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MSFT

Microsoft's shares are trading higher after a report indicated that businesses will be charged $30 per user per month for access to the Copilot AI program.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:52 pm

BAC

MS

SCHW

Major US banks, including Bank of America Corp. (BAC), Morgan Stanley (MS), and Charles Schwab Corp. (SCHW), reported their Q2 earnings, surpassing both earnings and revenue estimates. BAC's EPS was $0.88, exceeding expectations of $0.84, and revenues climbed to $25.2 billion. MS reported EPS of $1.24, surpassing expectations of $1.23, with revenues reaching $13.5 billion. SCHW announced EPS of $0.75, slightly surpassing expectations of $0.75, with revenues of $4.66 billion.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 3:51 pm

MICS

WMT

Singing Machine Company, Inc (NASDAQ:MICS) has launched a new party accessory product line, now available in 866 Walmart Inc (NYSE:WMT) stores nationwide. The new product, the Kids Celebration Microphone, is targeted at the children's party and event market. The product is now available at a retail price of $9.97. Following the announcement, MICS shares are trading higher by 24% at $1.96.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 3:46 pm

FCX

A significant investor has taken a bearish stance on Freeport-McMoRan (NYSE:FCX), with 80% of recent trades being bearish. The price target for the company over the last 3 months has been between $25.0 to $42.0. The company's stock price is currently up 0.27% at $40.57. Bernstein and Citigroup have downgraded their ratings to Market Perform and Neutral respectively, while Morgan Stanley maintains an Equal-Weight rating.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:46 pm

BX

A significant bullish stance on Blackstone (NYSE:BX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $50.0 to $100.0 for Blackstone over the last 3 months. The price of BX is up 1.24% at $105.68. Morgan Stanley, Wells Fargo, and Barclays have maintained their Overweight and Equal-Weight ratings on Blackstone with price targets of $116, $104, and $101 respectively.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:45 pm

PFE

Pfizer, Inc. (NYSE:PFE) and Flagship Pioneering have agreed to invest $100 million in developing ten single-asset programs targeting diseases with limited treatment options. Each company will invest $50 million upfront. Pfizer will fund and have the option to acquire each selected development program. Flagship and its bioplatform companies could receive up to $700 million in milestones and royalties for each successfully commercialized program.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 3:43 pm

SHOP

Shopify's stock has been downgraded from Outperform to In-Line by Evercore ISI Group, which also set a price target of $69. This has led to a decrease in Shopify's share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:42 pm

PLD

Prologis reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:38 pm

TTD

The Trade Desk's stock has been downgraded from Neutral to Sell by New Street Research with a price target of $69. Redburn Partners also initiated coverage on the stock with a Sell rating and a price target of $34.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:37 pm

BK

Bank of New York Mellon reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:36 pm