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Bank of America, Citigroup, Wells Fargo, JPMorgan Chase, and Morgan Stanley all reported Q2 earnings that largely beat estimates, driven by higher net interest income due to increased interest rates. However, the market response was muted, and all banks increased their provisions for anticipated losses, indicating a cautious outlook.

Portfolio Pulse from Upwallstreet

July 18, 2023 | 6:20 pm

MDB

MongoDB has announced an expansion of its multiyear strategic partnership with Microsoft by integrating the Atlas application into Azure. This has led to a rise in MongoDB's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:19 pm

ARGX

Argenx shares are trading higher after multiple firms raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:17 pm

LLY

Unusual options activity has been observed for Eli Lilly (NYSE:LLY), with 17 options trades spotted, split between 52% bullish and 47% bearish. The big-money traders have been targeting a price range from $330.0 to $520.0 for Eli Lilly over the last 3 months. The current price of LLY is up 1.06% at $451.87. Analysts from Truist Securities, Cantor Fitzgerald, and Morgan Stanley have given their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:15 pm

NOW

A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 55% of investors opening trades with bearish expectations. The whales have been targeting a price range from $450.0 to $660.0 for ServiceNow over the last 3 months. The price of NOW is up 1.21% at $599.52, with RSI indicators suggesting the stock may be approaching overbought. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:15 pm

AMD

Advanced Micro Devices, Inc. (AMD) shares are trading lower ahead of its Q2 earnings report due in 14 days. The company is expected to report earnings per share of 57 cents and revenue of $5.31 billion. B of A Securities analyst Vivek Arya maintained a Neutral rating on AMD and lowered the price target from $135 to $130. Over the past 3 months, AMD's stock has risen by 30.55%.

Portfolio Pulse from Ryan Gustafson

July 18, 2023 | 6:14 pm

VRAY

ViewRay Inc's shares fell by 13% to a new 52-week low after the company filed voluntary Chapter 11 petitions. The company plans to sell its business and assets, and has secured $6 million in debtor-in-possession financing. Resignations from the Board of Directors were announced, and a new CEO and Senior Vice President have been appointed.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 6:11 pm

SNV

Synovus Finl (NYSE:SNV) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $1.15. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $32.84, down 12.51% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:01 pm

RELL

Richardson Electronics (NASDAQ:RELL) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $0.19. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $15.51, down 5.74% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:01 pm

ARQT

Arcutis Biotherapeutics (NASDAQ:ARQT) has received 8 analyst ratings in the last quarter, with 6 being bullish and 2 somewhat bullish. The company has an average price target of $41.25, a decrease of 16.24% from the previous average price target of $49.25.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:01 pm