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DWAC

SPY

The trial date for the case involving classified documents related to former President Trump has been set for May 20, 2024. The outcome of this case could potentially impact the stock performance of Digital World Acquisition Corp. (DWAC) and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:32 pm

PTON

Peloton has reduced the price of its Tread and Row devices by $500 and $200 respectively. The new prices are not sale prices but permanent ones. The price of the Peloton Bike, Bike+, and Guide remains unchanged. Customers who purchased the Tread or Row in the last 30 days can reach out to Peloton for a price match. The price drop is effective in the US and Canada. This is the first price change for the Tread in nearly a year and the third since Barry McCarthy became CEO. No reason was given for the price changes.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:29 pm

GOOG

GOOGL

MSFT

Alphabet Inc's Google stock is trading higher amid reports of co-founder Sergey Brin increasing his involvement in the company's AI research. Brin is actively participating in meetings about AI and working closely with researchers developing Google's AI model, Gemini. His involvement is viewed positively by researchers. Brin's return coincides with the release of ChatGPT, an AI chatbot by Microsoft-backed OpenAI, which prompted Google to accelerate product development.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 1:27 pm

SPY

USO

UAE Energy Minister has expressed no concerns about oil demand, but sees investment in capacity as the biggest challenge. He also mentioned that there is a mechanism to monitor Russian oil output, which will be developed with OPEC HQ. He believes that the current OPEC+ actions are sufficient for the oil market.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:23 pm

SXT

Sensient Technologies Corporation reported Q2 revenues of $374.31 million, missing estimates of $382.62 million. The company's EPS of $0.81 also fell short of the expected $0.88. Sensient has lowered its FY23 EPS outlook, expecting it to be down by high single digits compared to $3.34 in FY22. Despite the missed estimates, SXT shares are trading higher by 1.99% to $67.99 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 1:21 pm

CBRL

VFC

The most accurate Wall Street analysts have recommended holding three high-yielding consumer stocks: Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), V.F. Corporation (NYSE:VFC), and Foot Locker, Inc. (NYSE:FL). These stocks have dividend yields of 5.32%, 5.87%, and 6.13% respectively. Recent news for these companies include leadership changes and financial results.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 1:13 pm

CHEA

Trading of Chenghe Acquisition Corp. (CHEA) shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:11 pm

SLB

Schlumberger N.V. (NYSE:SLB) reported a Q2 FY23 revenue increase of 19.6% YoY to $8.10 billion, missing the consensus of $8.22 billion. Adjusted EPS increased 44% YoY to $0.72, beating the consensus of $0.71. The company also repurchased ~4.5 million shares at an average price of $47.33 per share for a total purchase price of $213 million. Despite these results, SLB shares are trading lower by 2.57% at $55.79 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 1:07 pm

IPG

SIFY

Several communication services stocks experienced significant movement in Friday's pre-market session. Sify Technologies, Takung Art, Kuke Music Hldg, trivago, Treasure Global, and Cineverse saw gains, while Interpublic Group of Cos, Sirius XM Holdings, iClick Interactive Asia, Lytus Technologies Hldgs, CuriosityStream, and Snail experienced losses. Sify's Q1 earnings report and Interpublic Group's Q2 earnings were released recently.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 1:06 pm

BFRI

FRTX

MRTX

QNRX

During Friday's pre-market session, several healthcare stocks experienced significant movement. Fresh Tracks Therapeutics (FRTX), Quoin Pharmaceuticals (QNRX), LENSAR (LNSR), T2 Biosystems (TTOO), Emergent BioSolutions (EBS), and Qualigen Therapeutics (QLGN) saw increases in their stock prices. Conversely, Biofrontera (BFRI), Mirati Therapeutics (MRTX), MSP Recovery (LIFW), Ainos (AIMD), Kiora Pharmaceuticals (KPRX), and Eliem Therapeutics (ELYM) experienced declines.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 1:06 pm