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TREX

Trex Co shares are trading higher after the company reported strong Q2 earnings. Several firms have also raised their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:31 am

ZI

ZoomInfo Technologies Inc (ZI) shares dropped after the company reported mixed Q2 earnings and weak guidance. Analysts from Piper Sandler, Mizuho Securities, Truist Securities, Needham, and JMP Securities provided their insights, with most reducing their price targets. The company's revenue shortfall and lowered outlook for 2023 were highlighted as concerns, with software renewals identified as a key challenge.

Portfolio Pulse from Priya Nigam

August 04, 2023 | 9:30 am

CNO

CNO Financial Group's shares are trading lower following the company's Q2 earnings report, which revealed worse-than-expected adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:30 am

AMSC

ANET

AUDC

NKLA

RYTM

Despite a general downturn in the US stock market, several companies saw significant gains. American Superconductor Corporation (AMSC) jumped 49% amid claims of a new superconductor. Nikola Corporation (NKLA) gained 21% after being awarded an additional $16.3 million for hydrogen refueling stations. Rhythm Pharmaceuticals (RYTM), Arista Networks (ANET), and AudioCodes (AUDC) all saw gains following strong quarterly sales or better-than-expected results. EQRx (EQRX) gained 14.3% following an announcement of its acquisition by Revolution Medicines. Other companies such as Emergent BioSolutions (EBS), Proterra (PTRA), Great Lakes Dredge & Dock Corporation (GLDD), Mativ Holdings (MATV), Douglas Dynamics (PLOW), TETRA Technologies (TTI), Varonis Systems (VRNS), HUTCHMED (HCM), SunCoke Energy (SXC), Rigetti Computing (RGTI), Oshkosh Corporation (OSK), Caterpillar (CAT), and Global Payments (GPN) also recorded gains.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 9:30 am

CRK

Comstock Resources reported worse-than-expected Q2 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:30 am

IBN

ICICI Bank (NYSE:IBN) has outperformed the market over the past 5 years, producing an average annual return of 21.86%. If an investor had bought $1000 of IBN stock 5 years ago, it would be worth $2,732.81 today.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:30 am

WWD

Woodward Inc's shares are trading higher after Wells Fargo and Truist Securities maintained their ratings and raised their price targets. Wells Fargo maintained an Equal-Weight rating and raised its price target from $110 to $128. Truist Securities maintained a Hold rating and raised its price target from $110 to $124.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:30 am

CMCSA

Comcast (NASDAQ:CMCSA) has outperformed the market over the past 15 years, producing an average annual return of 10.16%. If an investor had bought $100 of CMCSA stock 15 years ago, it would be worth $421.04 today. The company currently has a market capitalization of $186.97 billion.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:29 am

HLN

Haleon Inc.'s stock price has dropped by 2.44% in the current market session, but has increased by 4.56% over the past month and 17.74% over the past year. The company's P/E ratio of 28.62 is lower than the Personal Products industry average of 38.24, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:29 am

MMYT

MakeMyTrip Limited reported better-than-expected Q1 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 9:29 am