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Stock Prices

KBE

KRE

SPY

XLF

The Federal Reserve's Logan has stated that the overall banking system is strong, according to Reuters. This could potentially impact the performance of banking and financial sector ETFs.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:43 pm

GOOGL

META

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, META, GOOGL, TSLA, and NVDA. The memo suggests monitoring these stocks for potential breakouts or reversals. The US equity futures have declined following the release of FOMC minutes hinting at a potential tightening of monetary policy. The memo also mentions that tech received a boost yesterday driven by Meta and NVIDIA, but overnight selling pressure has brought the QQQ towards the support level.

Portfolio Pulse from RIPS

July 06, 2023 | 1:43 pm

KZIA

Kazia Therapeutics Ltd (NASDAQ:KZIA) shares are trading higher after the company announced it received FDA Fast Track Designation for its lead program paxalisib, a treatment for solid tumor brain metastases. The designation was based on clinical data from an ongoing Phase 1 clinical trial. Further data from the study is expected in Q1 2024.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 1:41 pm

Sweetgreen Inc's (NYSE:SG) stock is trading higher by 5.98% after B of A Securities analyst Sara Senatore upgraded the shares from Neutral to Buy and raised the price target from $9 to $17. The company also announced it will release its Q2 2023 financial results on July 27.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 1:40 pm

BTCUSD

ETHUSD

XECUSD

ZILUSD

Bitcoin (BTC) traded above $30,500 while Ethereum (ETH) fell below $1,900. The top gainer over the past 24 hours was eCash (XEC), while Zilliqa (ZIL) was the biggest loser. The global crypto market cap fell to $1.19 trillion, recording a 24-hour gain of 0.1%. Other notable gainers and losers include Bitcoin Cash (BCH), Frax Share (FXS), Bitcoin SV (BSV), Solana (SOL), Enjin Coin (ENJ), Lido DAO (LDO), Filecoin (FIL), and Fantom (FTM).

Portfolio Pulse from Lisa Levin

July 06, 2023 | 1:40 pm

META

Meta Platforms Inc.'s latest app Threads has become the fastest app to cross the 1 million users mark, beating ChatGPT's record. Threads reached the milestone in one hour and crossed 10 million users in seven hours. The app's rapid growth may have been fueled by recent decisions by Elon Musk that made Twitter inaccessible to millions of users.

Portfolio Pulse from Rounak Jain

July 06, 2023 | 1:39 pm

SPY

Federal Reserve official Lorie Logan stated that underestimating inflation did not lessen the impact of the tightening process. This statement suggests that the Fed's monetary policy decisions remain effective despite the unexpected rise in inflation.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:39 pm

Bank of America Securities has upgraded Sweetgreen's stock from Neutral to Buy and increased its price target from $9 to $17. This has resulted in Sweetgreen shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:38 pm

BABA

BAC

BKE

COTY

FIS

GENI

GOOG

JBLU

MARA

SSNLF

STLA

TSCDF

XOM

Several companies have made significant announcements. Google has criticized India's antitrust body for allegedly favoring Amazon. Samsung Electronics expects a 96% drop in Q2 profit due to an oversupply of chips. General Motors anticipates compliance challenges with new EPA emissions rules. Tesco plans to offer virtual GP appointments to its UK staff. Exxon anticipates a decrease in Q2 earnings due to lower natural gas prices and refining margins. Stellantis will resume construction at its battery plant in Windsor, Canada. Fidelity National is selling a 55% stake in Worldpay to GTCR. Bank of America plans to increase its dividend by 9%. Coty has raised its Q4 and FY23 outlook due to strong demand. Genius Sports has extended its deal with the NFL. Marathon Digital's June Bitcoin production has increased by 599% Y/Y. Buckle has reported a decline in June sales. Alibaba and other Chinese stocks are trading lower due to signs of a slowdown in mainland China. JetBlue plans job cuts in New York and Boston but assures no furloughs.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 1:34 pm

LLAP

Trading of shares for Terran Orbital has been halted due to pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:29 pm