Streetbeat News

Stock Prices

ALLE

Allegion has revised its FY23 organic revenue growth outlook from a range of 5.5% - 7.5% to a narrower range of 5.5% - 6.5%.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:38 am

ALLE

Allegion has increased its FY23 adjusted EPS outlook from $6.55 - $6.75 to $6.70 - $6.80, which is higher than the estimated $6.68.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 9:37 am

JPM

JPMorgan Chase & Co.'s trading desk predicts a likely boost for stocks following the Federal Reserve's announcement of an interest-rate hike and a possible pause at the next meeting. They assign a 65% probability to this scenario, which they believe could push the S&P 500 as much as 0.75% higher. Despite skepticism, equities have recovered their losses since the Fed began raising rates 16 months ago, with the S&P 500 now trading roughly 5% above where it was at the start of the hiking cycle.

Portfolio Pulse from Benzinga Neuro

July 26, 2023 | 9:35 am

DB

Deutsche Bank AG (NYSE:DB) reported Q2 2023 revenue growth of 11% Y/Y to €7.41 billion. The bank expects share repurchases and dividends of over €1 billion in 2023. However, DB shares are trading lower by 1.81% at $11.40 premarket on the last check Wednesday.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 9:33 am

NKLA

Nikola Corporation (NASDAQ:NKLA) is planning to launch its hydrogen fuel cell electric truck this quarter, despite skepticism from industry players like Tesla's Elon Musk. The truck, which will be built by Nikola but will have its fuel cell power module provided by Bosch, can provide up to 536 horsepower and has a fuel time of 20 minutes or less. Nikola is currently under scrutiny after one of its battery-powered trucks caught fire twice.

Portfolio Pulse from Anan Ashraf

July 26, 2023 | 9:32 am

SIMO

Shares of Silicon Motion (SIMO) have spiked sharply, rising by 70% in premarket trading.

Portfolio Pulse from Charles Gross

July 26, 2023 | 9:31 am

LVLU

Telsey Advisory Group has downgraded Lulus Fashion Lounge (NASDAQ:LVLU) from Outperform to Market Perform and lowered the price target from $4 to $3.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 9:18 am

GOOG

GOOGL

CNBC host Jim Cramer has advised investors to consider trimming their positions in Alphabet Inc. if its shares surge post the quarterly earnings announcement, due to the ongoing lawsuit against the company by the U.S. Department of Justice. The lawsuit, which accuses Alphabet of anti-competitive practices, is seen as a potential dampener for its stock’s upside.

Portfolio Pulse from Benzinga Neuro

July 26, 2023 | 8:56 am

LVLU

Goldman Sachs analyst Brooke Roach has downgraded Lulus Fashion Lounge (NASDAQ:LVLU) from Buy to Neutral and lowered the price target from $3.75 to $2.4.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 8:39 am

BA

LMT

RTN

Senator Bernie Sanders has voiced his opposition to the proposed $886 billion defense bill for fiscal year 2024, calling it a 'corporate welfare program'. He criticized the bill for being more than all other discretionary programs in the federal budget combined. Sanders also highlighted the issues the U.S. faces, including climate change and a broken healthcare system. He named Boeing Co. (BA), Lockheed Martin Corp. (LMT), and RTX Corp. (RTN) among the private contractors who would benefit from the bill.

Portfolio Pulse from Shanthi Rexaline

July 26, 2023 | 8:27 am