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Stock Prices

SPY

The Chicago Purchasing Managers' Index (PMI) for July came in at 45.3, below the estimated 45 and the prior month's 47.4. This indicates a contraction in business activity in the Chicago area.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:47 pm

LNTH

Lantheus shares are trading lower after the company cut its FY24 EPS outlook.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:44 pm

NUZE

Nuzee shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:43 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) is experiencing a strong bearish trend ahead of its Q3 earnings report. The stock is currently trading below its short-term moving averages, indicating ongoing selling pressure. Despite a long-term bullish signal, technical indicators suggest potential risks. Analysts, however, see a 34% upside with a consensus price target of $194.63.

Portfolio Pulse from Surbhi Jain

July 31, 2024 | 1:43 pm

AMZN

GOOG

GOOGL

META

Barry Sternlicht, CEO of Starwood Capital, expressed skepticism about Federal Reserve Chair Jerome Powell's role in the robust U.S. economy, attributing more credit to companies like Amazon, Meta, and Alphabet. Sternlicht emphasized that many jobs in healthcare, government, and education are not influenced by interest rates.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 1:42 pm

ANET

Arista Networks shares are trading lower despite reporting better-than-expected Q2 financial results and raising its Q3 revenue guidance. Jefferies maintained a Buy rating and increased its price target from $340 to $380.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:41 pm

NUZE

Nuzee shares have been halted to the upside, with the stock currently up by 82.97%.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:39 pm

GRMN

Garmin Ltd (NYSE:GRMN) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. The company saw significant growth in its Fitness and Marine segments, leading to an increased annual revenue outlook. Despite a slight decline in gross margin, the operating margin improved. Garmin's stock has gained over 69% in the last 12 months but traded lower by 2.70% recently.

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 1:38 pm

AMD

DIA

IWM

QQQ

SPY

Major indexes are higher as chip and tech stocks gain following strong earnings from AMD.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:38 pm

RMNI

Rimini Street shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:37 pm