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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

AMZN

DISH

TMUS

DISH Network Corp is set to start selling its premium wireless service, Boost Infinite, on Amazon.com Inc later this week. The telecom company enlisted Amazon Web Services cloud software and equipment to run core elements of its 5G network under development in 2021. Amazon already sells SIM cards for Dish's Boost Mobile prepaid service along with plans from Mint Mobile, which agreed to be acquired by T-Mobile US Inc, and Tracfone, which Verizon Communications Inc acquired in 2022.

Portfolio Pulse from Anusuya Lahiri

July 26, 2023 | 12:27 pm

ALK

Alaska Air Group, Inc (NYSE:ALK) reported better-than-expected Q2 earnings and sales results, with a 7% YoY operating revenue growth to $2.84 billion and adjusted EPS of $3.00. However, the company's shares fell 9.7% after the announcement. Analysts from Goldman Sachs and Barclays have cut their price targets on Alaska Air.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:18 pm

EDU

New Oriental Education & Technology Group Inc (EDU) reported Q4 FY23 sales growth of 64.2% YoY to $860.6 million, beating the consensus of $820.1 million. The company's revenue was boosted by strong post-COVID demand recovery. However, operating costs and expenses rose 29.0% YoY to $812.5 million. Adjusted earnings per ADS of $0.37 missed the analyst consensus of $0.51. The company also repurchased approximately 5.9 million ADSs for about $191.7 million from the open market. For Q1 FY24, the company expects total net revenues of $983.2 million - $1,005.5 million, above the consensus of $939.47 million.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 12:14 pm

TRIN

TRTX

TWO

The most accurate Wall Street analysts have given their ratings for three high-yielding financial stocks: Two Harbors Investment Corp. (TWO), Trinity Capital Inc. (TRIN), and TPG RE Finance Trust, Inc. (TRTX). All three companies have recently seen their price targets cut by various analysts, despite their high dividend yields.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:13 pm