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Stock Prices

ADAUSD

Cardano (ADA) has experienced a 4.8% price drop in the last 24 hours, continuing a week-long decline of 7.0%. Trading volume has decreased by 31.0%, and the circulating supply has slightly decreased by 0.16%. ADA's market cap is currently ranked #11 at $14.55 billion.

Portfolio Pulse from Benzinga Insights

July 23, 2024 | 7:00 pm

CCSO

NUE

SLX

Nucor Corporation (NYSE:NUE) reported better-than-expected Q2 earnings, but analysts warn of weaker Q3 due to lower steel prices. Nucor's Q2 earnings per share were $2.68, beating the estimate of $2.35, and sales were $8.08 billion, surpassing the $7.69 billion estimate. However, lower average selling prices are expected to impact Q3 earnings. KeyBanc analyst Philip Gibbs notes weaker earnings guidance for Steel Products and Raw Materials. Investors can gain exposure via VanEck Steel ETF (NYSE:SLX) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 6:58 pm

DJT

SPY

Former President Donald Trump has announced that he will proceed with a debate against Vice President Kamala Harris and is open to participating in more than one debate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:52 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to announce its Q2 earnings after market close this Tuesday. The stock has shown a solid recovery, increasing 27% in July after a 10% rise in June. Analysts estimate an EPS of $0.60 for Q2, reflecting cautious optimism. Key points include the progress of the 'CyberCab' robotaxi initiative and concerns about automotive gross margins due to recent price cuts and workforce reductions.

Portfolio Pulse from Zaheer Anwari

July 23, 2024 | 6:51 pm

RGA

Reinsurance Group of America (RGA) shares are trading higher after Citigroup maintained a Buy rating on the stock and raised its price target from $194 to $252.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:50 pm

CLF

SLX

XME

Cleveland-Cliffs Inc. (NYSE:CLF) shares are trading higher after reporting Q2 financial results. Despite missing revenue estimates, the company beat earnings expectations and lowered its full-year 2024 capital expenditures. Additionally, Cleveland-Cliffs announced an acquisition of Stelco Holdings Inc. (OTC:STZHF), expected to boost EPS for 2024 and 2025. Investors can gain exposure via SPDR S&P Metals & Mining ETF (NYSE:XME) and VanEck Steel ETF (NYSE:SLX).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 6:47 pm

RBLX

Roblox Corporation (RBLX) posted a cryptic message on X (formerly Twitter) stating 'Almost time,' which has generated speculation about potential upcoming announcements or events.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:47 pm

NVO

The U.K.'s MHRA has approved Novo Nordisk's (NYSE:NVO) weight loss drug Wegovy for reducing heart disease risk in obese patients. This makes Wegovy the first weight loss drug approved to prevent cardiovascular events in people with a BMI of 27 or higher. The approval is based on a clinical study showing a 20% reduction in major adverse cardiovascular events. Novo Nordisk is also expanding its production facilities in Denmark and the U.S. NVO stock is up 0.24% at $133.50.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 6:40 pm

ETHUSD

SOLUSD

A 10x Research report suggests caution for Ethereum (ETH) investors, indicating that the recent ETF launch might lead to a sell-off rather than a rally. Historical patterns and several factors, including limited marketing efforts, low funding rates, and stagnant network growth, support this view. The report also highlights a potential shift in favor of Solana (SOL) over Ethereum.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 6:39 pm

IBM

IBM is set to report its Q2 earnings with Wall Street expecting $2.19 EPS and $15.6 billion in revenues. The stock has shown a bullish trend, supported by various technical indicators, and analysts see an 8% upside with a price target of $200.

Portfolio Pulse from Surbhi Jain

July 23, 2024 | 6:39 pm