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NKE

QQQ

SPY

TSLA

Benzinga's AI-curated portfolio, created by ChatGPT, is in its ninth week of a six-month challenge against 10 leading U.S. equity funds. The portfolio, which started with a hypothetical $10,000, is performing well, particularly against ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Tesla Inc is the star of the portfolio, up 62.24% since the position was taken, while Nike Inc is down 7.56%.

Portfolio Pulse from AJ Fabino

July 12, 2023 | 4:14 pm

BAC

DKNG

Bank of America Corp (BAC) Global Securities has upgraded DraftKings Inc (DKNG) from a Neutral to a Buy rating, increasing the price target from $26 to $32. The upgrade is based on DraftKings' product and revenue momentum, which are nearing a critical point that may lead to significant improvements in margins and profitability. BAC's new EBITDA estimate for DraftKings for 2025 is 17% above the consensus, with an additional 15%-25% upside potentially on the cards. DraftKings' market share in online sports betting has grown from 21% to 29% in the past year.

Portfolio Pulse from AJ Fabino

July 12, 2023 | 4:14 pm

AULT

HCTI

PRFX

RXRX

THTX

TTOO

US stocks traded higher with the S&P 500 gaining 1%. US crude oil inventories increased more than expected. Healthcare Triangle, Ault Alliance, and Recursion Pharmaceuticals saw significant stock increases due to various initiatives and collaborations. Theratechnologies, PainReform, and T2 Biosystems saw stock decreases due to weak sales and preliminary results.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 4:13 pm

CMDY

USO

Economists predict a year-over-year increase of 0.4% for the U.S. producer price index (PPI) in June, down from 1.1% in May, marking the lowest level since September 2020. This is due to easing inflationary pressures, with consumer inflation in June decreasing to 3% year-on-year. The Bloomberg Commodity Index, tracked by the iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY), rose 2.6% in June, while oil prices, tracked by the United States Oil Fund ETF (USO), increased by 3.7% in June 2023 but remained 33% below June 2022 levels.

Portfolio Pulse from Piero Cingari

July 12, 2023 | 4:10 pm

GLMD

Shares of Galmed Pharmaceuticals have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:06 pm

SUI

Sun Communities' stock has been upgraded from Peer Perform to Outperform by Wolfe Research, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:04 pm

ZFOX

ZeroFox Holdings (NASDAQ:ZFOX) has received 4 analyst ratings in the last quarter, with 1 being bullish and 3 somewhat bullish. The average 12-month price target for the stock is $3.25, a 35.0% decrease from the previous average price target of $5.00.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:01 pm

EMR

Over the past 3 months, 11 analysts have published their opinion on Emerson Electric (NYSE:EMR) stock. The average price target is $103.0, implying an upside from the current price of $92.31. The current average has increased by 2.61% from the previous average price target of $100.38.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:01 pm

AXNX

Axonics (NASDAQ:AXNX) has received mostly bullish ratings from analysts in the last quarter, with 5 bullish and 3 somewhat bullish ratings. The average 12-month price target for the stock, according to 8 analysts, is $76.75, a decrease of 3.25% from the previous average price target of $79.33.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:01 pm

PPG

PPG Industries' (NYSE:PPG) short percent of float has decreased by 5.13% since its last report, with 1.73 million shares sold short, representing 0.74% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards PPG Industries. Compared to its peers, PPG Industries has less short interest as a percentage of float, with an average of 3.75%.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:01 pm