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MOB

Mobilicom Limited (NASDAQ:MOB) has announced design win sales into three new geographic markets: Korea, Brazil, and Canada. This includes orders for its MCU Maxi Controller PRO and SkyHopper Datalinks. These orders bring Mobilicom's design wins to a total of 48 as of June 30, 2023. Each design win represents initial sales of Mobilicom's systems and components to be integrated into new autonomous systems designed by manufacturers of drones and robotics. These design wins are expected to lead to commercial scale orders.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:33 pm

SPY

The Durable Goods Orders for June increased by 4.7%, significantly higher than the expected 1.0% and the prior 1.7%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:31 pm

SPY

Core Durable Goods Orders for June increased by 0.6%, beating the expectation of 0.0%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:31 pm

SPY

The Core PCE Prices for Q2 came in at 3.8%, lower than the expected 4%.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 12:31 pm

DIA

IWM

QQQ

SPY

The US GDP for Q2 has outperformed estimates, coming in at 2.4% compared to the estimated 1.8%.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 12:30 pm

SPY

Core Durable Goods Orders for June increased by 4.7%, significantly higher than the expected 1.0% and the prior 1.7%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:30 pm

CRH

NGVT

PKG

RS

SEE

The article lists five materials stocks that are considered overbought and could potentially negatively impact portfolios. The stocks are CRH plc, Ingevity Corporation, Packaging Corporation of America, Sealed Air Corporation, and Reliance Steel & Aluminum Co. The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:26 pm

BCS

Barclays PLC (NYSE:BCS) shares are down by around 4% after the company reported Q2 2023 results. Total income fell 6% Y/Y to £6.3 billion, with operating expenses rising 21% Y/Y. The company saw growth in Barclays UK income (+14% Y/Y) but a decline in Barclays International (-13% Y/Y). The bank disclosed H1 2023 dividend of 2.7p and a share buyback worth £750 million. For 2023, BCS continues to expect loan loss rate of 50-60bps and return on tangible equity of above 10%.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 12:26 pm

OC

Owens Corning Inc (NYSE:OC) reported better-than-expected Q2 results, with net sales of $2.56 billion and adjusted EPS of $4.22, beating consensus estimates. Following the announcement, RBC Capital and Barclays increased their price targets on Owens Corning and upgraded the stock's rating.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:22 pm

META

Meta Platforms, Inc. (NASDAQ:META) reported better-than-expected Q2 results with revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, surpassing the estimate of $2.91. Following the announcement, Meta shares surged 10.1% in pre-market trading. Analysts from Wells Fargo and Barclays raised their price targets on Meta.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:13 pm