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Stock Prices

VMW

UK's Competition and Markets Authority (CMA) has provisionally approved Broadcom's acquisition of Vmware. This has led to an increase in Vmware's share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:32 am

LUMN

T

VZ

AT&T, Verizon, and Lumen Technologies stocks are trading higher after AT&T announced that less than 10% of its nationwide copper-wire telecom network has lead-clad cables. This comes in response to a story last week indicating that several telecom giants have networks of underground cables covered in toxic lead. AT&T and Verizon have lost 14% and 10% of their stock value, respectively, since the report on July 9.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 11:31 am

RIO

Rio Tinto PLC (NYSE:RIO) has provided a production update for Q2, stating that Pilbara iron ore production was up 3% Y/Y at 81.3 metric tonnes (Mt). However, shipments were down 1% Y/Y due to planned maintenance and a train derailment. The company now expects full-year shipments for Pilbara to be at the upper half of the original guidance range. Bauxite production declined 5% Y/Y to 13.5 MT due to higher-than-average rainfall and equipment downtime. The company also downgraded production expectations for Titanium dioxide and refined copper. Consequently, Rio expects 2023 bauxite production to be at the lower end of the 54 to 57 MT range.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 11:28 am

AAPL

NVDA

Analyst Ben Reitzes from Melius Research has drawn parallels between Nvidia Corp. and Apple Inc., citing Nvidia's full-stack approach as a key factor for potential outsized profit share in the industry. Despite Nvidia's shares soaring more than 200% this year, Reitzes suggests that investors haven't missed the opportunity. He initiated coverage of Nvidia with a buy rating and a $625 price target. BofA Securities analyst Vivek Arya also expressed optimism about Nvidia’s future, raising his price objective on the stock to $550 from $500.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 11:22 am

AY

CWEN

UGI

Three high-yielding utility stocks with over 5% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Atlantica Sustainable Infrastructure plc (AY) with a dividend yield of 7.50%, UGI Corporation (UGI) with a yield of 5.79%, and Clearway Energy, Inc. (CWEN) with a yield of 5.62%. The analysts have provided ratings and price targets for each of these stocks.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 11:21 am

BC

Brunswick Corporation (BC) shares are trading lower after the company disclosed below-expectation Q2 preliminary results.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:13 am

STLA

TSLA

VWAGY

Battery electric vehicles (BEVs) surpassed diesel in market share for the first time in the EU, reaching 15.1% in June. Tesla Inc, Volkswagen, and Stellantis NV were notable winners, with Tesla recording a 168% increase in vehicle registrations. This comes after the European Parliament approved a law banning the sale of petrol and diesel vehicles from 2035.

Portfolio Pulse from Anan Ashraf

July 19, 2023 | 11:06 am

HROW

Harrow Health has priced an underwritten public offering of 3.38 million shares at $17.75 per share, aiming to raise aggregate gross proceeds of $60 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 11:03 am

GRIL

RKFL

VBIV

Insiders at Muscle Maker, Inc. (GRIL), RocketFuel Blockchain, Inc. (RKFL), and VBI Vaccines Inc. (VBIV) have made significant purchases of their companies' stocks. Muscle Maker's 10% owner Aggia FZ LLC acquired shares worth around $27.63 million. RocketFuel's CEO Peter M. Jensen bought 1,000 shares, and VBI Vaccines' Director Steven Gillis acquired shares worth around $1 million. These purchases indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 11:03 am

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) has completed its U.S. lithium battery cell pilot line and started manufacturing anode using its patented process. The pilot line can produce up to 150 MWh of domestically manufactured LiFePO4 battery cells per year at 70% efficiency. Full cells are expected to be produced by the end of 2023. DFLI shares are trading lower by 0.52% at $1.92 premarket on Wednesday.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 11:00 am