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AMD

MSFT

QQQ

SPY

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

ROCK

Gibraltar Industries has announced that its outlook for FY24 adjusted EPS remains unchanged, with the range continuing to be $4.57 - $4.82, compared to the estimated $4.71.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:55 am

MHUA

Meihua International announced that its NT-2000 Surgical Path Analysis System successfully supported the world's second 5G remote robot-assisted lobectomy.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:47 am

MILN

SBUX

XLY

Starbucks Corporation (NASDAQ:SBUX) shares are trading higher on Wednesday despite reporting third-quarter revenues that missed estimates. The company reported earnings in line with expectations and highlighted promising signs in its U.S. operations. Starbucks opened 526 new stores in the quarter and declared a cash dividend of 57 cents per share.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2024 | 11:46 am

MGNX

MacroGenics shares are trading lower following the announcement of a presentation of clinical data from the TAMARACK Phase 2 study of vobramitamab duocarmazine at the European Society for Medical Oncology Congress 2024. Multiple analysts downgraded the stock.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:45 am

BGFV

Big 5 Sporting Goods shares are trading lower after the company reported a year-over-year decrease in Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:45 am

INKT

MiNK Therapeutics announced that it has regained compliance with the Nasdaq Capital Market's market value of listed securities requirement.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:45 am

ROCK

Gibraltar Industries (NASDAQ:ROCK) reported Q2 2024 earnings of $1.18 per share, missing the analyst estimate of $1.25. Sales were $353.005 million, also below the $373.600 million estimate. Despite the misses, EPS increased by 2.61% year-over-year, while sales decreased by 3.26%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:40 am

UPST

Upstart Holdings shares are trading higher after Mizuho upgraded the stock from Underperform to Outperform and raised its price target from $17 to $31.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:40 am

QRVO

Qorvo shares are trading higher following better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:36 am