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Stock Prices

NKLA

Nikola Corporation's shares are trading higher following the announcement by JB Hunt that it will purchase 13 trucks from the company.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:35 pm

GPI

Benchmark analyst Michael P. Ward has reiterated a Buy rating on Group 1 Automotive, Inc. (NYSE:GPI), raising the price target to $340 from $300. Despite price volatility in the used vehicle market and below-trend demand in the new vehicle industry, GPI's margins have exceeded expectations. The company has added $1 billion in annual revenue from acquisitions and share repurchase reduced share count. The analyst expects the variable gross margins to decline over the next two years, but the performance will be above historical levels. The 2023 EPS estimate of GPI has been raised to $44.40 per share from $44.00, and the 2024 estimate has been increased to $44.35 from $44.25.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 7:34 pm

INVZ

Shares of Innoviz Technologies are trading higher following positive commentary from Citron Research.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:34 pm

SPY

The market on close imbalance is leaning towards the sell-side with $951M. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:33 pm

MU

Micron Technology (NASDAQ:MU) has outperformed the market over the past 15 years by 11.0% on an annualized basis, producing an average annual return of 19.83%. If an investor had bought $100 of MU stock 15 years ago, it would be worth $1,501.30 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 7:32 pm

ABT

Abbott Laboratories (NYSE:ABT) has outperformed the market over the past 10 years by 1.5% on an annualized basis, producing an average annual return of 11.9%. If an investor had bought $1000 of ABT stock 10 years ago, it would be worth $3,048.01 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 7:31 pm

ACAX

ACHR

APLS

YELL

The article lists the stocks that gained and lost the most in Monday's trading session. Some of the notable gainers include Yellow Corporation, which saw its shares jump 106% after ceasing operations, and Archer Aviation, which climbed 41.8% after entering into contracts with the US Air Force. On the other hand, Apellis Pharmaceuticals fell 18.8% after reporting its quarterly financial results, and Alset Capital Acquisition Corp. shares fell 27.9%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 7:30 pm

PLUG

Plug Power shares are trading higher without any company-specific news driving the increase.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:29 pm

DASH

UBER

JMP Securities analyst Andrew Boone reiterated DoorDash Inc (NYSE:DASH) with a Market Outperform and a $100 price target. Boone increased his 2024 EBITDA by 10% due to increased confidence in new verticals maturing and strong 2Q23 results. DoorDash's shares are up 43% since reporting 1Q23 earnings. The company's focus on new verticals and international investments are expected to further scale and surprise profitability to the upside into 2024. Boone also sees an opportunity for DoorDash to increase ad load and grow ad revenue.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 7:27 pm

PTON

Peloton shares are trading higher without any company-specific news driving the increase.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 7:25 pm