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EWU

The United Kingdom's CBI Industrial Trends Orders for July came in at -9, better than the estimated -17 and the prior figure of -15. This indicates an improvement in the UK's industrial sector.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 10:00 am

BTIG analyst Gray Powell has upgraded Zscaler (NASDAQ:ZS) from Neutral to Buy and announced a price target of $185.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:51 am

LOGI

Logitech International S.A. (NASDAQ: LOGI) reported Q1 FY24 revenue of $974.5 million, exceeding the consensus of $912.3 million, despite a 16% Y/Y decrease. Sales in various categories fell, with the largest decrease in Keyboards & Combos sales (21% Y/Y). Adjusted EPS of $0.65 beat the consensus of $0.45. The company revised its H1 FY24 guidance upwards and announced a new, three-year share buyback program of up to $1 billion. LOGI shares are trading higher by 6.54% premarket.

Portfolio Pulse from Lekha Gupta

July 25, 2023 | 9:50 am

AMC

CVX

GOOGL

META

MSFT

NVDA

TSLA

The S&P 500 and Dow Jones closed higher on Monday, with the latter recording its longest winning streak in six years. Investors are awaiting earnings reports from Microsoft, Alphabet, and Meta Platforms. The Fed is expected to increase interest rates by 25 basis points. Chevron Corporation's shares rose around 2% due to strong preliminary quarterly earnings, while AMC Entertainment Holdings' shares jumped 33% after a court rejected its plan to convert preferred shares to common units and implement a stock split. The Nasdaq 100 gained 0.14% due to gains in shares of Tesla Inc and NVIDIA Corp.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 9:48 am

BLPH

Bellerophon Therapeutics is at risk of being delisted from NASDAQ on July 28, 2023, unless the company presents a plan to regain compliance and requests a hearing before the NASDAQ Hearings Panel.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:28 am

MSFT

NVDA

SPY

TSM

Morgan Stanley's Equity Strategist, Michael Wilson, admitted his bearish market outlook was incorrect due to the extended market rally this year. He attributed the stronger-than-expected consumer spending to warmer weather and credit card borrowing, but warned these factors may not be sustainable. Wilson also noted that the market benefited from AI, with Nvidia and Microsoft emerging as winners. However, he warned that the booming AI demand can't fully offset the cyclical slowing in the broader semiconductor sector. Wilson also pointed out that falling inflation has been a key driver of the U.S. equity market rally. He now sees disinflation as a potential headwind, eating into sales growth. Despite this, he continues to have a 2023 year-end S&P 500 price target of 3,900.

Portfolio Pulse from Shanthi Rexaline

July 25, 2023 | 9:16 am

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

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