Latest news for DNB Bank (OTC:DNBBY) Stock

DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal customers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, most notably oil and gas, shipping, and commercial real estate. The group's strategy emphasizes cost efficiency and customer service.

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Another quarterly earnings season is about to kick off.

This Week: JPMorgan, Pepsi, Delta Air Lines, ConAgra Among Companies To Report Earnings

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DNB Asset Management, a unit of Norway’s largest financial group DNB Bank ASA (OTC: DNBBY), increased its position in Apple Inc. (NASDAQ: AAPL), Tesla Inc.

Apple, Tesla, Nio, Palantir, And More: Stocks Norway&#39;s Largest Financial Services Group Bought In Q2

DNB Bank ASA

Spectral AI, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/MDAI#NASDAQ">MDAI</a>) ("Spectral AI" or the "Company"), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced continuing progress in the development of DeepView SnapShot&#xAE;&nbsp;M, a handheld diagnostic tool targeted for use in battlefield burn assessment that is based on the Company's AI-driven DeepView&#x2122; System platform. &nbsp;
Burn wounds account for a significant portion of combat-related injuries, often resulting from explosive device detonation, penetrating injuries or other trauma. However, the availability of burn wound assessment and treatment expertise is often lacking in a battlefield setting.

MDAI

Spectral AI Continuing Progress In Development Of Handheld DeepView SnapShot M For Military Field Use

Baird analyst Wesley Golladay maintains Kite Realty Gr Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRG#NYSE">KRG</a>) with a Neutral and raises the price target from $25 to $26.

Price Target

Analyst Ratings

Baird Maintains Neutral on Kite Realty Gr Trust, Raises Price Target to $26

WIIM

Cencora shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 adjusted EPS guidance above estimates.

Small Cap Consumer Research analyst Eric Beder reiterates a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) with a Buy and maintains $25 price target.

Reiteration

Small Cap Consumer Research Reiterates Buy on a.k.a. Brands Holding, Maintains $25 Price Target

Baird analyst Jeffrey Meuler maintains Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) with a Outperform and raises the price target from $517 to $565.

Baird Maintains Outperform on Gartner, Raises Price Target to $565

Avalon GloboCare Corp. ("Avalon" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/ALBT#NASDAQ">ALBT</a>), a developer of innovative cell-based technology, cellular therapy and precision diagnostics, today announced that Laboratory Services MSO, LLC ("LSM") has launched a direct-to-consumer and non-invasive DNA test in the U.S. that tests for potential predisposition to opioid dependence. To purchase or find out more information, please visit <a href="https://www.globenewswire.com/Tracker?data=n4ZXPR5f35s_LdJqmLeA0riv8sYFJUozzKJfdSljI8H8ZCmDNdHfsvPKBKDuYPbpVfeXgJ-speCRj3ct9T27_8TZ0wXECm1JzpAPyrTtNKI=">www.dna4addiction.com</a>. Avalon owns a 40% equity interest in LSM.

Biotech

General

ALBT

Avalon's Laboratory Services MSO Launches DNA Testing Kit For Predisposition To Opioid Addiction

Baird analyst William Power maintains Informatica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) with a Outperform and lowers the price target from $43 to $35.

INFA

Baird Maintains Outperform on Informatica, Lowers Price Target to $35

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) with a Buy and maintains $5 price target.

SGMO

HC Wainwright & Co. Reiterates Buy on Sangamo Therapeutics, Maintains $5 Price Target

