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SPY

Durable goods orders in the USA for June decreased by 6.6% month-over-month, significantly missing the estimated increase of 0.3% and the prior month's increase of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:30 pm

LHX

L3Harris Technologies (NYSE:LHX) is expected to report Q2 earnings of $3.18 per share, up from $2.97 a year ago, with projected revenue of $5.3 billion. The company declared a quarterly dividend of $1.16 per share, yielding 1.96%. Investors need 1,293 shares to earn $500 monthly from dividends. LHX shares fell 1.2% to $237.15.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 12:30 pm

SPY

The US GDP for Q2 grew by 2.8%, surpassing the estimated growth of 2%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:30 pm

KLAC

KLA shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:27 pm

LLY

NVO

Eli Lilly and Novo Nordisk shares are trading lower after competitor Viking announced the advancement of its obesity candidate.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:26 pm

F

Ford Motor Co. (NYSE:F) will focus on smaller, affordable electric vehicles (EVs) even if former President Donald Trump wins the 2024 presidential elections. CEO Jim Farley emphasized that larger EVs exert more pressure on margins and that the company aims to develop EVs priced under $40,000 or even $30,000. Despite a $1.14 billion EBIT loss in the second quarter for its EV segment, Ford remains committed to its EV strategy, aiming to be competitive with Chinese manufacturers and Tesla.

Portfolio Pulse from Anan Ashraf

July 25, 2024 | 12:23 pm

TSCO

Tractor Supply Company (NASDAQ:TSCO) reported Q2 earnings with sales missing analyst expectations, leading to a 3.79% drop in share price. The company tightened its 2024 outlook and highlighted progress in its strategy to differentiate from competitors.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2024 | 12:22 pm

VKTX

Viking Therapeutics shares are trading higher after the company announced the advancement of VK2735 to Phase 3.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:20 pm

AZN

REGN

SNY

Sanofi SA (NASDAQ:SNY) reported strong Q2 earnings with a business operating income of $3.03 billion, up 3.2% YoY. Sales of $11.57 billion beat estimates, driven by the blockbuster drug Dupixent, which saw a 29.2% increase in sales. Sanofi raised its 2024 profit outlook, expecting stable business EPS and mid-single-digit growth in vaccine sales.

Portfolio Pulse from Vandana Singh

July 25, 2024 | 12:20 pm

ORLY

O'Reilly Automotive shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:18 pm