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KARS

KGRN

NIO

NIO Inc. (NYSE:NIO) shares are trading slightly higher today as the company expands its battery swap stations in Europe, reaching 50 stations, with a significant presence in Germany and Norway. Despite a challenging regulatory landscape with increased tariffs on Chinese EV imports, NIO maintains its pricing in Europe but may adjust in the future. NIO stock has lost over 55% in the past year. Investors can gain exposure to NIO through KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and KraneShares Electric Vehicles And Future Mobility Index ETF (NYSE:KARS).

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 2:28 pm

CI

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ELV

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UNH

Shares of health insurers are trading higher in sympathy with UnitedHealth, which gained following strong Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:27 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) announced a restructuring project that includes consolidating its cannabis segments into a single unit. The project aims to enhance efficiency, reduce corporate overheads, and save over $20 million annually. The restructuring will require an $11 million investment over 18 months, with savings expected by mid-2025.

Portfolio Pulse from Jelena Martinovic

July 16, 2024 | 2:26 pm

KEAT

SSEZY

TTE

TotalEnergies SE (NYSE:TTE) shares are trading lower today after the company announced its hydrocarbon production levels for Q2 and various projections for its business segments. The company also formed a joint venture with SSE Plc to establish a major EV charging network in the U.K. and Ireland.

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 2:20 pm

BAX

Baxter has issued an urgent medical device recall for its Volar System Single-Patient Use Circuit due to reports of the handset plug disconnecting from the nebulizer port on the blue ventilator adapter, according to the FDA.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:19 pm

CHWY

Chewy shares are trading higher after Wolfe Research initiated coverage on the stock with a Peer Perform rating.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:19 pm

PGR

Progressive shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:13 pm

ELV

Elevance Health shares are trading higher after Truist Securities maintained a Buy rating on the stock and raised its price target from $600 to $620.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 2:12 pm

STT

State Street Corporation (NYSE:STT) reported strong Q2 2024 earnings, with revenues of $3.191 billion, beating estimates. Key drivers included higher Net Interest Income and a rise in management fees. EPS of $2.15 also surpassed expectations. The company saw a 16% increase in AUM and announced a planned 10% dividend increase.

Portfolio Pulse from Akanksha Bakshi

July 16, 2024 | 2:06 pm

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IWM

META

MS

MSFT

NVDA

QQQ

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TSLA

USO

The article discusses a breakout in small caps, driven by the anticipation of rate cuts, with an 85% probability of a rate cut in September. It highlights notable earnings from Morgan Stanley and Bank of America, and positive money flows in major tech stocks and ETFs. The article also touches on Bitcoin's range-bound status and provides investment strategies for different risk preferences.

Portfolio Pulse from The Arora Report

July 16, 2024 | 2:05 pm