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RUN

Sunrun Inc's (NYSE:RUN) shares are trading higher after Morgan Stanley raised its price target from $30 to $39. This comes after Barclays lowered its price target from $31 to $27. Sunrun shares have risen over 16% in the last month, with a 12% rally on Monday. The company is set to report Q2 financial results on Aug. 2, with an expected loss of 23 cents per share on quarterly revenue of $628.65 million. Despite the recent rally, Sunrun shares are still down approximately 9% year-to-date.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 12:31 pm

SPY

Core Retail Sales for June came in at 0.2%, slightly below the estimated 0.3%.

Portfolio Pulse from Bill Haddad

July 18, 2023 | 12:30 pm

AAPL

BRK-A

BRK-B

NVDA

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSM) shares are trading lower amid reports of a likely 27% decline in Q2 net profit due to global economic woes affecting semiconductor demand. However, analysts predict an improvement in the current quarter. TSMC, a primary supplier for Apple Inc (AAPL) and Nvidia Corp (NVDA), is expected to report a net profit of $5.58 billion for the April-June period. In May, Berkshire Hathaway Inc (BRK-A, BRK-B) reduced its stake in TSMC due to concerns over US-China tensions.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 12:30 pm

PNC

PNC Financial Services Group's Q2 revenues increased 3.5% Y/Y to $5.293 billion, missing the consensus of $5.450 billion. However, EPS of $3.36 came above the consensus of $3.28. Net interest income increased by 15% to $3.5 billion. Average deposits decreased by $20.8 billion Y/Y. The company raised the quarterly cash dividend on common stock to $1.55 per share. PNC shares are trading lower by 3.22% at $123.07 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 12:30 pm

LIXT

Lixte Biotechnology has announced the pricing of a $3.5 million registered direct offering and concurrent private placement priced at-the-market under Nasdaq rules. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:29 pm

SMDM

Singing Machine has launched a new party accessory product line, which will be available at Walmart. This announcement has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:28 pm

NMTR

9 Meters Biopharma has announced that it and its subsidiaries have ceased operations and filed for bankruptcy. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:26 pm

ATVI

BRK-A

MSFT

Warren Buffett's Berkshire Hathaway sold 70% of its stake in Activision Blizzard in Q2, missing out on potential gains from Microsoft's approved takeover of the video game maker. Berkshire's remaining Activision stake is the same size as before Buffett started buying, suggesting he has exited the arbitrage bet. Microsoft has also made deals with Nvidia, Nintendo, and Sony to discourage opposition against the merger.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 12:26 pm

FBK

FB Financial's shares are trading higher following the company's better-than-expected Q2 earnings per share (EPS) results.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:21 pm

TDOC

Teladoc Health is expanding its collaboration with Microsoft in AI to address the healthcare workforce crisis. This news has led to an increase in Teladoc's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:20 pm