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CVNA

Carvana Co (NASDAQ:CVNA) reported better-than-expected Q2 results and issued positive guidance, leading to a rise in its stock. The company also entered into a distribution agreement for an offering of up to $1 billion of its common stock. Carvana reported Q2 revenue of $2.97 billion, beating estimates of $2.59 billion. The company also guided for positive adjusted EBITDA in Q3. Carvana has also entered into an agreement with noteholders to reduce total debt, extend maturities and lower near-term cash interest expenses.

Portfolio Pulse from Adam Eckert

July 19, 2023 | 1:51 pm

HROW

Harrow Health has acquired US & Canadian rights to certain eye disease products and announced a $60 million equity offering. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 1:49 pm

CRM

A whale investor has taken a bullish stance on Salesforce (NYSE:CRM), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $210.0 to $280.0 for Salesforce over the last 3 months. The price of CRM is up 2.19% at $232.62. Needham, BMO Capital, and Mizuho have maintained their Buy rating on Salesforce, while Evercore ISI Group and B of A Securities have downgraded their action to Outperform and Buy respectively.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:46 pm

INTU

Unusual options activity has been observed for Intuit (NASDAQ:INTU), with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades suggest a target price range of $460.0 to $500.0 for Intuit. Keybanc has maintained their Overweight rating on Intuit with a price target of $525, while Exane BNP Paribas upgraded its action to Neutral with a price target of $532.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:46 pm

SCHW

Charles Schwab (NYSE:SCHW) has seen unusual options activity, with a large bullish position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 73% bullish and 26% bearish. The price of SCHW is up 2.24% at $67.49. Several financial institutions have maintained their positive ratings on Charles Schwab, with price targets ranging from $60 to $77.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:46 pm

ATVI

MSFT

NVDA

SONY

Microsoft and Activision Blizzard have extended their $69 billion takeover deal to October 18. The agreement includes an increase in the termination fee payable to Activision Blizzard and amendments to Activision Blizzard's commercial Xbox arrangements with Microsoft. The deal also allows Activision Blizzard to declare and pay one regular cash dividend for FY23. Activision reported Q2 revenue growth of 34.2% YoY to $2.21 billion, missing the consensus of $2.37 billion. Microsoft has also made deals with Nvidia and Sony to counter opposition against the merger.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 1:45 pm

SCI

Traders are circulating a short report from Jehoshaphat Research on Service Corporation International (SCI).

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:44 pm

1INCH-USD

BTCUSD

ETHUSD

XLMUSD

Bitcoin (BTC) traded lower, falling below the key $30,000 level, while Ethereum (ETH) traded above the key $1,900 mark. Stellar (XLM) was the top gainer over the prior 24 hours, while 1inch Network (1INCH) was the biggest loser. The global crypto market cap rose to $1.2 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:41 pm

GS

Goldman Sachs CEO has announced that the company will continue with its share repurchase program despite facing significant headwinds to its business. The CEO also warned of a period of lower results ahead.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:39 pm

JPM

JPMorgan Chase's short percent of float has fallen 10.94% since its last report, with 16.54 million shares sold short, which is 0.57% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards JPMorgan Chase. Compared to its peers, JPMorgan Chase has less short interest as a percentage of float, with an average of 0.98%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:30 pm