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LADR

Ladder Capital (LADR) reported Q2 2024 adjusted EPS of $0.31, beating the estimate of $0.30. However, sales were $76.725 million, missing the estimate of $86.804 million.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:48 pm

SGBX

Safe & Green Holdings Corp. (NASDAQ:SGBX) has received an extension until November 12, 2024, to meet Nasdaq's minimum stockholders' equity requirement of $2.5 million. The company plans to achieve compliance through recent private placements, cost-cutting measures, debt reduction, and other strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:44 pm

META

Meta Platforms Inc (NASDAQ:META) has launched Llama 3.1, a significant open-source AI model, marking a major milestone in its AI ambitions. JPMorgan analyst Doug Anmuth highlights Meta's AI advancements and predicts it could become the most-used AI assistant by year-end. Meta's open-source strategy aims to democratize AI access and challenge industry giants. The company is also planning future iterations up to Llama 7, with potential capex guidance for 2024-2025 reaching $50 billion. Anmuth rates Meta as 'Overweight' ahead of its earnings next week.

Portfolio Pulse from Surbhi Jain

July 25, 2024 | 12:44 pm

FN

IJR

IWM

NVDA

Fabrinet (NYSE:FN) is gaining attention due to its strategic partnership with Nvidia (NASDAQ:NVDA), significantly boosting its datacom revenues. However, Nvidia's shift towards copper-based solutions could impact Fabrinet's core business. Despite this risk, Fabrinet's strong financial performance and growth potential in the AI sector make it a noteworthy investment. The company is also a top holding in small-cap ETFs like iShares Core S&P Small-Cap ETF (NYSE:IJR) and iShares Russell 2000 ETF (NYSE:IWM).

Portfolio Pulse from Surbhi Jain

July 25, 2024 | 12:44 pm

LUV

Southwest Airlines (NYSE:LUV) reported a mixed Q2 2024 earnings with a 4.5% revenue increase but a significant drop in adjusted EPS and operating income. CEO Bob Jordan announced transformational changes to address internal and external challenges. The stock is trading lower by 4.59% premarket.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 12:43 pm

ALTS

ALT5 Sigma Corporation reported a transaction volume of $879 million for Q1 and Q2 2024, marking a 99% year-over-year increase. The transaction volume for June 2024 alone reached $124 million, up 68% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:41 pm

QQQ

UUP

The U.S. economy expanded by 2.8% in Q2 2024, surpassing expectations. The Personal Consumption Expenditure (PCE) price index and Core PCE price index both showed signs of easing inflation. Weekly jobless claims also fell, indicating a resilient labor market. The U.S. dollar index rose slightly, and futures on major U.S. indices trimmed losses.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 12:41 pm

ESQ

Esquire Financial Holdings (NASDAQ:ESQ) reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.19 by 5.04%. This represents a 13.64% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:41 pm

ANRO

Alto Neuroscience (NYSE:ANRO) has received an $11.7 million funding award from the Wellcome Trust to advance the development of ALTO-100 in bipolar depression. The funding will support a Phase 2b study involving 200 patients, leveraging a cognitive biomarker approach. Topline data is expected in 2026.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:35 pm

CRVS

Corvus Pharmaceuticals announced a publication in Science Signaling demonstrating that ITK inhibition by Soquelitinib induces anti-inflammatory Treg cells. The study highlights the potential for treating inflammatory autoimmune and allergic diseases.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:35 pm