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KAVL

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) has been granted an additional 180 days by NASDAQ to regain compliance with the $1.00 minimum bid price rule requirement. The extension means Kaival Brands now has until January 29, 2024 to regain compliance. If the company fails to meet the requirement by the deadline, its common stock may be subject to delisting.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

PERI

Perion Network Ltd (NASDAQ:PERI) reported Q2 FY23 revenue growth of 22% YoY to $178.5 million, beating the consensus of $176 million. Display Advertising revenues rose 22% YoY to $99.4 million, while Search Advertising revenue increased 21% YoY to $79.1 million. The company also raised its FY23 revenue outlook to $730 million - $750 million from the previous $725 million - $745 million. PERI shares opened flat at $35.51 on Wednesday morning.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:20 am

IEF

MCD

PSP

QCOM

On CNBC's 'Halftime Report Final Trades', several financial experts made their picks. Joshua Brown of Ritholtz Wealth Management picked iShares U.S. Oil & Gas Exploration & Production ETF (PSP), Liz Young of BNY Mellon Investment Management chose iShares 7-10 Year Treasury Bond ETF (IEF), Jim Lebenthal of Cerity Partners named Qualcomm Incorporated (QCOM), and Stephanie Link of Hightower picked McDonald's Corporation (MCD). Qualcomm is due to report quarterly earnings on Aug. 2, and McDonald's recently reported strong Q2 FY23 sales growth.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:20 am

STE

Shares of STE (STERIS Plc) were temporarily halted due to a circuit breaker but have since rebounded and are now up by 5.32%.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

JCI

Johnson Controls International Plc (NYSE:JCI) reported Q3 FY23 sales growth of 7.8% YoY to $7.13 billion, missing the consensus of $7.19 billion. Adjusted EPS of $1.03 was in line with the analyst consensus. The company held $1.06 billion in cash and equivalents as of June 30, 2023. For FY23, the company sees adjusted EPS of $3.55 versus the street view of $3.58. JCI shares traded lower by 6.1% at $65.75 on the last check Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 11:20 am

HUM

Humana reported better-than-expected Q2 earnings per share (EPS) and a 15.7% increase in individual Medicare Advantage enrollment, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:19 am

AMC

TUP

Tupperware Brands Corp (TUP) shares have rallied over 430% in July and 26% in August due to increased retail interest and high short interest. The stock's surge was influenced by the retail-driven short squeeze that started after AMC Entertainment's shares surged. However, Jim Cramer of CNBC has warned that Tupperware may have to file for bankruptcy. The company is expected to report its Q2 earnings in about two weeks.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 11:19 am

GRMN

Garmin Ltd (NYSE:GRMN) reported a Q2 FY23 revenue growth of 6% YoY to $1.32 billion, beating the consensus of $1.28 billion. However, its Proforma EPS of $1.45 missed the consensus of $1.43. The company saw growth in three of its five segments, with Fitness growing by 23% YoY, Aviation improving by 6% YoY, and Auto OEM growing 77% YoY. Garmin increased its FY23 revenue outlook to $5.05 billion.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:19 am

AMD

AMD reported strong Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:19 am

SEDG

SolarEdge (SEDG) shares are trading lower due to weak Q3 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:19 am