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AAPL

MSFT

QQQ

Microsoft Inc’s (NASDAQ:MSFT) stock traded lower on Wednesday following reports of Apple (NASDAQ:AAPL) working on AI tools that could compete with those of OpenAI. Microsoft's stock could also be experiencing a pullback after hitting all-time highs on Tuesday. The company recently announced an aggressive pricing plan for its AI-powered Microsoft Office tools. The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) was in the red, while the S&P 500 and Dow Industrial remained in the green.

Portfolio Pulse from Aaron Bry

July 19, 2023 | 7:46 pm

AWK

American Water Works Inc. (NYSE:AWK) has seen its shares fall by 4.98% in the past three months. The company's total debt stands at $11.33 billion, with net debt at $11.11 billion after adjusting for cash-equivalents. The company's debt ratio is 0.4, indicating a moderate level of financial leverage. Debt is an important factor in a company's capital structure and can contribute to its growth.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:45 pm

FYBR

T

Fyber Communications' shares are trading higher in sympathy with AT&T following AT&T's announcement 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 | 7:41 pm

OMC

Omnicom Group reported worse-than-expected Q2 sales results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 7:37 pm

WAL

Western Alliance Bancorporation (WAL) shares are trading higher by 7.08% after Wedbush maintained an Outperform rating on the stock and raised its price target from $45 to $50. This comes despite the company reporting worse-than-expected Q2 results and a drop in net interest margin. Bank stocks are generally trading higher following strong earnings from multiple companies in the sector.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 7:35 pm

DXCM

DexCom's shares are trading lower without any apparent news to justify the price action.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 7:32 pm

SPY

The market on close imbalance is leaning towards the buy-side with $627M. This could potentially impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 7:32 pm

CAT

A significant investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 81% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $210.0 to $290.0 for Caterpillar over the last 3 months. DA Davidson downgraded its action to Neutral with a price target of $263, while Citigroup maintained their Neutral rating on Caterpillar, with a price target of $270.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:31 pm

VMW

A significant bullish stance has been taken on VMware (NYSE:VMW) as indicated by unusual options activity. The sentiment among these big-money traders is split between 70% bullish and 29% bearish. The whales have been targeting a price range from $120.0 to $212.6 for VMware over the last 3 months. The price of VMW is currently up 5.32% at $166.91.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 7:31 pm

CVNA

GME

Carvana Co (NYSE:CVNA) reported Q2 revenue of $2.97 billion, beating analyst estimates, and announced an offering of up to $1 billion. The stock soared over 30%, with Jim Cramer likening the situation to GameStop (NYSE:GME) due to high short interest. Carvana also announced an agreement to reduce total debt, extend maturities, and lower near-term cash interest expenses.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 7:28 pm