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ASML Reports Q2 Results, Joins Spirit Airlines And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Nasdaq futures falling around 300 points on Wednesday. Shares of ASML Holding N.V. (NASDAQ:ASML) fell in today's pre-market trading following the release of second-quarter results. The Dutch company reported a second-quarter net income of 1.6 billion euros ($1.75 billion) on revenues of 6.2 billion euros ($6.77 billion), surpassing analysts' expectations of 1.41 billion euros on revenue of 6.04 billion euros, Reuters reported on Wednesday. The new bookings for the quarter stood at 5.6 billion euros ($6.11 billion), a significant increase from the 3.6 billion euros in the first quarter of 2024. ASML shares dipped...
Elon Musk Highlights Top Silicon Valley Investors Marc Andreessen, Ben Horowitz Discussing Their Support For Trump: 'We Literally Believe The Future Of Our Business...Is At Stake' (UPDATED)
Editor’s Note: This story has been updated to clarify that Marc Andreessen and Ben Horowitz are the co-founders of Andreessen Horowitz, which is also known as a16z. Elon Musk, the CEO of Tesla Inc., drew attention to the support of two prominent Silicon Valley investors for former President Donald Trump, citing their reasons for the endorsement. What Happened: Musk shared a podcast episode of “The Ben & Marc Show,” co-hosted by venture firm Andreessen Horowitz‘s co-founders Marc Andreessen and Ben Horowitz, where the duo explained their backing of Trump. Andreessen said he has historically been a Democrat, having supported and voted for prominent...
What's Going On With Chinese EV Maker Li Auto Shares Today?
Li Auto Inc. (NASDAQ:LI) shares are trading marginally lower on Wednesday in the premarket session. Chinese stocks may be under pressure after the country’s softer-than-expected second-quarter GDP growth. According to official data released on Monday, the economy expanded by 4.7%. This growth rate, lower than the 5.1% predicted by analysts, reflects the slowest pace since the first quarter of 2023. Meanwhile, Li Auto has reportedly established a specialized team focused on investing in comprehensive AI (artificial intelligence) technology, following in the footsteps of NIO Inc. (NYSE:NIO). Li Auto has recently formed a team dedicated to end-to-end large-model autonomous driving, comprising slightly more than 200...
Johnson & Johnson's Q2 Earnings: Revenue And Profit Beat On Strong Pharma Sales, Annual Profit Outlook Lowered On M&A Costs
On Wednesday, Johnson & Johnson (NYSE:JNJ) reported a second-quarter adjusted EPS of $2.82, up 10.2% year-over-year, beating the consensus of $2.70. The pharma giant reported sales of $22.45 billion, up 4.3% year-over-year, beating the consensus of $22.31 billion. Operational growth was 6.6%, and adjusted operational growth was 6.5%. The adjusted operational growth excluding COVID-19 Vaccine was 7.1%. Also Read: Johnson & Johnson Faces MedTech Challenges But Is ‘On Track’ To Meet 2024 Guidance: Goldman Sachs. Innovative Medicine sales increased to $14.49 billion, up 5.5% (+8% adjusted operational). Growth was driven by Darzalex (daratumumab), Erleada (apalutamide), Tremfya (guselkumab), Stelara (ustekinumab), and Spravato (esketamine). Stelara sales rose 3.1% to $2.89 billion....
Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks With Over 3% Dividend Yields
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector. Xerox Holdings Corporation (NASDAQ:XRX) Dividend Yield: 8.41% Citigroup analyst Asiya Merchant initiated coverage on...
How To Earn $500 A Month From Domino's Stock Ahead Of Q2 Earnings Report
Domino’s Pizza, Inc. (NYSE:DPZ) will release its financial results for the second quarter, before the opening bell on Thursday. Analysts expect the Ann Arbor, Michigan-based company to report quarterly earnings at $3.65 per share, up from $3.08 per share in the year-ago period. Domino’s is expected to post revenue of $1.1 billion, compared to $1.07 billion a year earlier, according to data from Benzinga Pro. On Monday, Wedbush analyst Nick Setyan reiterated Domino’s Pizza with an Outperform rating and maintained a $575 price target. With the recent buzz around Domino’s, some investors may be eyeing potential gains from the company's dividends. As of...
