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ELAN

Elanco Animal Health's shares are trading higher following the announcement that the Environmental Protection Agency (EPA) has completed its review of the Seresto collar and confirmed its continued registration.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:12 pm

JPM

JPMorgan Chase & Co reported Q2 net revenue of $42.4 billion, up 34.1% YoY, beating the consensus of $38.96 billion. Noninterest revenue was $20.5 billion, up 25%, driven by higher CIB Markets noninterest revenue. Net interest income increased by 44% YoY to $21.9 billion. Q2 Consumer & Community Banking revenue increased 37% YoY to $17.23 billion. Assets under management stood at $3.2 trillion (+16% Y/Y), and client assets stood at $4.6 trillion (+20% Y/Y). JPM shares are trading higher by 2.75% at $152.97 premarket.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 12:09 pm

OGI

Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) reported a 14% YoY decline in Q3 revenue to CA$32.8 million ($25 million), impacted by THC inflation. The company also reported a gross loss of CA$4.7 million and a net loss of CA$213.5 million. However, Organigram expects Q4 fiscal 2023 net revenue to be higher than Q3 and to achieve positive adjusted EBITDA. The company's shares were trading 12.91% lower in Friday's pre-market session.

Portfolio Pulse from Vuk Zdinjak

July 14, 2023 | 12:06 pm

ACAD

AIN

BYD

COIN

MCD

MSFT

NOV

OUST

SBUX

SPOT

Several companies have had their price targets adjusted by various analysts. Keybanc raised Spotify's target from $180 to $205, while Morgan Stanley increased Boyd Gaming's target from $69 to $75. Chardan Capital raised Ouster's target from $1 to $10, and Raymond James reduced NOV's target from $29 to $27. Stephens & Co. raised McDonald's target from $300 to $325 and Starbucks' from $103 to $110. Needham increased Coinbase's target from $70 to $120, while JP Morgan cut AT&T's target from $22 to $17. UBS raised Microsoft's target from $345 to $400, Baird increased Albany International's target from $101 to $120, and HC Wainwright & Co. raised ACADIA Pharmaceuticals' target from $28 to $33.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 12:02 pm

PGR

Progressive (NYSE:PGR) has received mixed analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, 6 indifferent, 1 somewhat bearish, and 4 bearish. The average price target is $138.57, implying an upside from the current price of $114.78. This average has decreased by 3.1% from the previous average price target of $143.00.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 12:01 pm

JAMF

In the last quarter, Jamf Holding (NASDAQ:JAMF) received 4 bullish and 1 somewhat bullish ratings from analysts. The average 12-month price target for the company has increased by 17.65% from the previous average, now standing at $30.0 with a high of $35.00 and a low of $21.00.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 12:00 pm

SPOT

Over the past 3 months, 29 analysts have published their opinion on Spotify Technology (NYSE:SPOT) stock. The company has an average price target of $162.28 with a high of $205.00 and a low of $120.00. This average price target has increased by 11.92% over the past month.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 12:00 pm

DOGEUSD

XRPUSD

Dogecoin co-founder Billy Markus commented on the recent court ruling favoring Ripple Labs, stating that XRP is not a security. This decision is a significant turning point in the legal battle between Ripple and the SEC. The SEC has identified 19 other cryptocurrencies as securities in lawsuits against platforms like Binance and Coinbase. At the time of writing, DOGE was trading at $0.070, up 9% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 11:53 am

BLK

BlackRock Inc (NYSE:BLK) reported a Q2 revenue decline of 1% Y/Y to $4.46 billion, slightly below the consensus of $4.47 billion. Total net inflows stood at $80.2 billion, reflecting the continued strength of a broad-based platform. Adjusted EPS rose 26% Y/Y to $9.28, beating the consensus of $8.46. Total AUM were $9.43 trillion as of June 30, 2023. The company repurchased shares worth $375 million in Q2. BLK shares are trading lower by 0.92% at $733.00 premarket on the last check Friday.

Portfolio Pulse from Lekha Gupta

July 14, 2023 | 11:43 am

GIS

HSY

SMFL

XXII

The article lists four oversold stocks in the consumer staples sector that may present buying opportunities. These include 22nd Century Group, Inc. (NASDAQ:XXII), General Mills, Inc. (NYSE:GIS), The Hershey Company (NYSE:HSY), and Smart for Life, Inc. (NASDAQ:SMFL). The stocks are considered oversold as their Relative Strength Index (RSI) values are near or below 30.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 11:41 am