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EXPR

Express, Inc. has announced a 1-for-20 reverse stock split of its common stock, authorized by the Board of Directors. The split is expected to be effected after market close on August 30, 2023, with shares trading on a split-adjusted basis from August 31, 2023. The move aims to regain compliance with the NYSE's minimum price criteria for continued listing.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:20 pm

GLOB

Globant has projected its FY23 earnings per share (EPS) to be $5.72, slightly higher than the estimated $5.71. The company also expects its revenue to be $2.094M, surpassing the estimated $2.07M.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:19 pm

MRNA

Moderna has announced preliminary trial data for its COVID-19 vaccine, indicating effectiveness against the EG.5 and FL.1.5.1 variants. This could potentially boost the company's stock in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:18 pm

AMAT

Applied Materials reported better-than-expected Q3 financial results and issued Q4 EPS and revenue guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 8:17 pm

AAPL

CAT

EOG

EQT

FDX

LLY

MSFT

PSX

PXD

Market analyst Mark Chaikin discussed the rising bond yields and their impact on the stock market. He noted a shift from growth stocks to cyclicals, with tech giants like Microsoft and Apple acting as indicators. Chaikin also shared his bullish outlook on several sectors and stocks, including EOG Resources, EQT Corp, Phillips 66, Pioneer Natural Resources, FedEx, Caterpillar, and Eli Lilly.

Portfolio Pulse from AJ Fabino

August 17, 2023 | 8:17 pm

EBAY

PYPL

TSLA

Elon Musk's acquisition of X.com and subsequent investments in Tesla Inc (NASDAQ:TSLA) and Twitter have yielded significant returns for investors. A $1,000 investment in Tesla when Musk acquired X.com would be worth $10,633.53 today, a return of 963.4% over the last six years. The same investment in PayPal (NASDAQ:PYPL) would have yielded a 6.3% return, while an investment in Twitter would have resulted in a 195.6% return.

Portfolio Pulse from Chris Katje

August 17, 2023 | 8:16 pm

MLM

Martin Marietta Materials's (NYSE:MLM) short percent of float has fallen 10.43% since its last report, with 558 thousand shares sold short, which is 1.03% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Martin Marietta has less short interest.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 8:15 pm

AEP

American Electric Power's (NYSE:AEP) short percent of float has risen 12.4% since its last report, with 7.44 million shares sold short, which is 1.45% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, AEP has less short interest as a percentage of float, which is 2.25% on average.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 8:15 pm

Southern's (NYSE:SO) short percent of float has fallen 4.67% since its last report, with 11.13 million shares sold short, which is 1.02% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Southern has less short interest as a percentage of float, with an average of 2.27%.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 8:15 pm

AMAT

Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected fiscal third-quarter results, with revenue of $6.42 billion, beating the consensus estimate of $6.16 billion. The company also reported quarterly earnings of $1.90 per share, surpassing analyst estimates of $1.74 per share. The company issued strong guidance for the fourth quarter, expecting revenue of $6.51 billion and adjusted earnings between $1.82 and $2.18 per share. The news led to a 2.66% increase in the company's shares in after-hours trading.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 8:15 pm