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OSK

Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE:OSK), has secured a $231.9 million contract from the U.S. Army for modernized heavy tactical vehicles and related kits.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:05 am

IDYA

Ideaya Biosciences announced promising clinical data for its IDE397 Phase 2 monotherapy in MTAP-deletion urothelial and non-small cell lung cancer patients, showing high response and disease control rates with minimal adverse effects.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 10:02 am

TSLA

Tesla's stock rally has accelerated following its second-quarter deliveries report, causing significant losses for hedge funds with short positions. Short interest in Tesla rose to 18% by the end of June. Analysts are optimistic about Tesla's profit margins improving due to lower production and raw material costs. Despite some hedge funds seeing more downside, others believe Tesla is well-positioned to benefit from the growing EV market.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 10:00 am

BENF

CLEU

DYNT

IVP

PARAA

SHPW

Paramount Global shares surged by around 8% in pre-market trading following a $28 billion merger deal with Skydance Media to create 'New Paramount.' Other notable pre-market movers include Shapeways Holdings, Inspire Veterinary Partners, and Dynatronics Corporation among gainers, while China Liberal Education Holdings and Beneficient were among the losers.

Portfolio Pulse from Avi Kapoor

July 08, 2024 | 9:40 am

LINKUSD

Chainlink (LINK) has seen a nearly 10% drop in value over the past week, but large investors and institutions are buying significant amounts of the cryptocurrency. On-chain data shows 90 new wallets withdrawing 6.72 million LINK tokens from Binance, indicating bullish sentiment among whales. Despite the market downturn, LINK's whale transaction volume surged 55% in the last 24 hours, and more LINK left exchanges than entered.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 9:07 am

TSLA

Tesla's FSD revenue is nearing a $1 billion annual run-rate, and a fund manager suggests breaking out AI and robotics numbers to enhance valuation. Tesla's automotive business faces challenges, but its AI and robotics segments, including FSD and robotaxis, show promise. The upcoming Aug. 8 robotaxi event may provide more insights.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 9:00 am

TSLA

Elon Musk has denied rumors of a refreshed Tesla Model Y launching this year, urging fans to stop speculating to avoid hurting current sales. The Model Y is Tesla's bestselling car, and rumors of a refresh emerged after the re-engineering of the Model 3. Despite a 4.8% drop in global deliveries in Q2, Tesla still beat consensus estimates.

Portfolio Pulse from Anan Ashraf

July 08, 2024 | 8:16 am

GBX

NIO

NVDA

The CNN Money Fear and Greed index moved to the 'Neutral' zone as the S&P 500 hit a record high following positive jobs data. NIO Inc. shares fell over 5% due to the resignation of its CFO, while NVIDIA Corporation shares declined around 1.9% after a downgrade by New Street Research. Investors are awaiting earnings results from The Greenbrier Companies, Inc.

Portfolio Pulse from Avi Kapoor

July 08, 2024 | 7:28 am

BA

Boeing has agreed to plead guilty to criminal conspiracy for misleading the FAA about the safety of its 737 MAX aircraft. The company will pay up to $487.2 million in fines and spend $455 million on compliance and safety programs. This deal, subject to court approval, includes three years of court-supervised probation. The plea deal has been criticized by victims' families as insufficient.

Portfolio Pulse from Shanthi Rexaline

July 08, 2024 | 6:25 am

BTCUSD

MSTR

Japanese investment firm Metaplanet Inc., listed on the Tokyo Stock Exchange, has purchased an additional $2.5 million worth of Bitcoin, increasing its total holdings to 203.73 BTC. This move mirrors the strategy of MicroStrategy Inc. (NASDAQ:MSTR), which is the largest corporate owner of Bitcoin.

Portfolio Pulse from Aniket Verma

July 08, 2024 | 6:17 am