SNOW.NY 5.90%
Snowflake Inc – J.P. Morgan upgrades stock to “overweight” from “neutral”, saying SNOW enjoys excellent standing among customers. The note mentions “Snowflake’s broad-based appeal being underscored by its large, fast growing blue-chip customer base, while its existing customers continue to expand at a rapid pace as well”. Brokerage expects co to continue to grow revenue at a rapid scale.
BIG Tech – Back on watch higher across the board premarket as the market continues to look for strength, META shares are higher after giving back most of yesterday’s rally late in the session, the company along Microsoft and other tech giants that are racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies’ nascent digital worlds compatible with each other, AAPL was not included in the group. META also said Instagram is testing new options for users to verify their age on the platform, starting with people in the United States.AMZN meanwhile remains relatively strong ahead of Prime Day coming up July 12th and 13th. AAPL, META, MSFT, GOOGL, AMZN
Chinese EV Stocks – Rallying this morning with NIO looking to extend recent gains, LI Auto shares are also sharply higher and set for their biggest daily pct rise since June 6, LI unveiled its flagship six-seat smart SUV Li L9, equipped with dual-motor featuring NCM lithium battery, a turbo-charged engine and its self-developed autonomous driving system, with delivery to commence by the end of August. NIO, LI, XPEV
RAD.NY 4.17%
Rite Aid Corp – Higher premarket after raising its outlook for fiscal 2023 revenue due to increased utilization of higher-cost drugs at its pharmacy benefits business. The company said it expects fiscal 2023 total revenue between $23.6 bln and $24.00 bln versus analysts’ estimates of $22.91 bln. Expects fiscal 2023 adjusted net loss per share between $0.66 and $1.19, smaller than analysts’ estimates of $1.41/shr. Reported revenues of $6.01 billion, compared to prior year revenues of $6.16 billion. Net Loss per Share of $2.03, compared to prior year net loss per Share of $0.24.
Crypto Stocks – Higher premarket as BTC rallies back toward $21k again, COIN shares are up 2% after the company announced it will retire COINBASE PRO in favor of one unified account. COIN, MSTR, BTBT, MARA, RIOT, SI
REV.NY -3.56%
Revlon – Back on watch trading lower for the second straight session signaling a possible end to the three-day win streak that followed its Chapter 11 bankruptcy filing last week.
BHAT.NQ 83.51%
Blue Hat Interactive – Higher after withdrawing a proposal to offer shares and pre-funded warrants, announced on June 17, after market close.
PEV.NQ 3.26%
Phoenix Motor – Micro cap (2.3m float) California based EV company back on watch after yesterday’s big move, retail and online chatter increased for a second straight session.

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