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SN

Trading of SharkNinja shares has been halted due to a circuit breaker being triggered on the downside.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 2:43 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading higher after the company announced its highest weekly admissions revenue in company history. This was driven by the releases of 'Barbie' and 'Oppenheimer'. The company also saw strong demand for 'Haunted Mansion', 'Mission: Impossible - Dead Reckoning Part One' and 'Sound Of Freedom'. AMC is set to report second-quarter financial results on Aug 8, with an expected loss of 5 cents per share on revenue of $1.268 billion.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 2:41 pm

BPMC

Wells Fargo has upgraded Blueprint Medicines' stock from Equal-Weight to Overweight, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:41 pm

BAX

Baxter International has issued an Urgent Medical Device Correction for its Spectrum V8 and Spectrum IQ pumps with specific software versions, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:40 pm

SPKY

SPY

UVXY

Ahead of a big earnings week, the SPDR S&P 500 (NYSE:SPY) traded flat while the CBOE Volatility Index (CBOE: VIX) rose by 4.5%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY), a 1.5x leveraged fund, also traded flat. The SPKY's double inside bar pattern leans bullish, indicating a potential upward break. However, if the ETF breaks down under $4.55, a downtrend is likely to resume.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 2:40 pm

IRS

RC

REFI

RMR

SOHO

The article identifies five value stocks in the real estate sector: Ready Capital (NYSE:RC), Chicago Atlantic Real (NASDAQ:REFI), RMR Gr (NASDAQ:RMR), IRSA Inversiones y (NYSE:IRS), and Sotherly Hotels (NASDAQ:SOHO). These companies are considered undervalued based on their low P/E multiples. The article also provides updates on each company's earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 2:39 pm

AAVEUSD

CRVUSD

South Korean cryptocurrency exchange Upbit has temporarily halted deposits and withdrawals for Curve (CRYPTO: CRV) due to a significant security exploit. The attack on Curve Finance risked $100 million worth of digital assets and caused CRV's dollar-denominated price to drop by over 15%. The price drop threatened the liquidation of a significant borrowed position on Aave (CRYPTO: AAVE), raising the risk of market-wide contagion. However, an MEV bot operator managed to recover approximately $5.4 million and returned it to Curve Finance.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 2:39 pm

TCOM

JP Morgan has upgraded Trip.Com's stock from Neutral to Overweight and raised its price target from $39 to $50. This has resulted in Trip.Com shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:37 pm

IMGN

ImmunoGen shares are trading lower following the company's Q2 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:37 pm

CVX

Goldman Sachs has upgraded Chevron Corp (NYSE:CVX) from Neutral to Buy and set a $187 price target. The upgrade is based on a cash flow inflection point that should set the company up for increased capital returns at a more attractive valuation. The Goldman analyst expects Chevron to add approximately $1.5 billion to earnings in 2026, driven by improving crude oil flows. Chevron has underperformed the broader energy sector over the last year, but the Goldman analyst expects that to change in the years ahead.

Portfolio Pulse from Adam Eckert

July 31, 2023 | 2:36 pm