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The recent tech stock selloff, triggered by disappointing quarterly reports from Tesla and Alphabet, has caused the Nasdaq Composite to drop 3.6%. Investors are rethinking their tech-heavy portfolios, with concerns about stretched valuations and comparisons to the dot-com bubble. Key tech stocks like Nvidia, Microsoft, Amazon, Meta, and Apple have been significantly impacted.

Portfolio Pulse from Benzinga Neuro

July 25, 2024 | 8:14 am

EWG

The Germany Ifo Business Climate Index for July came in at 87.0, below the estimated 88.9 and the prior 88.6. This indicates a decline in business sentiment in Germany.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:06 am

EWG

Germany's current assessment for July came in at 87.1, below the estimated 88.5 and the prior 88.3. This indicates a potential slowdown in the German economy.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:06 am

EWG

Germany's business expectations for July fell to 86.9, below the estimated 89.0 and the revised prior figure of 88.8. This decline indicates a potential slowdown in the German economy.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:05 am

FSBC

Five Star (NASDAQ:FSBC) reported Q2 earnings per share of $0.51, beating the analyst estimate of $0.49. Sales were $30.66 million, also surpassing the $28.67 million estimate. However, EPS decreased by 31.08% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:59 am

LUV

Southwest Airlines (NYSE:LUV) is set to release its Q2 earnings on July 25. Analysts expect earnings of $0.51 per share and revenue of $7.32 billion. Recent analyst ratings include a mix of Buy, Neutral, and Hold, with price targets ranging from $20 to $32. The stock recently fell 2.1% to $26.61.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 7:57 am

ORKT

OrangeKloud Technology has priced its $13.1M Initial Public Offering (IPO) of 2.75M Class A Common Shares at $4.75 per share. The shares will trade on the Nasdaq Capital Market under the ticker symbol 'ORKT' starting July 25, 2024, with the offering expected to close on July 26, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:52 am

SLB

SLB has announced its decision to voluntarily delist from Euronext Paris due to low trading volumes and increased costs. The last trading date on Euronext Paris will be August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:49 am

HLX

Helix Energy Solutions Group (NYSE:HLX) reported strong Q2 earnings, with EPS of $0.21 beating the $0.13 estimate and sales of $364.80M surpassing the $339.20M estimate. This represents a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:45 am

LLY

TSLA

Elon Musk agrees with former Tesla executive Martin Viecha that investors have strong opinions on Tesla, unlike companies like LVMH and Eli Lilly. Tesla's stock dropped 12.3% after announcing lower-than-expected Q2 EPS and shrinking profit margins.

Portfolio Pulse from Anan Ashraf

July 25, 2024 | 7:45 am