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Citigroup Inc. is expected to report lower Q2 earnings at $1.30 per share, down from $2.19 per share a year ago. The company's revenue is projected to be $19.27 billion. Citigroup shares rose 0.6% to close at $47.68 on Thursday. Several analysts have recently adjusted their price targets for the company, with predictions ranging from a 4% downside to a 64% upside.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 6:09 am

GORO

Gold Resource Corporation has produced and sold 10,795 ounces of gold and 569,072 ounces of silver year-to-date, equating to a gold equivalent total of 17,690 ounces. The company has reaffirmed its FY23 production guidance of 30,000-31,000 gold equivalent ounces.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 5:25 am

LUNR

LUNRW

Intuitive Machines (NASDAQ:LUNR) (NASDAQ:LUNRW) has successfully conducted a complete spacecraft test run of its Nova-C lunar lander. The lander is expected to launch on a Falcon-9 rocket this quarter from Cape Canaveral, marking the return of the US to the Moon for the first time since 1972. The mission will also pave the way for NASA astronauts to land on the lunar surface under the Artemis program.

Portfolio Pulse from Anan Ashraf

July 14, 2023 | 4:56 am

BBJP

DXJ

EWJ

Japan's industrial production for May has decreased by 2.2%, which is worse than the estimated decrease of 1.6% and a significant drop from the 0.7% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 4:31 am

BBJP

DXJ

EWJ

FXI

Asian stocks have risen due to easing fears about the Federal Reserve and anticipation of upcoming data on the Chinese economy. The Nikkei 225, Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices all saw increases, while the US Dollar slid 0.17% during the Asian session.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 4:29 am

BTCUSD

ETHUSD

XRPUSD

Over $33M worth of XRP shorts were liquidated in the past 12 hours following a court ruling in favor of Ripple Labs. The ruling stated that the XRP token is not considered a security. This led to a surge in whale activity on the XRP network, with 637 transactions valued at over $100,000 each recorded in the last 24 hours. XRP's price increased by 62% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:23 am

BTCUSD

ETHUSD

XLMUSD

Stellar (XLM) and Ripple's XRP experienced significant surges of 51% and 60% respectively, outperforming Bitcoin and Ethereum. This follows a court ruling that determined XRP to be an investment contract when sold to institutional investors, which has been perceived positively by investors. Major US exchanges including Coinbase, Kraken, iTrustCapital, and possibly Gemini, are relisting XRP on their trading platforms.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:06 am

CDXS

KTOS

QSI

SDGR

TER

Ark Invest, led by Cathie Wood, purchased over 1.4 million shares of Quantum-Si Inc (NASDAQ:QSI) valued at $3.7 million. This is the largest purchase of Quantum-Si shares by Ark Invest so far. The shares were bought through the Ark Genomic Revolution ETF (ARKG). Ark Invest also sold shares of Kratos Defense & Security (NASDAQ:KTOS), Codexis Inc (NASDAQ:CDXS), and Schrodinger Inc (NASDAQ:SDGR), and bought shares of Teradyne Inc (NASDAQ:TER).

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 3:39 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies surged after a court ruling partially favored Ripple Inc, stating that the XRP token is not a security in relation to programmatic sales on digital asset exchanges. However, the institutional sale of XRP can be categorized as a security when sold to institutional investors. Following the ruling, XRP's value increased by 96% to $0.93. Analysts believe that this victory for XRP is more bullish than any ETF filings. The global crypto market capitalization increased by 6.52% to $1.26 trillion.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 2:37 am

COIN

JPM

LUNR

NKLA

TSLA

Five US stocks that gained attention from retail traders and investors are Coinbase Global, Inc. (COIN), Intuitive Machines, Inc. (LUNR), Tesla Inc. (TSLA), JPMorgan Chase & Co. (JPM), and Nikola Corp. (NKLA). COIN shares rose after a US judge ruled that Ripple sales do not constitute an offer of investment contracts. LUNR shares fell despite a successful test run of its Nova-C lunar lander. TSLA shares rose amid reports of a new production plant in India. JPM shares rose ahead of its Q2 financial results. NKLA shares rose after announcing an agreement with BayoTech.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 1:48 am