Streetbeat News

Stock Prices

BAC

BPTS

CVM

LINK

LIXT

MICS

NMTR

US stocks traded mixed with the Dow Jones gaining around 70 points. Bank of America Corp (BAC) reported better-than-expected Q2 results with a 19% YoY net income growth to $7.4 billion. The Singing Machine Company (MICS), Biophytis S.A. (BPTS), and Interlink Electronics (LINK) saw their shares rise significantly. Meanwhile, 9 Meters Biopharma (NMTR), Lixte Biotechnology Holdings (LIXT), and CEL-SCI Corporation (CVM) saw their shares drop.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 1:51 pm

Morgan Stanley's CFO reported that June saw positive monthly flows into equity markets for the first time since the beginning of the year.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:51 pm

RCAC

Shares of Revelstone Capital Acquisition Corp. have resumed trading.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:51 pm

PIRS

Trading of Pieris Pharmaceuticals shares has resumed.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:50 pm

AZN

BAC

BRK-A

CMCSA

LMT

NVS

TSM

NBCUniversal's Peacock streaming service is raising its subscription prices for the first time since its debut in 2020. Novartis AG has reported Q2 FY23 sales of $13.62 billion, up 7% Y/Y, and is initiating a $15 billion share buyback program. Lockheed Martin Corp reported Q2 FY23 net sales growth of 8.1% Y/Y to $16.69 billion. Morgan Stanley reported Q2 earnings per share of $1.24, beating the consensus of $1.15. Toyota Motor Corporation will provide hydrogen-powered vehicles to test a high-speed hydrogen refueling station in Abu Dhabi. Bank Of New York Mellon Corporation reported a Q2 total revenue increase of 5% Y/Y to $4.45 billion. Bank of America Corp reported Q2 FY23 net income growth of 19% Y/Y to $7.4 billion. AstraZeneca Plc and Sanofi SA's Beyfortus (nirsevimab) for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants has been approved by the FDA. Warren Buffett's Berkshire Hathaway Inc sold 70% of its exposure to Activision Blizzard Inc in the second quarter. Taiwan Semiconductor Manufacturing Company Ltd shares are trading lower Tuesday amid reports that the company will likely report a 27% decline in Q2 net profit. Verizon Communications Inc is launching an investigation to clarify the extent of potential lead contamination probably linked to its aging phone cables.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 1:46 pm

CSX

CSX's short percent of float has fallen 15.84% since its last report, with 17.16 million shares sold short, which is 0.85% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards CSX. However, CSX's short interest as a percentage of float is higher than its peer group average of 0.79%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 1:45 pm

DHI

D.R. Horton's (NYSE:DHI) short percent of float has fallen 13.39% since its last report, with 8.52 million shares sold short, which is 4.27% of all regular shares available for trading. It would take traders 2.29 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 5.71%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 1:45 pm

CSCO

Cisco Systems's (NYSE:CSCO) short percent of float has fallen 7.75% since its last report, with 53.19 million shares sold short, which is 1.31% of all regular shares available for trading. This decrease in short interest could signal 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, Cisco has less short interest, with an average of 6.52% for its peer group.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 1:45 pm

RIG

Transocean (RIG) has seen a significant option alert for January 19 $15 calls. A total of 2089 contracts were traded near the ask price at $0.201, compared to an open interest of 4571 contracts. The reference price for RIG was $8.525.

Portfolio Pulse from Charles Gross

July 18, 2023 | 1:45 pm

EWJ

HMC

NSANY

Sales of Japan's top six carmakers, including Toyota, Nissan, and Honda, have dropped nearly 20% in China in the first half of the year. This is their biggest drop in the world's largest car market since 2012, as the shift to electric vehicles (EVs) accelerates. Nissan was the worst affected with a 24.4% drop, followed by Honda with a 22% drop, while Toyota saw a 2.8% drop. The Japanese carmakers are lagging behind their Chinese rivals in developing EVs.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 1:43 pm