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Stock Prices

TSLA

Tesla, Inc. (NASDAQ:TSLA) is expected to report higher Q2 earnings at 81 cents per share, up from 76 cents per share a year ago, with revenues of $24.53 billion. The company's stock closed at $293.34 on Tuesday, with a 1% increase. Several analysts have recently updated their price targets for Tesla, with most predicting an upside.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:38 pm

HPK

HighPeak Energy Inc (NYSE:HPK) shares are trading lower after the company announced the pricing of its public offering at $10.50 per share. The company expects to generate gross proceeds of $135.5 million, which will be used for working capital and to enhance its near-term liquidity position. The offering is expected to close on July 21.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 12:38 pm

HPK

HighPeak Energy has announced the pricing of an underwritten public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:37 pm

META

MSFT

NVDA

QCOM

Qualcomm Inc (QCOM) stock is trading higher after the company collaborated with Meta Platforms Inc (META) to optimize the execution of Meta's Llama 2 large language models directly on-device, bypassing the sole use of cloud services. This allows developers to save on cloud costs and provide users with private, more reliable, personalized experiences. Qualcomm Technologies plans to make Llama 2-based AI implementation available on devices powered by Snapdragon from 2024 onwards. Microsoft Corp (MSFT) also disclosed expanding Meta AI partnership with Llama 2 on Azure and Windows.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 12:36 pm

AVGO

VMW

VMware Inc's shares are trading higher after the UK's Competition and Markets Authority (CMA) provisionally cleared Broadcom Inc to buy the company. The proposed takeover, valued at $61 billion, was initially reviewed by the CMA to determine its impact on computer product supply competition. The deal is expected to expand VMware's portfolio and provide enterprise customers with an expanded platform to accelerate innovation and address IT infrastructure needs.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 12:35 pm

CVNA

PBLA

Carvana (CVNA) has reached an agreement with noteholders to eliminate over 83% of 2025 and 2027 unsecured note maturities, reducing cash interest expense by over $430M per year for the next two years. Panbela Therapeutics (PBLA) will receive up to $9.5M for divesting assets within its Eflornithine Pediatric Neuroblastoma Program to US WorldMeds. AT&T (T) shares are trading higher after the company confirmed less than 10% of its nationwide copper-wire telecom network has lead-clad cables.

Portfolio Pulse from ryanfaloona@benzinga.com

July 19, 2023 | 12:33 pm

SPY

USA Housing Starts for June were reported at 1.434M, lower than the estimated 1.480M and the prior figure of 1.559M.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:31 pm

USB

U.S. Bancorp (NYSE:USB) reported a 19.7% YoY increase in Q2 total adjusted net revenue to $7.197 billion, exceeding consensus estimates. Adjusted net interest income rose 28.5% to $4.42 billion, while adjusted noninterest income increased 7.8% to $2.75 billion. The company's provision for credit losses jumped to $578 million, driven by the acquisition of MUFG Union Bank and economic uncertainty. Despite the positive earnings report, USB shares fell 1.48% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 12:30 pm

COIN

MRNA

SNOW

VRTX

Insiders at Moderna, Vertex Pharmaceuticals, Coinbase Global, and Snowflake have recently sold shares. Moderna's President sold 15,000 shares at an average price of $120.60, while Vertex's CEO and President sold 7,828 shares at an average price of $355.00. Coinbase's Director sold 4,580 shares at an average price of $106.65, and Snowflake's SVP of Product Management sold 1,500 shares at an average price of $184.94.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:26 pm

CELH

Maxim Group analyst Anthony Vendetti has downgraded Celsius Holdings (NASDAQ:CELH) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 12:26 pm