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UAL

United Airlines Holdings Inc (NASDAQ:UAL) reported better-than-expected Q2 results and issued strong guidance, leading to a rise in its stock. Q2 revenue increased 17.1% YoY to $14.18 billion, beating the consensus estimate of $13.91 billion. The company also reported quarterly earnings of $5.03 per share, surpassing estimates of $4.03 per share. United expects full-year 2023 earnings to be in a range of $11 to $12 per share, higher than estimates of $9.73 per share.

Portfolio Pulse from Adam Eckert

July 20, 2023 | 1:04 pm

JNJ

KVUE

An executive from Johnson & Johnson (JNJ) has stated that the launch of the tender offer for Kenvue (KVUE) shares could occur in the coming days.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:04 pm

NFLX

Netflix Inc (NASDAQ:NFLX) shares are trading lower after the company reported mixed Q2 results and issued soft revenue guidance. Q2 revenue of $8.19 billion missed estimates of $8.29 billion, while Q2 EPS of $3.29 beat estimates of $2.85. The company ended the quarter with 238.39 million global paid subscribers, up 8% YoY. For Q3, Netflix anticipates revenue of approximately $8.52 billion versus estimates of $8.68 billion. Despite some weak spots, several analysts raised price targets.

Portfolio Pulse from Adam Eckert

July 20, 2023 | 1:04 pm

SCLX

SRNEQ

Sorrento Therapeutics, Inc. (OTC:SRNEQ) has received approval from the U.S. Bankruptcy Court for the Southern District of Texas to offer a portion of its common stock in its non-debtor public subsidiary, Scilex Holding Company (NASDAQ:SCLX), to Dividend Short Holders. The offering will allow these parties to purchase restricted Scilex stock to cover their short positions. The price will be determined by Sorrento's Chief Restructuring Officer, in consultation with the Official Committee of Unsecured Creditors and the Official Committee of Sorrento Equity Securities Holders.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:03 pm

CUEN

CUENW

Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) has released a shareholder update, highlighting the successful launch of key initiatives aimed at building a complete ecosystem for the underserved population. The company has launched its new mobile platform, Cuentas Mobile, and a sustainable community technology solution, Cuentas Casa. It is also on track to launch its new Cuentas Money Application and financial solutions package in fall 2023. The company has also undergone a successful stock split and subsequent NASDAQ confirmation.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:02 pm

JNJ

KVUE

Kenvue Inc, the former consumer unit of Johnson & Johnson, reported its first quarterly earnings since being spun off in May. Q2 sales increased 5.4% Y/Y to $4.01 billion, beating the consensus of $3.96 billion. The company also declared a $0.20 cash dividend and issued an upbeat outlook for fiscal 2023. However, KVUE shares are down 1.36% in premarket trading.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 1:01 pm

CVX

Analysts have provided various ratings for Chevron (NYSE:CVX) within the last quarter, with a majority being indifferent. The average price target given by these analysts is $191.31, compared to Chevron's current price of $154.69, implying an upside. However, this average represents a 0.36% decrease from the previous average price target of $192.00.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 1:01 pm

CAR

Over the last quarter, Avis Budget Gr (NASDAQ:CAR) has received a mix of analyst ratings, with 1 bullish, 2 somewhat bullish, and 4 indifferent. The company's average 12-month price target has increased by 4.51% from $219.40 to $229.29. Analysts are specialists who research company financials and provide ratings and predictions for stocks.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 1:01 pm

BX

Blackstone Inc (NYSE:BX) reported a 43% Y/Y drop in Q2 revenues to $2.35 billion, missing the consensus of $2.41 billion. Distributable earnings fell 43% Y/Y to $1.35 billion, largely due to a 64% decline in DE from the real estate business. However, the company hit a milestone of $1 trillion in assets under management, a 6% Y/Y increase. Blackstone also declared a quarterly dividend per share of $0.79 and repurchased $1.2 billion worth of stock.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 1:01 pm

HAIN

In the last quarter, Hain Celestial Group (NASDAQ:HAIN) received 2 somewhat bullish and 3 indifferent ratings from analysts. The average price target is $17.4, indicating potential upside from the current price of $13.12. However, this average has decreased by 16.14% from the previous target of $20.75.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 1:01 pm