Streetbeat News

Earnings

NARI

Inari Medical's shares are trading higher following the company's Q2 results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:11 pm

CLH

Truist Securities analyst Tobey Sommer reiterated a Buy rating on Clean Harbors, Inc. (NYSE:CLH), raising the price target to $200 from $165. The analyst is encouraged by robust Environmental Services pricing trends, with all ES business lines growing organically y/y in Q2. However, CLH lowered 2023 SKSS EBITDA guidance by another ~13% as the summer driving season failed to stabilize base oil demand.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 2:11 pm

RSI

Rush Street Interactive Inc (RSI) reported a Q2 revenue growth of 15% to $165.1 million and adjusted net loss per share of $(0.04), both above Street view. Needham analyst Bernie McTernan reiterated a Buy rating on RSI with a price target of $6. The company's revenue in Colombia grew 30% Y/Y and 50% constant currency, and it is seeing a rapid ramp-up in Mexico. The analyst believes there are additional potential growth opportunities for the company in Latam.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 2:11 pm

SPXC

SPX Techs shares are trading higher following strong Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:11 pm

TPL

Texas Pacific Land's shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:10 pm

AAPL

AMZN

BA

GOOG

META

MSFT

NVDA

TSLA

The article suggests that investors who own stocks in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, known as the 'magnificent seven', should consider diversifying their portfolios due to heavy concentration in these stocks. Boeing is recommended as a good diversifier due to its long-term opportunities, recent earnings surpassing consensus and whisper numbers, and potential for recurring revenues. The article also mentions the Arora Report's Model Portfolio, which includes six of the 'magnificent seven' stocks and Boeing.

Portfolio Pulse from The Arora Report

August 04, 2023 | 2:10 pm

SO

Southern Co. reported a miss on Q2 sales, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:10 pm

MOD

Modine Manufacturing Company reported better-than-expected Q1 financial results and revised its FY24 net revenue outlook upwards. ET Hutton also raised its price target for the company's stock from $34 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:10 pm

CENT

Central Garden & Pet (NASDAQ:CENT) reported Q3 earnings of $1.75 per share, beating the analyst consensus estimate of $1.45 by 20.69%. This is a 25.9% increase from the same period last year. However, the company's quarterly sales of $1.02 billion missed the analyst consensus estimate of $1.03 billion by 0.68%, a 0.79% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:10 pm

IBP

Truist Securities analyst Keith Hughes reiterated a Buy rating on Installed Building Products, Inc. (NYSE:IBP), raising the price target to $170 from $140. IBP's Q2 earnings beat estimates, with positive price/mix driven by growth in multi-family and commercial sectors. Hughes expects installation in single-family demand to be a growth story in 2024. The analyst raised the EBITDA estimate for FY23 to $437 million and for FY24 to $472 million.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 2:10 pm