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AER

AerCap Holdings N.V. (NYSE:AER) reported a 10% YoY growth in total lease revenue for Q2 FY23, reaching $1.72 billion, but missed the analyst consensus of $1.82 billion. The company's total revenues and other income rose 15% to $1.92 billion. Adjusted EPS of $2.56 beat the analyst consensus of $2.06. AerCap also announced a new share repurchase program authorizing total repurchases of up to $500 million of its ordinary shares through December 31, 2023. The company raised the FY23 adjusted EPS guidance to $8.50-$9.00.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 12:25 pm

KYCH

ZOOZ Power Ltd. and Keyarch Acquisition Corporation have announced a business combination agreement, which will result in ZOOZ becoming publicly listed on Nasdaq under the symbol 'ZOOZ'. The transaction values ZOOZ at up to $100 million and is expected to provide a minimum of $10 million in net proceeds. The closing is expected to occur in Q4 2023, subject to shareholder and regulatory approvals. ZOOZ is a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:17 pm

CDLX

CMLS

MSGS

ROKU

SPOK

The article lists five overbought stocks in the communication services sector that may be due for a price correction. These include Roku, Inc. (ROKU), Cumulus Media Inc. (CMLS), Madison Square Garden Sports Corp. (MSGS), Cardlytics, Inc. (CDLX), and Spok Holdings, Inc. (SPOK). All these companies have recently reported positive financial results or corporate news, and their stocks have seen significant price increases, pushing their Relative Strength Index (RSI) values above 70, which is typically considered overbought.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:15 pm

CKPT

Checkpoint Therapeutics has announced a $10 million registered direct offering priced at-the-market. This move is expected to provide the company with additional capital for its operations.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:08 pm

TNET

TriNet Group, Inc. has announced its intention to launch a combined $1B fixed price tender offer and repurchase from Atairos, each at a price of $107 per share of common stock.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:03 pm

CNA

L

Loews Corp reported Q2 2023 EPS of $1.58, up from $0.68 a year ago. Net income increased to $360 million from $167 million in Q2 2022, led by higher net income from its subsidiaries and increased net investment income. Revenues were $3.93 billion in Q2 2023 compared to $3.39 billion a year ago. CNA Financial Corp's CNA Segment's revenue contribution increased to $3.30 billion from $2.93 billion a year ago, and net income rose to $255 million from $170 million. Loews repurchased 1.8 million shares for $107 million in the quarter.

Portfolio Pulse from Lekha Gupta

July 31, 2023 | 11:54 am

HOOD

Etoro, a competitor of Robinhood, has agreed to a share sale at a discounted valuation, raising $120 million. This could potentially impact Robinhood's market position and valuation.

Portfolio Pulse from Charles Gross

July 31, 2023 | 11:49 am

ARLP

Alliance Resource Partners (ARLP) has revised its FY23 capital expenditure (Capex) outlook to $390M - $440M, down from the previous estimate of $400M - $460M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 11:06 am

BAH

Booz Allen Hamilton Holding Corp has filed for a mixed shelf offering, although the size of the offering has not been disclosed.

Portfolio Pulse from Bill Haddad

July 31, 2023 | 11:03 am

ONCY

Oncolytics Biotech has entered into an agreement with Leede Jones Gable to purchase 6,667,000 units on a bought-deal basis for gross proceeds of $15M at $2.25/unit.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:58 am