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GLD

GOOG

SPY

TSLA

USO

Global markets slumped following a significant decline in the S&P 500 and Nasdaq, driven by disappointing earnings from Alphabet and Tesla. The S&P 500 experienced its largest daily drop since December 2022, and the Nasdaq since October 2022. Commodities like crude oil and gold also saw declines.

Portfolio Pulse from Akanksha Bakshi

July 25, 2024 | 10:41 am

TSLA

Gary Black, Managing Partner at Future Fund LLC, criticized Tesla's Q2 earnings for lacking analytical rigor and strategic direction. He emphasized the need for clearer strategies on margin stabilization, marketing, and Full Self-Driving features. Despite the criticism, notable investors like Cathie Wood continue to show confidence in Tesla's long-term potential. Tesla's stock has seen a significant decline, closing at $215.99, down 12.33% for the day.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 10:41 am

AMAL

Amalgamated Financial (NASDAQ:AMAL) reported Q2 2024 earnings of $0.85 per share, beating the analyst estimate of $0.79. Sales were $78.450 million, surpassing the $77.358 million estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:40 am

DOV

Dover Corporation has raised its FY24 adjusted EPS outlook from $9.00 - $9.15 to $9.05 - $9.20 and revised its revenue growth forecast from 2% - 4% to 3% - 4%. The company cites positive order trends and healthy end market demand as key factors.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:39 am

BLMZ

EW

F

INDV

PBM

TWOU

Indivior PLC (NASDAQ:INDV) shares surged 14.5% in pre-market trading after reporting better-than-expected Q2 earnings and announcing a $100 million share repurchase program. Other notable pre-market movers include Psyence Biomedical Ltd. (NASDAQ:PBM), BloomZ Inc. (NASDAQ:BLMZ), and 2U, Inc. (NASDAQ:TWOU), among others.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 10:36 am

INDV

Indivior shares are trading higher after the company reported better-than-expected Q2 financial results and announced an accelerated $100 million share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:35 am

VRN

Veren (NYSE:VRN) reported Q2 2024 earnings of C$0.38 per share, beating the analyst estimate of C$0.36. Sales were C$1.136 billion, surpassing the C$1.055 billion estimate. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:35 am

XRX

Xerox Holdings Corp has revised its FY24 revenue guidance, now expecting a decline of 5%-6% in constant currency, compared to the previous estimate of 3%-5%. The company also lowered its adjusted operating margin guidance to at least 6.5% and free cash flow guidance to at least $550 million. These adjustments reflect reductions in non-strategic revenue and higher-than-expected costs.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:34 am

WEX

WEX (NYSE:WEX) reported Q2 2024 adjusted EPS of $3.91, beating the estimate of $3.80, but sales of $673.5M missed the $679.819M estimate. EPS increased by 7.71% YoY, while sales grew by 8.40% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:34 am

MXL

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

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:33 am