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AAPL

ABT

AXP

COMM

CTAS

JNJ

LRCX

NVDA

SHOP

Several analysts have updated their price targets and ratings for various companies. Citigroup raised the price target for Cintas Corporation and downgraded the stock from Buy to Neutral. Stifel raised Lam Research Corporation's price target and upgraded the stock from Hold to Buy. Barclays, Wells Fargo, and Mizuho also raised their price targets for Abbott Laboratories, ON Semiconductor Corporation, Shopify Inc., and NVIDIA Corporation respectively. Credit Suisse, RBC Capital, and Piper Sandler cut their price targets for CommScope Holding Company, Inc., ZoomInfo Technologies Inc., and American Express Company respectively. Wells Fargo raised the price target for Apple Inc. and Raymond James raised Johnson & Johnson's price target.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 11:45 am

ANIX

EFSH

VIRC

Insiders at Virco Mfg. Corporation (VIRC), Anixa Biosciences, Inc. (ANIX), and 1847 Holdings LLC (EFSH) have recently made notable purchases of their companies' stocks. Virco's director bought 1,770 shares after the company posted a narrower-than-expected Q1 loss. Anixa's President, COO, and CFO acquired 5,500 shares following the issuance of a Canadian Patent for its CAR-T cancer therapy technology. A 10% owner of 1847 Holdings bought 72,327 shares as the company anticipates a 54% YoY increase in Q2 revenue.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 11:43 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dipped in premarket trading on Monday despite a broader market rally. The stock has been on a downward trend since last Wednesday, even after reporting better-than-expected Q2 earnings and revenue. Analysts expressed concerns over the lack of clarity on the company's margin trajectory and potential future price cuts hinted by CEO Elon Musk. UBS downgraded Tesla from Buy to Neutral, but raised the price target from $220 to $270. Musk's rebranding of Twitter as 'X' also drew skepticism from analysts.

Portfolio Pulse from Shanthi Rexaline

July 24, 2023 | 11:41 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock traded lower as the company decided to retain its stake in Ant Group, declining to participate in a share buy-back plan. The People's Bank of China penalized Alibaba's fintech affiliate by 7.123 billion yuan ($984.33 million) in July, signaling an end to the regulatory crackdown. Alibaba, which holds a 33% stake in Ant Group, exhibited confidence in Ant, likely to encourage other investors to take the long-term view. Alibaba is also looking to overhaul its internal employee ranking system.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 11:40 am

SCU

Sculptor Capital (SCU) shares are trading higher following the announcement of its acquisition by Rithm Capital.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:38 am

BDRX

Biodexa Pharmaceuticals PLC (NASDAQ:BDRX) has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification from Nasdaq on July 20, 2023, confirming that it has cured the previously disclosed bid price deficiency.

Portfolio Pulse from Charles Gross

July 24, 2023 | 11:33 am

BGS

TSN

WBA

The most accurate Wall Street analysts have recommended holding three high-dividend yield stocks in the consumer staples sector: Tyson Foods, Inc. (TSN), Walgreens Boots Alliance, Inc. (WBA), and B&G Foods, Inc. (BGS). Recent news for these companies includes Tyson Foods' plan to cut corporate jobs and senior leadership positions, Walgreens Boots Alliance's lowered FY23 guidance, and B&G Foods' upbeat Q1 earnings.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 11:31 am

FXI

SPY

Beijing has reportedly asked law firms to moderate the language used to describe China-related business risks in the IPO prospectuses of Chinese companies, according to Reuters. This move could potentially impact the perception of risk associated with investing in Chinese companies listed in the US.

Portfolio Pulse from Charles Gross

July 24, 2023 | 11:19 am

ZION

JP Morgan analyst Steven Alexopoulos has downgraded Zions Bancorp (NASDAQ:ZION) from Overweight to Neutral.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 11:18 am

DEN

Stifel analyst Nate Pendleton has downgraded Denbury (NYSE:DEN) from Buy to Hold and lowered the price target from $140 to $86.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 11:16 am