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META

NVDA

Meta Platforms Inc. (NASDAQ:META) has announced the rollout of AI Studio at SIGGRAPH 2024, allowing users to create custom AI chatbots for their profiles. This feature aims to attract creators and integrate AI into consumer products. Meta CEO Mark Zuckerberg and Nvidia CEO Jensen Huang discussed the potential of AI chatbots at the event.

Portfolio Pulse from Ananya Gairola

July 30, 2024 | 8:51 am

BAC

BRK

Warren Buffett's Berkshire Hathaway has sold $3.2 billion worth of Bank of America shares this month, reducing its stake to 12.49%. Despite the sales, Berkshire still holds a significant number of shares in BofA. The sales come as financial stocks are expected to benefit from potential Federal Reserve rate cuts.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 8:48 am

FMS

Fresenius Medical Care reported Q2 2024 adjusted EPS of €0.35, beating the estimate of €0.34. However, sales were €4.766 billion, missing the estimate of €4.812 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:24 am

EWG

Germany's Gross Domestic Product (GDP) for Q2 has decreased by 0.1% quarter-over-quarter, missing the estimated growth of 0.1% and down from the previous quarter's growth of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:01 am

EWG

Germany's Gross Domestic Product (GDP) for Q2 showed a preliminary year-over-year decline of 0.1%, missing the estimated 0.0% and improving slightly from the prior -0.2%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:01 am

MCD

MSFT

PFE

TSLA

US stocks closed mixed on Monday ahead of major earnings reports and the Federal Reserve's policy decision. The S&P 500 and Nasdaq recorded losses last week, while the Dow gained. ON Semiconductor saw a significant rise after strong earnings, while McDonald's posted disappointing results. Tesla shares jumped following a positive analyst rating. Investors are awaiting earnings from Microsoft, Pfizer, and Procter & Gamble.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 7:45 am

AAPL

AMZN

GOOGL

META

MSFT

Apple is expected to weather the margin-squeezing effects of AI spending better than its peers due to its unique strategy. While Alphabet, Amazon, Microsoft, and Meta are increasing their capex significantly, Apple is reducing its capex by 9% and monetizing its distribution through a partnership with OpenAI. This strategy is expected to result in record margins for Apple by mid-next year.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 7:32 am

FLS

HLIT

MSFT

PFE

U.S. stock futures are trading lower this morning. Key stocks to watch include Microsoft, Flowserve, Pfizer, Harmonic, and Procter & Gamble, all of which have significant earnings reports or updates.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 7:30 am

COP

CVX

EOG

IYE

MRO

USO

VDE

XLE

XOM

Former President Donald Trump accused OPEC of manipulating oil prices to favor Vice President Kamala Harris, warning that her potential presidency could be detrimental to the U.S. Oil stocks, including Chevron, Marathon Oil, Exxon Mobil, ConocoPhillips, and EOG Resources, have declined following Harris's nomination. ETFs tied to the oil sector, such as USO, XLE, VDE, and IYE, are also under pressure. Trump's comments come amid speculation that Harris might adopt stricter climate policies if elected.

Portfolio Pulse from Kaustubh Bagalkote

July 30, 2024 | 7:25 am

BTTR

Better Choice Company Inc. (NYSE:BTTR) announced the pricing of its $5 million public offering of 1,667,000 common shares at $3 per share. The offering includes an option for underwriters to purchase an additional 100,000 shares.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:13 am