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Stock Prices

NVAX

Novavax, Inc. (NASDAQ:NVAX) shares are trading higher due to a significant drop in short interest and recent filings for authorization of its updated COVID-19 vaccine with Health Canada, the U.S. FDA, and EMA. The stock is also trending on social media.

Portfolio Pulse from Vaishali Prayag

July 25, 2024 | 7:25 pm

MIRA

MIRA Pharmaceuticals Inc (NASDAQ:MIRA) announced new preclinical data for its novel oral ketamine analog, Ketamir-2, which shows potential in treating neurological and neuropsychiatric disorders. The data reveals Ketamir-2's selective inhibition of the NMDA receptor and favorable safety profile. MIRA's stock surged 38.8% following the announcement.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 7:24 pm

BTCUSD

A prominent trader suggests that the U.S. could address its $35 trillion national debt by investing in Bitcoin, given its impressive Compound Annual Growth Rate (CAGR). The trader hypothesizes that a $1 trillion investment in Bitcoin could potentially cover the national debt within a few years. This idea comes amid growing concerns about the sustainability of the U.S. debt and the current approach to managing it.

Portfolio Pulse from Khyathi Dalal

July 25, 2024 | 7:23 pm

ROL

Rollins shares are trading lower after the company reported worse-than-expected Q2 revenue.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:21 pm

GOOG

GOOGL

MSFT

Alphabet Inc (GOOG, GOOGL) shares fell following a report that OpenAI, backed by Microsoft (MSFT), plans to launch a search tool called 'SearchGPT' aimed at disrupting Google's search dominance. The tool will initially be available to a select group of users, with a 10,000-person waiting list already opened. Despite Alphabet's strong Q2 results and positive analyst feedback on its AI-powered search tools, the news of potential competition from OpenAI has impacted its stock price.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 7:20 pm

AMC

IMAX

AMC Entertainment Holdings, Inc (NYSE:AMC) saw a 7% increase in stock price on Thursday, reversing its losses from Wednesday. This boost was influenced by Imax Corp’s (NYSE:IMAX) strong second-quarter results, which exceeded analyst expectations. Imax's positive outlook and increased system installation guidance for 2024 also contributed to the positive sentiment. AMC's CEO remains optimistic about future box office performance despite recent disappointments.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 7:19 pm

LI

NIO

XPEV

China is expanding its stimulus program by approximately 300 billion yuan ($41.5 billion) to subsidize purchases of passenger vehicles and consumer electronics. This move has positively impacted Chinese electric vehicle stocks, including NIO Inc. (NYSE:NIO), XPeng Inc. (NYSE:XPEV), and Li Auto Inc. (NASDAQ:LI). The subsidies for trading in passenger cars for new energy vehicles will double, and trade-ins for gasoline vehicles will also increase. The People’s Bank of China executed an unscheduled lending operation at much lower rates, signaling a potential boost in monetary stimulus.

Portfolio Pulse from Anusuya Lahiri

July 25, 2024 | 7:09 pm

MATICUSD

Polygon (MATIC) has seen a significant price drop of 7.01% in the past 24 hours, continuing a week-long downward trend. Trading volume has decreased by 27.0%, and the circulating supply has fallen by 0.43%. The current market cap is $4.53 billion, ranking it #26.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 7:01 pm

FAF

First American Financial (NYSE:FAF) received mixed ratings from 4 analysts over the past three months, with a recent average price target of $64.0, down from $67.50. Analysts have adjusted their ratings and price targets in response to market conditions and company performance. The company faces challenges with declining revenue, low net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 7:01 pm

CAT

Caterpillar (NYSE:CAT) has outperformed the market over the past 20 years, delivering an average annual return of 12.02%. A $100 investment in CAT 20 years ago would be worth $948.65 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 7:01 pm