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FYBR

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a Q2 FY23 revenue decline of 0.7% year-on-year to $1.45 billion, beating the consensus of $1.44 billion. The company saw declines in copper-based products but growth in fiber-based products. The company reiterated its FY23 adjusted EBITDA of $2.11 billion - $2.16 billion and targeted fiber builds to 1.3 million new locations. FYBR shares are trading higher by 4.41% at $18.59.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 5:16 pm

AAPL

AMZN

Hedge fund manager Dan Niles predicts a 10% market correction by year-end due to rising oil prices, inflation comparisons, and pressures on yields. He is shorting Apple Inc (AAPL) due to its three quarters of year-on-year declines and high P/E ratio, while betting on Amazon.com, Inc (AMZN) due to its strong revenue growth. Niles also noted a shift in the tech landscape, with big tech investing becoming more selective. He mentioned that AI-driven security threats are causing companies to increase their security spending.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 5:15 pm

ATEC

Alphatec Holdings' shares are trading lower after the company reported a miss on its Q2 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:13 pm

AMZN

DIA

IWM

QQQ

SPY

Major indexes are up due to better-than-expected US jobs data and strong earnings from Amazon. This has resulted in a positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:12 pm

TU

Telus Corp (NYSE: TU) reported Q2 FY23 revenues of $3.68 billion, missing the consensus of $3.69 billion. Total telecom subscriber connections grew 7% Y/Y to 18.5 million. Adjusted EPS was $0.14, down by 40.6% Y/Y, missing the consensus of $0.18. The company declared a dividend of C$0.3636, in line with the prior quarter. Telus expects FY23 operating revenue growth of 9.5%-11.5%, down from the prior 11%-14%.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 5:11 pm

GPRO

Morgan Stanley analyst Erik Woodring has maintained an Equal-Weight rating on GoPro (NASDAQ:GPRO) and lowered the price target from $4.6 to $4.3.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:07 pm

UNG

USO

The U.S. Baker Hughes Oil Rig Count has decreased by 4 from last week to 525, while the U.S. Baker Hughes Gas Rig Count remains unchanged at 128.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 5:04 pm

SPY

The July jobs report showed a gain of 187,000 jobs, falling short of the expected 200,000, and a drop in unemployment rate to 3.5%. Wages also saw solid growth, increasing by 0.4% month-on-month and 4.4% year-over-year. The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.7% on Friday. Five economists provided their insights on the report, with some expressing optimism and others pointing out areas of concern. The report's implications for the Federal Reserve's future actions were also discussed.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 5:02 pm

PPL

PPL Corporation reported Q2 FY23 operating revenue growth of 7.5% YoY to $1.82 billion, beating consensus estimates. However, adjusted EPS of $0.29 missed the consensus of $0.32. Electricity sales dropped by 7.4% YoY. The company reaffirmed its FY23 earnings per share outlook of $1.50-$1.65. PPL shares are trading lower by 0.45% at $26.51.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 5:02 pm

TCMD

Tactile Systems Tech (NASDAQ:TCMD) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $-0.07. The company's past performance shows a trend of beating EPS estimates, which has led to significant increases in share price. The company's shares are currently trading at $22.29 and have seen a 137.09% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:02 pm