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SPY

FundStrat's Tom Lee, a bullish analyst, predicts a 1% rally in the S&P 500 Index this week, expecting the consumer price inflation (CPI) report to show a lower than expected inflation rate of 0.2% or less. This would be the lowest since August 2021, indicating that the Federal Reserve is achieving its target inflation levels. Lee also sees China's deflationary trend positively impacting the U.S. The SPDR S&P 500 ETF Trust (NYSE:SPY) slightly declined by 0.03% to $438.46.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 2:16 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) has expanded its partnership with the U.S. Department of Defense's Defense Innovation Unit (DIU) to develop a high-power battery pack. This partnership validates Canoo's technological and operational reliability for demanding U.S. government projects. The battery pack will set the standard for energy-dense lithium batteries for the U.S. Navy. Despite this, GOEV shares are trading lower by 2.3%.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 2:12 pm

META

Meta Platforms Inc's (NASDAQ:META) shares rose by 0.87% after its Threads platform reached 100 million users within five days of its release, making it the fastest-growing consumer application in history. The previous record was held by ChatGPT, which reached the same milestone in two months. Threads is a text-only app introduced as a competitor to Twitter.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 2:12 pm

ASST

BFRG

CVNA

ZEV

The article lists potential short squeeze stocks to watch, including Asset Entities, Lightning eMotors, Bullfrog AI, Carvana, and others. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. The top five short squeeze candidates are Asset Entities, Intuitive Machines, Toro Corp, MoonLake Immunotherapeutics, and Lightning eMotors.

Portfolio Pulse from Chris Katje

July 10, 2023 | 2:07 pm

BLK

BlackRock's stock has been upgraded from Market Perform to Outperform by Keefe, Bruyette & Woods, which also raised its price target from $770 to $835. This has resulted in BlackRock shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:07 pm

AMZN

Nearly 900 workers at an Amazon warehouse in Coventry, U.K., will stage a three-day strike from July 11-13 over a pay dispute, according to labor union GMB. The strike will coincide with Amazon's Prime Day sales event. The Coventry warehouse does not directly impact customer orders, so there will be no disruption to customers. JPMorgan predicts that Amazon will generate approximately $7 billion in revenue from its Prime Day sales.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 2:07 pm

AUR

BanyanHill's True Momentum Newsletter has taken a long position on Aurora Innovation. This suggests a positive outlook on the company's future performance.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:02 pm

SWAV

ShockWave Medical (NASDAQ:SWAV) has received various analyst ratings in the last quarter, with a total of 3 bullish, 2 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The average price target for the stock is $290.44, indicating an upside from the current price of $277.549. This average price target has increased by 8.9% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:01 pm

EPAM

Over the last quarter, 20 analysts have given ratings for EPAM Sys (NYSE:EPAM). The company has received 5 bullish, 5 somewhat bullish, 9 indifferent, and 1 somewhat bearish ratings. The average 12-month price target for EPAM Sys is $271.8, a 22.82% decrease from the previous average price target of $352.17.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:01 pm

IVZ

In the last quarter, Invesco (NYSE:IVZ) received indifferent ratings from six analysts, with an average price target of $18.04, implying an upside from the current price of $17.2. The average price target has increased by 4.28% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:01 pm