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COIN

HOOD

IBKR

SCHW

Coinbase Global, Inc (NASDAQ:COIN) shares are trading lower after Piper Sandler analyst Patrick Moley downgraded the stock from Overweight to Neutral and lowered its price target from $65 to $60. The downgrade reflects the valuation and the uncertainty created by the recent SEC case and the lack of regulatory clarity in the U.S. Despite the stock's appreciation, Moley believes that rising crypto prices have not translated to increased trading volumes for COIN. He expects COIN to report its lowest quarterly trading volumes and monthly transacting user totals in over two years.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 1:50 pm

KHC

Kraft Heinz Inc.'s (NASDAQ:KHC) shares have decreased by 8.91% over the past three months. The company's total debt stands at $20.42 billion, with net debt at $19.59 billion after adjusting for cash-equivalents. The debt-ratio, a measure of financial leverage, is at 0.22 considering the company's total assets of $90.94 billion. Debt is an important factor in a company's capital structure and can help it attain growth, but it can also impact cash-flow due to interest-payment obligations.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 1:47 pm

AMZN

NFLX

Amazon's CEO, Andy Jassy, is scrutinizing the company's Hollywood studio's ballooning costs and mixed track record with audiences. In 2022, Amazon spent $7 billion on original shows, licensed programs, and sports, up from $5 billion the year before. Despite the high spending, several costly series failed to deliver the desired results. Meanwhile, Amazon's biggest competitor in streaming, Netflix, was churning out new hits every month.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 1:46 pm

COTY

Coty Inc. has seen a significant increase in the volume of its $12.5 call options, with 8932 contracts traded at the ask price of $0.13, compared to the open interest of 5399. The company is expected to release its earnings report on August 24 before the market opens. The reference price is $12.33.

Portfolio Pulse from Charles Gross

July 05, 2023 | 1:41 pm

NXPI

NXP Semiconductors is investigating the potential impact of new Chinese export restrictions on certain gallium and germanium products on its business.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 1:35 pm

KDP

Keurig Dr Pepper Inc.'s (NASDAQ:KDP) shares have dropped by 10.70% over the past three months. The company's total debt stands at $12.24 billion, with net debt at $12.04 billion after adjusting for $204 million in cash-equivalents. The company's debt-ratio is 0.24, indicating a moderate level of financial leverage. While debt can contribute to a company's growth, it can also pose risks if interest rates increase.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 1:32 pm

AMZN

BYDDY

NIO

RIVN

TSLA

XPEV

Several electric vehicle (EV) manufacturers, including Tesla, BYD, XPeng, Rivian, Li Auto, and Nio, reported record deliveries in Q2. Tesla and BYD achieved record deliveries of their made-in-China EVs. Rivian tripled its EV production and deliveries in Q2, achieving a new all-time high. Li Auto and Nio also reported strong delivery numbers. Despite a challenging macroeconomic environment in China and intense competition, XPeng saw a 27% quarter-on-quarter improvement in deliveries.

Portfolio Pulse from Upwallstreet

July 05, 2023 | 1:29 pm

PLAY

Dave & Buster's Entertainment Inc (NASDAQ:PLAY) has amended its credit agreement, upsizing the Term Loan B facility to $900 million. The amendment will reduce the interest rate margin applicable to term loans and revolving loans by 1.25%. The additional upsize proceeds will be used for general corporate and working capital purposes. PLAY shares are trading lower by 0.20% at $44.50 in premarket on the last check Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 05, 2023 | 1:28 pm

NIO

NIO Inc's shares are trading lower despite Morgan Stanley reiterating an Overweight rating and maintaining a $12 price target. This comes after Nio's shares rallied over 7% in the last week and nearly 28% in the last month. Nio reported a significant increase in vehicle deliveries for June and Q2, and also started ramping up deliveries of its ES8 SUV.

Portfolio Pulse from Adam Eckert

July 05, 2023 | 1:22 pm

AMZN

DIS

NFLX

QQQ

Goldman Sachs has upgraded Netflix (NASDAQ:NFLX) from Sell to Neutral and raised the price target from $230 to $400, citing positive momentum heading into 2024 and 2025. Netflix has outperformed the Nasdaq 100 Index, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), with a 50% increase year to date. However, Goldman Sachs highlighted the escalating global competition in the streaming industry, with Amazon Inc. (NASDAQ:AMZN) and Walt Disney Company (NYSE:DIS) leading in several countries.

Portfolio Pulse from Piero Cingari

July 05, 2023 | 1:22 pm