Benzinga Bulls And Bears: AMC, Apple, Philip Morris, Ford, And Elon Musk's 'Demon Mode'
Portfolio Pulse from Michael Cohen
The S&P 500 and the Dow Jones Industrial Average ended the week positively, while the Nasdaq fell. AMC Entertainment Holdings Inc. (AMC) shares surged after a court blocked the company's move to convert its APE preferred units into common stock. Philip Morris International Inc. (PM) is set to acquire Israeli med-tech company Syqe Medical for $650 million. Despite weak demand and potential delays for the iPhone 15A, a BofA Securities analyst maintains a neutral rating on Apple Inc. (AAPL), raising the price target from $190 to $210. Shares of AT&T Inc. (T), Verizon Communication Inc. (VZ), Telephone and Data Systems, Inc. (TDS), and Frontier Communication Parent, Inc. (FYBR) plummeted following a Wall Street Journal investigation. Jim Cramer of CNBC's Mad Money has turned skeptical about Ford Motor Co. (F) after its 17% price cut for the F-150 Lightning electric pickup.
July 22, 2023 | 1:32 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Despite weak demand and potential delays for the iPhone 15A, a BofA Securities analyst maintains a neutral rating on Apple Inc., raising the price target from $190 to $210.
The raised price target by a BofA Securities analyst, despite potential iPhone delays, indicates confidence in Apple's long-term prospects, which is positive for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AMC shares surged after a court blocked the company's move to convert its APE preferred units into common stock.
The court's decision to block AMC's move to convert its APE preferred units into common stock prevents dilution of retail investors' stakes, which is positive for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Philip Morris International Inc. is set to acquire Israeli med-tech company Syqe Medical for $650 million.
The acquisition of Syqe Medical, a med-tech company, by Philip Morris could potentially expand its product portfolio and revenue streams, which is positive for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer of CNBC's Mad Money has turned skeptical about Ford Motor Co. after its 17% price cut for the F-150 Lightning electric pickup.
Jim Cramer's skepticism following Ford's price cut for the F-150 Lightning could influence investor sentiment, which is negative for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Shares of AT&T Inc. plummeted following a Wall Street Journal investigation into the neglect of a network of harmful lead-coated cables.
The negative news from the Wall Street Journal investigation could potentially harm AT&T's reputation and customer trust, which is negative for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100