DuPont De Nemours, Inc. (NYSE:&nbsp;DD) shares are trading higher after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com//node/40061638" rel="noreferrer noopener">second-quarter adjusted EPS and sales.</a>
Sales rose 2%&nbsp;Y/Y to&nbsp;$3.171 billion,&nbsp;beating the consensus of&nbsp;$3.049 billion. Organic sales remained flat Y/Y, with a 2% increase in volume offset by a 2% decrease in price.
Organic sales by region YoY: EMEA&nbsp;-7%,&nbsp;U.S./Canada&nbsp;-2%&nbsp;and Asia Pacific&nbsp;+3%.
DuPont's operating EBITDA rose 8%&nbsp;Y/Y to $798 million, and its margin expanded by 130 bps Y/Y to&nbsp;25.2%.
Electronics &amp; Industrial sales totaled&nbsp;$1.508 billion&nbsp;(+15%&nbsp;Y/Y), and the operating EBITDA margin expanded by 120 bps Y/Y to&nbsp;27.8%.
Water &amp; Protection sales were&nbsp;$1.391 billion&nbsp;(-7%&nbsp;Y/Y), and the operating EBITDA margin expanded by 10 bps Y/Y to&nbsp;24.7%.
Adjusted EPS for the quarter was&nbsp;$0.97 (+14% Y/Y),&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$0.85.</a>
Operating cash flow from continuing activities for the quarter was $527 million, compared to $400 million a year ago. Adjusted free cash flow was $425 million (+53% Y/Y). As of June-end, DuPont held cash and equivalents of $1.51 billion.
Lori Koch, DuPont Chief Executive Officer, said, &#8220;Earlier this week we announced the closing of the Donatelle acquisition which expands our healthcare offerings through enhanced expertise in medical device markets closely related to the Spectrum business which we purchased last year.&#8221;
&#8220;In addition, we are advancing our strategic priorities and have made progress in planning key actions and milestones related to our previously announced intent to separate our electronics and water businesses.&#8221;
Q3 Outlook: DuPont expects net sales of ~$3.20 billion versus the consensus of $3.20 billion, and A<a href="https://www.benzinga.com/calendars/guidance">djusted EPS of ~$1.03 against the consensus of $1.01.</a>
Antonella Franzen, DuPont Chief Financial Officer, said, &#8220;For the third quarter of 2024, we expect a return to year-over-year organic sales growth for DuPont led by E&amp;I with sales and earnings growth expected from W&amp;P beginning in the fourth quarter.&#8221;
2024 Outlook: DuPont raised the outlook for adjusted EPS to $3.70 &#8211; $3.80 (from $3.45 – $3.75) versus $3.63 consensus and revenue of $12.40 billion &#8211; $12.50 billion (prior $12.1 billion – $12.4 billion) versus $12.26 billion consensus.
In May, the company&nbsp;announced its plan to split into three distinct publicly traded entities. The separation will include its Electronics and Water businesses, executed <a target="_blank" href="https://www.benzinga.com/news/24/05/38987084/whats-happening-with-chemical-company-duponts-shares-today" rel="noreferrer noopener">in a tax-free manner for shareholders</a>.
After the separation, New DuPont will continue as a premier diversified industrial company, while Electronics and Water will benefit from increased focus in their industries.
The separations, expected to be tax-free for U.S. shareholders, should be completed within 18 to 24 months, subject to customary conditions and regulatory approvals.
Related: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39044983/duponts-strategic-split-could-unlock-value-but-pfas-risks-loom-large-says-bofa-anal" rel="noreferrer noopener">DuPont&#8217;s Strategic Split Could Unlock Value, But PFAS Risks Loom Large, Says BofA Analyst</a>
Price Action: DD&nbsp;shares are up 4.50% at $84.03 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Large Cap

Guidance

Movers

TINT

Chemical Company DuPont Shines In Q2: Earnings Beat, Boosts Outlook

Baird analyst Peter Arment maintains Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) with a Outperform and raises the price target from $84 to $113.

Baird Maintains Outperform on Howmet Aerospace, Raises Price Target to $113

JBLU

JetBlue Signs Agreement With World Fuel Services To Supply Blended Sustainable Aviation Fuel At JFK Airport Starting Q4 2024; Initial 12-Month Deal Includes Minimum 1M Gallons Of Neat SAF With Option For Up To 4M Additional Gallons; JetBlue Invites New York Businesses To Help Scale SAF Market

Baird analyst David Rodgers maintains Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) with a Neutral and raises the price target from $27 to $30.

Baird Maintains Neutral on Highwoods Props, Raises Price Target to $30

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Compass Pathways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) with a Buy and maintains $120 price target.

CMPS

HC Wainwright & Co. Reiterates Buy on Compass Pathways, Maintains $120 Price Target

