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GOOG

GOOGL

META

Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, is reportedly shifting its strategy to give lower priority to news and politics on its social media platforms. This move has sparked tensions with governments, particularly in Canada, where legislation mandates platforms like Facebook to pay publishers and broadcasters for their content. As a result, Meta plans to remove news from its feeds in the region, prompting over 30 advertisers to pledge to withdraw their advertising in protest.

Portfolio Pulse from Ananya Gairola

July 20, 2023 | 9:36 am

DEO

Morgan Stanley analyst Sarah Simon has downgraded Diageo (NYSE:DEO) from Equal-Weight to Underweight.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:33 am

EEMA

EZU

FLAX

SPY

TSLA

US markets ended higher on Wednesday, with the Dow Jones Industrial Average and the S&P 500 recording gains. Tesla reported a 47% YoY increase in Q2 revenue, beating estimates. Asian markets showed mixed results, with Japan's Nikkei 225 and China's Shanghai Composite closing lower, while Australia's S&P/ASX 200 closed higher. European markets were trading higher, and commodities showed mixed results. US futures showed mixed results, and the US Dollar Index slid 0.09%.

Portfolio Pulse from Akanksha Bakshi

July 20, 2023 | 9:30 am

ATVI

Jefferies analyst Andrew Uerkwitz has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold and set a price target of $95.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:29 am

SLG

SL Green Realty Corp. reported lower-than-expected Q2 earnings results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:27 am

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to invest over $1 billion in its Dojo Supercomputer project by the end of 2024, according to CEO Elon Musk. The Dojo Supercomputer is a proprietary platform designed for AI machine learning, with a focus on video training using data from Tesla's fleet of vehicles. Despite already owning a powerful supercomputer based on NVIDIA GPUs, Tesla has developed its custom-built Dojo computer. The announcement of this investment led to a post-market slide in Tesla's share price.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 9:22 am

TSM

Taiwan Semiconductor (TSM) reported worse-than-expected Q2 earnings results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:17 am

AAL

ABT

JNJ

NFLX

TSLA

Johnson & Johnson, Tesla, American Airlines Group, Netflix, and Abbott Laboratories are the stocks to watch heading into Thursday. Johnson & Johnson is expected to post quarterly earnings at $2.62 per share on revenue of $24.66 billion. Tesla reported better-than-expected earnings and sales results for its second quarter, but its operating margin narrowed. American Airlines Group is expected to have earned $1.58 per share on revenue of $13.74 billion. Netflix reported upbeat earnings for the second quarter, while sales missed expectations. Abbott Laboratories is expected to report quarterly earnings at $1.05 per share on revenue of $9.70 billion.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 8:17 am

RELL

Richardson Electronics reported worse-than-expected Q4 earnings results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:14 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has indicated that the company may further cut prices on its vehicles depending on market stability. Musk noted that the affordability of anything bought with debt decreases as interest rates rise. Tesla has been cutting prices on its vehicles since January, starting a price war in the EV market. However, Tesla’s vehicle prices have been stable with no major price changes for the last two months.

Portfolio Pulse from Anan Ashraf

July 20, 2023 | 8:08 am