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BIDU

Baidu Inc.'s shares have increased by 12.97% in the past three months. The company's total debt stands at $12.14 billion, with $9.16 billion in long-term debt and $2.98 billion in current debt. After adjusting for $7.71 billion in cash-equivalents, the net debt is $4.43 billion. Baidu's total assets are $56.69 billion, making the debt-ratio 0.21. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:00 pm

RXST

RxSight (NASDAQ:RXST) has received 4 bullish and 2 indifferent analyst ratings in the last quarter. The average price target is $26.0, which is lower than the current price of $30.77. The average price target has increased by 22.64% over the past month.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:00 pm

AVB

Over the past 3 months, 8 analysts have published their opinion on AvalonBay Communities (NYSE:AVB) stock. The average price target for AVB has increased by 5.65% from the previous average price target of $186.88 to $197.44. The ratings are generally positive with 2 bullish, 1 somewhat bullish, and 5 indifferent ratings.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:00 pm

JEF

Analysts have provided mixed ratings for Jefferies Financial Gr (NYSE:JEF) in the last quarter, with 1 somewhat bullish, 1 indifferent, and 2 somewhat bearish. The company has an average 12-month price target of $33.75, which has increased by 7.72% over the past month.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 1:00 pm

CYBR

HACK

IHAK

MSFT

Microsoft Corp (NASDAQ:MSFT) has reported a breach by China-based hacking group, Storm-0558, into email accounts linked to Western European government agencies. The breach, which remained undetected for about a month, affected approximately 25 organizations. Microsoft discovered the breach in mid-June and has since notified the affected customers and completed mitigation efforts. The company is also partnering with the Department of Homeland Security's cyber defense agency to address the breach. MSFT shares traded higher by 1% at $335.81 premarket on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 12:59 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) is expected to report higher Q2 earnings of $2.37 per share, up from $1.44 per share a year ago. The company's revenue is projected to be $14.45 billion. Delta Air shares rose 0.4% to close at $48.66 on Tuesday. Several analysts have recently updated their price targets for the company, with most predicting an upside.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:58 pm

PIXY

ShiftPixy Inc has priced its public offering of 2.06 million units at $1.50 per unit, expecting to raise approximately $3.1 million. The proceeds will be used for general corporate purposes, including working capital. Following the announcement, ShiftPixy's shares fell by 33.5%.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 12:55 pm

HIVE

Trading of shares in Hive Blockchain Technologies has been halted due to pending code news.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:55 pm

ATVI

MSFT

Activision Blizzard, Inc. (NASDAQ:ATVI) stock traded sharply higher after Microsoft Corp (NASDAQ:MSFT) won a court permit to proceed with its $69 billion acquisition of Activision. The decision means Microsoft could close its merger with Activision ahead of a July 18 deadline, except in the U.K., which vetoed the deal. Activision shares jumped 10% to close at $90.99 on Tuesday.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:52 pm

GLD

SPY

The U.S. consumer price index (CPI) inflation decelerated more than predicted in June, leading to a drop in the annual inflation rate from 4% in May to 3% in June. This has increased investor conviction that the Fed may decide for only one more rate hike and then halt its tightening cycle. Following the release of the data, the dollar tumbled, treasury yields declined, and S&P 500 futures rose. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the SPDR Gold Trust ETF (NYSE:GLD) were positively impacted.

Portfolio Pulse from Piero Cingari

July 12, 2023 | 12:49 pm