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LYFT

UBER

Shares of Uber and Lyft are experiencing volatility following a California Supreme Court ruling that allows them to classify drivers as independent contractors. This decision supports their business model and avoids additional costs.

Portfolio Pulse from Vaishali Prayag

July 25, 2024 | 6:34 pm

IGV

ORCL

TRFK

Oracle Corporation (NYSE:ORCL) shares are trading higher after the company inked deals with Rai Way and Salam to implement AI systems and support digital transformation, respectively. Oracle also unveiled Exadata Exascale, enhancing performance for Oracle Database workloads. ORCL stock has gained around 19% in the last 12 months.

Portfolio Pulse from Lekha Gupta

July 25, 2024 | 6:34 pm

SBUX

Starbucks (NASDAQ:SBUX) has outperformed the market over the past 20 years with an average annual return of 9.79%, resulting in a $1000 investment growing to $6,389.49 today. The key takeaway is the significant impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:31 pm

DPZ

Domino's Pizza (NYSE:DPZ) has significantly outperformed the market over the past 15 years, delivering an average annual return of 30.08%. A $100 investment in DPZ 15 years ago would be worth $5,115.54 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:31 pm

COP

ConocoPhillips (NYSE:COP) has seen a 13.14% increase in its short percent of float, now at 1.55% of all regular shares available for trading. This is lower than the peer group average of 6.44%. It would take traders 4.38 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:30 pm

GOOG

GOOGL

Google shares are trading lower following a report that OpenAI is planning to launch 'SearchGPT,' a new search engine product.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:30 pm

CWST

Casella Waste Systems (NYSE:CWST) has seen a 4.77% increase in its short percent of float, now at 4.17% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 8.03 days to cover their short positions. The company's short interest is higher than its peer group average of 3.19%.

Portfolio Pulse from Benzinga Insights

July 25, 2024 | 6:30 pm

BIP

TRTN

Container shipping rates have risen significantly as shippers prepare for the peak holiday season. The cost of leasing a 40-foot container from China to the U.S. West Coast has increased notably from June to July. This surge is driven by large retailers managing inventories preemptively, raising concerns about the strength of underlying demand. Triton International Ltd. and Brookfield Infrastructure Partners are directly impacted by these changes.

Portfolio Pulse from Michael Juliano

July 25, 2024 | 6:25 pm

GSHD

MOH

MXL

NOC

TWOU

VKTX

Gold prices fell by 2.5%, while Northrop Grumman posted strong earnings and raised its guidance. U.S. stocks traded higher, with the Dow Jones gaining over 350 points. Notable stock movements included significant gains for Goosehead Insurance, Molina Healthcare, and Viking Therapeutics, while 2U, Edwards Lifesciences, and MaxLinear saw substantial declines.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 6:23 pm

MRVL

Marvell Technology, Inc. (NASDAQ:MRVL) shares are trading higher after announcing the Teralynx 10 Ethernet switch device is in volume production. The switch is noted for its low power, low latency, and high bandwidth, making it suitable for AI deployments. Marvell shares had previously fallen due to a broader market decline but are now trading above their 50-day moving average. Analysts have a bullish outlook on the stock with an average 1-year price target of $88.80.

Portfolio Pulse from Erica Kollmann

July 25, 2024 | 6:22 pm