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ARM

ASML

Arm Holdings Plc (NASDAQ:ARM) shares are trading lower following weak guidance from ASML Holding N.V. (NASDAQ:ASML), despite ASML beating analyst estimates for Q2. Arm is set to report its fiscal Q1 results on July 31, with expectations of 34 cents per share in earnings and $903.573 million in revenue.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 1:25 pm

WKHS

Workhorse Group Inc (NASDAQ:WKHS) shares are experiencing continued momentum after a significant rally. The company was awarded a Sourcewell contract for zero-emission commercial vehicles, allowing it to expand its reach to government, educational, and nonprofit sectors across the U.S. and Canada. This contract streamlines the purchasing process for municipalities, aiding in the transition to zero-emission fleets.

Portfolio Pulse from Adam Eckert

July 17, 2024 | 1:24 pm

SPY

Fed's Barkin indicates that inflation is on the decline, but firms are still testing their pricing power. He suggests that the impacts of monetary policy may be slower to materialize and is closely monitoring the unemployment rate. Barkin is also open to the idea that current policy may not be as restrictive as previously thought.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:23 pm

ELV

HUM

UNH

Elevance Health Inc. (NYSE: ELV) reported Q2 revenues of $43.2 billion, slightly above expectations, with a 24% profit increase. Despite a 5% drop in medical membership, the company maintained its annual guidance. ELV shares are down 3.82% in premarket trading.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 1:22 pm

AMAT

AMD

NVDA

TSM

Shares of semiconductor stocks are trading lower amid reports that President Biden is considering further restrictions on China. The sector is also impacted by soft guidance from ASML.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:20 pm

HYPR

Hyperfine (NASDAQ:HYPR) has received FDA clearance for the ninth generation of its AI-powered Swoop® system software, which significantly reduces scan times for brain imaging without compromising quality. This positions Hyperfine as a leader in AI-powered health technology and could expedite diagnostics in acute care settings.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:20 pm

MU

Micron Technology, Inc. (NASDAQ:MU) has announced the release of the Crucial P310 2230 Gen4 NVMe SSD, which offers high read and write speeds and up to 2TB capacity, targeting handheld gaming, ultrathin laptops, and mini PCs.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:19 pm

SPY

Richmond Fed's Barkin stated that the expected recession to slow inflation has not materialized, and consumer spending remains strong.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:17 pm

SPY

USA Manufacturing Production for June increased by 0.4%, surpassing the estimated 0.2% but lower than the previous month's 1.0%.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:16 pm

SPY

USA Industrial Production for June increased by 0.6%, surpassing the estimated 0.3% and following a 0.9% rise in the previous month.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:16 pm