Streetbeat News

Stock Prices

WFC

XLRE

During a conference call, Wells Fargo stated that we are still in the early stages of the commercial real estate cycle.

Portfolio Pulse from Charles Gross

July 14, 2023 | 11:41 am

USO

Russian oil exports from western ports are expected to decrease by 100,000-200,000 barrels per day in the next month from July levels, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:36 am

AUGG

DFCO

EVLO

Insiders at Evelo Biosciences, Dalrada Financial Corporation, and Augusta Gold Corp. have recently made significant purchases of their companies' stocks. Noubar Afeyan, a 10% owner of Evelo Biosciences, acquired 5,411,255 shares at an average price of $2.31, costing around $12.5 million. Brian Bonar, CEO of Dalrada Financial, bought 79,550 shares at an average price of $0.14, spending around $11,510. Richard Warke, Executive Chairman of Augusta Gold, purchased 10,000 shares at an average price of $0.78, costing around $7,750.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 11:30 am

VWAGY

Volkswagen AG reported a 48% YoY increase in all-electric vehicle deliveries in H1 2021, with a total of 321,600 units. The majority of these deliveries were in Europe (68%), followed by China (19%) and the USA (9%). In the USA, deliveries increased by 76% to 29,800 vehicles. However, in China, deliveries were 2% below the previous year's level due to a competitive market environment. The company expects this positive trend to continue in the coming months.

Portfolio Pulse from Nabaparna Bhattacharya

July 14, 2023 | 11:20 am

BLK

JPM

QQQ

SPY

US stock futures are mixed as traders assess the impact of big bank earnings. Positive reports from JPMorgan Chase & Co and Blackrock, Inc. could fuel hopes for a strong reporting season. The June producer price inflation number and downward revisions to the previous two months' data served as confirmatory data for the slowdown in inflation. The major averages opened higher and stayed in the green throughout the session before closing notably higher. The Nasdaq Composite and the S&P 500 Index closed at fresh 15-month highs, while the Russell 2000 Index settled at its highest since early February.

Portfolio Pulse from Shanthi Rexaline

July 14, 2023 | 11:18 am

FREQ

Frequency Therapeutics has agreed to merge with Korro Bio in an all-stock transaction. This has led to an increase in Frequency Therapeutics' share prices.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:14 am

UNH

UnitedHealth's shares are trading higher following the company's report of better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:11 am

JPM

WFC

Banking and financial services stocks are trading higher following strong earnings reports from JPMorgan and Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:08 am

THRX

Needham analyst Ami Fadia has downgraded Theseus Pharmaceuticals (NASDAQ:THRX) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

July 14, 2023 | 11:06 am

LILM

Lilium has priced its share offering of 57,692,308 shares at $1.30 per share.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:03 am