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GOOGL

META

MSFT

James Demmert, Chief Investment Officer of Main Street Research, warns that the current bull run in the stock market, driven by FOMO and AI hype, may not be sustainable. He advises investors to be patient and use any corrections as a buying opportunity. He also anticipates that the Federal Reserve might take a tougher approach at its policy meeting, which could lower stock prices. Furthermore, he suggests that upcoming earnings reports from big tech companies like Alphabet, Meta, and Microsoft could weaken the AI sector.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 9:16 am

RXT

Citigroup analyst Ashwin Shirvaikar has downgraded Rackspace Tech (NASDAQ:RXT) from Neutral to Sell, while raising the price target from $1.25 to $1.5.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:12 am

DIS

Atlantic Equities analyst Hamilton Faber has downgraded Walt Disney (NYSE:DIS) from Neutral to Underweight and lowered the price target from $113 to $76.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:10 am

GE

GM

GOOGL

MSFT

NXPI

Microsoft, Alphabet, NXP Semiconductors, General Electric, and General Motors are expected to be in focus for investors on Tuesday. Microsoft and Alphabet are expected to post earnings after the closing bell, while General Electric is expected to report before the opening bell. NXP Semiconductors reported better-than-expected Q2 results and issued a strong Q3 forecast. General Motors is also expected to report earnings after the closing bell.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 9:09 am

FXI

SPY

China's major state-owned banks were reportedly selling U.S. dollars to buy yuan in spot markets on Tuesday in an attempt to prop up the Chinese currency, according to Reuters.

Portfolio Pulse from Charles Gross

July 25, 2023 | 8:47 am

NKE

Exane BNP Paribas analyst Laurent Vasilescu has downgraded Nike (NYSE:NKE) from Neutral to Underperform.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 8:22 am

ABVC

ABVC BioPharma has announced a 1-for-10 reverse stock split, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:15 am

DOGEUSD

SHIBUSD

Following Twitter's rebranding by Elon Musk, Dogecoin (CRYPTO: DOGE) experienced an 8% surge in value. Speculation has arisen about the potential integration of a native cryptocurrency wallet within the Twitter platform, which would align with Musk's vision of 'X, the everything app.' Twitter's CEO Linda Yaccarino follows the official Twitter accounts of cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 8:10 am

EWG

VGK

Germany's Ifo Business Climate Index for July came in at 87.3, lower than the estimated 88 and the prior figure of 88.6.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:04 am

EWG

VGK

Germany's current assessment for July has been reported at 91.3, lower than the estimated 93.0 and the prior figure of 93.7.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:03 am