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SHLT

SHL Telemedicine has appointed David Arnon as its new CEO, effective August 6, 2024. Arnon brings extensive experience from senior leadership roles in the healthcare insurance industry.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:32 am

TSLA

Tesla CEO Elon Musk announced that the Cybertruck will receive access to the Full Self-Driving (FSD) technology in August. The company is currently testing the update to ensure its capabilities before rolling it out. Tesla aims to ramp up Cybertruck production to deliver 250,000 units annually starting in 2025.

Portfolio Pulse from Anan Ashraf

July 29, 2024 | 8:31 am

AAPL

A new defense pact between North Korea and Russia has increased the risk of conflict between North and South Korea, which could result in a $4 trillion hit to the global economy. South Korea's significant role in the global electronics market, particularly in memory chips, means that companies like Apple Inc. (NASDAQ:AAPL) could be affected.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:28 am

FFND

TSLA

Tesla shares fell over 8% during the week ending July 26, halting an upward trend. Gary Black's Future Fund LLC reduced its Tesla stake from over 5% to 3.55%. Black outlined conditions for increasing his position, including stabilizing auto gross margins, achieving 25%+ volume growth with sub-$30K EVs, and improving full self-driving technology efficacy. The stock may remain range-bound near $200 without significant catalysts, with potential momentum from the Oct. 10 robotaxi event. Concerns include valuation, reliance on regulatory credits, and potential political risks.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 8:24 am

BMY

MCD

MMM

ON

SFM

The Dow Jones surged over 650 points following positive inflation data, with the Fear & Greed Index moving to a 'Neutral' zone. Bristol Myers Squibb and 3M Company saw significant stock price increases due to strong earnings reports. Investors are awaiting earnings results from McDonald's, ON Semiconductor, and Sprouts Farmers Market.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 8:11 am

BA

Boeing is in the process of selecting a new CEO as Dave Calhoun prepares to step down by year-end. Four potential successors have been identified: Kelly Ortberg, Stephanie Pope, Pat Shanahan, and Steve Mollenkopf. This leadership change comes amid Boeing's ongoing security concerns and increased scrutiny following past incidents.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:11 am

DEO

Diageo plc (NYSE: DEO), known for Johnnie Walker whisky and Tanqueray gin, is facing its first annual sales decline since 2020. The company has issued a profit warning, leading to a dip in investor confidence. Analysts predict a 0.2% fall in net sales for the year ending June 30, with persistent issues in the U.S. and Latin America contributing to the decline. Diageo's shares have already dropped over 3% earlier this year after missing analyst estimates on organic net sales.

Portfolio Pulse from Benzinga Neuro

July 29, 2024 | 8:09 am

NFLX

SPY

Yardeni Research predicts short-term volatility in the S&P 500 due to election uncertainty but expects a strong year-end rally. The market is focused on earnings growth, stretched valuations, and a rotation from mega-cap to large-cap and SMID-cap stocks. The SPDR S&P 500 ETF Trust (SPY) has gained over 15% YTD.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 7:48 am

PSO

Pearson reaffirms its 2024 outlook, expecting sales growth, profit, and tax to align with market expectations. The company anticipates a free cash flow conversion of 95-100%. Divisional guidance includes growth in Higher Education and English Language Learning, with a decline in Virtual Schools.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:55 am

ESLT

Elbit Systems has secured a $190 million contract to supply Iron Sting guided mortar munitions to the Israeli Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:39 am