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HMA

Heartland Media Acquisition Corp. (HMA) announced it will redeem all of its outstanding shares of Class A common stock at a per-share redemption price of approximately $10.55, effective as of the close of business on August 8, 2023. This is due to the company's inability to consummate an initial business combination within the required time period. The company's warrants will expire worthless and the NYSE will file a Form 25 to delist the company's securities.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:35 pm

CADE

Cadence Bank (NYSE:CADE) reported Q2 earnings of $0.64 per share, missing the analyst consensus estimate of $0.67 by 4.48%. This is a 12.33% decrease from the same period last year. The company also reported quarterly sales of $465.84 million, missing the analyst consensus estimate of $476.12 million by 2.16%. However, this is a 3.52% increase from the same period last year.

Portfolio Pulse from totan@benzinga.com

July 24, 2023 | 8:32 pm

DIA

The Dow Jones Industrial Average, as tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), has achieved its eleventh consecutive positive session, rising by 0.52% and breaking above 35,400 points. This is the longest winning streak since February 2017. Historical data suggests that after such streaks, the Dow has experienced both gains and losses, indicating that investors should remain vigilant.

Portfolio Pulse from Piero Cingari

July 24, 2023 | 8:31 pm

CHX

ChampionX (NASDAQ:CHX) reported Q2 adjusted earnings of $0.49 per share, beating the analyst consensus estimate of $0.44 by 11.36%. This is a 75% increase from the same period last year. However, the company's quarterly sales of $926.60 million missed the analyst consensus estimate of $980.39 million by 5.49%, marking a 0.64% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:31 pm

DE

A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $350.0 to $500.0 for Deere over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $530, while Citigroup maintained their Buy rating with a price target of $475.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

FCX

Unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The targeted price range for FCX over the last 3 months is from $34.0 to $55.0. The current price of FCX is up 3.67% at $42.1. Citigroup, Bernstein, and Morgan Stanley have downgraded their actions on FCX with price targets of $46, $41, and $38 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

DOW

Unusual options activity has been observed for Dow (NYSE:DOW), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 options trades for Dow, with sentiment split between 35% bullish and 64% bearish. Whales have been targeting a price range from $40.0 to $57.5 for Dow over the last 3 months. Barclays, Morgan Stanley, Citigroup, and Mizuho have maintained their ratings on Dow with price targets of $56, $54, $55, and $52 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

VEEV

Veeva Sys (NYSE:VEEV) has outperformed the market over the past 5 years by 10.01% on an annualized basis, producing an average annual return of 20.05%. If an investor had bought $1000 of VEEV stock 5 years ago, it would be worth $2,379.27 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

PH

Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years by 5.77% on an annualized basis, producing an average annual return of 13.66%. If an investor had bought $1000 of PH stock 20 years ago, it would be worth $13,387.28 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:30 pm

HXL

Hexcel Corporation has increased its FY23 EPS forecast from $1.70-$1.90 to $1.80-$1.94, which is still below the estimated $1.97.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 8:29 pm