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EA

Truist Securities analyst Matthew Thornton has reiterated a Buy rating on Electronic Arts Inc. (NASDAQ:EA), raising the price target to $150 from $138. The analyst is optimistic about the company's long-term games pipeline and M&A optionality. Based on pipeline strength, the analyst raised the bookings outlook for Q1. EA shares are currently trading lower by 0.22% to $137.91.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 6:37 pm

BPTS

ICAD

LIXT

LMT

MASI

MICS

NMTR

US stocks traded higher with the Nasdaq Composite gaining over 100 points. Lockheed Martin Corp reported better-than-expected Q2 earnings with net sales growth of 8.1% YoY to $16.69 billion. The Singing Machine Company, Biophytis S.A., and iCAD, Inc. saw their shares rise after various positive announcements. However, 9 Meters Biopharma, Lixte Biotechnology Holdings, and Masimo Corporation saw their shares drop due to various negative developments.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 6:33 pm

TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 10 years, producing an average annual return of 11.51%. If an investor had bought $1000 of TEL stock 10 years ago, it would be worth $2,962.58 today.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:30 pm

BHP

BHP Group Inc. (NYSE:BHP) has seen its shares rise by 3.87% over the past three months. The company's total debt stands at $46.58 billion, with long-term debt at $40.16 billion and current debt at $6.42 billion. After adjusting for $10.32 billion in cash-equivalents, the net debt is $36.26 billion. BHP Group's total assets amount to $118.95 billion, resulting in a debt-ratio of 0.39. Debt is a crucial factor in a company's capital structure and can help it achieve growth.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 6:30 pm

CABA

Guggenheim Securities has initiated coverage of Cabaletta Bio Inc (CABA) with a Buy rating and a price target of $34. The positive outlook is based on the development of its CD19 CAR-T cell therapy CABA-201, currently in development for lupus and myositis. The company has successfully pivoted to treating a new disease using a well-established approach. CABA shares are up 11.90% at $13.99.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 6:28 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) shares rose after the company announced a new AI service, Copilot, for Microsoft 365. The service will provide enterprise customers with a generative AI assistant across their Microsoft 365 programs for an additional $30 per month. The company also updated Bing Chat, its AI chatbot. Microsoft's recent $10 billion investment in OpenAI could significantly increase its revenues and potential dividends for investors. To earn $500 per month from Microsoft dividends, an investment of about $759,493.67, or about 2,078 shares, would be needed.

Portfolio Pulse from AJ Fabino

July 18, 2023 | 6:27 pm

SEDG

Barclays has maintained an Overweight rating on SolarEdge Technologies but lowered its price target from $390 to $359. This has led to a decrease in the trading price of SolarEdge shares.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:23 pm

BAC

C

JPM

MS

WFC

Bank of America, Citigroup, Wells Fargo, JPMorgan Chase, and Morgan Stanley all reported Q2 earnings that largely beat estimates, driven by higher net interest income due to increased interest rates. However, the market response was muted, and all banks increased their provisions for anticipated losses, indicating a cautious outlook.

Portfolio Pulse from Upwallstreet

July 18, 2023 | 6:20 pm

MDB

MongoDB has announced an expansion of its multiyear strategic partnership with Microsoft by integrating the Atlas application into Azure. This has led to a rise in MongoDB's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:19 pm

ARGX

Argenx shares are trading higher after multiple firms raised their respective price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:17 pm