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AVRO

Trading of Avrobio shares has been halted due to pending news.

Portfolio Pulse from Charles Gross

July 12, 2023 | 10:56 am

UEC

Uranium Energy Corp (NYSE:UEC) has completed the necessary steps for a resumption of operations at the Christensen Ranch in-situ recovery (ISR) Project in Wyoming. This will enable a faster restart of the project.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:56 am

STNG

Scorpio Tankers has reported the sale of an MR product tanker for $32.5M in July 2023. The company will make no debt repayments associated with this sale as the vessel is unencumbered.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:48 am

CVNA

JMP Securities analyst Nicholas Jones maintains an 'Outperform' rating on Carvana (NYSE:CVNA) and has raised the price target from $25 to $50.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 10:47 am

AEL

BNRE

American Equity Investment Life Holding Co (AEL) reported Q2 2023 sales of $2 billion, led by fixed index annuities business which totaled $1.9 billion, up 94% Q/Q and 141% Y/Y. The company also disclosed its acquisition by Brookfield Reinsurance Ltd (BNRE) for $4.3 billion last week. AEL shares closed higher by 0.38% at $53.11 after-hours on Tuesday.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 10:45 am

ACHC

COHR

RDFN

SILK

TMC

Several stocks are moving lower in Wednesday's pre-market session, including Silk Road Medical, Coherent Corp., Redfin Corporation, TMC the metals company Inc., Kingsoft Cloud Holdings Limited, and Acadia Healthcare Company, Inc. Silk Road Medical's shares tumbled following a downgrade from JP Morgan. Coherent Corp. recently appointed a new Vice President. Redfin shares fell after a significant jump on Tuesday. TMC received a Buy rating from ThinkEquity. Acadia Healthcare is facing legal challenges following a jury verdict.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 10:40 am

BTCUSD

ETHUSD

Kimbal Musk, Elon Musk's brother, expressed his opposition to the environmental impact of cryptocurrencies in February 2022. He is involved in Big Green DAO, an Ethereum blockchain-based crypto collective focused on food equality. Bitcoin's closing price on February 28, 2022, was $43,169.34, a 14.5% increase for the day. As of now, Bitcoin is trading at $30,607.90. If one were to invest $100 in Bitcoin today and it reaches the levels observed in February, the investment would be worth $141, a gain of 41%.

Portfolio Pulse from Mehab Qureshi

July 12, 2023 | 10:35 am

RDFN

DA Davidson analyst Tom White has downgraded Redfin (NASDAQ:RDFN) from Neutral to Underperform and set a price target of $10.

Portfolio Pulse from richadhand@benzinga.com

July 12, 2023 | 10:29 am

SFTBF

SFTBY

SoftBank Group Corp is considering a US IPO for its PayPay payments business. The timing is unclear as PayPay, which reported an EBITDA loss of 11.9 billion yen in the year ended March, needs to demonstrate a path to profitability. This would be the second SoftBank company's listing on the US stock market after Arm Ltd. SFTBF shares closed lower by 1.44% at $47.83 on Tuesday.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 9:58 am

AMZN

JPM

NVDA

WFC

Ahead of key inflation reports and earnings results from major companies, the S&P 500 settled higher on Tuesday. Consumer price data will be released on Wednesday, with producer prices report due on Thursday. Major banks including JPMorgan Chase, Citigroup, and Wells Fargo will release earnings on Friday. Amazon shares gained 1.3% on Tuesday with the start of the company's Prime Day deal event. The Nasdaq 100 rose 0.49% amid gains in shares of Amazon and NVIDIA.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 9:42 am