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ARGX

argenx (NASDAQ:ARGX) reported Q2 2024 GAAP EPS of $0.45, significantly beating the analyst estimate of $(0.98). The company also reported sales of $489.428 million, surpassing the estimate of $439.217 million. This represents a substantial year-over-year improvement in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:09 am

STM

STMicroelectronics (NYSE: STM) reported Q2 2024 earnings per share (EPS) of $0.38, missing the analyst consensus estimate of $0.44 by 13.64%. However, the company reported sales of $3.232 billion, beating the estimate of $3.202 billion by 0.94%. Both EPS and sales figures represent significant declines from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:02 am

BTCUSD

DOGEUSD

SHIBUSD

SOLUSD

Cat-themed meme coin, Cat In A Dogs World (MEW), surged 81% over the past week, outperforming other cryptocurrencies like Dogecoin, Shiba Inu, and Bitcoin. The rally is driven by first-time traders and small retail investors. Solana (SOL) also saw a 7% increase, with growing interest from major investment firms.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 4:09 am

GOOG

GOOGL

Wedbush analyst Dan Ives is optimistic about Alphabet Inc. (NASDAQ:GOOGL, NASDAQ:GOOG), citing a resurgence in the company's momentum, particularly in AI and advertising. Despite a recent sell-off, Alphabet's strong Q2 financial performance and future potential in AI are highlighted.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 3:27 am

CMG

NVDA

TSLA

VKTX

On Wednesday, major U.S. indices closed significantly lower, with the Dow Jones, S&P 500, and Nasdaq all experiencing declines. Key stocks that gained attention included Nvidia, Ford, Chipotle, Viking Therapeutics, and Tesla. Nvidia saw a significant selloff due to disappointing earnings from Tesla and Alphabet. Ford reported a 6% increase in Q2 revenue, beating estimates. Chipotle reported an 18.2% increase in Q2 revenue, also beating estimates. Viking Therapeutics reported quarterly losses that were better than expected. Tesla shares plunged after reiterating plans to produce new EVs by 2025.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 2:40 am

BTCUSD

Economist Peter Schiff criticized Bitcoin investors' hopes that former President Donald Trump would declare Bitcoin as a Treasury reserve asset, comparing it to political vote-buying tactics like President Joe Biden's student loan forgiveness promise. Schiff's remarks come amid rumors and a cryptic post by Sen. Cynthia Lummis suggesting Trump might make such an announcement at the Bitcoin 2024 conference. Despite this, the cryptocurrency prediction market Polymarket sees only a 29% chance of this happening. Bitcoin is currently trading at $64,248.61, down 2% in the last 24 hours.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 2:35 am

NVDA

SK Hynix, a key supplier to Nvidia, reported its highest quarterly profit since 2018, driven by the demand for AI chips. Despite this, SK Hynix's stock dropped nearly 8% following a US tech sell-off, which also saw Nvidia's stock decrease by 6.8%.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 2:28 am

BTCUSD

DOGEUSD

ETHUSD

GOOGL

TSLA

Bitcoin remained stable while Ethereum and Dogecoin fell amid a stock market crash. Ethereum saw significant sell-offs and liquidations, with analysts predicting a potential rise to $4,000 in the next two weeks. The stock market experienced its worst day since 2022, with major declines in Alphabet and Tesla shares.

Portfolio Pulse from Aniket Verma

July 25, 2024 | 2:10 am

ARKW

TSLA

Cathie Wood's Ark Invest made significant trades involving Tesla Inc (TSLA) and other companies. Despite Tesla's recent financial challenges, Ark Invest's ARK Next Generation Internet ETF (ARKW) acquired $7.16 million worth of Tesla shares. Tesla's Q2 earnings showed a revenue beat but an EPS miss, with automotive revenue dropping 7% YoY. Ark Invest also made trades involving MercadoLibre Inc, Toast Inc, 10X Genomics Inc, Teladoc Health Inc, and Oklo Inc.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:55 am

Peter Schiff highlights economic struggles as Ford's Q2 profits disappoint, leading to a 12% drop in shares. Rising living costs and high interest rates are cited as reasons Americans can't afford new cars. Despite a 6% revenue increase, Ford's earnings per share missed estimates, causing concern.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 1:31 am