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ACAD

AEHR

AIMD

LUNR

NKLA

Aehr Test Systems (NASDAQ:AEHR) shares rose 4.4% in pre-market trading after reporting better-than-expected results for its fourth quarter. The company expects FY24 revenue to be at least $100 million and GAAP net income of at least $28 million. Other notable pre-market movers include Ainos, Inc. (NASDAQ:AIMD), Intuitive Machines, Inc. (NASDAQ:LUNR), Nikola Corporation (NASDAQ:NKLA), and ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD).

Portfolio Pulse from Lisa Levin

July 14, 2023 | 12:16 pm

LILM

Lilium has announced the pricing of an upsized $192 million offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:16 pm

LESL

Leslie's has issued preliminary Q3 2023 adjusted EPS and sales results that are below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:15 pm

UUP

Economist Peter Schiff warns that the dollar index's fall to a 1-year low could reverse progress on inflation. He predicts the index could drop to 90, pushing oil prices above $100 and increasing U.S. import costs. The Invesco DB US Dollar Index Bullish Fund (NYSE:UUP) fell 0.68% to $27.57.

Portfolio Pulse from Shanthi Rexaline

July 14, 2023 | 12:15 pm

TELUS has issued FY23 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:13 pm

ELAN

Elanco Animal Health's shares are trading higher following the announcement that the Environmental Protection Agency (EPA) has completed its review of the Seresto collar and confirmed its continued registration.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:12 pm

JPM

JPMorgan Chase & Co reported Q2 net revenue of $42.4 billion, up 34.1% YoY, beating the consensus of $38.96 billion. Noninterest revenue was $20.5 billion, up 25%, driven by higher CIB Markets noninterest revenue. Net interest income increased by 44% YoY to $21.9 billion. Q2 Consumer & Community Banking revenue increased 37% YoY to $17.23 billion. Assets under management stood at $3.2 trillion (+16% Y/Y), and client assets stood at $4.6 trillion (+20% Y/Y). JPM shares are trading higher by 2.75% at $152.97 premarket.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 12:09 pm

OGI

Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) reported a 14% YoY decline in Q3 revenue to CA$32.8 million ($25 million), impacted by THC inflation. The company also reported a gross loss of CA$4.7 million and a net loss of CA$213.5 million. However, Organigram expects Q4 fiscal 2023 net revenue to be higher than Q3 and to achieve positive adjusted EBITDA. The company's shares were trading 12.91% lower in Friday's pre-market session.

Portfolio Pulse from Vuk Zdinjak

July 14, 2023 | 12:06 pm

ACAD

AIN

BYD

COIN

MCD

MSFT

NOV

OUST

SBUX

SPOT

Several companies have had their price targets adjusted by various analysts. Keybanc raised Spotify's target from $180 to $205, while Morgan Stanley increased Boyd Gaming's target from $69 to $75. Chardan Capital raised Ouster's target from $1 to $10, and Raymond James reduced NOV's target from $29 to $27. Stephens & Co. raised McDonald's target from $300 to $325 and Starbucks' from $103 to $110. Needham increased Coinbase's target from $70 to $120, while JP Morgan cut AT&T's target from $22 to $17. UBS raised Microsoft's target from $345 to $400, Baird increased Albany International's target from $101 to $120, and HC Wainwright & Co. raised ACADIA Pharmaceuticals' target from $28 to $33.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 12:02 pm

PGR

Progressive (NYSE:PGR) has received mixed analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, 6 indifferent, 1 somewhat bearish, and 4 bearish. The average price target is $138.57, implying an upside from the current price of $114.78. This average has decreased by 3.1% from the previous average price target of $143.00.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 12:01 pm