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40064718/boeing-reports-second-quarter-results" rel="noreferrer noopener">second-quarter 2024 results</a> and named Kelly Ortberg its new President and CEO, effective August 8, 2024.
Boeing reported a second-quarter revenue decline of 15% year-over-year to $16.866 billion, missing the consensus of $17.23 billion.
Adjusted loss per share expanded to $(2.90) from $(0.93) in the same quarter of 2024, missing the consensus of $(1.91).
The company stated that the results primarily reflect lower commercial delivery volume and losses on fixed-price defense development programs.
Boeing recorded an adjusted operating loss of $(1.392) billion for the quarter, compared to $(390) million a year ago. The core operating loss margin was (8.3)%.
Commercial Airplanes revenue fell 32% YoY to $6.003 billion, reflecting lower deliveries and planned higher period costs, including research and development.
Deliveries declined by 32%, and 92 airplanes were delivered, and the backlog included over 5,400 airplanes valued at $437 billion.
The 737 program gradually increased production during the quarter and still plans to increase production to 38 per month by year end.
Defense, Space &amp; Security revenue fell 3% year over year to $6.021 billion. The backlog was $59 billion, of which 31% represents orders from customers outside the U.S.
Global Services revenue grew by 3% YoY to $4.889 billion. The operating margin contracted 20 bps to 17.8%, reflecting higher commercial volume and mix.
Operating cash outflow for the six months ended June 30 totaled $(7.285) billion, compared to cash provided of $2.557 billion YoY; free cash outflow was $(4.3) billion.
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Boeing Q2 2024 Earnings Call &#x7C; $BA" width="500" height="281" src="https://www.youtube.com/embed/mraW07D-qZw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Debt was $57.9 billion, up from $47.9 billion at the beginning of the quarter due to the issuance of new debt.
At the end of the quarter, cash and investments in marketable securities totaled $12.6 billion, and the total company backlog was $515.874 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39928770/boeing-resumes-737-max-deliveries-to-china-after-regulatory-delay-report" rel="noreferrer noopener">Boeing Resumes 737 MAX Deliveries To China After Regulatory Delay: Report</a>
Additionally, Boeing announced Robert K. &#8220;Kelly&#8221; Ortberg as the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n40064789/boeing-board-names-kelly-ortberg-president-and-ceo" rel="noreferrer noopener">company&#8217;s new president and chief executive officer</a>, effective August 8, 2024. Ortberg will also serve on Boeing&#8217;s Board of Directors.
Ortberg, 64, has over 35 years of aerospace experience. He began at Texas Instruments in 1983, joined Rockwell Collins in 1987, and became CEO in 2013.
He led its integration with United Technologies and RTX until 2021. He serves on the boards of RTX and Aptiv PLC and is a former Chair of the Aerospace Industries Association.
Price Action: BA shares are trading higher by 2.06% at $190.70 premarket at the last check on Wednesday.
Photo via Shutterstock

Management

Tech

Boeing's Q2 Earnings: Huge Revenue Decline, Lower Deliveries, Names Former Aerospace Industries Association Chair Kelly Ortberg As New CEO

Baird analyst Michael Halloran maintains Hayward Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAYW#NYSE">HAYW</a>) with a Neutral and raises the price target from $16 to $19.

HAYW

Baird Maintains Neutral on Hayward Holdings, Raises Price Target to $19

Macro Economic Events

Econ #s

Economics

USA ADP Nonfarm Employment Change For July 122K Vs 147K Est.; 155K Prior

Baird analyst Ghansham Panjabi maintains Graphic Packaging Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>) with a Outperform and raises the price target from $30 to $36.

Baird Maintains Outperform on Graphic Packaging Holding, Raises Price Target to $36

Macro Notification

ADP Nonfarm Employment Change (Jul) +122K vs +147K Est.

Fibromyalgia is a "diagnosable condition" in people suffering from Long COVID according to NASEM1 &nbsp;
Diagnosing fibromyalgia in Long COVID patients is expected to expand the potential addressable market for Tonmya relative to pre-COVID-19 pandemic estimates2
Tonmya is a potential new first-line non-opioid analgesic under development for the management of fibromyalgia with Fast Track designation: NDA submission target is second half of 2024, with potential for FDA approval in 2025
CHATHAM, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) (Tonix or the Company), a fully-integrated biopharmaceutical company with marketed products and a pipeline of development candidates, today provided an update on the potential impact on the size of the fibromyalgia market for its development candidate Tonmya (TNX-102 SL or cyclobenzaprine HCl sublingual tablets), based on the new definition of Long COVID by the U.S. National Academies of Sciences, Engineering and Medicine (NASEM) announced on June 11, 20241.

TNXP

Tonix Pharmaceuticals Announces Potential Impact Of The U.S. National Academies New Definition Of Long COVID On The Size Of The Fibromyalgia Market For Tonmya

Baird analyst Michael Halloran maintains Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Neutral and raises the price target from $57 to $60.

