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ARKK

SPY

Cathie Wood, CEO of ARK Investment Management, predicts that the U.S. will reach 2% inflation sooner than expected. This could impact the performance of ARK's ETFs, including ARKK, and the broader market, represented by SPY.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:24 pm

SHOP

Evercore ISI Group analyst Mark Mahaney has downgraded Shopify (NYSE:SHOP) from Outperform to In-Line and set a price target of $69.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:17 pm

FBK

FB Financial (NYSE:FBK) reported Q2 earnings of $0.77 per share, beating the analyst consensus estimate of $0.65 by 18.46%. However, the company's quarterly sales of $125.70 million missed the analyst consensus estimate of $128.28 million by 2.01%. This represents a 9.09% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:17 pm

LMT

A significant bullish stance has been taken on Lockheed Martin (NYSE:LMT) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $425.0 to $490.0 for Lockheed Martin over the last 3 months. The price of LMT is up 1.22% at $469.98, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:15 pm

ATVI

BRK.A

Berkshire Hathaway Inc has reported a 1.9% passive stake in Activision Blizzard Inc as of June 30, 2023, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:15 pm

BRDS

Bird Global, Inc. (NYSE:BRDS) has received confirmation from NYSE of its compliance with the $1.00 share price listing requirement. The company has submitted a business plan to NYSE detailing actions taken to comply with market capitalization and stockholders' equity listing standards. Pending NYSE's acceptance, Bird's Class A common stock will continue to be listed and traded on NYSE.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:10 pm

CVM

CEL-SCI Corporation (NYSE:CVM) has announced its intention to sell shares of its common stock in an underwritten public offering. The company also plans to grant the underwriter a 45-day option to purchase up to an additional 15% of the number of shares sold in this offering to cover over-allotments. The proceeds from this offering will be used to fund the continued development of Multikine and for general corporate purposes. ThinkEquity is acting as sole book-running manager for the offering.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 8:07 pm

PINS

Evercore ISI has upgraded Pinterest (PINS) to 'Outperform'.

Portfolio Pulse from Bill Haddad

July 17, 2023 | 8:06 pm

IKT

Inhibikase Therapeutics has regained compliance with Nasdaq listing requirements, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:05 pm

ARGX

argenx has announced the launch of a proposed global offering of $750 million of ordinary shares. The company plans to use the net proceeds from the offering for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 8:03 pm