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GM

General Motors (GM) reported a 9% increase in vehicle deliveries in China for Q2, with over 526,000 vehicles delivered. The company also saw double-digit growth for the Chevrolet and Cadillac brands, with over 115,000 new energy vehicle (NEV) sales. GM is on track to launch more than 20 new and refreshed models in China this year, a third of which will be NEVs. The company is also increasing its EV manufacturing capacity in China, aiming for over 1 million units annually by 2025.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 5:09 pm

MPC

Marathon Petroleum's stock is trading higher following Wells Fargo's decision to maintain an Equal-Weight rating on the stock and increase its price target from $113 to $120.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 5:09 pm

SPY

Federal Reserve's Loretta Mester expects housing inflation to ease, but it still poses an upside risk for price pressures. She would have preferred a rate hike in June but understands why the Fed didn't act.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 5:05 pm

RIVN

Rivian shares are trading higher, possibly due to continued momentum after the company reported strong Q2 production figures last week.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 5:04 pm

NFLX

Morgan Stanley has maintained its Equal-Weight rating for Netflix (NASDAQ:NFLX) and raised its price target from $350.00 to $450.00. Netflix shares are currently trading at $440.81, up 0.62% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:02 pm

JCI

Wells Fargo has maintained its Overweight rating for Johnson Controls Intl (NYSE:JCI) and increased its price target from $69.00 to $74.00. Johnson Controls, a manufacturer and service provider of HVAC systems, building management systems, and fire and security solutions, saw its shares trading up 1.58% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:02 pm

ADNT

Over the past 3 months, 4 analysts have published their somewhat bullish opinion on Adient (NYSE:ADNT) stock. The company has an average price target of $49.25, representing a 5.29% decrease from the previous average price target of $52.00.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:02 pm

SEAS

Citigroup has maintained its Neutral rating for SeaWorld Entertainment (NYSE:SEAS) but lowered its price target from $60.00 to $57.00. SeaWorld's shares are currently trading at $55.79, up 0.09% over the last 24 hours. A move to $57.00 would represent a 2.17% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:02 pm

FTV

In the last quarter, Fortive (NYSE:FTV) received 2 somewhat bullish and 4 indifferent analyst ratings. The company's average 12-month price target is $73.83, which has increased by 2.3% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:02 pm

PIPR

JMP Securities has maintained its Market Outperform rating for Piper Sandler (NYSE:PIPR) but lowered its price target from $174.00 to $170.00. Piper Sandler's shares are currently trading up 2.03% at $131.90 per share. A move to $170.00 would represent a 28.89% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 5:01 pm