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BTCUSD

Nobel laureate Paul Krugman criticized Donald Trump's support for Bitcoin, calling it a 'government bailout' of a scandal-ridden industry. Krugman questioned the economic utility of Bitcoin and highlighted its association with money laundering and extortion. Despite past criticisms, Bitcoin has seen a significant price increase since the collapse of FTX in 2022.

Portfolio Pulse from Aniket Verma

July 31, 2024 | 9:13 am

EDU

New Oriental Education (NYSE:EDU) reported Q4 2024 adjusted EPS of $0.22, missing the $0.44 estimate. Sales were $1.137B, slightly below the $1.142B estimate but up 32.08% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:09 am

AMD

NVDA

AMD shares surged over 9% in premarket trading after reporting strong Q2 results and positive revenue guidance, driven by record data center revenue. This positive sentiment also lifted Nvidia shares by 5.40%.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 9:07 am

UMC

United Microelectronics (UMC) expects Q3 wafer shipments to grow by mid single digit percentage and firm average selling price quarter-over-quarter.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:05 am

AMD

MSFT

NVDA

Microsoft Corp. (NASDAQ:MSFT) announced a special one-time bonus for employees after beating Q4 earnings estimates. The bonus, ranging from 10% to 25% of the regular annual bonus, aims to retain talent in the competitive AI market. Despite the positive earnings report, Microsoft's stock fell 0.89% on Tuesday and 2.72% in after-hours trading.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 8:52 am

GSK

GSK has revised its 2024 financial outlook, expecting turnover growth of 7%-9%, core operating profit growth of 11%-13%, and core EPS growth of 10%-12%. These figures are higher than the previous estimates.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:49 am

AMZN

GOOGL

MSFT

NVDA

TSM

Microsoft's Q4 results showed a slight miss in cloud revenue, leading to a modest sell-off in shares. Analysts remain bullish on the company's AI prospects and future growth in Azure revenue. The miss in Azure's growth rate, now matching Google's, suggests competition with Amazon's AWS. Increased capex is seen as a long-term positive.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 8:39 am

LCID

Lucid Group (NASDAQ:LCID) has commenced pre-production of its Gravity SUV, a competitor to Tesla's Model X. CEO Peter Rawlinson shared a video of the first pre-production unit, highlighting the vehicle's unique features. The Gravity SUV is expected to start under $80,000 and aims to capture a market segment that the Model X did not. Lucid plans to start production later this year and has future plans for a high-volume, midsize vehicle by 2026.

Portfolio Pulse from Anan Ashraf

July 31, 2024 | 8:34 am

FFIE

Faraday Future has regained Nasdaq compliance and reported significant financial improvements for Q1 2024. Operating expenses dropped to $22.9 million from $95.8 million year-over-year, and the loss from operations decreased to $43.6 million. Cash from operating activities improved to a loss of $14.7 million from negative $103.0 million in Q1 2023. The company had $499.9 million in assets and $298.4 million in liabilities, with a book value of $201.5 million as of March 31, 2024. Shares of Class A common stock increased slightly from May to July 2024.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:57 am

KHC

Kraft Heinz (NASDAQ:KHC) is set to release its Q2 financial results on July 31. Analysts expect a decline in earnings per share and revenue compared to the previous year. Recent analyst ratings have varied, with some downgrades in price targets.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 6:55 am