Tesla Introduces New Accessories For Cybertruck: $300 Tailgate Shield And $100 Jumpseats
EV giant Tesla Inc (NASDAQ:TSLA) has launched new products for its stainless steel Cybertruck at its online shop, including a $100 jumpseat. What Happened: Tesla has added two products to its shop for the Cybertruck- a $300 tailgate shield and $100 jumpseats. While the tailgate shield features a custom-designed pad that covers the tailgate when hauling equipment over it, it also has straps to attach bikes or goods to the molle webbing on the interior side. The jumpseats, priced at $100, meanwhile, are wrapped in Cordura nylon fabric and feature a thermoformed backrest. One can fit up to three jumpseats along...
Why Key Apple, Nvidia Supplier TSMC's Shares Are Plunging In Wednesday's Premarket
Shares of foundry Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell sharply in premarket trading on Wednesday, with the weakness likely due to Republican nominee Donald Trump’s comments regarding the China-Taiwan standoff in an interview with Bloomberg. Trump said Taiwan took about “100% of our chip business,” referring to the outsourcing of manufacturing by U.S. tech companies to Taiwan-based suppliers. They took almost 100% of our chip industry, I give them credit. That's because stupid people were running the country,” he said. “Now we're giving them billions of dollars to build new chips in our country, and then they're going to take...
Top 3 Financials Stocks That Could Blast Off In Q3
The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Charles Schwab...
Over $15M Bet On This Health Care Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying
The Dow Jones index closed higher by more than 700 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Alpha Teknova The Trade: Alpha Teknova, Inc. (NASDAQ:TKNO) 10% owner Telegraph Hill Partners Management Company, LLC bought a total of 12,096,773 shares at an average price of $1.24. To acquire these shares, it...
BlackBerry Launches AI-Powered CylanceMDR Pro Cybersecurity For Businesses: Details
BlackBerry Limited (NYSE:BB) shares are trading marginally lower in the premarket session on Wednesday. Benzinga Pro says BB stock has slumped over 47% in the past year. Today, the company announced the launch of CylanceMDR Pro, a cutting-edge managed detection and response (MDR) service built on an Open XDR platform. CylanceMDR Pro is built to help security teams deal with modern cybersecurity challenges. “CylanceMDR Pro is a game-changer for organizations seeking confidence in their cybersecurity posture,” said Nathan Jenniges, Senior Vice President and General Manager of BlackBerry Cybersecurity. Also Read: FuboTV To Bear The Brunt Of Higher Legal Costs Against ESPN – Analyst’s View BlackBerry said in...
EXCLUSIVE: La Rosa Reports 15% Growth in Q2 Transaction Volume
La Rosa Holdings Corp. (NASDAQ:LRHC), a player in the real estate sector, announced a 15% rise in transaction volume for the second quarter of 2024 compared to the first quarter. The total transaction value was a substantial 21% increase, nearly hitting $110 million. Joe La Rosa, CEO of the Company, expressed his excitement over the growth figures, attributing it to strategic initiatives and the hard work of their team. Last month, the company welcomed a significant number of new agents, which contributed to the increased transaction volume. “In our view, our model revolutionizes existing revenue share structures in the real estate industry by enabling...
Honda Motor Prices Secondary Shares At Discount In $3.16B Sale
Honda Motor Co (NYSE:HMC) has announced the selling price for the secondary offering of its common stock, which was approved at the Executive Council meeting held on July 4, 2024. The shares for secondary sale are priced at 1,664.5 yen each, representing a 3% discount to Wednesday’s closing price. The total value of the deal is estimated at 497 billion yen ($3.16 billion), the automaker disclosed. Insurers and financial firms aim to sell as many as 300 million Honda shares, Reuters repored. The amount includes an overallotment option depending on demand, the report added. Those selling shares include insurers and financial firms such as...
Nasdaq, S&P 500 Futures Plunge After Trump's Comments And ASML's Weak Forecast Deepens Tech Sell-Off: AI Narrative May Be Priced In, Says Analyst
Sentiment will likely reverse course, with the index futures trading notably lower early Wednesday. The recent run-up ideally should render the mood cautious, and the caution may intensify as the first AI-levered chip company from across the Atlantic reported second-quarter results that were not viewed positively by the Street. Republican presidential nominee Donald Trump added to the worries concerning the tech space after he said in a Bloomberg interview that Taiwan should foot its own defense bill as it strives to keep China at bay. Taiwan houses most chip suppliers to the tech industry. Bond yields edged up ahead of...
