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Earnings

ARGGY

LCID

TSLA

WKSP

Lucid Group Inc (NASDAQ:LCID) missed its Q2 delivery estimates, delivering 1,404 vehicles, below the expected 1,873. Tesla Inc (NASDAQ:TSLA) is struggling with bloated inventory, leading to discounted EV prices. Worksport Ltd (NASDAQ:WKSP) announced substantial orders for its solar powered tonneau cover SOLIS and remote battery storage system COR. Ford Motor (NYSE:GM) and General Motors (NYSE:GM) are also struggling with EV sales. Aston Martin Lagonda Global Holdings (OTC:ARGGY) signed a long-term strategic technology partnership deal with Lucid.

Portfolio Pulse from Upwallstreet

July 13, 2023 | 2:14 pm

Hecla Mining Company (NYSE:HL) has released its preliminary silver and gold production for Q2 and H1 2023. Silver production fell 5% from Q1, while gold production slumped 11%. The company's CEO, Phillips S. Baker, Jr., stated that Hecla is the world's fastest-growing established silver producer and expects to produce about 20 million ounces of silver by 2025. HL shares are trading higher by 0.51% to $5.86 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

July 13, 2023 | 2:13 pm

ADBE

AMZN

GOOG

HYMTF

MDT

META

PEP

SONY

TSLA

VSAT

XOM

Several companies have made significant announcements. Meta Platforms is preparing to launch a commercial version of its AI model, competing with Microsoft and Alphabet. Viasat shares dropped after an unexpected event during satellite deployment. The UK's CMA is investigating Adobe's $20B acquisition of Figma. PepsiCo reported better than expected Q2 earnings. Exxon Mobil is acquiring Denbury for $4.9B. Hyundai's Kia is investing $200M in a Georgia facility. Medtronic is facing a whistleblower lawsuit alleging a bribery scheme. The FDA is reviewing an energy drink founded by YouTube stars. Google is launching its AI chatbot, Bard, in Europe and Brazil. The NLRB filed a complaint against Amazon. Tesla plans to sell a $1,670 electric quad bike for children in China. JD.com is developing AI applications. Carlyle Group and Trustar Capital plan to exit part of their stakes in McDonald's China. Sony is ramping up R&D spending in its game business.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 2:10 pm

CAG

Conagra Brands Inc. anticipates easing inflationary pressures and improved supply chain operations in fiscal 2024. The company will be wrapping on fiscal 2023 pricing at the beginning of Q2.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:08 pm

DAL

Delta Air CEO has announced that the company's profit sharing payout in February is expected to lead the industry by a wide margin.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:08 pm

STT

State Street (NYSE:STT) is set to release its quarterly earnings report on July 14, 2023. Analysts estimate an earnings per share (EPS) of $2.10. The company's past performance shows a trend of share price increase following earnings reports, even when EPS was missed. The stock is currently trading at $75.84, up 16.98% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:01 pm

UNH

UnitedHealth Group (NYSE:UNH) is set to release its latest quarterly earnings report on July 14, 2023. Analysts estimate an earnings per share (EPS) of $6.04. The company's stock performance has been generally negative over the last 52-week period, with shares down 14.53%. The company's past performance shows a mixed impact on the share price post-earnings release.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:01 pm

Citigroup (NYSE:C) is set to release its quarterly earnings report on July 14, 2023. Analysts estimate an EPS of $1.30. The company's past performance shows it beat EPS estimates last quarter, but the share price dropped 0.0% the next day. The stock is currently trading at $47.38, down 5.15% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:00 pm

CAG

ConAgra Brands, Inc. (NYSE:CAG) reported Q4 FY23 sales growth of 2.2% to $2.973 billion, slightly missing the consensus of $2.990 billion. Adjusted EPS decreased 4.6% to $0.62, beating the consensus of $0.59. The company's Board of Directors approved an annual dividend increase from $1.32 to $1.40 per share. For FY24, ConAgra anticipates organic net sales growth of 1% and adjusted EPS of $2.70-$2.75, below the consensus of $2.85.

Portfolio Pulse from Nabaparna Bhattacharya

July 13, 2023 | 2:00 pm

WFC

Wells Fargo (NYSE:WFC) is set to release its quarterly earnings report on July 14, 2023. Analysts estimate an EPS of $1.15. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $43.26, up 5.69% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:00 pm