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SOFI

SoFi has raised its adjusted net revenue guidance for the second half of the year to between $1.025B and $1.085B. The company also increased its FY23 adjusted net revenue guidance to $1.974B-$2.034B, compared to the previous estimate of $2B.

Portfolio Pulse from Bill Haddad

July 31, 2023 | 11:02 am

AAPL

MSFT

QQQ

SPY

US stocks are expected to start the week sluggishly, with key earnings reports and labor market readings potentially influencing the market. Apple's earnings report on Thursday is seen as a crucial indicator of global consumer health. Last week, the major averages advanced due to earnings optimism and benign inflation readings. LPL Financial's Chief Technical Strategist Adam Turnquist believes the current bull market rally is sustainable due to broader participation. In premarket trading on Monday, the SPDR S&P 500 ETF Trust rose 0.06% and the Invesco QQQ ETF edged down 0.01%. Several companies, including Palantir Technologies, Advanced Micro Devices, and Microsoft, are in focus due to their upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 11:01 am

HEINY

Heineken NV reported a 6.3% Y/Y revenue growth in H1 2023 to €17.44 billion, despite a 5.6% Y/Y decline in beer volume due to weak performance in Vietnam and Nigeria. The company's net profit fell 8.6% Y/Y to €1.16 billion, and EPS was down 7.3% Y/Y to €2.04. Heineken revised its 2023 operating profit growth outlook to stable to mid-single-digit organic growth. The company expects a strong turnaround in operating profit growth in the second half of the year.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 11:00 am

FBNC

Raymond James analyst Daniel Tamayo has downgraded First Bancorp (NASDAQ:FBNC) from Outperform to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 10:53 am

BTCUSD

The article discusses a scenario where if someone had invested $100 in Bitcoin (BTC) when the character Gilfoyle from the TV show 'Silicon Valley' suggested exploring cryptocurrency, they would have seen a 206.61% gain. The episode aired on May 6, 2018, when Bitcoin was trading at $9585. At the time of writing, BTC was trading at $29,389.

Portfolio Pulse from Mehab Qureshi

July 31, 2023 | 10:52 am

CRSR

Wedbush analyst Michael Pachter has upgraded Corsair Gaming (NASDAQ:CRSR) from Neutral to Outperform and raised the price target from $17.5 to $21.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 10:50 am

BRTX

EFSH

YELL

Insiders have made significant purchases in three penny stocks: Yellow Corporation, BioRestorative Therapies, and 1847 Holdings. Yellow Corporation's 10% owner Farhad Nanji acquired over 7 million shares, costing around $4.36 million. BioRestorative Therapies' 10% owner Dale Broadrick acquired 1,000 shares, costing around $2,800. 1847 Holdings' 10% owner Strategic Risk LLC acquired 48,000 shares, costing around $10,080.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 10:38 am

Toyota Motor Corp (NYSE:TM) plans to strengthen its local development of intelligence and electrification technology in China. The company will change the name of its largest R&D facility in China to 'Intelligent ElectroMobility R&D Center by TOYOTA (China) Co., Ltd.' as of August 1. Toyota aims to reduce manufacturing costs by developing a local supplier base, reviewing parts designs, and production engineering/manufacturing reform.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 10:28 am

AVAV

FXI

SPY

UAVS

VISL

China's Commerce Ministry has announced export controls on drone-related equipment, effective from September 1. This move comes amid ongoing tech tensions between China and the US.

Portfolio Pulse from Charles Gross

July 31, 2023 | 10:14 am

AAPL

Apple Inc. is expected to report its fiscal-year third quarter earnings with an average expectation of $1.08 per share on revenue of $74 billion, a decline from the previous year. Analyst Daniel Ives from Wedbush is confident that Apple will meet these expectations due to an uptick in iPhone demand in China and a higher average selling price for the iPhone 14 Pro. Ives also expects Apple's Services business to grow, contributing to the company's overall valuation.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 10:05 am