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Stock Prices

FCEL

FuelCell Energy, Inc (NASDAQ:FCEL) saw a spike of over 6% on Friday morning, continuing its bullish momentum after negating a bear flag pattern on Wednesday. The stock has surged about 20% since July 7 due to general market strength caused by a lower-than-expected June inflation report. However, the stock was falling to near flat on July 14, indicating a possible local top. The stock has declined about 92% since its all-time high of $29.44 on Feb. 10, 2021. The future trend of the stock will be determined by whether it can break up from a descending trend line that’s been holding it down since Feb. 3.

Portfolio Pulse from Melanie Schaffer

July 14, 2023 | 3:23 pm

BURBY

Burberry Group Plc reported an 18% YoY increase in comparable store sales in Q1, with growth in all regions except the Americas. Retail revenue rose 16.6% to £589 million, primarily due to recovery in Mainland China. The company opened or refurbished 19 stores during the quarter. Burberry maintained its current-year guidance of high single-digit revenue CAGR from FY20 base, equating to low double-digit growth in FY24. The company's shares are up 0.61% to $27.87.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 3:19 pm

PARA

PARAA

Paramount Global's (NASDAQ:PARA) (NASDAQ:PARAA) shares are trading lower due to the SAG-AFTRA union strike. The strike could increase production costs and disrupt the production of films, TV shows, and other content, potentially impacting Paramount's profitability, cash flow, and ability to generate revenue. The company's stock price has declined by 3.95% to $16.16.

Portfolio Pulse from Henry Khederian

July 14, 2023 | 3:17 pm

DIS

Walt Disney Co (NYSE:DIS) shares are trading lower by 1.36% due to the SAG-AFTRA union strike. The strike could increase production costs and disrupt content production, potentially tarnishing Disney's brand image and impacting its stock price. The actors union is demanding comprehensive compensation and has concerns about the use of artificial intelligence in scriptwriting.

Portfolio Pulse from Henry Khederian

July 14, 2023 | 3:16 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among these big-money traders is split between 37% bullish and 62% bearish. Whales have been targeting a price range from $750.0 to $1300.0 for MercadoLibre over the last 3 months. The price of MELI is currently down -1.37% at $1131.05. B of A Securities has downgraded its action to Neutral with a price target of $1350.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

PLTR

A significant investor has taken a bearish stance on Palantir Technologies (NYSE:PLTR), with 66% of detected trades showing bearish expectations. The whales have been targeting a price range from $12.0 to $25.0 for Palantir over the last 3 months. The current price of PLTR is down -1.52% at $16.48. Raymond James has downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

CAT

A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 100% bearish. The whales have been targeting a price range from $105.0 to $280.0 for Caterpillar over the last 3 months. Currently, the price of CAT is down -0.73% at $254.0. DA Davidson has downgraded its action to Neutral with a price target of $263.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:16 pm

METX

Blockchain tech company, Meten Holding Group Ltd (NASDAQ:METX) has entered into an asset purchase agreement to acquire 200 units of Bitcoin mining machines. The company also agreed to issue ordinary shares valued at $880,000 to the sellers. The machines are expected to be operational by July 31, 2023. With this purchase, the company will have 1,954 units of Bitcoin mining machines with a computing power of more than 208PH/s.

Portfolio Pulse from Shivani Kumaresan

July 14, 2023 | 3:13 pm

SGMT

Sagimet Biosciences has priced its Initial Public Offering (IPO) at $16 per share, with 5.3125 million shares being offered. The IPO is currently indicating $16 on 239K shares.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:12 pm

MRNA

Moderna's stock is trading lower after HSBC initiated coverage on the stock with a Reduce rating and a price target of $97.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:10 pm