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META

MSFT

LinkedIn, owned by Microsoft (NASDAQ:MSFT), is deploying AI and games to increase user engagement and compete with Meta Platforms Inc's (NASDAQ:META) Facebook and TikTok. LinkedIn aims to build daily habits among users and has seen a record engagement of 1.5 million content interactions per minute in June. Despite recent growth, the platform's year-on-year growth has slowed. LinkedIn's Premium subscription revenue grew by 25% year over year, reaching $1.7 billion.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 10:45 am

Raymond James analyst Olivia Tong has downgraded Estee Lauder Cos (NYSE:EL) from Strong Buy to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:44 am

CRUZ

EIRL

RYAAY

Ryanair Holdings plc (NASDAQ:RYAAY) shares dropped 12.8% premarket after missing Q1 FY25 earnings expectations. Revenue fell 1% Y/Y, with a 15% decrease in average fares. Traffic grew 10%, but net profit dipped 46%. Operating costs rose due to Boeing delivery delays. Ryanair's outlook remains cautious with weaker-than-expected pricing for Q2.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:43 am

Daqo New Energy has announced a $100 million share buyback program, which will be effective through June 2025.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:38 am

CRWD

GLD

MSFT

SPY

UNG

On July 19th, U.S. stock markets closed lower due to a global tech outage caused by a glitch in Crowdstrike’s software, affecting Microsoft’s Windows system. The Dow Jones fell 0.93%, the S&P 500 declined 0.71%, and the Nasdaq Composite dropped 0.81%. Energy shares experienced the largest decline, while healthcare and utilities posted gains. Baker Hughes reported a decrease in active U.S. oil rigs. European markets advanced, and the U.S. dollar retreated while gold held above $2,400.

Portfolio Pulse from Akanksha Bakshi

July 22, 2024 | 10:36 am

NUVL

Nuvalent, Inc. (NASDAQ: NUVL) has initiated a Phase 1 clinical trial for its HER2-selective inhibitor, NVL-330, targeting pre-treated patients with HER2-altered non-small cell lung cancer (NSCLC).

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:31 am

ITA

PPA

WWD

Boeing's Commercial Market Outlook predicts a need for 44,000 new airplanes by 2043, driven by emerging markets and single-aisle demand. The global fleet is expected to grow at 3.2% annually. Boeing also forecasts a $4.4 trillion demand for commercial services. Woodward, Inc. will supply solutions for Boeing's X-66A aircraft. Boeing faces a potential strike from Washington state factory workers. Boeing's stock has declined over 16% in the past year.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 10:23 am

Boeing has announced that Korean Air intends to purchase up to 50 widebody airplanes, including 20 777-9s and 20 787-10s, with options for 10 more 787 Dreamliners. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 10:14 am

BABA

BIDU

BILI

NVDA

PDD

China has lowered key interest rates to stimulate its economy, leading to a rise in Chinese stocks including Alibaba, PDD Holdings, JD.Com, Baidu, and Bilibili. Nvidia is developing a new AI chip to meet U.S. export restrictions for China, which could benefit Alibaba and Baidu. Alibaba, Baidu, JD.Com, and Bilibili have faced significant stock declines over the past year, while PDD has seen gains.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 10:13 am

ASX

TSM

UMC

Nvidia, Apple supplier TSMC, and other US-listed Taiwan stocks, including UMC and ASE Technology, are trading lower in the pre-market after President Joe Biden announced his withdrawal from the presidential race. TSMC shares dropped 1.25%, UMC fell 1.28%, and ASE Technology dipped 0.73%. The Taiex index also plummeted almost 700 points.

Portfolio Pulse from Pooja Rajkumari

July 22, 2024 | 10:10 am