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EWQ

FEZ

FXE

The European Central Bank (ECB) kept its key interest rates unchanged at its July meeting, aligning with market expectations. The ECB did not provide specific guidance on future policy, slightly chilling market expectations for a September rate cut. The euro held steady against the U.S. dollar, and European equity markets rose, with France's CAC 40 index being the top performer.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 1:18 pm

CMCSA

PARA

T

VOX

WBD

XLC

Warner Bros Discovery Inc (NASDAQ:WBD) shares are surging as the company considers asset sales and a potential spin-off of its digital streaming and studio businesses. CEO David Zaslav aims to manage the company's $39 billion debt and improve its struggling share price. Informal talks with advisors to rival media companies have taken place, and a strategic spin-off could provide financial flexibility for the growing streaming and studio business. The company's shares have plummeted nearly 70% since its spin-off from AT&T Inc (NYSE:T) two years ago.

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 1:18 pm

HAIL

XPEV

XPeng Inc (NYSE:XPEV) shares are trading lower in the premarket session due to reports of potential U.S. chip sale restrictions on China. Despite this, XPeng's partnership with Volkswagen is progressing, with significant collaboration in EV technology. Volkswagen plans to invest $700 million in XPeng and co-develop two EV models. XPeng's G6 model also made its U.K. debut recently.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 1:17 pm

AAPL

AI

AMD

JD

META

MU

NVDA

QQQ

TSM

WAY

The top 10 trending stocks on WallStreetBets as of July 18, 2024, include TSM, NVDA, WAY, QQQ, META, AAPL, AI, JD, AMD, and MU, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:17 pm

F

GM

RIVN

TSLA

Tesla's Cybertruck outsold Ford's F-150 Lightning and Rivian's R1T in May, despite its higher price. Tesla registered 3,907 Cybertrucks, compared to 2,353 F-150 Lightnings and 1,237 R1Ts. General Motors' electric trucks had significantly lower registrations. Tesla is ramping up production to meet high demand.

Portfolio Pulse from Anan Ashraf

July 18, 2024 | 1:15 pm

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) is trading higher after a recent dip, driven by a rebound in Bitcoin prices and positive inflows into Bitcoin spot ETFs. The company is set to report its Q2 financial results on Aug. 1, with expected losses and revenue projections. Marathon's Bitcoin production decreased year-over-year, but its operational hashrate and total Bitcoin holdings have increased.

Portfolio Pulse from Adam Eckert

July 18, 2024 | 1:15 pm

DHI

D.R. Horton shares are trading higher following the release of better-than-expected Q3 financial results and an upward revision of its FY24 guidance. Additionally, the company has authorized a new $4 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:13 pm

LESL

Leslie's Inc (NASDAQ: LESL) shares are down 20.1% after the company reported lower-than-expected preliminary Q3 financial results and cut its full-year guidance. Analysts have also lowered their price targets for the stock.

Portfolio Pulse from Adam Eckert

July 18, 2024 | 1:10 pm

ACAD

Acadia Pharmaceuticals announced continued improvements in RSBQ and CGI-I scores with long-term DAYBUE treatment in Phase 3 LAVENDER and LILAC studies. The safety profile of DAYBUE remains consistent with previous findings, and published results show improved Rett symptoms in patients completing LILAC-1 and LILAC-2 open-label extension studies.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:09 pm

BYND

Beyond Meat Inc (NASDAQ:BYND) shares are trading lower following a report indicating the company's liquidity position has weakened. The company has reached out to bondholders to discuss potential restructuring of its balance sheet. Beyond Meat has been burning through cash and is expected to report a loss in its upcoming earnings report.

Portfolio Pulse from Adam Eckert

July 18, 2024 | 1:09 pm