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Stock Prices

DAL

Delta Air Lines reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:34 am

PEP

PepsiCo reported Q2 earnings and revenue beat, leading to a rise in its shares. The company also raised its FY23 outlook.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:34 am

CJET

HIMS

IMGN

MLKN

SOFI

TMC

VSAT

Several US stocks recorded losses in today's pre-market trading session. Viasat, Inc. (VSAT) shares dipped 19.5% after an unexpected event that may impact the performance of the ViaSat-3 Americas satellite. Chijet Motor Company, Inc. (CJET) shares fell 6.3% after a 36% jump on Wednesday. Hims & Hers Health, Inc. (HIMS), MillerKnoll, Inc. (MLKN), ImmunoGen, Inc. (IMGN), SoFi Technologies, Inc. (SOFI), and TMC the metals company Inc. (TMC) also experienced declines.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 10:33 am

CYRX

CryoPort announced lower than expected interim Q2 earnings and FY23 guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:31 am

LCID

RIVN

TSLA

Gary Black, Managing Director of Future Fund, has suggested that electric vehicle startup Rivian Automotive (NASDAQ:RIVN) could be an attractive acquisition target for an established automaker. Black believes Rivian is undervalued compared to competitors like Lucid Group (NASDAQ:LCID) and Tesla (NASDAQ:TSLA). He suggests adjusting Rivian's enterprise value by deducting its $11 billion net cash from the market cap, resulting in an enterprise value of $15 billion.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 10:10 am

CD

Chindata has received a non-binding 'take private' proposal from CMC at $9.2 per ADS. The company's directors have not yet made any decisions regarding the proposal.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 10:02 am

CVNA

JP Morgan analyst Rajat Gupta has downgraded Carvana (NYSE:CVNA) from Neutral to Underweight and set a price target of $10.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 10:02 am

AMZN

C

JPM

MSFT

VMW

WFC

US stocks settled higher on Wednesday, with the Nasdaq surging over 1% due to easing inflation rates. Big banks such as JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Company are set to release earnings on Friday. Vmware, Inc shares gained 2.8% after Broadcom Inc won approval to acquire it. The Nasdaq 100 rose 1.24% amid gains in shares of Amazon.com, Inc. and Microsoft Corp. The CBOE Volatility Index fell 8.8%.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 10:00 am

EEMA

EWU

EZU

FLAX

SPY

On July 12, Wall Street closed higher after reporting a lower than expected annual CPI inflation rate of 3% in June. The Dow Jones, S&P 500, and Nasdaq Composite all closed higher. Asian markets also closed higher, with gains in various sectors. European markets were trading higher, with the U.K.'s FTSE 100 gaining despite a contraction in GDP. Commodities were trading higher, and U.S. futures were in the green. The U.S. Dollar Index was down after data showed inflation eased better than expected.

Portfolio Pulse from Akanksha Bakshi

July 13, 2023 | 9:55 am

COIN

Barclays analyst Benjamin Budish has downgraded Coinbase Global (NASDAQ:COIN) from Equal-Weight to Underweight, while raising the price target from $61 to $70.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 9:51 am