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UBS

UBS Group (NYSE:UBS) reported Q2 2024 earnings per share (EPS) of $0.34, significantly beating the analyst consensus estimate of $0.12. The company also reported quarterly sales of $11.904 billion, surpassing the estimate of $11.295 billion. Despite the strong performance, EPS decreased by 96% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:31 am

CAH

CSCO

EAT

OUST

SERV

Key stocks to watch include Brinker International, Serve Robotics, Cisco Systems, Ouster, and Cardinal Health. Brinker and Cardinal Health are set to report earnings before the bell, while Cisco will report after the market closes. Serve Robotics reported strong Q2 sales, while Ouster reported weak Q2 sales and guidance.

Portfolio Pulse from Avi Kapoor

August 14, 2024 | 6:05 am

TSLA

Tesla CEO Elon Musk has proposed a government efficiency committee aimed at deregulation and reducing wasteful spending, which he discussed with Donald Trump. Musk believes this could lead to significant growth and opportunity. He has expressed willingness to be part of such a committee if Trump wins the upcoming Presidential elections. Musk also endorsed Trump in July, despite Trump's stance on eliminating EV subsidies, which Musk claims would slightly impact Tesla but devastate competitors.

Portfolio Pulse from Anan Ashraf

August 14, 2024 | 6:04 am

FLNG

Flex LNG (NYSE:FLNG) reported Q2 2024 adjusted EPS of $0.56, beating the estimate of $0.50, but sales of $84.7M missed the $86M estimate. EPS increased by 7.69% YoY, while sales decreased by 2.34% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:40 am

CMG

SBUX

Starbucks has appointed Brian Niccol, former CEO of Chipotle, as its new CEO, replacing Laxman Narasimhan. Jim Cramer believes Niccol will be instrumental in turning around Starbucks, which has faced challenges in the U.S. and China. Starbucks' stock surged 24.5% following the announcement, while Chipotle's stock dropped by 10%. Analysts have mixed opinions on Niccol's appointment.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 5:08 am

RIOT

Senator Cynthia Lummis' proposed BITCOIN Act, which aims to strengthen the U.S. dollar and reduce national debt through a strategic Bitcoin reserve, has received support from Pierre Rochard, VP of Research at Riot Platforms. Rochard defended the legislation against common objections, emphasizing Bitcoin's fundamentals and its decentralized nature. The bill proposes a $1 million purchase program to acquire 5% of Bitcoin's total supply over five years, with a minimum holding period of 20 years.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 4:47 am

BTCUSD

Peter Schiff warns that lower interest rates and a recession could lead to higher inflation due to increased federal deficits and a weaker dollar. This comes as the Federal Reserve's monetary policy is under scrutiny, with upcoming inflation data potentially influencing rate cut decisions.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 4:23 am

CMG

GOOG

SBUX

TSLA

Major U.S. indices closed positively, with notable movements in Starbucks, Chipotle, Alphabet, Nu Holdings, and Tesla stocks. Starbucks surged after appointing Brian Niccol as CEO, while Chipotle declined. Alphabet fell due to DOJ breakup concerns. Nu Holdings rose on strong Q2 results, and Tesla increased with Model Y's success in China.

Portfolio Pulse from Benzinga Neuro

August 14, 2024 | 3:53 am

DOGE

ETH

SHIB

SOL

Cat-themed meme coin Popcat has surged 6813% this year, challenging the dominance of dog-themed tokens like Dogecoin and Shiba Inu. The Solana-based cryptocurrency has a market cap of half a billion dollars. Another feline-themed coin, Mog Coin, has also seen significant gains. Meanwhile, dog-themed tokens have lagged behind.

Portfolio Pulse from Aniket Verma

August 14, 2024 | 3:39 am

GOOG

GOOGL

At Alphabet Inc.'s 'Made by Google' event, the AI assistant Gemini faced glitches during a live demo, but the event also saw the launch of the Pixel 9 series, Pixel Watch 3, and new Pixel Buds. Despite the demo issues, the new product launches are significant for Google's hardware lineup.

Portfolio Pulse from Ananya Gairola

August 14, 2024 | 2:13 am