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COP

IEO

WEEI

ConocoPhillips (NYSE:COP) reported mixed Q2 2024 results with revenue and adjusted EPS missing consensus estimates. Despite this, the company saw production gains and increased its dividend. The stock is trading higher premarket. Investors can also gain exposure through ETFs like WEEI and IEO.

Portfolio Pulse from Lekha Gupta

August 01, 2024 | 12:45 pm

XPO

XPO shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:42 pm

AMAT

SMH

SOXX

Applied Materials Inc (NASDAQ:AMAT) will not receive Chips Act funding for its $4 billion R&D center in Sunnyvale, California, leading to a premarket stock drop. The Commerce Department's decision impacts the company's project scope and future U.S. incentives.

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 12:42 pm

HSY

The Hershey Company shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:42 pm

IDCC

InterDigital has raised its FY24 revenue outlook to $690M-$740M, up from the previous range of $620M-$670M, surpassing the $638.71M estimate. The company also increased its adjusted EPS forecast to $9.70-$10.95, significantly higher than the $5.48 estimate and the prior view of $7.45-$8.76.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:42 pm

ALNY

Alnylam Pharmaceuticals shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:42 pm

ENTX

Entera Bio Ltd. (NASDAQ:ENTX) will present new data on its investigational agent EB613, a once-daily oral PTH(1-34) mini tablet therapy for post-menopausal women with high-risk osteoporosis, at the ASBMR 2024 Annual Meeting. The presentation will include comparative pharmacological data between EB613 and Forteo®.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:40 pm

AAPL

NVDA

SOXX

TDIV

TSM

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has seen a surge in retail investor support in Taiwan, driven by financial interests and national security concerns. Despite foreign investors' withdrawal, retail ownership has increased significantly, reflecting the belief that TSMC's success is crucial for Taiwan's defense. TSMC's stock has surged 69% in the last 12 months, and investors can gain exposure through ETFs like iShares Semiconductor ETF (NASDAQ:SOXX) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).

Portfolio Pulse from Anusuya Lahiri

August 01, 2024 | 12:40 pm

PRFX

PainReform Ltd. (NASDAQ:PRFX) has announced a significant advancement in the development of its lead asset, PRF-110. The company has developed a new manufacturing process that allows PRF-110 to remain stable for 18 months at room temperature, a major milestone for the clinical-stage specialty pharmaceutical company.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:39 pm

BTU

Peabody Energy shares are trading higher following a Q2 earnings beat and the announcement of a $100 million buyback.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:38 pm