Streetbeat News

Equity Actions

LAB

KeyBanc Capital Markets initiated coverage on Standard BioTools Inc (NASDAQ:LAB) with an Overweight rating and a price target of $4. The analyst cites the company's unique position in the Life Science Technology industry and spatial biology research. The company's focus on cost reductions and growth, along with a 46% reduction in operating loss and 12% proteomic growth, are highlighted. The company underwent a strategic capital infusion and management change last year.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 5:58 pm

SPY

TUR

President Biden has expressed confidence that the U.S. will be able to sell F16s to Turkey. This could potentially impact the stocks of General Dynamics (GD), SPDR S&P 500 ETF (SPY), and iShares MSCI Turkey ETF (TUR).

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:56 pm

FCEL

FuelCell Energy Inc (FCEL) shares are trading higher by 3.83% amid overall market strength following a lighter-than-expected June inflation report. Lower inflation can support the adoption of renewable energy solutions, making them more affordable and competitive. The positive market environment and the company's focus on sustainable energy solutions can drive investor interest and contribute to the appreciation of its stock price.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:50 pm

AMZN

MSFT

TSLA

U.S. Senator Bernie Sanders, known for his criticism of the ultra-wealthy and large corporations, owns stakes in several mutual funds that hold positions in companies he has criticized, including Tesla, Amazon, and Microsoft. Sanders has been advocating for a ban on lawmakers buying and selling stocks and options. He has also proposed legislation that would impose additional taxes on stock trading.

Portfolio Pulse from Chris Katje

July 12, 2023 | 5:49 pm

AXL

CVNA

DUOL

LEN

MAR

MGM

MLCO

NKE

TSLA

XPOF

The article reports on the unusual options activity in the Consumer Discretionary sector. It mentions 10 US-listed companies: Tesla (TSLA), Carvana (CVNA), Melco Resorts & Entertainment (MLCO), Marriott International (MAR), Xponential Fitness (XPOF), Nike (NKE), American Axle & Manufacturing (AXL), MGM Resorts International (MGM), Duolingo (DUOL), and Lennar Corporation (LEN). The article provides details on the type of options activity (call or put), sentiment (bullish, bearish, or neutral), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm

EHang, a Chinese autonomous aerial vehicle (AAV) technology platform company, has launched a $23 million private placement, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:32 pm

EHang Holdings Ltd (NASDAQ:EH) announced a $23 million private placement with strategic investors led by K-Pop producer Lee Soo Man. The funds will be used for technology advancement, business development, and post-certification commercial operations. EHang shares are trading higher, up 21% at $18.70 Wednesday afternoon.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 5:31 pm

QQQ

Invesco QQQ Trust Series 1 (NASDAQ:QQQ) shares are trading higher by 1.16% to $372.44 after June CPI data showed softer-than-expected inflation. Lower inflation is generally favorable for growth stocks, which make up a significant portion of QQQ's holdings. The ETF hit a new 52-week high, with milder inflation potentially driving up the ETF's stock price.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:30 pm

MRO

Goldman Sachs analyst Neil Mehta has upgraded Marathon Oil Corp (NYSE:MRO) from Sell to Neutral with a $25 price target. The upgrade is based on the potential for strong free cash flow growth and returns to shareholders. MRO is expected to generate strong free cash flow over the next 3-4 years, supported by stable production profile, and uplift from Equatorial Guinea driven by exposure to international gas pricing. MRO shares traded higher by 1.73% at $24.75 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 5:29 pm

SONY

Goldman Sachs analyst Minami Munakata has upgraded Sony Group (NYSE:SONY) from Neutral to Buy, and added it to the conviction buy list.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:22 pm