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KO

Coca-Cola's CEO has indicated that consumer demand in China remains subdued and the external backdrop is uncertain with signs of pressure in developed markets.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:45 pm

PII

Polaris Inc. (NYSE:PII) shares fell after the company reported disappointing Q2 earnings and cut its guidance. The company missed analyst expectations for both earnings per share and sales, and lowered its full-year outlook due to inventory reduction efforts and ongoing industry challenges.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 12:43 pm

RIVN

TSLA

Rivian CEO RJ Scaringe attributes the slowdown in EV sales to a lack of choices under $50,000, as many automakers replicate Tesla's Model Y design. Rivian plans to introduce a cheaper R2 SUV to compete in this price range by 2026.

Portfolio Pulse from Anan Ashraf

July 23, 2024 | 12:39 pm

AIMD

Ainos, Inc. (NASDAQ:AIMD) has enrolled the first subject for its clinical study of a VELDONA-based drug aimed at treating feline chronic gingivostomatitis (FCGS). The dosing of the first subject is expected on July 26, 2024. The study aims to enroll 30 subjects by the end of 2024, with the trial report expected in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:38 pm

PCAR

PACCAR shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:38 pm

ICU

SeaStar Medical Holding Corporation (NASDAQ:ICU) has treated its first pediatric patient in a commercial setting with its FDA-approved QUELIMMUNE™ therapeutic device for acute kidney injury (AKI). This milestone meets the FDA's deadline for patient treatments by August 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:36 pm

TIRX

TIAN RUIXIANG Holdings Ltd (NASDAQ:TIRX) has regained compliance with Nasdaq's periodic filing requirement after submitting its annual report on Form 20-F for the period ended October 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:35 pm

ITB

PHM

PKB

PulteGroup, Inc. (NYSE:PHM) reported strong Q2 FY24 results with revenue of $4.60 billion, beating expectations. Home sale revenues rose 10% Y/Y, and GAAP EPS of 3.83 surpassed the consensus of 3.26. Despite a decline in net new orders, the dollar value of these orders increased. The company repurchased 2.8 million shares and announced a CFO transition. Investors can gain exposure via IShares U.S. Home Construction ETF (BATS:ITB) and Invesco Building & Construction ETF (NYSE:PKB).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 12:33 pm

GATX

GATX (NYSE:GATX) reported Q2 earnings of $1.43 per share, missing the analyst estimate of $1.77 by 19.21%. However, sales of $386.70M beat the estimate of $385.45M. Earnings decreased by 17.34% YoY, while sales increased by 12.67% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 12:32 pm

GM

General Motors (NYSE: GM) reported strong Q2 2024 earnings, with revenue and EPS beating analyst estimates. Despite challenges in EV adoption and the Chinese market, GM raised its annual outlook. The company is pausing production of its Cruise Origin autonomous vehicle and expects higher commodity costs in the second half of the year.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 12:25 pm