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Stock Prices

SNAP

Snap Inc's shares fell by 19.14% after reporting Q3 earnings. The company's revenue was $1.07 billion, down 4% YoY but ahead of the Street consensus estimate of $1.05 billion. Snap reported a loss of two cents per share, beating the Street estimate of a loss of four cents per share. Daily active users increased by 14% YoY to 397 million. Despite exceeding estimates, the decline in revenue may concern investors.

Portfolio Pulse from Henry Khederian

July 26, 2023 | 2:42 pm

GSL

NAT

NETI

PANL

UUU

Benzinga Insights has identified five value stocks in the industrials sector based on quantified analysis. These include Eneti (NYSE:NETI), Nordic American Tankers (NYSE:NAT), Universal Security (AMEX:UUU), Pangaea Logistics Solns (NASDAQ:PANL), and Global Ship Lease (NYSE:GSL). The companies have shown varying performance in terms of earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:41 pm

BNRG

Trading of Brenmiller Energy shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:41 pm

ABVC

AURC

DXF

MXL

SIMO

VICR

US stocks traded mixed with Dow Jones gaining around 20 points. Coca-Cola Co reported better-than-expected earnings for its second quarter and raised its FY23 organic revenue growth outlook. Silicon Motion Technology Corporation, ABVC BioPharma, and Vicor Corporation shares rose following positive news. Dunxin Financial Holdings, Aurora Acquisition Corp., and MaxLinear shares fell.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 2:39 pm

JPM

KHC

VTV

U.S. large-cap value stocks have outperformed growth peers in July, with the Vanguard Value ETF (VTV) outperforming the Vanguard Growth ETF (VUG). Financial stocks such as JP Morgan Chase, Bank of America, Wells Fargo, and Charles Schwab have contributed significantly to this rally. Industrials and energy stocks like Caterpillar, General Electric, Chevron, and ConocoPhillips also contributed favorably. The Federal Reserve is expected to announce a rate hike, causing uncertainty. However, some value stocks like Kraft Heinz, Exxon Mobil, and Lockheed Martin have shown resilience in such scenarios.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 2:39 pm

BEPC

CWEN

ENIC

GNE

PAM

Benzinga Insights has identified five value stocks in the utilities sector that may be worth watching: Brookfield Renewable (NYSE:BEPC), Clearway Energy (NYSE:CWEN), Enel Chile (NYSE:ENIC), Genie Energy (NYSE:GNE), and Pampa Energia (NYSE:PAM). The selection is based on a quantified analysis, with a focus on the price-to-earnings (P/E) multiple, earnings per share, and dividend yield.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:38 pm

BNRG

Brenmiller Energy's stock has been halted on a circuit breaker to the upside, with the stock now up by 27.3%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 2:36 pm

BYDDY

TSLA

VWAGY

XPEV

Volkswagen AG (OTC:VWAGY) is investing in Chinese EV manufacturer XPENG Inc (NYSE:XPEV), acquiring a 4.99% stake for roughly $700 million. The two companies will also collaborate on the development of two B-class battery electric vehicles for the Chinese market. This move aligns with Volkswagen's strategy to focus on EVs and battery technology, and puts them in direct competition with BYD Company ADR (OTC:BYDDY), and Tesla Inc (NASDAQ:TSLA).

Portfolio Pulse from AJ Fabino

July 26, 2023 | 2:35 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) opened about 2% lower following reports of the Federal Trade Commission preparing an anti-trust lawsuit aimed at breaking up parts of the company. The news caused Amazon's stock to break down from an inside bar pattern on the daily chart, indicating a bearish trend. The stock fell to the 50-day simple moving average (SMA), where it found support. However, the downtrend remains intact with the most recent lower high and lower low confirmed. The stock has resistance above at $131 and $136.83 and support below at $125.93 and $117.16.

Portfolio Pulse from Melanie Schaffer

July 26, 2023 | 2:33 pm

MELI

A whale investor has taken a bullish stance on MercadoLibre (NASDAQ:MELI), with 58% of investors opening trades with bullish expectations and 41% with bearish. The whale has been targeting a price range from $1150.0 to $1210.0 for MercadoLibre over the last 3 months. B of A Securities downgraded its action to Neutral with a price target of $1350, while Jefferies maintained their Hold rating with a price target of $1300.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:31 pm