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Stock Prices

TWLO

Twilio's shares are trading lower due to a general pullback in software stocks.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:20 pm

BP

LSCC

MRVL

Semiconductor and chip stocks are trading lower following recent strength in the sector.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:18 pm

AR

Benchmark analyst Subash Chandra reiterated a Buy rating on Antero Resources Corporation (AR), but lowered the price target to $32 from $36. The company's Q2 earnings release is due on July 26, 2023. The analyst lowered the realized gas and NGL price expectations to $2.15/$24 from $2.60/$28 and expects AR to outspend $190 million this quarter. However, the analyst expects natural gas prices to trend higher into the heating season and a rebound in product prices could coincide with a seasonal decline in capex.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 7:15 pm

RIVN

Rivian shares are experiencing a downturn, potentially due to a pullback following recent strength in EV stocks.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:15 pm

RBLX

Roblox shares are trading lower as stocks pull back from recent strength.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:13 pm

NFLX

Wedbush analyst Michael Pachter reiterated Netflix Inc (NASDAQ: NFLX) with an Outperform and a $475 price target. Pachter believes that Netflix's ad-supported tier and password-sharing crackdown will boost profitability and cash generation. He also expects the company's free cash flow (FCF) to grow steadily, particularly if average revenue per user (ARPU) rises due to the password-sharing crackdown and higher cost per thousand impressions (CPMs) from the ad-tier. Despite a recent dip in NFLX shares, Pachter maintains his Q2 estimates for revenue of $8.242 billion.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 7:09 pm

CCL

CUK

Carnival shares are trading lower without any company-specific news.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 7:06 pm

BLK

BRPHF

BTCUSD

The U.S. Securities and Exchange Commission (SEC) has recognized the spot Bitcoin ETF applications from several major firms, including Fidelity, VanEck, WisdomTree, Invesco, and BlackRock Inc. This does not imply imminent approval or rejection, but signifies progress in the application process. Other companies such as ARK Investment and BitWise, as well as Galaxy Digital, have also received acknowledgment from the SEC. This comes as the SEC might be on the verge of approving the first spot Bitcoin ETF in the U.S.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 7:05 pm

PYPL

A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. The whales have been targeting a price range from $60.0 to $145.0 for PayPal Holdings over the last 3 months. Truist Securities and Piper Sandler have maintained their Buy and Neutral ratings on PayPal Holdings, respectively, with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 7:04 pm

MU

A significant number of unusual options trades have been detected for Micron Technology (NASDAQ:MU), with 52% of investors showing bullish expectations and 48% bearish. The trades include 9 puts totaling $765,628 and 16 calls totaling $684,065. Whales have been targeting a price range from $57.5 to $75.0 for Micron Technology over the last 3 months. The current price of MU is $64.4, down 0.2%. Analysts from Goldman Sachs, TD Cowen, and Barclays maintain positive ratings on Micron Technology, while Citigroup and Morgan Stanley have downgraded their ratings.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 7:04 pm