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Big Tech stocks are expected to rebound this week as major companies like Microsoft, Amazon, Meta, and Apple report their earnings. Analysts believe that investments in AI will drive significant growth in the sector, despite last week's sell-off triggered by Alphabet and Tesla's earnings. The AI revolution is anticipated to fuel a multiyear bull run in tech stocks.

Portfolio Pulse from Michael Juliano

July 29, 2024 | 7:03 pm

XOM

Recent options trading trends for Exxon Mobil (NYSE:XOM) show a bearish stance among large investors, with 55% of trades being bearish. The trades indicate a targeted price range of $95.0 to $130.0. The stock is currently trading at $116.19, down by 0.97%, with an upcoming earnings report in 4 days.

Portfolio Pulse from Benzinga Insights

July 29, 2024 | 7:01 pm

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MARA

MSTR

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Shares of crypto-linked stocks are trading lower after initially rising on comments from Trump supporting a strategic national crypto stockpile.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:54 pm

CGTX

LIPO

NLSP

VERO

VTVT

VTYX

U.S. stocks were mostly higher towards the end of trading on Monday, with the Dow Jones slightly down by 0.04%. Notable stock movements included Lipella Pharmaceuticals, NLS Pharmaceutics, and Venus Concept, which saw significant gains, while vTv Therapeutics, Cognition Therapeutics, and Ventyx Biosciences experienced substantial declines.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 6:31 pm

ETHUSD

Prominent analysts predict a significant move for Ethereum (ETH) after Bitcoin's rally concludes. Ethereum is currently consolidating around $3,100, with potential to break above $3,500 and rally to $3,800-$4,000. Despite recent outflows, Ethereum ETFs saw $1.18 billion in inflows during their first week. Increased daily active addresses and a high percentage of profitable holders indicate strong interest, though large transaction volumes have dropped.

Portfolio Pulse from Khyathi Dalal

July 29, 2024 | 6:07 pm

IOVA

Piper Sandler downgraded Iovance Biotherapeutics (NASDAQ: IOVA) due to slow uptake of its newly approved skin cancer cell therapy, Amtagvi. The price target was slashed by 40%, and revenue estimates for 2024 were significantly reduced.

Portfolio Pulse from Vandana Singh

July 29, 2024 | 5:55 pm

AMC

DIS

Disney shares are trading higher due to the strong box office performance of 'Deadpool & Wolverine,' which set IMAX records and achieved an all-time opening weekend record for an R-rated film. AMC Entertainment also benefited from the film's success, with it becoming their highest revenue-generating merchandise program of the year. Disney is set to report its third-quarter earnings on August 7th.

Portfolio Pulse from Vaishali Prayag

July 29, 2024 | 5:51 pm

TSLA

Piper Sandler analyst Alexander Potter has maintained an Overweight rating on Tesla Inc (NASDAQ:TSLA), highlighting the latest version of Tesla’s Full Self-Driving (FSD) technology as 'revolutionary.' Potter believes FSD is crucial for Tesla's future, with a price target of $300 per share. Despite recent weak quarters and a 7% year-to-date decline in stock price, the analyst sees FSD as a major driver of future revenue and margin expansion.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 5:42 pm

AAPL

Bank of America analyst Wamsi Mohan reiterated a Buy rating for Apple Inc (NASDAQ:AAPL) with a price target of $256 ahead of its Q3 earnings report on August 1. Mohan predicts slightly higher-than-expected revenue and EPS, and highlights the importance of AI, Chinese market share, and services revenue. Apple’s new AI initiative, 'Apple Intelligence,' is expected to drive an upgrade cycle and boost revenue.

Portfolio Pulse from Hayden Buckfire

July 29, 2024 | 5:35 pm