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NFLX

Netflix Inc (NASDAQ:NFLX) beat Q2 revenue and earnings estimates, but analysts express concerns over long-term subscriber growth and slower-than-expected advertising revenue. Analysts from Macquarie, Needham, and Rosenblatt provided mixed ratings and price targets, highlighting both positive aspects and potential risks for Netflix's future performance.

Portfolio Pulse from Chris Katje

July 19, 2024 | 5:55 pm

CBSTF

The Cannabist Company Holdings Inc. (CBSTF) has expanded its partnership with Old Pal, launching new cannabis products in New Jersey, Maryland, and Virginia. This expansion is expected to enhance brand recognition and operational efficiencies.

Portfolio Pulse from Jelena Martinovic

July 19, 2024 | 5:51 pm

BTCUSD

USDCUSD

USDTUSD

Crypto expert Scott Melker predicts Bitcoin (BTC) will reach $100,000 by year-end, citing an unprecedented bullish market setup. Factors include traditional finance inflows via ETFs, the launch of Spot Ethereum ETFs, and potential major announcements at the upcoming Bitcoin Conference. Melker also highlights the role of stablecoins like Tether (USDT) and Circle (USDC) in the market's growth.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:51 pm

CTAS

Cintas Corporation (NASDAQ:CTAS) reported better-than-expected quarterly EPS and revenues, leading to mixed analyst reactions. The company posted EPS of $3.99 and revenues of $2.471 billion, both surpassing estimates. Analysts adjusted their price targets, with some downgrading and others maintaining or upgrading their ratings.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:50 pm

ADI

AMAT

AMD

ASML

INTC

KLAC

LRCX

MPWR

MU

NXPI

ON

STM

TSM

TXN

Shares of semiconductor stocks are trading lower as the sector pulls back following this year's strength, which has been driven by AI momentum.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:49 pm

ISRG

Intuitive Surgical Inc. (NASDAQ: ISRG) stock is trading higher after reporting better-than-expected Q2 earnings. Despite facing several headwinds, analysts remain optimistic about the company's future, with multiple firms raising their price targets and maintaining positive ratings. The company's da Vinci 5 system and expanding applications in robotic-assisted surgery are key growth drivers.

Portfolio Pulse from Vandana Singh

July 19, 2024 | 5:49 pm

BX

Blackstone Inc (NYSE:BX) reported strong Q2 FY2024 results, with adjusted revenues of $2.796 billion beating expectations. Despite missing EPS consensus, AUM rose 7% Y/Y. Analysts raised their price targets, and shares gained 2.3% following the news.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:45 pm

BLK

ETHE

ETHUSD

Grayscale Investments has reduced its proposed fee for its spot Ethereum ETF by 40%, aiming to gain a competitive edge over rivals. The fee cut from 0.25% to 0.15% undercuts competitors like Franklin Templeton, VanEck, Bitwise, and 21Shares. Grayscale plans to convert its Ethereum Trust (OTC:ETHE) into an ETF, maintaining a 2.5% fee for this product.

Portfolio Pulse from Khyathi Dalal

July 19, 2024 | 5:45 pm

CRWD

DIA

IWM

QQQ

SPY

Major indexes are lower amid this week's selloff in tech stocks. A global outage caused by a CrowdStrike update may also be pressuring the market.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:40 pm

SPY

Vice President Kamala Harris is scheduled to speak with major Democratic donors, as reported by the New York Times.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:40 pm