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MSFT

SONY

TTWO

Bain & Company forecasts global video gaming revenue to grow from $199 billion in 2022 to $307 billion by 2027, driven by younger gamers and increased deal activity. Key transactions include Microsoft's acquisition of Activision, Take-Two's acquisition of Zynga, and Sony's acquisition of Bungie.

Portfolio Pulse from Franca Quarneti

July 15, 2024 | 6:50 pm

GOOG

GOOGL

Alphabet Inc (NASDAQ:GOOG, GOOGL) is reportedly nearing a $23-billion acquisition of cloud security startup Wiz Inc. Analysts believe this move could trigger a significant wave of mergers and acquisitions in the Big Tech sector, especially if Trump wins the White House in November. The acquisition is seen as a strategic move to enhance Google's cloud security capabilities and position it as a leading player in the cloud security market.

Portfolio Pulse from Surbhi Jain

July 15, 2024 | 6:44 pm

AVB

EQR

MAA

PLD

SPY

President Biden plans to propose a nationwide cap on rental costs, targeting landlords with more than 50 units who increase rents by more than 5% annually. The proposal aims to address Democratic concerns and will need Congressional approval. It excludes new constructions to avoid discouraging new rental housing development.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:38 pm

TMO

The article discusses the trading dynamics of Thermo Fisher Scientific Inc. (NYSE:TMO), highlighting the resistance level at $600 and the support level at $535. It explains how stocks tend to sell off after reaching resistance and rally off of support, providing low-risk trading opportunities.

Portfolio Pulse from Mark Putrino

July 15, 2024 | 6:14 pm

LYFT

TSLA

UBER

Needham analyst Bernie McTernan reiterated a Buy rating for Uber Technologies Inc (NYSE:UBER) with a $90 price target, citing strong second-quarter pricing trends and increased bookings estimates. Lyft Inc (NASDAQ:LYFT) was reiterated with a Hold rating, with improved pricing and bookings estimates. Competition fears from Tesla Inc (NASDAQ:TSLA) are slightly lowered due to the pushout of the robotaxi event.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 6:04 pm

INTC

Intel has launched the first U.S. registered apprenticeship program for manufacturing facility technicians in Arizona. The program, in collaboration with several organizations, will train technicians over five years, with apprentices becoming full-time Intel employees from day one and earning a certificate and college credit upon completion.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:00 pm

BLK

IBIT

BlackRock CEO Larry Fink has acknowledged Bitcoin as a legitimate financial instrument, reversing his previous skepticism. BlackRock's iShares Bitcoin Trust (IBIT) has become the largest spot Bitcoin ETF by market cap, and the firm's USD Institutional Digital Liquidity fund has surpassed $500 million in market value. Fink's endorsement is significant given BlackRock's $10.6 trillion in assets.

Portfolio Pulse from Ivan Crnogatić

July 15, 2024 | 6:00 pm

Verizon Communications Inc (NYSE:VZ) and AT&T Inc (NYSE:T) are in conflict over a $14 billion FirstNet spectrum proposal. AT&T, which holds a 25-year contract to manage FirstNet, is pushing for more wireless frequencies to be allocated to the network, while Verizon argues this would unfairly benefit AT&T. The FCC will decide on the allocation.

Portfolio Pulse from Shivani Kumaresan

July 15, 2024 | 5:50 pm

DOGG

IBM

TDVI

BofA Securities analyst Wamsi Mohan provides an earnings preview for IBM's Q2 results, expecting no change in annual outlook. IBM shares have risen 12% YTD but lagged behind the SPX index. The analyst sees potential in IBM's Gen AI segment and expects robust revenue growth in Software and Consulting in the second half of 2024. IBM is expected to reaffirm its annual guidance, with a Buy rating and a price target of $209.

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 5:41 pm

AAPL

AVGO

IBM

IREN

MARA

MSFT

MSTR

NVDA

SMCI

TSM

The article highlights significant options activity in the Information Technology sector, focusing on whale alerts for various stocks. Notable mentions include NVDA, MARA, AAPL, TSM, AVGO, SMCI, MSTR, IBM, MSFT, and IREN, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 5:35 pm