Baird Maintains Neutral on Flowserve, Raises Price Target to $60

DNB Bank ASA Non-GAAP EPS of NOK 6.48, total income of NOK 20.4B

DNB Bank ASA (DNBBY) Q1 2024 Earnings Call Transcript

DNB Bank: Solid Performance, Duration Gap Being Solved

Warning: DNBBY is at high risk of cutting its dividend

In a report released today, Namita Samtani from Barclays maintained a Buy rating on DNB ASA (0O84 – Research Report), with a price target of NOK240...

Barclays Reaffirms Their Buy Rating on DNB ASA (0O84)

Kepler Capital analyst Christoffer Adams maintained a Buy rating on DNB ASA (0O84 – Research Report) on July 9 and set a price target of NOK237.00....

Kepler Capital  Sticks to Its Buy Rating for DNB ASA (0O84)

DNB Bank ASA 2024 Q2 - Results - Earnings Call Presentation

DNB Bank ASA (DNBBY) Q2 2024 Earnings Call Transcript

Berenberg Bank analyst Adam Barrass maintained a Hold rating on DNB ASA (0O84 – Research Report) on July 12 and set a price target of NOK205.00. Th...

Berenberg Bank Remains a Hold on DNB ASA (0O84)

Warning: DNBBY is at high risk of performing badly

DNBBF

DNB Bank

Another quarterly earnings season is <a href="https://www.benzinga.com/calendars/earnings?date_from=2023-07-10&amp;date_to=2023-07-14">about to kick off</a>.

In the first half of the year, the Dow Jones Industrial Average rebounded from a negative return in 2022. Through the first six months, 15 of the 30 stocks that<a href="https://www.benzinga.com/news/23/06/33080239/15-stocks-up-15-stocks-down-a-look-at-the-dow-jones-industrial-average-halfway-through-2023"> make up the composite index</a> were up, while 15 were down.

This week, expect plenty of investors and analysts alike to chime in on which stocks will be the most resilient heading into the second half of 2023 <a href="https://www.benzinga.com/news/23/07/33158559/recession-is-not-completely-off-the-table-despite-healthy-economy-janet-yellen">despite persistent inflation</a>.

Here are some of the corporates slated to announce earnings in the coming days:

<h2>MONDAY, July 10</h2>

<ul>
	<li>National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>), annual general meeting</li>
	<li>Helen of Troy Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>), Q1 2024 earnings</li>
</ul>

<h2>TUESDAY, July 11</h2>

<ul>
	<li>America Movil SAB de CV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>), Q2 2023</li>
	<li>Vision Marine Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMR#NASDAQ">VMR</a>), Q3 2023 earnings</li>
	<li>Velocity Composites PLC (LON: VEL), Q2 2023 earnings</li>
</ul>

<h2>WEDNESDAY, July 12</h2>

<ul>
	<li>Burberry plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BURBY#OTC">BURBY</a>), annual general meeting</li>
	<li>Tata Consultancy Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>), Q1 2024 earnings</li>
	<li>HCL Technologies (NSE: HCLTECH), Q1 2024 earnings</li>
	<li>DNB Bank ASA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNBBY#OTC">DNBBY</a>), Q2 2023 earnings</li>
	<li>Aeon Co. Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AONNF#OTC">AONNF</a>), Q1 2023 earnings</li>
	<li>Ocean Power Technologies Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>), Q4 2023 earnings</li>
	<li>American West Metals Ltd (ASX: AW1), Q4 2023 earnings</li>
</ul>

<h2>THURSDAY, July 13</h2>

<ul>
	<li>PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), Q2 2023 earnings</li>
	<li>Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), Q2 2023 earnings</li>
	<li>Fast Retailing Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FRCOY#OTC">FRCOY</a>), Q3 2023 earnings</li>
	<li>VMware Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMW#NYSE">VMW</a>), annual general meeting</li>
	<li>Cintas Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>), Q4 2023 earnings</li>
	<li>Fastenal Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>), Q2 2023 earnings</li>
	<li>Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), Q2 2023 earnings</li>
	<li>Wipro Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>), Q1 2024 earnings</li>
	<li>ConAgra Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), Q4 2023 earnings</li>
	<li>BT Group plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BTGOF#OTC">BTGOF</a>), annual general meeting</li>
	<li>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), Q2 2023 earnings</li>
	<li>Dr. Martens (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DOCMF#OTC">DOCMF</a>), annual general meeting</li>
	<li>BurgerFi International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>), annual general meeting</li>
	<li>Rocky Mountain Chocolate Factory Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>), Q1 2024 earnings</li>
</ul>

<h2>FRIDAY, JULY 14</h2>

<ul>
	<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Q2 2023 Earnings</li>
</ul>

Separately, the June consumer price index (CPI) report is set to be released Wednesday at 8:30 a.m. ET. Whether the results inspire a continued stock-market rally, or dampen the moods of bullish investors remains to be seen.

