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AAL

DAL

American Airlines Group Inc (AAL) shares are trading higher by 2.53% following better-than-expected Q2 results from Delta Air Lines, Inc. (DAL). Delta reported a 19% YoY growth in adjusted operating revenue and a 73% YoY increase in adjusted operating income. Barclays analyst maintained American Airlines with an Underweight and raised the price target from $15 to $18.

Portfolio Pulse from Henry Khederian

July 13, 2023 | 1:42 pm

SOFI

Morgan Stanley has downgraded SoFi Technologies Inc (NASDAQ:SOFI) from Equal-Weight to Underweight and raised the price target from $6.50 to $7 due to valuation concerns. The analyst noted that current share prices imply expectations for a return on average tangible common equity (ROTCE) of 30% or greater, but anticipates closer to a 15% ROTCE by 2026. SoFi shares are down 3.15% at $8.91 at the time of publication.

Portfolio Pulse from Adam Eckert

July 13, 2023 | 1:41 pm

SXTP

Trading of 60 Degrees Pharmaceuticals shares has resumed after a circuit breaker halt.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:40 pm

SOFI

SoFi Technologies' stock has been downgraded from Equal-Weight to Underweight by Morgan Stanley, leading to a decrease in the trading price of the shares.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 1:39 pm

AMD

MSFT

NVDA

Edgewater Research has issued a negative call on AMD, stating that Microsoft is delaying the deployment of AMD's M1300 due to performance issues. This situation is seen as beneficial for Nvidia.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:36 pm

FWBI

First Wave BioPharma Inc's shares are trading lower after the company received topline results from its Phase 2 SPAN trial for the treatment of exocrine pancreatic insufficiency in cystic fibrosis patients. The preliminary data indicates that the primary efficacy endpoint was likely not achieved. The company plans to pursue an End-of-Phase 2 meeting with the FDA in the fourth quarter of 2023.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 1:36 pm

SXTP

Shares of 60 Degrees Pharmaceuticals were halted on a circuit breaker due to a significant increase in the stock price, which is now up by 62.2%.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:31 pm

CYRX

Cryoport Inc's shares are trading lower after the company released preliminary Q2 FY23 results and updated its revenue expectations for FY23. The company expects Q2 sales of $56.5-$57.5 million, a decrease of 11% compared to Q2 2022 and below the consensus of $67.4 million. This is due to weaker global demand for capital equipment, clinical trial start delays, and slower ramps from certain clients. Cryoport has also lowered its FY23 sales outlook to $233-$243 million, down from prior guidance of $270-$290 million.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 1:31 pm

AAPL

CPI

CVNA

DAL

DIS

META

NVDA

PPI

RIVN

TSLA

The article lists the top 10 trending stocks on WallStreetBets as of July 13, 2023. The stocks mentioned are AAPL, CPI, CVNA, DAL, DIS, META, NVDA, PPI, RIVN, and TSLA.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 1:25 pm

JPM

J.P. Morgan has announced its intention to participate in Russian retailer Magnit's public tender offer. The bank also stated that shares in Magnit linked to client assets 'may be missing', according to a document cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:22 pm