Streetbeat News

Stock Prices

EWJ

Japan's Nikkei 225 index closed 1.24% higher at 32,896.03, led by gains in marine transportation, securities house, and transportation equipment shares. The USD/JPY exchange rate also rose by 0.55% to 139.59.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:44 am

GS

Goldman Sachs Group, Inc. (NYSE:GS) is expected to report a sharp decline in its Q2 earnings, with analysts predicting earnings of $3.18 per share, down from $7.73 per share a year ago. The company's revenue is expected to be around $10.84 billion. Despite this, Goldman Sachs shares rose 3.1% to close at $337.27 on Tuesday. Several analysts have recently adjusted their price targets for the company, with the majority maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 6:21 am

EWU

The United Kingdom's Producer Price Index Input for June has decreased by 1.3%, which is more than the estimated decrease of 0.3%. The previous month's decrease was 1.2%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:03 am

EWU

The United Kingdom's Consumer Price Index (CPI) for June came in at 0.1% month-on-month, lower than the estimated 0.4% and the prior 0.7%. The year-on-year CPI for June was 7.9%, also lower than the estimated 8.2% and the prior 8.7%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:01 am

EWA

EWJ

FXI

Asian markets showed mixed results with Chinese markets down due to poor economic conditions, while Japan and Australia gained on US earnings and retail data. The US Dollar rose 0.09% during the Asian session.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:47 am

F

RIVN

TSLA

Tesla's Cybertruck, which recently rolled off the production line, is expected to be priced competitively against Ford's F-150 Lightning and Rivian's electric pickup. Ford recently announced a price reduction for its F-150 Lightning, seen as a move to stay ahead of Tesla's imminent pricing announcement. Analysts predict the basic model of the Cybertruck could start under $50,000, based on Elon Musk's comments about the Ford Lightning being 'somewhat expensive'. Tesla is expected to provide updates on Cybertruck production, pricing, and deliveries during its upcoming earnings call.

Portfolio Pulse from Chris Katje

July 19, 2023 | 5:23 am

ASML

ASML Holding has projected its Q3 sales to be between €6.5 billion and €7.0 billion, with a gross margin of approximately 50%. The company also anticipates R&D costs of around €1.0 billion and SG&A costs of about €285 million. Despite increased uncertainties, ASML expects strong growth for 2023, with a net sales increase of around 30% and a slight improvement in gross margin compared to 2022.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:17 am

ABOS

Acumen Pharmaceuticals has increased its previously announced offering from $100M to $130M, pricing 16,774,193 shares at $7.75 per share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 5:09 am

ARGX

argenx has raised approximately $1.1 billion in gross proceeds from a global offering. The company sold 1,580,981 ADSs at a price of $490.00 per ADS and 663,918 ordinary shares at a price of €436.37 per ordinary share.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:52 am

WDS

Woodside Energy reported 2Q23 revenue of $3.084 billion, a 10% YoY decrease, and a quarterly production of 44.5 MMboe, a 5% sequential decrease. The decline in production and sales volume, which was 48.4 MMboe, was due to planned maintenance activities and lower realized prices. The company's full-year production guidance remains unchanged at 180–190 MMboe.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:43 am