Streetbeat News

Equity Actions

EGP

EastGroup Properties has updated its FY23 FFO guidance to $7.58-$768, an increase from the previous range of $7.49-$7.61.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:46 pm

TMO

A significant bearish stance has been taken on Thermo Fisher Scientific (NYSE:TMO) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. Whales have been targeting a price range from $530.0 to $640.0 for TMO over the last 3 months. Credit Suisse has upgraded TMO to Outperform with a price target of $620.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:31 pm

DHR

A significant bearish stance has been taken on Danaher (NYSE:DHR) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $195.0 to $300.0 for Danaher over the last 3 months. Raymond James has downgraded its action to Outperform with a price target of $270.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 8:31 pm

VIEW

Shareholders of View Inc. have approved a reverse stock split. The specific details of the split, such as the ratio, have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:26 pm

RILY

B. Riley Financial, Inc. (NASDAQ:RILY) has announced a proposed public offering of $100 million of its common stock. The company's Co-CEOs have indicated an interest to purchase up to $4.5 million of shares in this offering. B. Riley Securities is acting as the sole book-running manager for the offering.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:26 pm

NOG

Northern Oil and Gas (NOG) has increased its total budgeted capital expenditures guidance for 2023 from $737M-$778M to $764M-$800M.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:24 pm

GOOG

GOOGL

Alphabet Inc, the parent company of Google, reported Q2 financial results with a 7% YoY increase in revenue to $74.604 billion, beating the consensus estimate of $65.42 billion. Earnings per share were $1.44, surpassing analyst estimates of $1.20. Alphabet also announced a CFO transition with Ruth Porat assuming the role of president and CIO from September 1. Alphabet shares are up approximately 38% year-to-date.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 8:22 pm

BLNG

Belong Acquisition Corp. (NASDAQ:BLNG) has announced the redemption price for its outstanding Class A common stock shares at approximately $10.23 per share. The company will redeem all of its public shares as it will not be able to complete an initial business combination within the required time period. The redemption process is expected to be completed within ten business days after July 27, 2023. The company's sponsor has agreed to waive its redemption rights for its Class B common stock issued prior to the IPO. The company's securities are expected to be delisted from the Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:21 pm

UHS

Universal Health Services (UHS) has updated its FY23 adjusted EPS guidance from $9.50-$10.50 to $9.85-$10.50, compared to the estimated $10.18. The company also revised its net revenue guidance from $14.044B-$14.314B to $14.130B-$14.330B, against the estimated $14.13B.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:19 pm

CB

Chubb Limited (CB) expects its ownership percentage of Huatai Insurance Group to increase further during this quarter.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 8:18 pm