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A US judge has ruled that Ripple is not a security, leading to a rise in the shares of crypto-related stocks.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 3:43 pm

HSBC

HSBC Holdings, Plc (NYSE:HSBC) is expanding its green finance and bond teams in China, despite geopolitical uncertainties. This follows the acquisition of Hong Kong-based Green Transition Partners in January. The bank is planning to grow its asset and wealth management in China, including launching new teams dedicated to green assets and fixed income in 2023. HSBC is also considering offering carbon-offsetting products to customers. The bank's shares traded higher by 0.76% at $40.40 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 3:43 pm

COIN

An option alert has been issued for Coinbase Global (COIN) for Friday $90 calls sweep near the ask price. The volume of this option is 402 at $2.7, compared to the open interest of 8205. The company's earnings report is expected on 8/8 after the market closes. The reference price is $89.51.

Portfolio Pulse from Charles Gross

July 13, 2023 | 3:41 pm

EDTX

Shares of EdtechX Holdings Acquisition Corp. II (EDTX) were halted on a circuit breaker due to a significant increase in price. The stock is now up 152.1%.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:40 pm

SPY

US Producer Price Index (PPI) increased by 0.1% in June, indicating a reduction in pricing pressures. This has led investors to anticipate an end to the Federal Reserve's interest rate hike cycle. Economists predict a slowdown in both economic activity and consumer prices throughout 2023. Peter Essele, Head of Portfolio Management for Commonwealth Financial Network, predicts the S&P 500 could top 5000 by the end of the year.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 3:39 pm

NKE

A significant bearish stance on Nike (NYSE:NKE) has been observed through unusual options activity. The sentiment among these big-money traders is 91% bearish, with a price target range of $105.0 to $120.0 for Nike over the last 3 months. Despite this, several financial institutions have maintained their positive ratings on Nike, with price targets ranging from $127 to $142.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:38 pm

GS

Goldman Sachs Group, Inc. (GS) has sold $1 billion of Marcus loans to investment firm Varde Partners as part of its plan to exit the lending business. The personal loans were purchased at a bargain to face value last month. This is the latest tranche of Marcus borrowings that Goldman has been offloading since earlier this year. GS shares are trading higher by 0.53% to $328.13.

Portfolio Pulse from Nabaparna Bhattacharya

July 13, 2023 | 3:37 pm

SPY

Federal Reserve's Mary Daly stated that as inflation starts to decrease, the nominal rate can be reduced to bring real rates down to a neutral level. This statement could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:32 pm

APH

Amphenol (NYSE:APH) has outperformed the market over the past 20 years, producing an average annual return of 17.19%. If an investor had bought $1000 of APH stock 20 years ago, it would be worth $25,156.54 today. The company currently has a market capitalization of $50.83 billion.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:30 pm

CRM

Salesforce (NYSE:CRM) has outperformed the market over the past 15 years, producing an average annual return of 18.64%. If an investor had bought $1000 of CRM stock 15 years ago, it would be worth $13,197.93 today. The company currently has a market capitalization of $223.73 billion.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:30 pm