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SAVE

Spirit Airlines (NYSE:SAVE) shares are trading lower after issuing soft Q2 2024 revenue guidance, with total revenue expected at $1.28 billion versus analyst estimates of $1.33 billion. Non-ticket revenue underperformed due to market shifts, leading to several analyst downgrades and price target reductions.

Portfolio Pulse from Dylan Berman

July 17, 2024 | 5:46 pm

DIS

NFLX

Disney is developing new technology to enhance user engagement on its streaming platforms, aiming to rival Netflix. The company is introducing personalized algorithms, customized promotional art, and pop-up live channels. Disney reported a slight revenue miss but beat EPS estimates in Q2, while Netflix reported strong revenue and subscriber growth.

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 5:45 pm

FOVL

IBKR

RUFF

Piper Sandler analyst Patrick Moley has raised estimates for Interactive Brokers Group, Inc. (NASDAQ:IBKR) following strong Q2 FY24 results. The company reported sales of $1.29 billion and EPS of $1.76, both beating analyst estimates. Moley projects 26% account growth in FY24 and increased EPS estimates. The analyst maintains an Overweight rating with a $140 price target. Barclays also raised its price target to $147. Investors can gain exposure via Alpha Dog ETF (NYSE:RUFF) and IShares Focused Value Factor ETF (NYSE:FOVL).

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 5:41 pm

BTCUSD

Mark Cuban believes that former President Donald Trump's re-election won't directly impact Bitcoin's price. Instead, Cuban points to broader economic factors such as lower tax rates, tariffs, and global geopolitical uncertainties as potential catalysts for Bitcoin's price appreciation. He speculates that Bitcoin could become a global 'safe haven' asset if the U.S. dollar's dominance wanes.

Portfolio Pulse from Murtuza Merchant

July 17, 2024 | 5:41 pm

AMBP

Ardagh Metal Packaging shares are trading lower following downgrades from UBS and Wells Fargo. UBS downgraded the stock from Buy to Neutral and reduced its price target from $5 to $3.75. Wells Fargo maintained an Equal-Weight rating but lowered its price target from $4.1 to $3.95.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:38 pm

NVO

Novo Nordisk faces a setback as the Dutch Health Care Institute advises against including Wegovy in basic insurance coverage due to cost-benefit concerns. This decision could impact Novo Nordisk's market in the Netherlands, where Wegovy is not yet available. The institute also highlighted a global shortage of semaglutide, Wegovy's primary ingredient.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 5:38 pm

AMZN

BYON

CZR

EBAY

JMIA

LOW

LULU

TSLA

Today's session saw significant options activity in the consumer discretionary sector, with notable trades involving companies like Tesla, Jumia, Caesars Entertainment, eBay, Brunswick, Wayfair, Amazon, Lululemon, Beyond Meat, and Lowe's. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting the short-term stock prices of these companies.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:35 pm

EVLV

Evolv Technologies is starting the rollout of its security technology in NYC subways, as announced by Mayor Adams.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:32 pm

EME

EMCOR Group (NYSE:EME) has significantly outperformed the market over the past 15 years, delivering an average annual return of 20.74%. A $1000 investment in EME 15 years ago would be worth $17,687.02 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:30 pm

Zscaler (NASDAQ:ZS) has outperformed the market over the past 5 years, delivering an average annual return of 18.31%. A $100 investment in ZS stock 5 years ago would be worth $231.77 today. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:30 pm