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RUM

Rumble Inc. (NASDAQ:RUM) announced the release of its new Xbox app, supported on all Microsoft Corp.'s (NASDAQ:MSFT) Xbox devices starting with 2013 third-generation models. The app enhances video distribution and supports the independent creator economy. Rumble shares gained over 20% last Monday due to political developments and is set to report Q2 results on Aug. 12. Wedbush initiated coverage with a Neutral rating and an $8 price target.

Portfolio Pulse from Erica Kollmann

July 26, 2024 | 2:46 pm

AES

ILMN

KHC

SCHW

SLB

Benzinga's 'Stock Whisper' Index highlights five stocks that are gaining interest among investors but are not widely discussed yet. The stocks include The AES Corporation, The Kraft Heinz Company, Illumina Inc, Charles Schwab Corporation, and Schlumberger. Each company has upcoming events or recent developments that could impact their stock prices.

Portfolio Pulse from Chris Katje

July 26, 2024 | 2:43 pm

IYG

JPM

XLF

JPMorgan Chase & Co. (NYSE:JPM) has launched an in-house generative AI tool named LLM Suite to enhance its research capabilities. The tool, similar to OpenAI's ChatGPT, is designed to assist with writing, idea generation, and document summarization. This rollout is one of the largest Wall Street implementations of an in-house developed large language model. JPMorgan's second-quarter revenue rose 22% year over year to $50.2 billion, beating the consensus of $42.3 billion, and adjusted EPS of $4.40, exceeding the consensus of $4.19. JPM shares are up 1.49% at $211.77.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 2:39 pm

DXCM

DexCom, Inc. (NASDAQ:DXCM) shares are trading lower after the company reported worse-than-expected second quarter revenue and issued weak guidance. Despite beating EPS estimates, the revenue miss and lowered guidance led to multiple analyst downgrades and price target reductions.

Portfolio Pulse from Dylan Berman

July 26, 2024 | 2:39 pm

RIOT

Riot Platforms shares are trading higher after Stifel initiated coverage with a Speculative Buy rating and a price target of $18. Additionally, crypto-linked stocks are benefiting from a rise in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:36 pm

NIPG

Trading halt status for NIPG was updated at 10:35:00 AM ET. The IPO security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:35 pm

CAMX

E

Eni S.p.A. (NYSE:E) reported a decline in Q2 FY24 profit but exceeded expectations, leading to a rise in shares. The company saw a 6% increase in hydrocarbon production and significant efficiency gains. Eni also announced a new biorefinery project and provided an optimistic outlook for the year, including a dividend increase and a buyback plan.

Portfolio Pulse from Lekha Gupta

July 26, 2024 | 2:33 pm

AMGN

Deep-pocketed investors have adopted a bearish approach towards Amgen (NASDAQ:AMGN), with 62% of notable options activities being puts. This significant move suggests potential upcoming volatility. The stock is currently trading at $334.17, with a consensus target price of $321.5. Analysts have mixed ratings, with Argus Research maintaining a Buy rating and Morgan Stanley an Equal-Weight rating.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 2:31 pm

JPM

High-rolling investors have shown a bullish sentiment on JPMorgan Chase (NYSE:JPM) through significant options trades, with a notable volume of calls over puts. Analysts have set an average price target of $221.6, with the stock currently trading at $211.31. The options market indicates a price window of $205.0 to $220.0 for JPMorgan Chase.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 2:31 pm

CL

Colgate-Palmolive has raised its FY24 organic sales growth guidance from 5-7% to 6-8%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:31 pm