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The CNN Money Fear and Greed index showed improved sentiment among U.S. investors following the release of inflation data. The S&P 500 and the Nasdaq reached their strongest levels since April 2022. The annual inflation rate in the U.S. eased to 3% in June, the lowest level since March 2021. Investors are expecting a 25 bps rate hike at the Federal Reserve’s July meeting. The Walt Disney Company extended Bob Iger's contract as CEO through 2026. Investors are awaiting earnings results from Delta Air Lines, Conagra Brands, and The Progressive Corporation.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 7:00 am

TSLA

Ahead of Tesla's Q2 earnings, the company has started taking questions from shareholders. The top voted questions pertain to Tesla’s full self-driving software, the upcoming Cybertruck, Tesla’s Supercharger network plans, the status of the announcements made on battery day and its robotaxi plans. Tesla reported record Q2 deliveries exceeding forecasts, with 466,140 units delivered, a 10% increase from the preceding quarter and 83% higher than a year earlier.

Portfolio Pulse from Anan Ashraf

July 13, 2023 | 4:08 am

LOOP

Loop Industries reported Q1 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.11) by 36.36 percent. However, this is a 60.53 percent improvement over losses of $(0.38) per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:43 pm

OPTT

Ocean Power Techs (OPTT) reported Q4 losses of $(0.17) per share, a 88.89% decrease YoY. However, the company's sales increased by 32.28% to $1.00 million compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:20 pm

STRC

Sarcos Technology and Robotics Corporation (STRC) has withdrawn its full-year revenue guidance and reported preliminary Q2 revenue of $1.3 million.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:11 pm

MLKN

MillerKnoll has projected its adjusted earnings per share (EPS) for FY24 to be between $1.70 and $2.00, compared to the estimated $1.81.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:10 pm

MLKN

MillerKnoll (NASDAQ:MLKN) reported Q4 earnings of $0.41 per share, beating the analyst consensus estimate of $0.39 by 5.13%. However, this is a 29.31% decrease from the same period last year. The company also reported quarterly sales of $956.70 million, beating the estimate of $945.56 million by 1.18%, but this is a 13.11% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:10 pm

MLKN

MillerKnoll forecasts Q1 adjusted EPS to be between $0.18 and $0.24, lower than the estimated $0.4. The company also expects net sales to range from $880M to $920M, which is below the estimated $927.25M.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:09 pm

UNH

UnitedHealth Group (NYSE:UNH) shares are trading lower, down 1.95% at $453.85. The company is set to report its Q2 financial results in two days, with earnings per share estimated at $5.52 and revenue at $82.95 billion. The stock has struggled this year, down 11.74% since the start of the year and 12.82% over the past three months.

Portfolio Pulse from Ryan Gustafson

July 12, 2023 | 6:32 pm

BAX

Baxter International Inc (BAX) is set to release its Q2 2023 financial results on July 27. Stifel analyst recommends buying BAX shares, revising the target price to $56 from $54. Despite being one of the worst-performing large-cap MedTech stocks this year, the analyst believes that positive developments in regulatory approvals, new product launches, and financial leadership can potentially have a favorable impact on the stock. Baxter's fundamentals are expected to improve in the second half of 2023 and throughout 2024.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 5:53 pm