Benzinga Daily Stocks To Watch

Can Apple's iPhone Sales Outperform The Smartphone Industry?


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Straight from Benzinga newsdesk, hosts Brent Slava and Steve Krause bring you the market news and stocks to watch.

On Fridays Benzinga's resident Options Expert Ryan Faloona joins us to spice things up.

Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659

  • AAPL - "Apple has started trial production of the iPhone 14 and plans to mass-produce it in August, according to people familiar with the matter. Moreover, Apple has told suppliers that the initial sales of the iPhone 14 will be higher than the iPhone 13 a year ago. Apple's expectations are in line with Wall Street analysts' expectations. Today, a growing number of analysts believe that if major economies fall into recession, Apple's iPhone sales could outperform the smartphone industry as a whole." (@Asli
  •  all of this will be too long for the on-screen display so maybe just grab the last line of the quote, the part i italicized)
  • TSLA - will likely report just after 4:05 p.m. EDT
  • GNRC - "After conducting a forensic financial review of Generac Holdings, Inc. (NYSE: GNRC), a highly promoted S&P 500 company often pitched to retail investors on CNBC as a play on home standby (back-up) (“HSBs”) and portable power generators during times of a weather crisis and power outages, Spruce Point believes shares are materially overvalued as Generac struggles to suppress core business challenges, while pivoting towards a highly speculative and unproven acquisition spree in clean energy products and services. By the Board’s own admission, Generac’s Chairman and CEO lacks the expertise to implement its strategy shift, which we believe is evident by our research which shows numerous shady M&A deals and partnership decisions" (@Asli
  •  same thing for this quote: prob put just the italics part on screen)
  • FCX - Long PUT butterfly anticipating a continuation of downward price action BOT 5 FCX 22JUL WKLY 25.00 PUTS SLD 5 FCX 22JUL WKLY 23.00 PUTS .25 DEBIT BOT 5 FCX 22JUL WKLY 21.00 PUTS stop .12 tgt .75


Today's 5 Stock Ideas:

  • Apple (AAPL) - "Apple has told suppliers that the initial sales of the iPhone 14 will be higher than the iPhone 13 a year ago," according to a report from China's Sina Finance.
  • Tesla (TSLA) - Will report quarterly results on Wednesday of next week. Analysts expect earnings of $1.98 per share on sales just over $17 billion.
  • Generac (GNRC) - On Friday, Benzinga will interview Ben Axler, the founder and Chief Investment Officer of research shop and short seller, Spruce Point Capital. Spruce Point's latest short report, issued on June 22, targeted Generac. Check out Benzinga's YouTube channel around 1:35 p.m. EDT Friday to see the live interview.
  • Freeport-McMoRan (FCX) - A play for continued downside in the stock by Benzinga Maven and world-class trader, Anne-Marie Baiynd. Baiynd, using options as a way to gain exposure to the trade idea, alerted traders in her chatroom on the Benzinga Pro platform she intends to take advantage of the potential "continuation of downward price action" in the stock.
  • Biomerica (BMRA) - Shares were up more than 20% in pre-market action following news the company's breast self exam will now be available for sale in Walmart (WMT).


Hosts:

Steve Krause Reach out to Steve at [email protected]

Sr. Reporter Benzinga Newsdesk

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Ryan Faloona Reach out to Ryan at [email protected]

Director of Customer Success

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.



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