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CNK

JP Morgan analyst David Karnovsky has downgraded Cinemark Hldgs (NYSE:CNK) from Overweight to Neutral and lowered the price target from $21 to $18.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 9:07 am

VGK

The Eurozone Consumer Price Index (CPI) for June has matched estimates, with a month-on-month increase of 0.3% and a year-on-year increase of 5.5%. This is a decrease from the previous month's year-on-year CPI of 6.1%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:03 am

VGK

The Eurozone Core Consumer Price Index (YoY) for June was reported at 5.5%, higher than the estimated 5.4% and the prior 5.3%.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 9:01 am

ASML

GS

JBHT

NFLX

TSLA

Goldman Sachs, ASML Holding, Tesla, J.B. Hunt Transport Services, and Netflix are the stocks to watch heading into Wednesday. Goldman Sachs is expected to post quarterly earnings of $3.18 per share on revenue of $10.84 billion. ASML reported better-than-expected Q2 profit and raised its full-year sales guidance. Tesla is expected to have earned 81 cents per share on revenue of $24.53 billion for the latest quarter. J.B. Hunt Transport reported downbeat Q2 results. Netflix is expected to report quarterly earnings of $2.84 per share on revenue of $8.28 billion.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 8:54 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) has seen a significant recovery this year after a 65% slump in 2022 due to economic impacts of interest rate hikes. Despite supply-chain challenges and inflation, Tesla shares reached a record high of $414.50 on Nov. 4, 2021. However, the stock hit a low of $104.64 on Jan. 3, 2022, due to delivery setbacks and reduced consumer spending. Tesla responded by leveraging its production capabilities to reduce prices, which revitalized volume and reversed the stock's downward trajectory. If an investor had bought Tesla shares at the January low, they would have seen a roughly 300% return. Despite ongoing challenges, analysts remain optimistic about Tesla's long-term prospects.

Portfolio Pulse from Shanthi Rexaline

July 19, 2023 | 8:47 am

RIO

Rio Tinto's Pilbara Iron Ore operations produced 81.3Mt in 2Q23, marking a 3% YoY increase. The company expects 2023 iron-ore shipments to reach the top half of company guidance range. However, Rio downgraded production expectations for Bauxite, Titanium dioxide and refined copper.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 7:24 am

BAC

GS

MS

NFLX

TSLA

The Dow Jones gained for the seventh straight session, with Bank of America and Morgan Stanley shares rising after reporting better-than-expected Q2 results. The CNN Money Fear and Greed index showed improved investor sentiment. Investors are awaiting earnings results from Goldman Sachs, Tesla, and Netflix. The Fear & Greed Index remained in the 'Extreme Greed' zone.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 7:14 am

EWA

Australia's S&P/ASX 200 index gained 0.55% to close at 7,323.70, with the Energy sector showing strong growth. The worst-performing sector was Materials. The AUD/USD exchange rate was down 0.56% to 0.6887.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:50 am

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