Streetbeat News

Stock Prices

BAC

Bank of America Corp (BAC) shares are trading higher by 1.47% following the company's better-than-expected Q2 results. The bank reported a YoY net income growth of 19%, reaching $7.4 billion, and an EPS of 88 cents, surpassing the consensus estimate of 84 cents. Revenue also increased by 11% YoY, reaching $25.33 billion, beating the analyst consensus estimate of $25.05 billion.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 2:27 pm

BLUE

Bluebird Bio's stock has been upgraded from Neutral to Buy by B of A Securities, which also raised its price target from $6 to $10.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:27 pm

AAPL

U

Unity Software Inc (NYSE:U) shares are trading higher following the launch of a beta program for visionOS, an operating system for the Apple Vision Pro headset. The company had previously announced a collaboration with Apple Inc (NASDAQ:AAPL) for the headset. Unity's apps and games will run natively on Apple Vision Pro, taking full advantage of its features.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 2:26 pm

BTCUSD

ETHUSD

A digital wallet associated with the Kraken cryptocurrency exchange has transferred over 61,000 Ether (ETH), worth over $116 million, that was acquired during the initial coin offering (ICO) eight years ago. The transfer could indicate plans to sell the tokens, stake them on an exchange, or diversify into other tokens. This follows a trend of old wallets transferring large amounts of Bitcoin (BTC) or Ether to exchanges this year.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 2:25 pm

VZ

Verizon shares are trading higher in sympathy with AT&T after AT&T announced that less than 10% of its nationwide copper-wire telecom network has lead-clad cables. This is in response to a story from last week.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:24 pm

GS

Goldman Sachs' CFO has reported strong growth in the company's deposit platform during a conference call.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:23 pm

CVNA

FYBR

HROW

T

Several US stocks recorded gains, with Carvana Co. (NYSE:CVNA) shares climbing 32.3% after reporting better-than-expected Q2 sales and positive adj. EBITDA guidance for Q3. The company also entered into a distribution agreement with Citigroup and Moelis for an offering of up to $1 billion of class A common stock. Other notable gainers include Frontier Communications Parent, Inc. (NASDAQ:FYBR), Harrow Health, Inc. (NASDAQ:HROW), and AT&T Inc. (NYSE:T).

Portfolio Pulse from Lisa Levin

July 19, 2023 | 2:23 pm

LUMN

T

Lumen shares are trading higher in sympathy with AT&T after AT&T announced that less than 10% of its nationwide copper-wire telecom network has lead-clad cables. This is in response to a story from last week.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:22 pm

STZ

Constellation Brands has entered a cooperation and information sharing agreement with Elliott Management, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:20 pm

SCHW

Charles Schwab's shares are trading higher following the company's better-than-expected Q2 financial results and guidance. Several firms have also raised their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:20 pm