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MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower after the company announced a commercial EV launch event to celebrate the completed production of the first Class 3 vehicles. The event will be held on Aug. 24 at Mullen's commercial assembly plant in Tunica, Mississippi.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 4:37 pm

UAL

United Airlines' shares are trading higher after several firms increased their price target on the stock following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:34 pm

SLB

Stephanie Link announced on CNBC that she has purchased more shares of Schlumberger (SLB).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:32 pm

COF

A large investor has taken a bullish stance on Capital One Financial (NYSE:COF), with 72% of big-money traders also bullish. The overall sentiment is based on 11 uncommon options trades, with 9 puts and 2 calls. Whales have been targeting a price range from $100.0 to $115.0 for Capital One over the last 3 months. Wells Fargo, Jefferies, Citigroup, Morgan Stanley, and Stephens & Co. have maintained their ratings on Capital One, with price targets ranging from $87 to $130.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 4:31 pm

AXP

Stephanie Link announced on CNBC that she has purchased more shares of American Express (AXP).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 4:30 pm

FPH

Five Point Holdings reported a year-over-year increase in Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:23 pm

BJDX

Bluejay Diagnostics has announced that its board has approved a 1-for-20 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:23 pm

LSXMA

QQQ

QQQM

SIRI

SiriusXM Holdings Inc (SIRI) experienced a nearly 66% surge in share prices due to a short squeeze, attracting the attention of meme stock investors. However, the stock later retreated following analyst downgrades from Deutsche Bank and Seaport Research. The surge was attributed to high short interest and preemptive buying driven by the impending NASDAQ 100 rebalance, tracked by the Invesco NASDAQ 100 ETF (QQQM). The NASDAQ-100 rebalancing may have triggered the buying of about 15 million SiriusXM shares by the Invesco QQQ Trust (QQQ). Some also attribute the stock’s sudden surge to investors unwinding a trade where they were long shares of Liberty Media Corp Series A (LSXMA), a stock created by Liberty Media which tracks, and shorts SiriusXM.

Portfolio Pulse from AJ Fabino

July 21, 2023 | 4:22 pm

BIO

Bio-Rad Laboratories has announced a $500 million share repurchase program, causing its shares to trade higher. In addition, Evelo Biosciences has terminated its sublease agreement with Bio-Rad and agreed to make a termination payment.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:20 pm

BTM

Bitcoin Depot Inc (NASDAQ:BTM) shares are rising after the company reported preliminary Q2 results and provided 2023 guidance. The company expects Q2 revenues of $196 million-$198 million, an increase of 17%-18% Y/Y. For 2023, BTM expects revenue of $700 million-$730 million, growth of 8%-13% Y/Y, and adjusted EBITDA of $56 million-$59 million, up 37%-44% Y/Y. The company will release Q2 results on August 14, 2023.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 4:18 pm