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SAVE

Spirit Airlines shares are trading lower after the company provided a soft revenue guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:32 pm

FOXO

FOXO Technologies has received a non-compliance notice from the NYSE, indicating that the company is not meeting the exchange's listing standards.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:31 pm

RTX

SAVE

Spirit Airlines expects to receive AOG credits from Pratt & Whitney amounting to $37M in Q2 2024, enhancing liquidity by $150M-$200M for FY24. Additionally, $52M will be recorded as a reduction in cost of assets on the company's balance sheet in Q2.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:31 pm

CARA

GRWG

SMG

UGRO

The cannabis sector saw significant movements on July 16, 2024, with several stocks experiencing notable gains and losses. Key gainers included Pharmadrug, Heritage Cannabis Holding, and Cara Therapeutics, while MJ Holdings and Leafbuyer Techs were among the biggest losers.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 8:30 pm

JBHT

J.B. Hunt Transport Services shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:29 pm

SAVE

Spirit Airlines (SAVE) has revised its Q2 2024 revenue estimate to $1.28 billion, down from $1.33 billion, primarily due to lower non-ticket revenue. The company also reported that non-ticket revenue per passenger segment will be about $64, lower than anticipated. Spirit is executing a transformation plan to align with market dynamics and expects future revenue improvements. Additionally, Spirit has an agreement with International Aero Engines, LLC for monthly credits due to engine issues, which have benefited liquidity by $94 million year-to-date. The adjusted operating margin for Q2 2024 is estimated to be between -13.5% and -12.5%.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:29 pm

DJT

TSLA

Elon Musk has endorsed Donald Trump for the 2024 presidential election and reportedly donated millions to a political action committee supporting Trump. This move has raised concerns among investors and analysts, given Trump's past criticism of the electric vehicle sector. Analysts suggest that this political alignment could impact Tesla's business, particularly in blue states that are more supportive of energy storage initiatives.

Portfolio Pulse from Chris Katje

July 16, 2024 | 8:26 pm

IBKR

Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported better-than-expected Q2 results with a 29% increase in sales and a 28% increase in customer accounts. The company also declared a quarterly dividend of $0.25 per share.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 8:26 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, and Dogecoin. Long liquidations have spiked, and Bitcoin open interest has surged. Ethereum ETFs are expected to attract significant inflows. Analysts predict potential explosive growth in September/October if historical patterns repeat.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 8:24 pm

PET

Wag! Group shares are trading lower following the announcement of a proposed public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 8:20 pm