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CMCSA

DKNG

Simone Biles helped Team USA win gold in the 2024 Summer Olympics team all-around gymnastics event. She and Suni Lee will compete in the individual all-around championship, with Biles favored to win. DraftKings provides betting odds, and the event will be broadcast on NBC and Peacock, potentially benefiting Comcast.

Portfolio Pulse from Chris Katje

July 31, 2024 | 6:15 pm

CHK

Chesapeake Energy (NYSE:CHK) has seen a 5.87% increase in its short percent of float, now at 14.8% of all regular shares available for trading. This is higher than the peer group average of 5.84%. It would take traders 13.85 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:15 pm

RDWR

Radware shares are trading higher following the release of better-than-expected Q2 financial results and the announcement of the launch of Radware EPIC-AI.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:12 pm

QQQ

SPY

UUP

The Federal Reserve kept interest rates unchanged at 5.25%-5.5% during its July FOMC meeting, noting improvements in inflation but not suggesting an imminent rate cut. Stocks held gains, with the S&P 500 and Nasdaq 100 rising, while the U.S. Dollar Index saw a slight recovery.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 6:11 pm

BTCUSD

MoonPay President Keith Grossman criticizes the U.S. Government's potential sale of Bitcoin to address the national debt, arguing it is a short-sighted move. He emphasizes that cryptocurrency should be properly regulated and not politicized.

Portfolio Pulse from Khyathi Dalal

July 31, 2024 | 6:10 pm

SPY

The Federal Reserve's statement indicates that job gains have moderated and the unemployment rate has moved up but remains low.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:09 pm

PRTS

CarParts.com (NASDAQ:PRTS) reported a Q2 loss of 15 cents per share, missing market expectations. Sales also fell short of estimates. Following the earnings report, RBC Capital downgraded the stock and lowered its price target, while Lake Street maintained a Buy rating but also reduced its price target. Shares fell 13.8% to $1.0350.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 6:07 pm

SPY

The Federal Reserve has noted that inflation has eased over the past year but remains somewhat elevated. Recent months have shown further progress towards the Fed's 2 percent inflation objective.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:06 pm

SPY

The Federal Open Market Committee (FOMC) has released its latest statement, indicating a decision to maintain the federal funds rate at its current range of 5.25% to 5.50%. The decision reflects ongoing concerns about inflation and economic growth. The FOMC will continue to monitor economic indicators and adjust policies as necessary to achieve its dual mandate of maximum employment and price stability.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:02 pm

SPY

The Federal Reserve has reiterated that it does not expect to lower interest rates until it has greater confidence that inflation is moving sustainably toward the 2% target.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:02 pm