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ITW

Illinois Tool Works shares are trading higher after the company reported better-than-expected Q2 earnings results.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:37 pm

PMN

ProMIS Neurosciences presented preclinical data at AAIC 2024 supporting their Alzheimer's vaccine approach, showing strong antibody responses without pro-inflammatory T cell responses against AβO.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:37 pm

TLRY

Tilray Brands (NASDAQ:TLRY) reported a 25% year-over-year increase in revenue for Q4, beating consensus estimates. Net loss narrowed significantly. Analyst Pablo Zuanic maintained a 'Neutral' rating but highlighted Tilray's long-term potential due to its liquidity, market cap, and assets. Shares rose 8.74% in pre-market trading.

Portfolio Pulse from Nina Zdinjak

July 30, 2024 | 12:36 pm

RELI

Reliance Global has announced the launch of an AI-powered Quote & Bind InsurTech solution for commercial policies, set to debut in Q4 2024 on the RELI Exchange platform. This new solution aims to enhance real-time quoting and policy binding for multiple insurance lines.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:35 pm

SMRT

SmartRent, Inc. (NYSE:SMRT) announced that Lucas Haldeman has stepped down as CEO and resigned from the Board. John Dorman has been appointed Chairman of the Board. The company has suspended its full-year 2024 outlook and formed a Management Committee to oversee operations during the transition.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:34 pm

HWM

WBIL

XAR

Howmet Aerospace Inc. (NYSE:HWM) reported strong Q2 FY24 results, with revenue and EPS beating expectations. The company announced a $2 billion increase in its share repurchase program and a 60% increase in its quarterly dividend. The FY24 outlook was also raised. HWM shares are up 12.3% premarket.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 12:32 pm

EVOK

Evoke Pharma has announced a 1-for-12 reverse stock split effective August 1, 2024. The common stock will trade on a split-adjusted basis under the symbol EVOK with a new CUSIP 30049G302.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:31 pm

HWM

Howmet Aerospace shares are trading higher following better-than-expected Q2 earnings, strong guidance, a raised dividend, and an increased buyback authorization.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:31 pm

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) reported an 80% YoY decline in Q1 revenue to $4.9 million. Despite the drop, the company regained compliance with Nasdaq listing rules and is working on debt restructuring. CEO Barbara Sher highlighted cost reductions and organizational streamlining as key strategies for future growth.

Portfolio Pulse from Nina Zdinjak

July 30, 2024 | 12:30 pm

FAAS

FOA

JFIN

The article highlights three oversold financial stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are DigiAsia Corp (NASDAQ:FAAS), Jiayin Group Inc (NASDAQ:JFIN), and Finance of America Companies Inc (NYSE:FOA).

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:29 pm