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Equity Actions

PLUG

Evercore has reportedly issued a note stating that Plug Power has secured an order marking the largest announced project in the oil and gas sector in Europe. Evercore maintains an 'Outperform' rating on Plug Power and a price target of $37.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:43 pm

Mastercard's stock price has reached a new high, breaking through the $400 mark. The stock has seen a consistently bullish trajectory since its public trading debut in 2006, climbing over 9000%. Despite a period of consolidation and loss of momentum in 2022, a recent surge has led to a significant recovery. However, the stock has yet to close above its previous all-time high and there is a potential risk of a false breakout.

Portfolio Pulse from Zaheer Anwari

July 13, 2023 | 2:35 pm

AAL

JZXN

Jiuzi Holdings, Inc. (NASDAQ:JZXN) shares surged after an 18-to-1 reverse share split reduced the float to 1.922 million shares. The stock is trading on high volume, with over 25 million shares traded, far exceeding the 100-day average of 127.2 thousand shares. The company has become a top trending ticker on Yahoo! Finance.

Portfolio Pulse from Erica Kollmann

July 13, 2023 | 2:25 pm

NVDA

NVIDIA Corp (NASDAQ:NVDA) shares are trading higher by 2.28% to $449.03 on continued momentum following a report suggesting the company is in talks to be an anchor investor in the upcoming Arm IPO. The stock is also benefiting from a lighter-than-expected June inflation report and increased investor attention towards AI-related stocks. Lower inflation could reduce input costs for NVDA and increase consumer purchasing power, potentially leading to higher demand and sales for the company.

Portfolio Pulse from Henry Khederian

July 13, 2023 | 2:22 pm

BYDDY

NIO

TSLA

XPEV

Nio's CEO, William Li, has questioned the barriers faced by Chinese companies in the US market, despite Tesla's CEO Elon Musk receiving favorable treatment in China. Nio, along with other Chinese electric vehicle startups like BYD and XPeng, are expanding globally. Nio's shares were down 0.54% to $11.10.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 2:17 pm

CVNA

Zacks Tech Innovators has reportedly purchased stock in Carvana Co. (CVNA).

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:13 pm

ADBE

AMZN

GOOG

HYMTF

MDT

META

PEP

SONY

TSLA

VSAT

XOM

Several companies have made significant announcements. Meta Platforms is preparing to launch a commercial version of its AI model, competing with Microsoft and Alphabet. Viasat shares dropped after an unexpected event during satellite deployment. The UK's CMA is investigating Adobe's $20B acquisition of Figma. PepsiCo reported better than expected Q2 earnings. Exxon Mobil is acquiring Denbury for $4.9B. Hyundai's Kia is investing $200M in a Georgia facility. Medtronic is facing a whistleblower lawsuit alleging a bribery scheme. The FDA is reviewing an energy drink founded by YouTube stars. Google is launching its AI chatbot, Bard, in Europe and Brazil. The NLRB filed a complaint against Amazon. Tesla plans to sell a $1,670 electric quad bike for children in China. JD.com is developing AI applications. Carlyle Group and Trustar Capital plan to exit part of their stakes in McDonald's China. Sony is ramping up R&D spending in its game business.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 2:10 pm

ONON

Investor Business Daily SwingTrader has reportedly purchased stock in On Holding.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:06 pm

PGC

Peapack-Gladstone Financial Corporation (PGC) has announced plans to expand into New York City. The company has officially filed an application to open a location in Manhattan and is actively recruiting from the Tri-State area.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 2:05 pm

SPOT

Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on Spotify Technology (NYSE:SPOT) and raises the price target from $170 to $185.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 2:02 pm