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GOOG

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MSFT

The tech industry is witnessing intensified rivalries among tech giants, particularly with the advent of generative artificial intelligence (AI). The competition extends to search engines, operating systems, and cloud computing. Microsoft's Bing is leveraging AI to challenge Google's dominance in the search engine market. Meta is preparing to launch a Twitter competitor, and Google has filed a complaint against Microsoft for alleged unfair practices in the cloud-computing market. AI is expected to disrupt these sectors further, with companies like Microsoft and Google rushing to release generative AI products.

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 11:20 am

MCW

Guggenheim analyst John Heinbockel has initiated coverage on Mister Car Wash (NYSE:MCW) with a Buy rating and a price target of $11.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:49 am

TEAM

Berenberg analyst Andrew DeGasperi has initiated coverage on Atlassian (NASDAQ:TEAM) with a Hold rating and a price target of $150.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:47 am

LNN

Lindsay Corporation (NYSE:LNN) reported Q3 earnings of $1.53 per share, missing the analyst consensus estimate of $2.15 by 28.84%. This is a 32.89% decrease from the same period last year. The company also reported quarterly sales of $164.55 million, missing the analyst consensus estimate of $208.40 million by 21.04%. This is a 23.20% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:47 am

TJX

Piper Sandler analyst Edward Yruma has initiated coverage on TJX Companies with an Overweight rating and a price target of $110.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:46 am

ROST

Piper Sandler analyst Edward Yruma has initiated coverage on Ross Stores (NASDAQ:ROST) with a Neutral rating and a price target of $112.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:45 am

CVCY

Piper Sandler analyst Andrew Liesch has assumed Central Valley Community (NASDAQ:CVCY) with an Overweight rating and set a price target of $19.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:44 am

ASH

Evercore ISI Group analyst Stephen Richardson has downgraded Ashland (NYSE:ASH) from Outperform to In-Line.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:43 am

RH

Loop Capital analyst Anthony Chukumba has downgraded RH (NYSE:RH) from Buy to Hold and set a price target of $300.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:42 am

WISH

Loop Capital analyst Laura Champine has downgraded ContextLogic (NASDAQ:WISH) from Hold to Sell and set a price target of $7.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 10:41 am