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PKG

Packaging Corp of America (NYSE:PKG) reported Q2 adjusted earnings of $2.31 per share, beating the analyst consensus estimate of $1.93 by 19.69%. However, this is a 28.48% decrease from the same period last year. The company's quarterly sales of $1.95 billion missed the analyst consensus estimate of $1.99 billion by 1.91%, marking a 12.74% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 9:17 pm

DHLGY

JNJ

PSIL

REUN

Minneapolis Mayor Jacob Frey has signed an executive order deprioritizing criminal prosecution for possession, use, purchase, cultivation and engaging in practices with “entheogenic plants or plant compounds. German company Acid Berlin is selling a reportedly legal LSD prodrug and shipping it through DHL Group to clients based in Berlin. Reunion Neuroscience is on the brink of going private with final court approval. Filament Health gets ready to uplist to NASDAQ in a $210M SPAC deal. Sales of Johnson & Johnson esketamine drug Spravato rose nearly 100% year-over-year. PharmaTher's DMT patch showed positive outcomes, investment toward the clinical stage. Enveric Biosciences unveiled positive results from animal studies of its psilocin prodrug for anxiety. Core One Labs entered a LOI for the first sale of its psychedelic biosynthetic compounds. AdvisorShares Psychedelics ETF opened Monday, July 24, at $1.94, dropping from prior Friday’s closing at $1.99.

Portfolio Pulse from Lara Goldstein

July 24, 2023 | 9:14 pm

HOOD

SOLUSD

SPY

In June 2023, Robinhood Markets Inc (NASDAQ:HOOD) delisted Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Polygon (CRYPTO: MATIC) due to regulatory pressures. Since then, the value of these cryptocurrencies has risen, with Solana showing a return of 43.4% in less than a month. This outperformed Bitcoin, Ethereum, and the SPDR S&P 500 ETF (NYSE:SPY), which are down 4.0%, flat, and up 5.3% respectively over the same period.

Portfolio Pulse from Chris Katje

July 24, 2023 | 9:10 pm

IBTX

Independent Bank Gr (NASDAQ:IBTX) reported Q2 earnings of $0.82 per share, missing the analyst consensus estimate of $0.87 by 5.75%. This is a 35.43% decrease from the same period last year. The company also reported quarterly sales of $127.34 million, missing the analyst consensus estimate of $139.16 million by 8.49%. This is a 16.16% decrease from the same period last year.

Portfolio Pulse from totan@benzinga.com

July 24, 2023 | 9:04 pm

CDNS

Cadence Design Systems, Inc. (NASDAQ:CDNS) reported Q2 earnings of $1.22 per share, beating the analyst consensus estimate of $1.18. The company also reported quarterly sales of $976.58 million, surpassing the analyst consensus estimate of $974.86 million. Despite the positive results, CDNS shares were down 4.26% in after-hours trading. The company expects total revenue for the second half of 2023 to be between $2.052 billion and $2.092 billion and earnings per share between $2.54 and $2.60.

Portfolio Pulse from Ryan Gustafson

July 24, 2023 | 9:01 pm

AAT

American Assets Trust (NYSE:AAT) is set to release its latest quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.15. The company's past performance shows a mix of positive and negative price changes post-earnings announcements. The stock is currently trading at $21.99, down 24.57% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 9:01 pm

HIW

Highwoods Props (NYSE:HIW) is set to release its latest quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $0.29. The company's past performance shows a mix of EPS beats and misses, with the stock price generally decreasing. Over the last 52-week period, shares are down 26.4%.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 9:00 pm

DH

Definitive Healthcare (NASDAQ:DH) has received 2 bullish and 3 indifferent analyst ratings in the last quarter. The company's average 12-month price target is $13.0, unchanged from the previous average. The high price target is $15.00 and the low is $10.00.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 9:00 pm

ELV

Elevance Health (NYSE:ELV) has received mostly bullish ratings from analysts in the last quarter, with an average price target of $564.71, a 0.09% decrease from the previous average price target of $565.20. There were no bearish or indifferent ratings.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 9:00 pm

DHR

Danaher (NYSE:DHR) has outperformed the market over the past 5 years by 10.17% on an annualized basis, producing an average annual return of 20.22%. If an investor had bought $100 of DHR stock 5 years ago, it would be worth $248.58 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 9:00 pm