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ALLY

Ally Financial Inc (ALLY) reported mixed Q2 2023 earnings with revenues of $2.066 billion, missing the consensus of $2.090 billion, and adjusted EPS of $0.96, beating the consensus of $0.92. Several analysts adjusted their price targets and EPS estimates for the company. ALLY shares are trading lower by 2.55% at $28.91.

Portfolio Pulse from Lekha Gupta

July 20, 2023 | 6:42 pm

SIRI

Trading of Sirius XM Holdings shares has resumed.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 6:40 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) announced plans to abandon its seat-based pricing initiative after a test pilot program showed little to no lift in front-row attendance. The company is now planning a new initiative to test enhanced front row seating. AMC shares were down 2.55% at $4.26 at the time of writing.

Portfolio Pulse from Adam Eckert

July 20, 2023 | 6:38 pm

CURLF

Curaleaf Holdings Inc (OTC:CURLF) has laid off 49 workers at its Winslow, New Jersey production facility due to lower-than-expected supply requirements. This is the second round of layoffs in the state, following a previous closure of the Bellmawr facility that resulted in 40 job cuts. Despite the layoffs, Curaleaf still retains over 150 employees in Winslow and around 400 in New Jersey.

Portfolio Pulse from Nicolás Jose Rodriguez

July 20, 2023 | 6:37 pm

SEDG

Shares of Solaredge Technologies Inc (NASDAQ:SEDG) are trading lower by 4.34% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. This could indicate constraints in the semiconductor industry, potentially affecting SolarEdge's ability to source necessary components for its products, leading to production delays or increased costs.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 6:36 pm

SIRI

Shares of Sirius XM (SIRI) were halted on a circuit breaker to the upside, with the stock now up 30.2%.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 6:35 pm

SIRI

Trading of Sirius XM shares has resumed.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 6:33 pm

AMAT

Shares of Applied Materials, Inc. (NASDAQ:AMAT) are trading lower by 4.68% due to weak third-quarter and 2023 guidance issued by Taiwan Semiconductor. Applied Materials, a supplier of semiconductor manufacturing equipment, relies on semiconductor companies like TSM for business. A disappointing TSM earnings could indicate weaker demand for semiconductor manufacturing services, potentially impacting Applied Materials' revenue and profitability.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 6:32 pm

QCOM

Shares of Qualcomm Inc (QCOM) are trading lower by 1.75% due to negative sentiment in the semiconductor sector, following Taiwan Semiconductor's weak Q3 and 2023 guidance. This has led to a sell-off in semiconductor stocks, including QCOM.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 6:31 pm

PANW

Palo Alto Networks's (NYSE:PANW) short percent of float has risen 9.4% since its last report, with 22.58 million shares sold short, which is 7.68% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 5.13%. Short interest can act as an indicator of market sentiment towards a particular stock.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:30 pm