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CSIQ

Canadian Solar has revised its FY23 total revenue outlook downwards from $9B-$9.5B to $8.5B-$9.0B, against a consensus of $9.27B.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:48 pm

TLS

Telos Corporation (NASDAQ:TLS) has been awarded a five-year contract by the Defense Information Systems Agency (DISA) to support the distribution and processing of various reports and other critical information. Telos AMHS, a widely-used organizational messaging solution in the U.S. Department of Defense, will be used for this purpose.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:45 pm

COTY

Coty Inc. (NYSE:COTY) shares traded higher in the premarket session on Tuesday after the company’s earnings release on Aug. 22. Options markets are implying a move of around +/-10% by the end of the week. Traders see Coty’s stock falling at least 20% by November expiration. Coty reported quarterly earnings of 1 cent per share, compared to a year-ago loss of 1 cent per share. The company reported Q4 revenue of $1.35 billion.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:33 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to increase the price of its upcoming iPhone 15 Pro models by at least $100 compared to current models. The iPhone 15 Pro is expected to range from $1,099 to $1,199, while the iPhone 15 Pro Max could cost between $1,199 to $1,299. However, this price increase could impact Apple's sales, with projections showing a potential drop to around 77 million units in 2023, down from the originally anticipated 83 million.

Portfolio Pulse from Sudhanshu Singh

August 22, 2023 | 12:31 pm

PMN

TIO

ProMIS Neurosciences shares surged 32.9% in pre-market trading after announcing a $20.4 million private placement financing at $1.88 per unit. Other pre-market gainers include Axcella Health, G Medical Innovations Holdings, Freight Technologies, and Hallmark Financial Services. On the other hand, Tingo Group, MediaCo Holding, China SXT Pharmaceuticals, Dragonfly Energy Holdings, and SOS Limited were among the pre-market losers.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:31 pm

BJ's Wholesale Club Holdings Inc reported a 2.9% YoY decline in Q2 FY23 sales to $4.96 billion, missing the analyst consensus of $5.15 billion. Total comparable club sales decreased by 5.3%, while comparable club sales excluding gasoline sales increased by 1.1%. Membership fee income increased by 5% to $103.7 million. The company repurchased 715,122 shares of common stock, totaling $44.6 million in Q2. BJ's Wholesale expects FY23 EPS of $3.80-$3.92 versus the consensus of $3.87.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 12:30 pm

MDT

Medtronic Plc (NYSE:MDT) reported Q1 FY24 sales of $7.7 billion, up 4.5% Y/Y, beating the consensus of $7.57 billion. The company's organic revenue results reflect strength across businesses and geographies. Medtronic's heart device unit sales increased 5.5% Y/Y to $2.85 billion. The company raised its FY24 revenue growth and EPS guidance, expecting FY24 organic revenue growth of 4.5%. Medtronic expects FY24 adjusted EPS of 5.08-$5.16, up from prior guidance of $5.00-$5.10.

Portfolio Pulse from Vandana Singh

August 22, 2023 | 12:28 pm

KNDI

Kandi Technologies has announced that its next-generation all-electric crossover vehicles have entered mass production and are set to launch in Q3.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:27 pm

AMAT

GOOGL

HBAN

MPW

NIO

RIVN

RKLB

TIXT

TPC

Jim Cramer on CNBC's 'Mad Money Lightning Round' gave his opinions on several stocks. He praised Applied Materials (AMAT) and Alphabet (GOOGL) for their strong quarterly results and recommended buying them. He also spoke positively about Tutor Perini Corporation (TPC) and Huntington Bancshares (HBAN). However, he criticized TELUS International (TIXT) and Rocket Lab USA (RKLB), and advised against buying NIO Inc. (NIO) due to its Chinese origin. He expressed discomfort with the high yield of Medical Properties Trust (MPW).

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:26 pm

ZBH

Zimmer Biomet Holdings, Inc. (ZBH) has announced a leadership transition with Ivan Tornos, the current COO, being appointed as President and CEO. Suketu Upadhyay, the CFO, will have his role expanded to include overseeing global Operations and Supply Chain functions. The company has reaffirmed its full-year 2023 financial guidance. The outgoing CEO, Bryan Hanson, will be assuming the role of CEO of the healthcare spinoff of 3M.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:21 pm