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/06/32838442/energy-driven-cpi-drop-in-may-contrasts-with-persistent-core-cpi-5-economists-specu">The June CPI reading</a> from the Bureau of Labor Statistics showed the inflation rate coming in at 4% year-on-year&nbsp;against the 4.1% forecasted, and marking a&nbsp;substantial drop from the <a href="https://www.benzinga.com/economics/macro-economic-events/23/05/32313915/cpi-inflation-slows-to-4-9-in-april-fueling-market-hopes-of-fed-rate-pause-in-jun">4.9% reported in April</a>.

Now Read: <a href="https://www.benzinga.com/news/23/07/33155886/second-wave-of-banking-crisis-incoming-crash-could-be-worse-than-2008-global-financial-crisis-says-e">Second Wave Of Banking Crisis Incoming, Crash Could Be Worse Than 2008</a>

DNB Asset Management, a unit of Norway&rsquo;s largest financial group DNB Bank ASA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNBBY#OTC">DNBBY</a>), increased its position in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) in the second quarter, while also initiating stakes in Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Li Auto Inc. (NASADQ: LI).

What Happened: DNB Asset Management said in a regulatory filing that it raised its stake in Apple to 3.86 million shares by acquiring 423,239 shares of the tech giant and also boosted its holdings in Tesla to 834,038 shares by buying an additional 713,216 shares in the EV maker.

Further, the firm bought an additional 582,664 shares in Nio to end the quarter with 618,585 shares in the Chinese electric vehicle maker.

In addition, the asset manager raised its stake in hydrogen fuel cell maker Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) to 435,885 shares by purchasing an additional 348,088 shares and upped its stake in renewable natural gas company Clean Energy Fuels Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>) to 737,459 shares with the purchase of an additional 40,344 shares.

DNB Asset Management initiated stakes in software maker Palantir Technologies and Chinese EV maker Li Auto by buying 49,559 and 14,299 shares in the two companies, respectively.

Meanwhile, DNB Asset slashed its holding in Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) by nearly half to 809,214 shares. It also trimmed its holdings in Facebook Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FB#NASDAQ">FB</a>) to 2.2 million shares by selling 916,874 shares and sold 8,939 shares in Jack Dorsey-led Square Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) for a final stake of 51,953 shares.

See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/07/21929526/virgin-galactic-sees-sky-high-wallstreetbets-interest-heading-into-new-week-krispy-kreme">Virgin Galactic Sees Sky-High WallStreetBets Interest Heading Into New Week; Krispy Kreme, AMC Other Top Interests</a>

Why It Matters: Companies such as Apple, Nio, Palantir Technologies and Clean Energy are seeing <a href="https://www.benzinga.com/trading-ideas/long-ideas/21/07/21868801/clover-health-tops-wallstreetbets-interest-chart-today-gamestop-amc-also-in-spotlight">increased interest</a> from retail investors. Apple is seeing higher interest amid rumors that the company&rsquo;s new iPhone series remains on track for a September launch.

Meanwhile, shares of Nio and other U.S.-listed Chinese stocks are seeing weakness in recent days following the Chinese government&rsquo;s <a href="https://www.benzinga.com/government/21/07/21841493/china-orders-removal-of-didi-app-from-stores-over-data-protection">crackdown</a> on Chinese ride-hailing company DiDi Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIDI#NYSE">DIDI</a>).

Intel said in late June that it is delaying the production of one of its newest chips, code-named Sapphire Rapids, to the first quarter of 2022.

Price Action: Apple shares closed 1.3% higher in Friday&rsquo;s trading session at $145.11, while Tesla shares closed 0.6% higher at $656.95.

Read Next:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/21/07/21929742/artificial-intelligence-is-on-the-side-of-apes-tesla-fames-ai-based-etf-sells-facebook-w">Artificial Intelligence Is On The Side Of Apes? Tesla-Fame&#39;s AI-Based ETF Sells Facebook, Walmart And Buys AMC</a>

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