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JBLU

Traders are circulating an Activist Insight post suggesting that an activist investor is considering investing in JetBlue Airways.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:00 pm

CVNA

An option alert has been issued for Carvana (CVNA) for January 19 $100 calls. The alert indicates 200 calls at the ask price of $6.5, compared to an open interest of 16679. The reference price is $51.6.

Portfolio Pulse from Charles Gross

July 19, 2023 | 1:58 pm

AMRN

AQMS

CVNA

GS

PBLA

SEV

SMX

US stocks traded higher with the Dow Jones gaining over 100 points. Goldman Sachs reported weaker-than-expected Q2 earnings with a 60% Y/Y plunge in EPS. SMX shares rose 39% after receiving a notice of allowance for its US patent application. Panbela Therapeutics shares rose 37% after divesting certain assets for $9.5 million. Carvana shares rose 28% after reporting better-than-expected Q2 sales. Sono Group shares dropped 33% after receiving a notice of delisting from Nasdaq. Amarin Corporation shares were down 22% after initiating an organizational restructuring program. Aqua Metals shares fell 22% after pricing a $17.4 million public offering.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:58 pm

FOX

FOXA

FOX News Digital has posted year-over-year growth for the second quarter of 2023, leading news brands in multiplatform minutes and views. The brand also saw a 19% increase in average unique visitors for the quarter. FOX News remained the most engaged brand on social media, with 90.4 million total social interactions. FOXBusiness.com surpassed CNN Business and Forbes.com in multiplatform views, with 454 million views. The business network also delivered 840 million multiplatform minutes and averaged 23.4 million multiplatform unique visitors during the second quarter.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:57 pm

AAL

UAL

American Airlines Group Inc's pilot union has reportedly informed the company that its new contract deal is in jeopardy due to United Airlines Holdings Inc's superior deal. American pilots will vote next week on a new four-year contract that includes a 42% pay raise and other benefits. However, the union claims that United's deal will result in at least a 2% pay gap between United and American pilots.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 1:57 pm

AFRM

M Science has released a note suggesting that Affirm Holdings' business with Amazon and Shopify is gaining momentum.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:54 pm

BKR

Baker Hughes Co (NASDAQ:BKR) reported Q2 FY23 revenue of $6.32 billion, a 25.1% increase YoY, beating the consensus of $6.26 billion. Orders grew by 28% YoY to $7.5 billion, driven by an increase in IET and OFSE segments. Adjusted EPS was $0.39, beating the consensus of $0.33. The company expects Q3 FY23 revenue of $6.4 billion-$6.5 billion and FY23 revenue of $24.8 billion-$26 billion. BKR shares are trading higher by 0.97% at $35.38.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 1:53 pm

AUR

Aurora announced the pricing of a $220 million upsized public offering of Class A common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:53 pm

AUR

Aurora Innovation Inc (NASDAQ:AUR) plans to sell $600 million worth of stock in a private placement, causing its shares to fall by 5.4%. The company will issue 222,222,216 shares of Class A common stock at $2.70 per share. The private placement is expected to close on July 21.

Portfolio Pulse from Henry Khederian

July 19, 2023 | 1:51 pm

CVNA

Carvana Co (NASDAQ:CVNA) reported better-than-expected Q2 results and issued positive guidance, leading to a rise in its stock. The company also entered into a distribution agreement for an offering of up to $1 billion of its common stock. Carvana reported Q2 revenue of $2.97 billion, beating estimates of $2.59 billion. The company also guided for positive adjusted EBITDA in Q3. Carvana has also entered into an agreement with noteholders to reduce total debt, extend maturities and lower near-term cash interest expenses.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 1:51 pm