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Shares of metals companies are trading higher after Chinese leaders indicated support for stimulus measures. The stimulus measures in China could increase demand for metals and materials.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:14 pm

CRM

Jeff Ragovin, former CCO of Fyllo, a cannabis compliance technology platform, has been promoted to president. Ragovin co-founded Buddy Media, which was acquired by Salesforce Inc (NYSE:CRM) for $745 million in 2012. In his new role, he will lead the development and implementation of data and media solutions for traditional brands and regulated industries, and expand Fyllo's solution for optimal advertising performance in a privacy-compliant environment.

Portfolio Pulse from Jelena Martinovic

July 25, 2023 | 4:03 pm

ALK

Alaska Air Group, Inc (NYSE:ALK) shares are down after the company's Q3 outlook anticipates 0%-3% topline growth. Despite beating Q2 consensus with a 7% YoY operating revenue growth and an adjusted EPS of $3.00, the company's shares are trading lower by 12%. The company also reported an increase in operating expenses and a contraction in load factor. ALK repurchased shares worth $39 million in Q2 and expects to repurchase at least $100 million in FY23.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 3:43 pm

ABNB

A significant bearish stance on Airbnb (NASDAQ:ABNB) has been observed in the options market. The sentiment among big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $135.0 to $157.5 for Airbnb over the last 3 months. The price of ABNB is up 1.24% at $149.44. Various experts have maintained their ratings on Airbnb with price targets ranging from $100 to $168.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:31 pm

AAPL

DIA

GM

The Dow Jones Industrial Average has seen a significant rise in July, largely due to a rush to buy lagging stocks. This trend is not typically sustainable. The 'magnificent seven' stocks, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, are showing strength. General Motors and General Electric have raised their profit targets and Q2 earnings have beaten consensus. Sherwin-Williams reported strong earnings due to high demand for paint. Chinese market rally and potential stimulus are positively impacting the U.S. market. Investors are awaiting earnings from Microsoft and Alphabet.

Portfolio Pulse from The Arora Report

July 25, 2023 | 3:11 pm

DHI

A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) by a large investor, as indicated by a large position in the company's publicly available options history. The sentiment among these big-money traders is split, with 38% bullish and 61% bearish. Whales have been targeting a price range from $123.0 to $135.0 for D.R. Horton over the last 3 months. Several financial institutions have maintained their positive ratings on D.R. Horton, with price targets ranging from $140 to $164.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:03 pm

ABVC

ABVC Biopharma Inc announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's listing rules. The split aims to decrease outstanding shares, increase the market price and attract a broader investor base. The company's shares are trading higher by 3.21% to $4.03 after the announcement.

Portfolio Pulse from Henry Khederian

July 25, 2023 | 2:50 pm

ELWS

Earlyworks ADS started trading at $3.70, significantly below its IPO price of $5 per ADS.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:49 pm

NXPI

NXP Semiconductors N.V. (NASDAQ:NXPI) shares are trading higher after the company reported better-than-expected Q2 financial results. The company's Q2 revenue of $3.3 billion and Q3 EPS of $3.43 both beat estimates. NXP also repurchased $302 million worth of its common stock during the quarter. The company expects Q3 revenue to be between $3.3 billion and $3.5 billion, and earnings to be between $3.39 and $3.82 per share.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 2:48 pm

KVACU

Keen Vision Acquisition Corp's units have opened for trade, with the initial public offering (IPO) priced at $10 per unit.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:46 pm