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SPY

The USA Leading Index for June has reported a month-on-month decrease of 0.7%, which is worse than the estimated decrease of 0.6% and the prior decrease of 0.6%.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 2:00 pm

SPY

USA existing home sales for June were reported at 4.16 million, slightly below the estimated 4.20 million and lower than the prior figure of 4.30 million.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 2:00 pm

AAPL

SSNLF

XIACY

India's smartphone market shows signs of stabilization with a marginal 1% decline in Q2, compared to a 20% drop in Q1. Samsung leads the market, followed by Vivo and Xiaomi. Apple expands its presence in India by opening two retail stores in Delhi and Mumbai. The Indian market prefers offline sales, influencing the retail strategies of companies.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 1:58 pm

BTCUSD

ETHUSD

RPLUSD

XLMUSD

Bitcoin and Ethereum traded higher, surpassing the $30,000 and $1,900 marks respectively. Stellar was the top gainer over the past 24 hours, while Rocket Pool was the biggest loser. The global crypto market cap rose to $1.22 trillion, recording a 24-hour gain of 1.2%.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 1:30 pm

UNIUSD

Crypto traders are increasingly using Telegram-based trading bots like Unibot, which has facilitated $54 million in trades since its debut in May. Unibot's tokens have seen a 54% increase over the past week, and the platform has returned nearly $1 million in revenue to its users. Other emerging tokens such as Wagiebot, 0xSniper, Bridge, and Bolt have surged by up to 500% in the last 24 hours.

Portfolio Pulse from Murtuza Merchant

July 20, 2023 | 1:28 pm

XOM

Exxon Mobil Corp. is planning to build a large lithium processing facility in South Arkansas, which could create thousands of jobs in the region. The move is part of Exxon's strategy to diversify its energy portfolio.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:27 pm

TURN

180 Degree Capital Corp. (NASDAQ:TURN) reported a preliminary net asset value per share of $6.22, a -1.6% YTD, and liquid public securities and cash of 87% of net assets as of June 30, 2023. The company's underperformance in Q2 2023 was due to declines in value of certain holdings, including Intevac, Inc. (IVAC) and Comscore, Inc. (SCOR). However, strength in holdings of Commercial Vehicle Group, Inc. (CVGI) and Potbelly Corporation (PBPB), and renewed interest in D-Wave Quantum, Inc. (QBTS) were not enough to offset the declines. The company believes that its stock does not reflect the appropriate value of the company and its holdings.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:16 pm

BX

Blackstone Inc (NYSE:BX) reported a 43% Y/Y drop in Q2 revenues to $2.35 billion, missing the consensus of $2.41 billion. Distributable earnings fell 43% Y/Y to $1.35 billion, largely due to a 64% decline in DE from the real estate business. However, the company hit a milestone of $1 trillion in assets under management, a 6% Y/Y increase. Blackstone also declared a quarterly dividend per share of $0.79 and repurchased $1.2 billion worth of stock.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 1:01 pm

BA

RYAAY

Ryanair has announced plans to base up to 30 new Boeing 737 Max aircraft, worth over $3 billion, at three main Ukraine airports. This move is expected to boost Ryanair's capacity and operations in the region.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 1:00 pm

FERG

Ferguson Inc.'s shares have risen by 16.80% over the past three months. The company's total debt stands at $3.89 billion, with $3.84 billion in long-term debt and $55 million in current debt. After adjusting for $625 million in cash-equivalents, the net debt is $3.27 billion. The company's debt-ratio is 0.25, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 1:00 pm