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ANSS

Ansys (NASDAQ:ANSS) has outperformed the market over the past 10 years by 5.5% on an annualized basis, producing an average annual return of 15.94%. If an investor had bought $100 of ANSS stock 10 years ago, it would be worth $438.47 today.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:30 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years, producing an average annual return of 19.37%. If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,404.20 today.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:30 pm

GM

NFLX

TSLA

Earnings expectations for Q2 2023 are making a slight comeback, with many companies, particularly in tech, seeing upside revisions. However, the strategy of selling calls to hedge earnings reports has been prevalent, leading to clear earnings price targets. This has been observed in the cases of Tesla, Netflix, and General Motors, where despite positive earnings, the price drops after an initial surge due to the 'sold call' hedging method.

Portfolio Pulse from Jason DeLorenzo

July 25, 2023 | 3:26 pm

RTX

RTX Corporation reported Q2 FY23 sales growth of 12% YoY to $18.32 billion, beating the consensus of $17.68 billion. Adjusted EPS improved 11% YoY to $1.29, beating the consensus of $1.18. The company repurchased $596 million of RTX shares. However, RTX shares are trading down by 13.75% at $83.67 due to a rare condition in powder metal used to manufacture certain engine parts that will require accelerated fleet inspection.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 3:21 pm

MLI

Mueller Industries (NYSE:MLI) reported Q2 earnings of $3.12 per share, beating the analyst consensus estimate of $2.40 by 30 percent. However, this is a 14.52 percent decrease from the same period last year. The company's quarterly sales of $896.98 million missed the analyst consensus estimate of $1.03 billion by 12.91 percent, marking a 22.00 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 3:17 pm

ABT

Abbott Laboratories' (NYSE:ABT) short percent of float has risen 11.76% since its last report, with 13.22 million shares sold short, which is 0.76% of all regular shares available for trading. It would take traders 2.41 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Abbott Laboratories' peer group average for short interest as a percentage of float is 3.28%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:15 pm

CAT

Caterpillar's (NYSE:CAT) short percent of float has fallen 12.58% since its last report, with 6.77 million shares sold short, which is 1.32% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Caterpillar has less short interest, with an average of 5.57% for its peer group.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:15 pm

DEO

Diageo's (NYSE:DEO) short percent of float has fallen 14.71% since its last report, with 1.62 million shares sold short, which is 0.29% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Diageo. Compared to its peers, Diageo has less short interest as a percentage of float, with an average of 3.48%.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:15 pm

INTC

Chinese PC brand Machenike has indicated that it will launch a new gaming desktop featuring Intel's new generation of Core processors and RTX 40 series graphics cards in October. The desktop PCs will be the first to come with PCIe Gen5 SSDs as standard. However, the performance expectations for Intel's Raptor Lake Refresh processors are not inspiring based on leaked benchmarks.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:14 pm

IRDM

Iridium Communications reported worse-than-expected Q2 financial results, causing its shares to trade lower. However, the company reaffirmed its FY23 guidance.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 3:12 pm