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ATVI

Jefferies analyst Andrew Uerkwitz has downgraded Activision Blizzard (NASDAQ:ATVI) from Buy to Hold and set a price target of $95.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 9:29 am

SLG

SL Green Realty Corp. reported lower-than-expected Q2 earnings results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:27 am

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to invest over $1 billion in its Dojo Supercomputer project by the end of 2024, according to CEO Elon Musk. The Dojo Supercomputer is a proprietary platform designed for AI machine learning, with a focus on video training using data from Tesla's fleet of vehicles. Despite already owning a powerful supercomputer based on NVIDIA GPUs, Tesla has developed its custom-built Dojo computer. The announcement of this investment led to a post-market slide in Tesla's share price.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 9:22 am

TSM

Taiwan Semiconductor (TSM) reported worse-than-expected Q2 earnings results, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:17 am

AAL

ABT

JNJ

NFLX

TSLA

Johnson & Johnson, Tesla, American Airlines Group, Netflix, and Abbott Laboratories are the stocks to watch heading into Thursday. Johnson & Johnson is expected to post quarterly earnings at $2.62 per share on revenue of $24.66 billion. Tesla reported better-than-expected earnings and sales results for its second quarter, but its operating margin narrowed. American Airlines Group is expected to have earned $1.58 per share on revenue of $13.74 billion. Netflix reported upbeat earnings for the second quarter, while sales missed expectations. Abbott Laboratories is expected to report quarterly earnings at $1.05 per share on revenue of $9.70 billion.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 8:17 am

RELL

Richardson Electronics reported worse-than-expected Q4 earnings results, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:14 am

TSLA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has indicated that the company may further cut prices on its vehicles depending on market stability. Musk noted that the affordability of anything bought with debt decreases as interest rates rise. Tesla has been cutting prices on its vehicles since January, starting a price war in the EV market. However, Tesla’s vehicle prices have been stable with no major price changes for the last two months.

Portfolio Pulse from Anan Ashraf

July 20, 2023 | 8:08 am

EWJ

The Japanese government has cut its growth forecast and predicts inflation to exceed the Bank of Japan's target. This could impact the performance of the iShares MSCI Japan ETF (EWJ).

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 7:41 am

BTC

DOGE

TSLA

Tesla, Inc. (NASDAQ:TSLA) maintained its Bitcoin (NYSE:BTC) position in Q2 2023, with no transactions in buy or sale. The company's balance sheet showed it held $184 million in digital assets, unchanged from the previous two quarters. Tesla's CFO Zachary Kirkhorn attributed the lack of activity to the uncertainty of COVID-19 lockdowns in China. However, he stated the company is open to increasing its Bitcoin holdings in the future. CEO Elon Musk expressed his preference for Dogecoin (CRYPTO: DOGE) over Bitcoin due to its better transaction value.

Portfolio Pulse from Shanthi Rexaline

July 20, 2023 | 7:29 am

TSM

Taiwan Semiconductor (TSM) has projected its Q3 2023 revenue to be between $16.7B and $17.5B, which is slightly below the estimated $17.68B. The company also expects its gross margin to be between 51.5% and 53.5%, and operating margin to be between 38% and 40%.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 7:22 am