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IAK

KBWP

TRV

Travelers Companies (NYSE:TRV) reported strong Q2 earnings with core income per share of $2.51, beating the $1.98 consensus forecast. Revenue grew 12% Y/Y to $11.283 billion, missing the $11.341 billion consensus. The company saw significant growth in net written premiums across its Business, Bond & Specialty, and Personal Insurance segments. Despite higher catastrophe losses, improved underwriting gains and higher net investment income contributed to the positive results. TRV shares are trading higher, and the stock has gained around 29% in the last 12 months. Investors can also gain exposure via Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and IShares U.S. Insurance ETF (NYSE:IAK).

Portfolio Pulse from Lekha Gupta

July 19, 2024 | 1:34 pm

MCBS

MetroCity Bankshares (NASDAQ:MCBS) reported Q2 earnings per share (EPS) of $0.66, surpassing the analyst consensus estimate of $0.59 by 11.86%. This marks a 29.41% increase from the $0.51 EPS reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:32 pm

NFE

New Fortress Energy Inc. (NASDAQ:NFE) has achieved First LNG for its Fast LNG asset located offshore Altamira, Mexico. This milestone marks the fastest large-scale LNG project ever developed, with a production capacity of 1.4 MTPA. The project will supply low-cost, clean LNG to NFE's downstream terminal customers.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:31 pm

HYZN

Hyzon Motors Inc. (NASDAQ:HYZN) announced a $4.5M registered direct offering of 22.5M shares of its Class A Common Stock and warrants to purchase 22.5M shares at $0.20 per share. The offering is expected to close around July 22, 2024, with proceeds used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:30 pm

PATH

UiPath's (NYSE:PATH) short interest has risen by 16.93%, with 40.11 million shares sold short, representing 8.98% of its float. This is higher than the peer group average of 5.10%. Increased short interest can indicate bearish sentiment but can also be bullish if short sellers are forced to cover their positions.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 1:30 pm

LOW

Lowe's Companies has filed for a mixed shelf offering with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

DRD

GFI

GOLD

HMY

Shares of gold companies are trading lower due to a pullback following recent strength as Treasury yields rise.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

BMI

Badger Meter shares are trading lower following Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:23 pm

IYE

XLE

XOM

Exxon Mobil Corp. (NYSE:XOM) shares are trading lower in premarket after finalizing a deal to sell its Malaysian oil and gas assets to Petronas. This move is part of Exxon's strategic shift towards focusing on more lucrative operations in the Americas. Despite the sale, Exxon remains a major energy producer in Malaysia. The company will report its second-quarter FY24 results on Aug. 2, 2024. Investors can gain exposure to Exxon via Energy Select Sector SPDR Fund (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 1:23 pm

AAPL

AI

AMZN

CRWD

DJT

LOT

MSFT

NVDA

TSLA

WAY

The top 10 trending stocks on WallStreetBets as of July 19, 2024, include CRWD, NVDA, TSLA, AMZN, MSFT, WAY, AI, AAPL, LOT, and DJT, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:22 pm