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Stock Prices

UNH

UnitedHealth Group Inc (UNH) shares are trading higher by 1.35% to $506.89. This is in sympathy with Elevance Health, which reported better-than-expected Q2 financial results and raised guidance. Elevance Health's Q2 EPS was $9.04, a 13.4% YoY increase, and revenue was $43.67 billion, a 13% growth. The increase is attributed to premium rate increases, membership growth in Medicaid and Medicare, and expansion of pharmacy product revenue through the acquisition of BioPlus.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 4:36 pm

TSLA

Tesla Inc (TSLA) shares are trading higher by 1.55% to $297.90 ahead of the company's second-quarter earnings report. The company is expected to report EPS of 82 cents on revenue of $24.48 billion. Investor concerns revolve around the auto gross margin, excluding regulatory credit, due to expected price cuts and discounts. Gene Munster of Deepwater Asset Management anticipates auto gross margins to be around 17-18%, while the market consensus is set at 19%.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 4:33 pm

AAPL

GOOG

GOOGL

MSFT

Apple Inc is reportedly developing artificial intelligence tools that could rival those of OpenAI Inc, Alphabet Inc’s Google, and others. The company has built a framework known as 'Ajax' for creating large language models, which are at the core of new offerings like ChatGPT and Google’s Bard. Apple has also created a chatbot service called 'Apple GPT'. The company is not planning to release it to consumers, but is working to improve its underlying models. Apple is also planning a new health coaching service that uses AI to personalize plans.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 4:32 pm

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) were trading mostly sideways during Wednesday’s 24-hour trading session. Shiba Inu has formed a symmetrical triangle pattern on the 24-hour chart, indicating that the bulls and bears are equally in control. The crypto is set to meet the apex of the formation on July 29 and traders can watch for the crypto to break up or down from the triangle on higher-than-average volume to indicate future direction.

Portfolio Pulse from Melanie Schaffer

July 19, 2023 | 4:32 pm

AIG

American Intl Gr's (NYSE:AIG) short percent of float has fallen 8.91% since its last report, with 5.94 million shares sold short, which is 0.92% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, AIG has less short interest as a percentage of float, with the average being 1.40%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:30 pm

KLAC

KLA's (NYSE:KLAC) short percent of float has fallen 5.29% since its last report, with 2.20 million shares sold short, which is 1.61% of all regular shares available for trading. It would take traders 2.47 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average at 6.67%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:30 pm

SBUX

Starbucks's (NYSE:SBUX) short percent of float has fallen 4.41% since its last report, with 14.60 million shares sold short, which is 1.3% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Starbucks. Compared to its peers, Starbucks has less short interest as a percentage of float, with an average of 8.91%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:30 pm

ODD

Oddity Tech, a newly listed company, has indicated an initial public offering (IPO) price of $48.67 per share on 549K shares, significantly higher than the IPO price of $35 per share.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 4:30 pm

AMZN

META

NVDA

QCOM

Nvidia Corp is in talks to take an equity stake in Lambda Labs, a startup that competes with Amazon Web Services and other cloud providers in renting servers with Nvidia chips. The deal could total $300 million in new capital and might value Lambda Labs at over $1 billion. BofA Global Research analyst Vivek Arya reiterated his Buy rating for Nvidia stock and raised his price target to $550 from $500. Qualcomm Inc tapped Meta Platforms Inc to optimize the execution of Meta's Llama 2 large language models on devices, which have primarily run on Nvidia graphics processors.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 4:23 pm

TPG

TPG Inc has agreed to acquire Nextech from Thomas H. Lee Partners for $1.4 billion. Nextech provides clinical and administrative healthcare technology solutions for specialty physician practices. The deal is expected to close in Q3 2023. This acquisition is part of TPG's focus on healthcare IT solutions. TPG's shares are trading higher by 0.45% at $31.09.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 4:21 pm