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SYM

Symbotic's shares are trading higher following the company's better-than-expected Q3 results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 11:38 am

PCRFY

Panasonic Holdings Corp (OTC:PCRFY) reported a Q1 FY24 sales growth of 3% Y/Y to ¥2.03 trillion, with sales in Automotive, Connect, and automotive batteries contributing significantly. However, the sales of $14.80 billion missed the consensus of $15.07 billion. Operating profit rose 42% Y/Y to ¥90.4 billion, and net profit surged to ¥200.9 billion from ¥48.9 billion a year ago. The company raised its FY24 net profit outlook to ¥460.0 billion from ¥350.0 billion.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 11:32 am

NIO

Chinese electric vehicle maker Nio Inc has opened its 1600th power swap station in China, adding 100 stations in about a month. The company aims to add 1,000 battery swap stations by year-end, taking the total to 2,300. Nio's CFO Steven Feng expressed confidence that more power swap stations will lead to more sales growth. However, Nio recently announced it would no longer provide free battery-swapping services to new buyers after reporting revenue that missed consensus and deeper losses for Q1.

Portfolio Pulse from Anan Ashraf

July 31, 2023 | 11:30 am

W

Piper Sandler has upgraded Wayfair's stock from Neutral to Overweight and raised the price target to $97 from $35. This has resulted in Wayfair shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 11:27 am

BTGOF

TLSNF

TLSNY

BT Group PLC has announced the appointment of Allison Kirkby as its new CEO, effective no later than January 2024. Kirkby, who has served as the president and CEO of Telia Company AB since early 2020, has been a Non-Executive Director at BT Group since 2019. The current CEO, Philip Jansen, will step down at an 'appropriate moment' over the next 12 months and will support the handover until his retirement in March 2024. BTGOF shares closed higher by 7.05% at $1.67 on Friday.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 11:24 am

PLTR

Shares of Palantir Technologies, Inc. (NYSE:PLTR) rose in premarket trading on Monday, potentially marking a second straight session of positive performance. The surge follows a positive coverage initiation by Wedbush analyst Daniel Ives, who referred to the company as the 'Messi of AI'. The stock could continue to rise as traders begin to acknowledge the company as a legitimate AI play.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 11:15 am

CPRI

JP Morgan analyst Matthew Boss has downgraded Capri Holdings (NYSE:CPRI) from Overweight to Neutral.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 11:14 am

IDAI

NEON

RMNI

SOBR

WKEY

The article lists five tech stocks that are considered oversold and may present buying opportunities. These include Rimini Street, Inc. (RMNI), WISeKey International Holding AG (WKEY), Neonode Inc. (NEON), T Stamp Inc. (IDAI), and SOBR Safe, Inc. (SOBR). The stocks are considered oversold based on their Relative Strength Index (RSI) values, which are all near or below 30.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 11:13 am

CAMT

Camtek reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.42 by 7.14%. However, this is a 2.17% decrease from the same period last year. The company also reported quarterly sales of $73.76 million, beating the estimate of $72.38 million by 1.90%, but this is a 7.31% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 11:11 am

A

Evercore ISI Group analyst Ross Muken has downgraded Agilent Technologies (NYSE:A) from Outperform to In-Line and lowered the price target from $126 to $124.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 11:10 am