer Price Index (PPI) for Q2 met expectations at 1.0%, slightly higher than the previous quarter's 0.9%.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:06 am

EWA

Australia's Producer Price Index (PPI) for Q2 has increased to 4.8% year-over-year, up from 4.3% in the previous quarter. This indicates rising production costs in Australia.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:06 am

EWA

Australia's home loans for June increased by 0.5%, surpassing the estimated -1.0% and showing improvement from the revised -1.9% in the prior month.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:05 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk envisions the company making a drivetrain every second, significantly faster than the current rate. This announcement follows Tesla's milestone of producing its 10 millionth drive unit. Most of Tesla's drive units are made in Giga Nevada, which has produced 5 million units. The drive unit is crucial for EVs, converting electrical energy to mechanical energy.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 6:02 am

AMZN

Amazon reported a shift in consumer preferences towards lower-priced items and everyday essentials, leading to a drop in average selling prices (ASPs). Despite slower growth in high-ticket items, Amazon's faster delivery services have boosted sales of everyday essentials. The company reported second-quarter net sales of $148 billion, a 10% increase year-over-year, but fell short of the Street consensus estimate. Amazon shares dropped 6.88% in after-hours trading following the announcement.

Portfolio Pulse from Ananya Gairola

August 02, 2024 | 5:43 am