Sam Altman's AI-Themed 'Ethereum Killer' Worldcoin Surges 40%: What's Going On?
Worldcoin (CRYPTO: WLD) has experienced a substantial 40% price increase following an announcement by Tools for Humanity (TFH) regarding an extension of token lockup periods for early contributors. What Happened: This news has sparked renewed interest in Worldcoin, which aims to create a global identity and financial network. According to a recent blog post by the Worldcoin Foundation, TFH has informed them that the unlock schedule for 80% of the WLD tokens held by TFH’s team members and investors will be extended from 3 to 5 years. This decision aligns with the long-term vision of the Worldcoin project and has been well-received...
Roche Highlights Encouraging Data From Newly-Acquired Second Weight Loss Drug Candidate In Early-Stage Study
Wednesday, Roche Holdings AG (OTC:RHHBY) announced topline results from two arms of an ongoing multi-part Phase 1 clinical trial for CT-996 for type 2 diabetes and obesity. CT-996 is an investigational, once-daily oral small molecule GLP-1 receptor agonist being developed for type 2 diabetes and obesity. Also Read: Roche’s New Immunotherapy Fails To Show Benefit Over Merck’s Blockbuster Keytruda In Lung Cancer Patients. The data showed that treatment with CT-996 in participants with obesity and without type 2 diabetes resulted in a clinically meaningful placebo-adjusted mean weight loss of -6.1% within four weeks. Roche added CT-996 when it acquired Carmot Therapeutics for $2.7 billion...
Bitcoin Tags $66K, ETFs Slurp Another $423M In Inflows: How High Can BTC Go?
In early Asian trading hours, Bitcoin (CRYPTO: BTC) briefly surged above $66,000, reaching a high not seen in recent weeks before settling at $64,980, a 3.7% increase. What Happened: Ethereum (CRYPTO: ETH) followed suit, trading up 3.2% at $3,470. The recent price action underscores a renewed bullish sentiment in the cryptocurrency market. Bitcoin’s recent trajectory has been notably volatile. The digital asset plummeted to $53,500 in early July as wallets from the now-defunct exchange Mt. Gox began their long-awaited Bitcoin repayments. This movement initially triggered bearish forecasts, shaking market confidence. However, recent favorable developments have reignited bullish momentum. One such development involves wallets linked to the...
Jerome Powell's Top Advisor Hints At Fed's Potential Rate Cut Plans: 'All Moving In The Right Direction'
New York Federal Reserve President John Williams hinted at a potential interest rate cut in the coming months, suggesting that the Fed might be closer to this decision than previously thought. What Happened: Williams, who is also the vice-chair of the Fed’s rate-setting committee, indicated that a rate cut could be on the cards if the recent slowdown in inflation persists, reported The Wall Street Journal on Wednesday. He noted that the current inflation data, combined with signs of a gradual cooling in U.S. labor-market conditions, are “getting us closer to a disinflationary trend that we're looking for.” However, he emphasized the need...
Gold Hits All Time High While Dollar Weakens; Asia And Europe Markets Retreat - Global Markets Today While US Slept
On Tuesday, July 16th, U.S. stock markets closed higher, with the Dow Jones Industrial Average hitting a record high after U.S. retail sales data suggested the Federal Reserve is nearing the end of its easing cycle, controlling inflation without causing a recession. In economic data, U.S. retail sales remained flat in June compared to a revised 0.3% increase in the previous month. Import prices were unchanged from the prior month, while export prices in the U.S. fell by 0.5% in June. Among the 11 major sectors in the S&P 500, industrials saw the highest percentage gains, while technology and communication services were...
EXCLUSIVE: Guardforce AI Secures New Contracts with Top Retail Brands, Boosts Operations
Guardforce AI Co (NASDAQ:GFAI) (NASDAQ:GFAIW) today announced that its wholly owned subsidiary in Mainland China, Beijing Wanjia Security System Limited (“Beijing Wanjia”), has significantly expanded its contracts with two renowned retail clients, each of whom has worked with Beijing Wanjia for over ten years. Guardforce AI also announced that it now serves nearly 20,000 retail stores in the Asia Pacific region. Both contracts will expand Beijing Wanjia’s business footprint across the retail landscape. Also Read: Guardforce AI Bags Contract From Japanese Retailer For Cash Management Solutions The first client, a flagship health and beauty brand, has added security alarm system services for all...
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