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Stock Prices

QCOM

DigiTimes reports that Qualcomm (QCOM) and Mediatek are relying on India's handset recovery to clear their inventory. This suggests that the companies are expecting an increase in demand for their products in the Indian market.

Portfolio Pulse from Charles Gross

July 17, 2023 | 11:36 am

BTCUSD

Gary Vaynerchuk, also known as Gary Vee, compared Bitcoin (BTC) with non-fungible token (NFT) projects in 2021, stating that while Bitcoin has limitations, the NFT sector has endless possibilities. He also mentioned that the crypto and NFT markets are currently in an economic correction. If an investor had invested $100 in Bitcoin when Vaynerchuk made his statement, their investment would have grown to $144, a 44% increase in value. Currently, Bitcoin is trading at $30,287.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 11:31 am

STT

State Street Corporation (NYSE:STT) reported Q2 revenues of $3.11 billion, up 5% Y/Y, missing the consensus estimate of $3.14 billion. EPS of $2.17 beat the consensus estimate of $2.10. Following the earnings announcement, analysts from Keefe, Bruyette & Woods, B of A Securities, JP Morgan, and UBS cut their price targets on State Street and downgraded the stock.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 11:29 am

MRAI

Marpai, Inc. has regained compliance with Nasdaq's minimum bid price requirement. The company's Class A common stock had a closing bid price of $1.00 per share or greater for the last 10 consecutive business days, from June 29, 2023 to July 13, 2023.

Portfolio Pulse from Charles Gross

July 17, 2023 | 11:28 am

ABOS

ARGX

ATVI

Several stocks recorded significant movements in Monday's pre-market trading session. Acumen Pharmaceuticals, argenx SE, BridgeBio Pharma, Zai Lab Limited, Lilium N.V., TeraWulf Inc., Quantum-Si incorporated, Immunovant, MorphoSys AG, and Activision Blizzard all saw changes in their share prices. Notably, Activision Blizzard's shares gained 4.3% after Sony and Microsoft Corp reached a 10-year deal to keep 'Call of Duty' games on PlayStation consoles.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 11:27 am

GP

GreenPower Motor reported better-than-expected Q4 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:14 am

ATVI

MSFT

QQQ

SPY

TSLA

US stocks are expected to start the new week cautiously following strong gains in the past week. The earnings news flow will pick up pace from Tuesday, with several financial and tech companies due to report. The S&P 500 and the Nasdaq Composite Index closed off a 15-month high, and the Dow Industrials ended at its highest level since Nov. 30, 2022. Analyst Ryan Detrick of Carson Group sees scope for further upside. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.18% and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.05%. Tesla, Inc. (NASDAQ:TSLA) rose over 1.50% in premarket trading, while Activision Blizzard, Inc. (NASDAQ:ATVI) rallied over 4% after the FTC lost its appeal to block the videogame software manufacturer's deal with Microsoft Corp. (NASDAQ:MSFT).

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 11:12 am

STT

UBS analyst Brennan Hawken has downgraded State Street (NYSE:STT) from Buy to Neutral and lowered the price target from $90 to $72.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:12 am

TDS

Citigroup analyst Michael Rollins has downgraded Telephone and Data Systems (NYSE:TDS) from Buy to Neutral and lowered the price target from $14 to $8.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 11:11 am

BBIO

BridgeBio Pharma has announced results from its Phase 3 ATTRibute-CM study of Acoramidis, showing an 81% on-treatment survival rate compared to 74% on placebo. The study also showed a highly statistically significant improvement in the primary endpoint, a 50% relative risk reduction on frequency of cardiovascular-related hospitalization, and no safety signals of potential clinical concern were identified.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 11:05 am