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PGHL

Primega Group Holdings Limited (NASDAQ:PGHL) is set to IPO on July 23 on the NASDAQ exchange with shares priced between $4.00 and $6.00. The company operates in soil and rock transportation, diesel oil trading, and construction works in Hong Kong.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 3:00 pm

AAPL

NFLX

Apple Inc (NASDAQ:AAPL) is adjusting its Hollywood strategy to cut costs on original shows after spending over $20 billion with limited success. The company plans to control project spending and cancel underperforming series faster. Apple TV+ captures only 0.2% of TV viewing in the U.S., significantly lower than competitors like Netflix Inc (NASDAQ:NFLX).

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 2:57 pm

T

VZ

AT&T Inc (NYSE:T) shares are trading lower by 3.03% to $18.54 in sympathy with Verizon Communications Inc. (NYSE:VZ), which reported a second-quarter revenue miss. Verizon's sales of $32.8 billion fell short of the $33.1 billion estimate, raising concerns about the telecom sector's ability to meet revenue expectations. Despite Verizon's growth in wireless service revenue and net additions, its mixed performance signals potential sector-wide volatility, impacting investor confidence in AT&T.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 2:53 pm

AAPL

CRWD

MSFT

CrowdStrike Holdings, Inc (NASDAQ:CRWD) experienced a significant stock price drop following a failed software update that disrupted Microsoft Corp (NASDAQ:MSFT) systems, affecting critical global services. Several analysts downgraded CrowdStrike, citing concerns over pricing, renewals, and potential litigation. Despite the outage, some analysts remain optimistic about CrowdStrike's long-term prospects.

Portfolio Pulse from Anusuya Lahiri

July 22, 2024 | 2:51 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to release its second-quarter earnings report on July 23. Market strategist Jay Woods highlights that Tesla's stock is up 31% in the last month but has not reached its all-time highs. Woods emphasizes that Tesla is more of a technology and Elon Musk story rather than just an EV story. The delay of the Aug. 8 robotaxi event to October and potential political changes could impact the EV market. However, Tesla's innovative edge and Musk's leadership are key reasons to invest.

Portfolio Pulse from Chris Katje

July 22, 2024 | 2:50 pm

RR

WMT

Richtech Robotics Inc. (NASDAQ:RR) shares surged 42.9% after installing its advanced robotic beverage system, ADAM, at Ghost Kitchens International Inc. in Dawsonville, Georgia. This marks the beginning of a partnership to install ADAM in 240 locations, starting with a site inside a Walmart Inc. (NYSE:WMT). The collaboration aims to enhance operational efficiency and customer experience in the food and beverage industry.

Portfolio Pulse from Lekha Gupta

July 22, 2024 | 2:47 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading higher following a report that the company and Volkswagen have established joint project houses in China to develop EV infrastructure. The partnership aims to begin production of EV architecture by 2026. Additionally, the People's Bank of China announced an interest rate cut to stimulate the economy.

Portfolio Pulse from Erica Kollmann

July 22, 2024 | 2:47 pm

MU

Whales have taken a bearish stance on Micron Technology (NASDAQ:MU), with 53% of recent options trades being bearish. Significant trades include both puts and calls, with a notable volume and open interest in the $95.0 to $180.0 price range. Analysts maintain a generally positive outlook with high target prices.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 2:46 pm

FSLR

Investors have taken a bearish stance on First Solar (NASDAQ:FSLR) as observed through recent options market activity. Benzinga's options scanner detected 8 significant trades, with a majority being bearish. The stock is currently trading at $221.95 with an upcoming earnings announcement in 8 days. Analysts have mixed ratings with an average target price of $293.8.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 2:46 pm

ANF

TSLA

The article reviews the performance of trades exited last week, specifically focusing on Abercrombie & Fitch (ANF) and Tesla (TSLA). The ANF stock was bought at $171.54 and stopped out at $150.79, resulting in a 12% loss. A call spread on TSLA was entered at a net credit of $1.50 and expired worthless, yielding a 150% profit.

Portfolio Pulse from David Pinsen

July 22, 2024 | 2:41 pm