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BLDR

CNK

DPZ

MHO

UBER

Five of Wall Street's most accurate analysts have made new stock picks. Zachary Fadem from Wells Fargo maintained an Equal-Weight rating on Domino's Pizza (DPZ) and sees a 3% downside. Seldon Clarke from Deutsche Bank maintained a Buy rating on Builders FirstSource (BLDR) and sees a 16% upside. Eric Wold from B. Riley Securities upgraded Cinemark Holdings (CNK) to Buy and sees a 48% upside. Justin Post from B of A Securities maintained a Buy rating on Uber Technologies (UBER) and sees a 14% upside. Jay McCanless from Wedbush maintained an Outperform rating on M/I Homes (MHO) and sees a 17% surge.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 10:50 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) is set to launch a mix of satellites for NASA and commercial satellite operators in a mission called 'Baby Come Back'. This will be Rocket Lab's seventh Electron launch of 2023 and its second recovery mission this year. The company will also release its Q2 financial results on August 8. RKLB shares are trading higher by 1.90% to $6.44 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 10:50 am

BABA

Alibaba Group Holding Limited's stock is trading lower as China's Q2 GDP missed consensus estimates, growing by 6.3% YoY compared to the expected 7.3%. The company has had a turbulent year with plans to split into six independent entities, a leadership overhaul, and the end of government scrutiny on its fintech affiliate, Ant Group. Alibaba's shares traded lower by 0.93% at $93.68 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 10:50 am

HMRZF

HNNMY

Hennes & Mauritz AB (H&M) plans to expand its presence in Latin America by launching online and offline stores in Brazil by 2025. The company will initially enter major cities in Southeast Brazil in partnership with Dorben Group. H&M has been present in Latin America since 2012 and currently operates in several countries including Mexico, Chile, Costa Rica, Peru, Colombia, Uruguay, Ecuador, Guatemala, and Panama. The company reported a 6% YoY increase in Q2 FY23 sales to SEK57.6 billion.

Portfolio Pulse from Lekha Gupta

July 17, 2023 | 10:24 am

GIII

GM

GOOG

HOOD

Insiders at General Motors, Alphabet, Robinhood Markets, and G-III Apparel Group have recently sold shares. General Motors' President sold 9,300 shares, Alphabet's Director sold 150,000 shares, Robinhood's Director sold 73,965 shares, and G-III Apparel's Director sold 10,904 shares. The reasons behind these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 10:23 am

USO

Saudi Arabia's crude oil production fell by 502,000 barrels per day to 9.96 million barrels per day in May, according to Reuters citing the International Energy Forum (IEF).

Portfolio Pulse from Charles Gross

July 17, 2023 | 10:23 am

ARGX

Argenx has reported positive topline data from its adhere study of Vyvgart Hytrulo in patients with chronic inflammatory demyelinating polyneuropathy, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 10:22 am

STT

JP Morgan analyst Vivek Juneja has downgraded State Street (NYSE:STT) from Neutral to Underweight and lowered the price target from $78.5 to $71.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 10:04 am

CAG

Morgan Stanley analyst Pamela Kaufman has downgraded Conagra Brands (NYSE:CAG) from Overweight to Equal-Weight and lowered the price target from $46 to $37.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 10:00 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares rose in premarket trading on Monday, potentially extending its winning streak to a fifth straight session. This is due to investor optimism following the company's confirmation that the first Cybertruck has rolled off the production line at its Giga Texas plant. Analysts expect the Cybertruck to boost the company's volume when production ramps up in 2024. Investors are also looking forward to Tesla's Q2 earnings report due Wednesday, with expectations of adjusted earnings per share of $0.81 and revenue of $24.53 billion.

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 9:58 am