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Stock Prices

JBLU

Evercore ISI Group analyst Duane Pfennigwerth has downgraded JetBlue Airways (NASDAQ:JBLU) from In-Line to Underperform and set a new price target of $8.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 11:04 am

BABA

XIACF

XIACY

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid reports of China's science and technology ministry's meeting with firms including Xiaomi Corp (OTC:XIACF) (OTC:XIACY), iFlytek, and Alibaba Cloud to discuss innovation and national strategic scientific and technological initiatives. Alibaba is considering selling shares of Ant Group back to the fintech company, which has proposed a $6 billion share repurchase program. Alibaba Cloud generated nearly $12 billion of revenue for the company in FY22.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 11:03 am

AAPL

AMD

AMZN

MSFT

NVDA

QQQ

SPY

US stock futures are set to open in green on Tuesday as traders anticipate benign June inflation data. The Nasdaq Composite, Dow Industrials, S&P 500 Index, and Russell 2000 all saw gains on Monday. Wharton professor Jeremy Siegel predicts a slowdown in the second half of the year but not a dramatic downturn. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw slight gains. Stocks of Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), Microsoft (MSFT), and Amazon (AMZN) are in focus due to various reasons.

Portfolio Pulse from Shanthi Rexaline

July 11, 2023 | 10:56 am

VOXX

VOXX International Corporation reported a Q1 FY24 revenue decline of 13.1% Y/Y to $111.9 million, missing the consensus of $122.3 million. Net sales declined in both the Automotive Electronics and Consumer Electronics segments. The company reported a loss per share of $(0.45), missing the consensus loss of $(0.22). VOXX shares traded lower by 13.7% to $9.79 premarket on the last check Tuesday.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 10:53 am

NNVC

NanoViricides has reported that its antiviral clinical drug candidate, NV-387, has shown effectiveness in an animal model of lethal lung infection with Respiratory Syncytial Virus.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:50 am

NTR

Nutrien has announced a reduction in production at its Cory Potash Mine due to a strike at the Port of Vancouver. This, along with other factors such as the ILWU strike, Portland terminal outage, and lower global potash prices, is expected to cause Nutrien's full-year 2023 Potash adjusted EBITDA to fall below its previous guidance range.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:47 am

CHH

Choice Hotels has projected that it will generate more than 10% adjusted EBITDA growth at the midpoint in 2024.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:37 am

AA

Wolfe Research analyst Timna Tanners has downgraded Alcoa (NYSE:AA) from Peer Perform to Underperform and set a price target of $25.

Portfolio Pulse from richadhand@benzinga.com

July 11, 2023 | 10:31 am

RBA

National Bank Financial Inc's analyst Maxim Sytchev maintains an 'Outperform' rating on RB Global (NYSE:RBA) and raises the price target from $61 to $70.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 10:20 am

BTCUSD

In June 2022, Snoop Dogg expressed confidence in the crypto industry's ability to rebound and thrive in the long run. He described the crypto industry as a beautiful industry and saw the market crash as a necessary process to cleanse the industry from bad actors. Those who invested $100 in Bitcoin (BTC) on the day he voiced his admiration for the sector would have gained profits of 50.27%, totaling $150.27.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 10:20 am