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Stock Prices

SPY

CNBC's Jim Cramer expressed caution about the current market rally, stating that he doesn't 'like the feel' of it. His comments come as the Nasdaq Composite and S&P 500 Index reach 15-month highs. The market is showing resilience despite economic and geopolitical challenges, but the Federal Reserve's hawkish minutes have triggered a global market plunge, raising concerns about a potential market retreat in the U.S. Upcoming economic data releases and the Federal Reserve meeting on July 25 and 26 will heavily influence market sentiment.

Portfolio Pulse from Shanthi Rexaline

July 06, 2023 | 12:17 pm

SPY

The ADP Nonfarm Employment Change for June reported a 497K increase, significantly higher than the estimated 228K. This positive labor market data could potentially influence the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:15 pm

GOOG

ON

PANW

SNAP

Insiders at Alphabet Inc., Palo Alto Networks, Snap Inc., and ON Semiconductor have recently sold shares. The reasons for these sales are not clear, but they could be due to preplanned sales or concerns about the companies' prospects. These sales should not be the sole indicator for investment decisions, but they can lend conviction to a selling decision.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 12:12 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a 599% YoY increase in Bitcoin production for June, despite a 21% decrease from May due to weather-related curtailment in Texas and a decrease in transaction fees. The company also announced the start of mining operations in its new joint venture in Abu Dhabi. As of July 1, Marathon holds 12,538 BTC, all unrestricted, and ended June with $113.7 million in unrestricted cash and equivalents.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 12:11 pm

AFRM

Affirm Holdings, Inc (NASDAQ:AFRM) stock is trading lower after Piper Sandler analyst Kevin J. Barker downgraded the stock from Neutral to Underweight with a price target of $11.00. Barker expects higher rates to pressure operating margins as AFRM needs to hold more loans on the balance sheet. He also expects tighter underwriting standards, increased pricing, and the re-introduction of student debt payments to cause a slowdown in revenue growth over the next year.

Portfolio Pulse from Anusuya Lahiri

July 06, 2023 | 12:09 pm

LI

NIO

XPEV

Chinese EV manufacturer Li Auto has outperformed traditional automakers in China's EV market, delivering nearly 87,000 cars in the last quarter, a threefold increase from the previous year. Meanwhile, deliveries for competitors Xpeng and Nio fell over the same period. Traditional automakers like Guangzhou Automobile and Geely Automobile are also adapting their strategies to the growing EV market. The latter's premium Zeekr brand has seen rapid growth, with deliveries increasing 147% YoY in June.

Portfolio Pulse from Benzinga Newsbot

July 06, 2023 | 12:07 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) has priced a public offering of 11.11 million common shares at $0.45 per share. The offering also includes common warrants to purchase up to the same number of shares, exercisable at the same price. The gross proceeds from the offering are expected to be around $5.0 million, which will be used for research and development, working capital, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:05 pm

DUK

Duke Energy (NYSE:DUK) has received various analyst ratings in the last quarter, with 2 bullish, 3 somewhat bullish, and 6 indifferent. The average 12-month price target for the company, according to 11 analysts, is $104.36, a decrease of 2.37% from the previous average of $106.89.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 12:04 pm

MGA

Over the past 3 months, 8 analysts have published their opinion on Magna International (NYSE:MGA) stock. The average price target is $58.62, implying an upside from the current price of $56.48. The current average has increased by 5.15% from the previous average price target of $55.75.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 12:04 pm

AKU

MULN

VBIV

The article lists the top gainers and losers in pre-market trading. Notable gainers include Akumin Inc., Mullen Automotive, and Micromobility.com Inc. On the other hand, Allarity Therapeutics, VBI Vaccines, and Tattooed Chef are among the biggest losers. The article also mentions several other companies that experienced significant changes in their stock prices.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 12:04 pm