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HIMS

Hims & Hers Health shares are trading higher following the appointment of former Novo Nordisk President and COO Kåre Schultz to its board.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:39 pm

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U.S. stocks traded higher with the NASDAQ Composite gaining around 300 points. The S&P 500 rose by 1.09%, and the Dow increased by 0.19%. Information technology shares jumped by 1.7%, while energy shares fell by 0.2%. Verizon shares fell 6% after missing sales estimates. MIRA Pharmaceuticals shares surged 368% on positive preclinical study results. Tellurian shares rose 66% on acquisition news. Serve Robotics shares increased 33% after Nvidia disclosed a stake. CrowdStrike shares dropped 14% due to downgrades and a major outage. Ryanair shares fell 16% on lower profits. Savers Value Village shares declined 15% following a downgrade.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 6:33 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares are trading lower due to concerns over the company's deteriorating liquidity position and potential balance sheet restructuring. The stock has dropped from $6.20 last Thursday to $5.80 on Monday, trading at the lower end of its 52-week range. The company is expected to release quarterly earnings on August 5, with analysts predicting a loss of 51 cents per share and revenue of $87.80 million.

Portfolio Pulse from Dylan Berman

July 22, 2024 | 6:32 pm

AMC

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AMC Entertainment Holdings Inc (NYSE:AMC) announced a restructuring of its debt load, including issuing new secured term loans and converting exchangeable notes into equity. The company aims to reduce its debt by $464 million and extend debt maturities. CEO Adam Aron stated that box office challenges are now behind them, and they expect strong growth in the coming years. AMC shares were halted following the announcement.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 6:31 pm

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Coal prices are expected to rise in late summer and fall due to supply outages in Australia and the US. Key incidents include mine fires in Australia and West Virginia, and a lock and dam closure in Alabama. These disruptions will tighten supply, potentially benefiting coal producers like Anglo American, Peabody Energy, Warrior Met Coal, Alpha Metallurgical Resources, and Whitehaven Coal.

Portfolio Pulse from Matt Whittaker

July 22, 2024 | 6:31 pm

OXY

Recent options trading activity for Occidental Petroleum (NYSE:OXY) indicates a bearish sentiment among big-money investors. Benzinga's options scanner detected 19 unusual trades, with a majority being bearish. The price range targeted by these trades is between $55.0 and $70.0. Currently, OXY is trading at $62.3, down by 1.31%.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 6:31 pm

Cigna Group (NYSE:CI) has outperformed the market over the past 20 years with an average annual return of 14.94%, significantly higher than the market average. A $100 investment in CI stock 20 years ago would be worth $1,660.76 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 6:30 pm

EQT

EQT (NYSE:EQT) has outperformed the market over the past 5 years with an annualized return of 20.09%, resulting in a $1000 investment growing to $2,411.61. The current market capitalization of EQT is $15.78 billion.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 6:30 pm

HIMS

Hims & Hers shares increased by 5.3% following the announcement of Kåre Schultz, former President and COO of Novo Nordisk, joining the company's board.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:29 pm

SOFI

Market whales have taken a predominantly bearish stance on SoFi Techs (NASDAQ:SOFI) options, with 64% of trades being bearish. The price range targeted by these trades is between $3.0 and $10.0. Analysts have mixed ratings, with price targets ranging from $7 to $10.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 6:15 pm