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ATVI

HPK

TTWO

VTLE

ZBH

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', recommended buying Zimmer Biomet Holdings (ZBH) and Take-Two Interactive Software (TTWO), while expressing skepticism about Vital Energy (VTLE) and suggesting to sell Activision Blizzard (ATVI). He also showed support for HighPeak Energy (HPK), despite some hedge funds shorting it.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:42 pm

NVO

Novo Nordisk's shares are trading lower following an announcement by Britain's drug watchdog that it is investigating a class of drugs that includes Novo's diabetes medicine Ozempic and weight-loss treatment Saxenda, due to reports of suicidal thoughts.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 12:40 pm

CHKP

Check Point Software Technologies Ltd reported Q2 FY23 revenue growth of 3% YoY to $588.7 million, missing consensus of $588.9 million. Non-GAAP EPS of $2.00 beat consensus of $1.89. Revenue from Products and licenses declined 12% YoY, Security subscriptions increased 14% YoY, and Software updates and maintenance grew 2.1% YoY. Non-GAAP operating margin increased by 100 basis points to 45%. The company generated $191 million in operating cash flow and held $3.5 billion in cash and equivalents. CHKP shares traded lower by 2.88% at $125.00 premarket.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:39 pm

SPWR

SunPower reported below consensus Q2 revenue and guided FY23 net loss, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 12:37 pm

AAPL

GOOG

GOOGL

Apple Inc's launch of the Vision Pro headset has sparked renewed interest in the AR/VR sector, with the company positioning the device as a potential game-changer. Despite a high price tag and unclear release date, investors are focusing on the market validation that Vision Pro provides. However, some analysts caution that the AR/VR industry should not solely rely on Apple's success, citing Alphabet Inc's failed smart glasses project.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:35 pm

HAS

MAT

WBD

Mattel, Inc. (NASDAQ:MAT) is set to report its Q2 results after the market close today. The company is expected to post a loss of $0.02 per share, compared to a profit of $0.18 a year ago. The revenue for the June quarter may have dropped 19% YoY to $1 billion. The company's stock has rallied since late June due to the Barbie movie craze. Mattel and Hasbro, Inc. (NASDAQ:HAS) announced a multi-year licensing agreement, which led to a rally in Mattel's stock. Warner Bros. Discovery, Inc.'s (NYSE:WBD) Barbie movie collected $155 million in domestic box office in the first three days, marking the highest opening in 2023.

Portfolio Pulse from Shanthi Rexaline

July 26, 2023 | 12:34 pm

HLT

Hilton Worldwide Holdings Inc (NYSE:HLT) reported Q2 FY23 sales growth of 18.7% year-on-year to $2.66 billion, beating the analyst consensus of $2.58 billion. The company also raised its FY23 forecast. The occupancy rate for the quarter was 75.9% in the U.S., 75.4% in Europe, and 67.5% in Middle East & Africa. Hilton added 14,000 rooms to its system in Q2, resulting in 11,200 net additional rooms during the period. The company expects an FY23 capital return of $2.4 billion-$2.6 billion.

Portfolio Pulse from Shivani Kumaresan

July 26, 2023 | 12:32 pm

ERIC

INTC

Ericsson (ERIC) has partnered with Intel Corp (INTC) to leverage Intel's 18A process and manufacturing technology for Ericsson's future 5G infrastructure. Intel will manufacture custom 5G SoCs for Ericsson. The companies will also expand their collaboration to optimize 4th Gen Intel Xeon Scalable processors for Ericsson's Cloud RAN solutions. Ericsson recently reported a 3% YoY sales growth to $6.125 billion, with a sharp decline in North American sales offset by strong sales in India.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:29 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) reported its financial results for the fiscal year ended May 31, 2023, with net revenue of $627 million, a slight decrease from the previous year. However, gross profit increased by 26% to $147 million, and adjusted EBITDA rose 28% to $61 million. The company's beverage alcohol net revenue increased by 33% to $95 million, while cannabis net revenue decreased. For the fiscal year 2024, the company expects to achieve adjusted EBITDA targets of $68 million to $78 million. Tilray shares were trading 15.47% higher in the pre-market session.

Portfolio Pulse from Vuk Zdinjak

July 26, 2023 | 12:28 pm

META

Meta Platforms, Inc. (NASDAQ:META) is expected to release its quarterly results on July 26, 2023. The options market indicates a potential move of around 9.5% by the end of the week. Wall Street expects Meta to post quarterly earnings at $2.91 per share on revenue of $31.12 billion. Meta shares gained 1% to close at $294.47 on Tuesday, and added 1.7% in today's pre-market trading session.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:27 pm