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ABOS

FFIE

GDS

LITE

MASI

NKLA

SYF

Several stocks recorded losses in Tuesday's pre-market trading session. Masimo Corporation shares dipped 27.3% after reporting weak preliminary revenue results for Q2. Acumen Pharmaceuticals tumbled 9.5% after reporting a proposed public offering of common stock. Lumentum Holdings, GDS Holdings, Faraday Future Intelligent Electric, Nikola Corporation, and Synchrony Financial also saw declines.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 10:46 am

BAC

Bank of America's Q2 sales have surpassed estimates, reporting $25.33B against the expected $25.05B.

Portfolio Pulse from Bill Haddad

July 18, 2023 | 10:46 am

BLK

TSLA

Cathie Wood sold over $13M worth of Tesla shares and continued buying Meta Platforms stock. The Fear & Greed Index remains in 'Extreme Greed' zone after Dow gains for the sixth consecutive session. Google's new AR game could potentially rival Pokemon Go. Tesla's new venture xAI is in the spotlight. Ford is concerned about Tesla's Cybertruck, leading to a price slash for F-150 Lightning. Fisker joins Tesla and BYD in the battle for India's EV market. Jack Dorsey's Block is building a sci-fi inspired crypto wallet. BlackRock faces criticism for 'ESG facade' after naming Saudi Aramco chief to board.

Portfolio Pulse from Akanksha Bakshi

July 18, 2023 | 10:45 am

EEMA

EWU

EZU

FLAX

SPY

On Monday, July 17, Wall Street closed higher with gains in financial and technology shares. Asian markets showed mixed results with Japan's Nikkei 225 closing higher, while Australia's S&P/ASX 200, Shanghai Composite, and Hang Seng index in Hong Kong slipped. Eurozone and commodities were trading higher. U.S. futures showed mixed results, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

July 18, 2023 | 10:40 am

PII

Raymond James analyst Joseph Altobello has downgraded Polaris (NYSE:PII) from Strong Buy to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 10:33 am

NLTX

Neurogene and Neoleukin Therapeutics have entered into a definitive merger agreement. The combined company will operate under the name Neurogene Inc. and trade on the Nasdaq Capital Market under the ticker symbol 'NGNE'. Neoleukin will issue shares to pre-merger Neurogene stockholders in exchange for the cancellation of shares of Neurogene, making Neurogene a wholly owned subsidiary of Neoleukin.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 10:32 am

DOGEUSD

Elon Musk, known for his influence on the price of Dogecoin (CRYPTO: DOGE), responded to a Twitter user's question about his preference between dogs and cats with a single word: 'Doges'. Despite Musk's history of tweets causing significant price movements in DOGE, his latest tweet did not have any significant impact on the coin's price, which was trading at $0.06, down 1.32% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 10:30 am

ATRO

Astronics Corp (NASDAQ:ATRO) reported above-consensus Q2 preliminary revenue results, expecting revenues to be $170 million-$175 million, above the consensus of $167.08 million. The company also disclosed Q2 preliminary orders of around $200 million-$205 million, including a $9.6 million production order for the U.S. Marine Corps. The company's shares are trading higher by 3.02% at $19.11 premarket.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 10:25 am

IRT

BMO Capital analyst John Kim has downgraded Independence Realty Trust (NYSE:IRT) from Outperform to Market Perform and set a price target of $19.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 10:22 am

RIVN

TSLA

Jim Cramer, host of CNBC’s Mad Money, has expressed skepticism about Ford's decision to cut the price of its F-150 Lightning electric pickup truck by 17%. He attributes this to the diminishing novelty of electric vehicles and raises concerns about a potential cost-cutting spiral. He also noted that prospective buyers are exploring options from other EV makers such as Tesla, Rivian, and General Motors. Cramer also criticized the timing of Ford's price cuts, which coincided with Tesla's announcement of producing its first Cybertruck.

Portfolio Pulse from Shanthi Rexaline

July 18, 2023 | 10:21 am