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DIA

GOOGL

IWM

QQQ

SPY

TSLA

Major indexes are lower as Tesla and Alphabet shares drop on earnings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:22 pm

BTCUSD

Mt. Gox has moved $2.8 billion worth of Bitcoin, raising concerns about potential selling pressure. Despite the large transfers, Bitcoin prices have remained stable. Mt. Gox is in the process of compensating creditors affected by a 2014 hack, with more distributions expected in the coming months.

Portfolio Pulse from Murtuza Merchant

July 24, 2024 | 2:21 pm

THC

Tenet Healthcare Corporation (NYSE: THC) reported strong Q1 earnings, with sales of $5.37 billion, beating the consensus of $5.15 billion. The company announced a $1.5 billion share buyback program and raised its FY 2024 revenue guidance. Adjusted EBITDA for Q2 2024 was $945 million, up from $843 million a year ago. THC stock rose 5.28% following the news.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 2:21 pm

GD

General Dynamics Corp (NYSE:GD) reported strong Q2 2024 revenue growth of 18% YoY to $11.976 billion, beating expectations. However, EPS of $3.26 missed the consensus of $3.29, leading to a 5.69% drop in share price. Operating earnings rose 20.2% YoY, and the company saw growth across all segments. Despite positive revenue, the outlook indicates a margin shrinkage by 30 basis points.

Portfolio Pulse from Akanksha Bakshi

July 24, 2024 | 2:20 pm

HIBB

QDEL

QuidelOrtho shares are trading higher after the company announced it will replace Hibbett in the S&P SmallCap 600.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:20 pm

DRMA

Dermata Therapeutics shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:17 pm

BHC

Bausch Health Companies shares were halted on a circuit breaker due to a significant drop, with the stock now down by 30.6%.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:17 pm

AZTR

GOOG

NUZE

VWE

U.S. stocks traded lower with the Dow Jones dipping around 400 points. Alphabet Inc. (GOOG) posted better-than-expected earnings and sales results for its second quarter. NuZee, Inc. (NUZE) shares shot up 230%, while Azitra, Inc. (AZTR) shares dropped 75% after a public offering announcement. Vintage Wine Estates, Inc. (VWE) announced bankruptcy filing and voluntary delisting.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 2:17 pm

SIRI

Investors have taken a bearish position in Sirius XM Holdings (NASDAQ:SIRI), with 81% of recent options trades being puts. This suggests potential foreknowledge of upcoming events. The stock is currently trading at $3.98, up 4.87%, but RSI indicators show it may be overbought. Analysts have mixed ratings with a consensus target price of $3.825.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:16 pm

QCOM

Investors with significant capital have taken a predominantly bearish stance on Qualcomm (NASDAQ:QCOM) through options trading. Benzinga's options scanner identified 9 unusual trades, with 55% being bearish. The trades suggest a price target range of $177.5 to $200.0 for QCOM over the next three months. Analysts have mixed ratings, with price targets ranging from $200 to $250.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:16 pm