Streetbeat News

Stock Prices

AMD

DELL

NVDA

QQQ

SOXX

Dell, Nvidia, and AMD stocks have tumbled as the semiconductor rally stalls. The Invesco QQQ Trust Series is down over 5% in the last month. Dell's stock is down 25%, Nvidia's more than 15%, and AMD around 13%. Earnings reports from Tesla and Alphabet have driven their stocks lower, adding to tech sector uncertainty. The iShares Semiconductor ETF is still up 20% YTD despite a 10% drawdown in the last month. Upcoming earnings from Microsoft, Meta, and AMD could provide more insights.

Portfolio Pulse from Aaron Bry

July 30, 2024 | 6:25 pm

MSFT

Microsoft Azure experienced errors due to an unexpected spike in usage, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:16 pm

ABBV

AZN

BMY

JNJ

Four major pharmaceutical companies, Bristol Myers Squibb, Johnson & Johnson, AbbVie, and AstraZeneca, expect minimal business impact from upcoming Medicare price negotiations despite anticipated price cuts. Executives from these companies shared their perspectives during recent quarterly conference calls, indicating that the price cuts are manageable and in line with expectations.

Portfolio Pulse from Vandana Singh

July 30, 2024 | 6:12 pm

EIS

USO

A top Hezbollah commander targeted in an Israeli strike on Beirut suburbs has survived, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:06 pm

STLA

Stellantis N.V. (NYSE:STLA) shares are trading lower due to multiple developments. The company’s unit, Leapmotor International, has shipped its first batch of electric vehicles to Europe, marking a significant milestone. Additionally, Stellantis is offering voluntary buyouts to U.S. salaried workers as part of cost-cutting measures.

Portfolio Pulse from Nabaparna Bhattacharya

July 30, 2024 | 6:05 pm

AAPL

AAPU

AAPX

FTEC

IYW

VGT

Goldman Sachs expects Apple Inc. (NASDAQ:AAPL) to beat Q3 earnings estimates, driven by strong services growth. The tech giant is predicted to exceed Wall Street consensus EPS by 3 cents and achieve $85.1 billion in revenue. Despite some downside risks, Goldman Sachs maintains a Buy rating on Apple. The decline in Apple shares also impacted related ETFs.

Portfolio Pulse from Michael Juliano

July 30, 2024 | 6:05 pm

MSFT

SBUX

Starbucks experienced an app outage due to issues with Microsoft Azure, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:03 pm

IT

Gartner shares are trading higher after the company reported a Q2 earnings beat and raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:02 pm

GILD

High-rolling investors have shown significant interest in Gilead Sciences (NASDAQ:GILD) options, with a split sentiment of 50% bullish and 50% bearish. The options activity suggests a price range of $55.0 to $80.0 for GILD. Analysts have mixed ratings, with target prices ranging from $70 to $93.

Portfolio Pulse from Benzinga Insights

July 30, 2024 | 6:01 pm

CRWD

SBUX

VTI

XLY

Starbucks (SBUX) shares experienced volatility on Tuesday due to technical issues with its mobile ordering system, affecting users in multiple cities. The company is under scrutiny ahead of its fiscal third-quarter earnings report, especially after a recent activist investor stake. Starbucks has faced similar issues earlier this month and has been offering more discounts to boost demand. The stock has lost about 26% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 5:59 pm