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T

AT&T Inc (NYSE:T) shares are trading higher after a significant drop due to a downgrade from Citigroup. The downgrade was due to potential risks related to lead sheathed cables. Despite this, options traders are making bullish bets on AT&T ahead of its upcoming earnings report. The company is set to report second-quarter financial results on July 26.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 2:50 pm

WFC

Wells Fargo & Co (NYSE:WFC) shares are trading higher by 1.2% to $45.28 on Tuesday morning, following better-than-expected Q2 results last week. The stock is also gaining amid positive earnings results from peer banks, including Bank of America, which reported a 19% YoY net income growth for Q2 of FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 2:49 pm

JPM

A new report by JP Morgan Chase (NYSE:JPM) reveals that the median American now has more money in their bank account than before the pandemic, even when adjusting for inflation. However, account balances are at their lowest point in over three years, indicating a return to pre-pandemic levels. J.P. Morgan's shares have climbed almost 5% in the last five trading sessions and 2.4% on Monday alone, following better-than-expected quarterly results. The report also shows that median cash balances for all income groups were 10 to 15 percent higher by the end of March 2023, compared to March 2019.

Portfolio Pulse from Natan Ponieman

July 18, 2023 | 2:49 pm

BWA

ON

ON Semiconductor Corp (ON) has signed a deal with BorgWarner Inc (BWA) to expand their strategic collaboration for silicon carbide (SiC) for a total lifetime deal value of over $1 billion. BWA plans to integrate ON's EliteSiC 1200 V and 750 V power devices into their VIPER power modules. ON will offer high-performance EliteSiC technology supporting the EV traction market and successful adoption in high-volume automotive applications.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 2:49 pm

IWM

UPST

Upstart Holdings Inc’s (NASDAQ:UPST) stock traded up by about 3% on Tuesday morning, following a strong Monday where it traded higher by more than 10%. The stock has increased by more than 200% in the last six months. The stock is also trading higher amid overall strength in small-caps. The iShares Russell 2000 ETF (NYSE:IWM), which tracks 2000 of small-cap companies in the United States, was outperforming all major indices Tuesday morning.

Portfolio Pulse from Aaron Bry

July 18, 2023 | 2:49 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are moving higher on Tuesday following a successful launch of seven satellites for NASA, Space Flight Laboratory, and Spire Global. The company also successfully completed an ocean splashdown and recovery of the rocket's first stage, advancing its goal of designing the world's first reusable small rocket. Over the past five days, RKLB has traded more than 17% higher and nearly 30% higher over the past month.

Portfolio Pulse from Erica Kollmann

July 18, 2023 | 2:47 pm

ALGN

Align Tech's (NYSE:ALGN) short percent of float has risen 8.6% since its last report, with 2.73 million shares sold short, which is 4.04% of all regular shares available for trading. It would take traders 4.08 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 5.29%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:46 pm

IR

Ingersoll Rand's (NYSE:IR) short percent of float has fallen 6.9% since its last report, with 4.97 million shares sold short, which is 1.62% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Ingersoll Rand has less short interest as a percentage of float, with an average of 3.58%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:45 pm

MAR

Marriott Intl's (NYSE:MAR) short percent of float has fallen 17.67% since its last report, with 4.74 million shares sold short, which is 2.05% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Marriott has less short interest, with an average of 7.88% for its peer group.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:45 pm

AN

CURV

DBGI

LEN

MHO

The article lists five value stocks in the consumer cyclical sector that may be undervalued. These include Torrid Holdings (NYSE:CURV), AutoNation (NYSE:AN), M/I Homes (NYSE:MHO), Lennar (NYSE:LEN), and Digital Brands Group (NASDAQ:DBGI). The companies' earnings per share for Q1 have been reported, with some experiencing increases and others decreases compared to Q4.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:43 pm