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AURC

Shares of Aurora Acquisition Corp. (AURC) have resumed trading after a halt, only to be halted again due to a circuit breaker. The stock is now up by 59.5%.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:44 pm

AMZN

CRM

GOOG

META

MSFT

NVDA

RSP

SPY

JPMorgan Chase's chief market strategist, Marko Kolanovic, warns of a potential market bubble due to the S&P 500's increasing levels of stock concentration, which have reached 60-year highs. Six mega-cap tech companies, including Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Salesforce, account for 51% of the S&P 500's gains this year. Kolanovic also warns of the current AI frenzy, which could end in disillusionment. Potential catalysts for a large stock reversal include aggressive interest rate hikes, declining consumer savings, and a troubling geopolitical environment.

Portfolio Pulse from Piero Cingari

July 25, 2023 | 1:43 pm

CVNA

An option alert has been issued for Carvana (CVNA) for August 18 $70 calls. The sweep is near the ask with 500 @ $1.0 versus an open interest of 1191. The reference price is $47.055.

Portfolio Pulse from Charles Gross

July 25, 2023 | 1:40 pm

AMZN

IRBT

Amazon has reduced the takeover price for iRobot Corp by 15% due to debt adjustments, leading to a decrease in iRobot's share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 1:35 pm

DANOY

NSRGY

Product prices of Nestle S.A. and Danone have risen by more than 10% this year in France, putting them under the country's inflation scanner. The price hike has pressured the companies to renegotiate with French retailers. French shoppers have spent more than 20% more for Nestle products each month since January versus last year, with price increases peaking at 36.6% in May. Danone's products were sold for between 11.2% and 16.7% more than last year in the first six months of the year.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 1:34 pm

KMB

Kimberly-Clark Corp (KMB) reported a 1% YoY sales growth in Q2 FY23, missing analyst estimates. Organic sales increased by 5% due to a 9% price increase and favorable product mix, offset by a 3% volume decrease. Adjusted EPS of $1.65 beat analyst consensus. Operating income plunged 82% to $113 million. The company raised its FY23 organic sales growth and EPS growth outlook. KMB shares are trading higher by 1.01% in premarket.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 1:34 pm

ENPH

Enphase Energy (ENPH) has seen a sweep of Friday $200 calls, with 204 contracts traded near the ask price at $3.5, compared to an open interest of 2840. The reference price was $179.35.

Portfolio Pulse from Charles Gross

July 25, 2023 | 1:32 pm

ADI

Susquehanna analyst Christopher Rolland maintains a positive outlook on Analog Devices (NASDAQ:ADI), raising the price target from $215 to $225.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 25, 2023 | 1:32 pm

HCA

HCA Healthcare's short percent of float has fallen 34.19% since its last report, with 2.08 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.48 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 5.34%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 1:30 pm

CMG

Chipotle Mexican Grill's (NYSE:CMG) short percent of float has fallen 17.55% since its last report, with 721 thousand shares sold short, which is 2.63% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Chipotle has less short interest, with the peer group average at 8.86%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 1:30 pm