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UPH

UpHealth has projected its FY23 revenue to be at the top end of the $127M-$135M range, slightly below the estimated $135.65M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:41 pm

CMDY

The annual inflation rate in the U.S. ticked up to 3.2% in July, slightly below the anticipated 3.3%. The focus now shifts to the producer price index (PPI) inflation gauge due for release on Friday. Economists predict a 0.7% increase in the annual PPI for July, breaking a 12-month decline. The Bloomberg Commodity Index, tracked by the iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY), surged almost 6% in July, potentially impacting the PPI as commodities make up about 30% of the PPI basket. However, investors believe the Federal Reserve is about to end its rate-tightening campaign.

Portfolio Pulse from Piero Cingari

August 10, 2023 | 8:41 pm

NWS

News Corporation (NASDAQ:NWS) reported Q4 earnings of 14 cents per share, beating the analyst consensus estimate of nine cents, but a decrease of 62.16% from the same period last year. The company missed on sales, reporting $2.43 billion against the estimated $2.48 billion. Digital revenues accounted for over 50% of total revenues for the full year. The company's shares were trading lower after-hours.

Portfolio Pulse from Ryan Gustafson

August 10, 2023 | 8:40 pm

WISH

ContextLogic Inc. (NASDAQ:WISH) shares fell on Thursday, continuing a trend that has seen the stock drop nearly 60% year-to-date. The company reported Q2 losses of $3.38 per share, beating analyst estimates, but missed on sales with $78 million against the expected $94.25 million. The company's board also approved a workforce reduction of 34%, causing the stock to trade lower. Loop Capital downgraded the stock from Hold to Sell and announced a $7 price target.

Portfolio Pulse from Ryan Gustafson

August 10, 2023 | 8:36 pm

VIAV

Viavi Solutions has projected its Q1 adjusted EPS to be between $0.09 and $0.11, lower than the estimated $0.12. The company also expects its net revenue to be between $240M and $260M, which is less than the estimated $268.53M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:36 pm

DHR

A significant bearish stance has been taken on Danaher (NYSE:DHR) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The targeted price range for Danaher over the last 3 months is from $200.0 to $267.5. The current price of DHR is up 0.52% at $257.38. Analysts from Stifel, RBC Capital, Raymond James, and Barclays have maintained their ratings on Danaher, with price targets ranging from $240 to $292.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 8:33 pm

AMZN

A significant amount of unusual options activity has been detected for Amazon.com (NASDAQ:AMZN), with a bearish stance being taken by a 'whale' investor. Of the 133 strange trades detected, 43% were bullish and 56% were bearish. The total amount for puts was $2,907,796 and for calls was $7,197,968. The targeted price range for Amazon.com over the last 3 months has been $50.0 to $200.0. The current price of AMZN is up 0.52% at $138.56. Several financial institutions have maintained their positive ratings on Amazon.com, with price targets ranging from $160 to $190.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 8:33 pm

EVLV

Evolv Technologies reported better-than-expected Q2 financial results and raised its FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:32 pm

EVLV

Evolv Technology has increased its FY23 revenue guidance from $60M-$65M to $70M-$75M, which is higher than the estimated $64.94M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:31 pm

MELI

MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years, producing an average annual return of 27.9%. If an investor had bought $100 of MELI stock 15 years ago, it would be worth $4,007.69 today. The company currently has a market capitalization of $69.48 billion.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 8:30 pm