Streetbeat News

Stock Prices

NIPG

NIP Group shares were halted on a circuit breaker due to a significant drop in stock price, now down 9.39%.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:38 pm

AEP

DIVZ

XLU

American Electric Power (AEP) reported mixed Q2 2024 results with revenue missing estimates but adjusted EPS beating expectations. The company announced job cuts and maintained its FY24 guidance. AEP also appointed a new CEO and plans significant future investments in energy resources.

Portfolio Pulse from Lekha Gupta

July 30, 2024 | 1:28 pm

MCD

McDonald's Corp (NYSE:MCD) reported worse-than-expected Q2 FY24 results, with sales and EPS missing analyst estimates. Global and U.S. comparable sales also declined. Despite this, McDonald's shares rose 3.7%. Analysts have lowered their price targets but maintained positive ratings.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 1:26 pm

BITF

CLSK

RIOT

Jefferies analysts suggest that Donald Trump's recent pro-crypto statements and promises could tie Bitcoin's price to the outcome of the 2024 U.S. presidential election. The Bitcoin mining industry is also seeing changes, with major companies like CleanSpark and Riot Platforms making strategic moves. The upcoming Benzinga Future of Digital Assets event will further explore these trends.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 1:22 pm

AMD

CRWD

MADE

MSFT

NVDA

PYPL

SOFI

TSLA

WAY

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:22 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after the company reported better-than-expected financial results for the fourth quarter. The company achieved a Q4 revenue of $229.882 million and an EPS of 4 cents, both surpassing estimates. Tilray saw significant growth in its cannabis and beverage-alcohol segments, while also reducing its net convertible debt by about $300 million. Despite the positive results, Zuanic & Associates maintained a Neutral rating on the stock.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 1:17 pm

AAPL

AMZN

MAGS

META

MSFT

The Magnificent Seven, a group of elite tech companies, face a crucial market test as four mega-cap tech giants—Microsoft, Meta Platforms, Amazon, and Apple—report their quarterly earnings this week. The Roundhill Magnificent Seven ETF recently experienced its worst day since inception, highlighting market volatility. Analysts are closely watching investor sentiment and potential shifts in market dynamics.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 1:15 pm

VBIV

Trading for VBIV was halted at 9:15:00 a.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:15 pm

CRWD

DAL

MSFT

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading lower following reports that Delta Air Lines Inc (NYSE:DAL) will seek compensation for a recent IT outage. Delta has hired attorney David Boies to seek damages from CrowdStrike and Microsoft Corp (NASDAQ:MSFT). The outage, which was not a security incident, caused significant financial losses for Delta and other companies. Despite the negative news, Needham analyst Alex Henderson maintained a Buy rating on CrowdStrike but lowered the price target from $425 to $375.

Portfolio Pulse from Adam Eckert

July 30, 2024 | 1:12 pm

ON Semiconductor Corp (NASDAQ:ON) reported better-than-expected Q2 2024 financial results, with revenue and EPS beating analyst estimates. The company also provided a positive outlook for Q3. Analysts have raised their price targets following the announcement.

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 1:12 pm