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PUMP

Benchmark analyst Kurt Hallead has upgraded ProPetro Holding (NYSE:PUMP) from Hold to Buy.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:22 am

PTEN

Benchmark analyst Kurt Hallead has upgraded Patterson-UTI Energy (NASDAQ:PTEN) from Hold to Buy.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:21 am

HP

Benchmark analyst Kurt Hallead has upgraded Helmerich & Payne (NYSE:HP) from Hold to Buy.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:21 am

DIA

GOOGL

GS

TSLA

Investor optimism is improving as the Dow rises for the seventh straight session. Australia's securities regulator cancels the license of FTX's local arm. Robert F. Kennedy Jr. proposes backing the dollar with Bitcoin and eliminating capital gains taxes on it. Google plans an internet detox for employees to bolster cyber defenses. TikTok prepares to fight Spotify and Apple Music. Tesla analyst says Q2 margin shrinkage shouldn't be an issue for the stock. Goldman Sachs is likely to report a sharp decline in Q2 earnings.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 10:16 am

NNDM

SSYS

Stratasys board has unanimously rejected Nano Dimension's revised partial tender offer of $25.00 per share. The board is urging shareholders not to tender their shares, to withdraw any shares that have already been tendered, and to file a notice of objection.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 10:07 am

AUR

Aurora Innovation has announced plans to sell $600 million worth of stock in a private placement, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:55 am

PNFP

Pinnacle Financial Partners Inc (NASDAQ:PNFP) reported Q2 2023 revenues of $489.2 million, up 25.4% Y/Y, beating the consensus of $414.9 million. Net interest income rose 19.2% Y/Y to $315.4 million. Noninterest income grew 38.5% Y/Y to $173.8 million. The company's Board of Directors approved a quarterly cash dividend per share of $0.22. PNFP shares closed higher by 5.61% at $64.72 on Tuesday.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 9:49 am

BAC

BK

GS

MS

NFLX

TSLA

The S&P 500 closed higher on Tuesday, following strong earnings reports from Bank of America, Morgan Stanley, and Bank of New York Mellon. The Dow also saw gains, settling at its strongest level since April 2022. Major companies including Tesla, Goldman Sachs, and Netflix are scheduled to release earnings. The Nasdaq 100 also gained, with Netflix and Tesla shares contributing to the rise. The CBOE Volatility Index fell 1.3%.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 9:30 am

TSLA

Owuraka Koney, a Wall Street veteran, remains bullish on Tesla Inc. (NASDAQ:TSLA) despite the company's 14,800% gain. Koney, who convinced his colleagues at Jennison Associates to invest in Tesla at an early stage, believes the company still has significant room for growth. He anticipates a surge of new cars in the coming years and expects the auto industry to undergo massive consolidation. Koney projects that by 2026, Tesla could be producing twice the two million cars it's expected to deliver this year.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 9:28 am

ASML

ASML Holding reported positive Q2 results but issued a cautious Q3 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:16 am