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SPY

The US Producer Price Index (PPI) for June has come in at 0.1%, lower than the estimated 0.2%.

Portfolio Pulse from Bill Haddad

July 13, 2023 | 12:30 pm

DG

Dollar General Corp (NYSE:DG) has launched a new DG Cash Back Program in partnership with Ibotta Performance Network. The program allows customers to earn cash back in their DG Wallet on eligible purchases. The company's shares closed lower by 0.75% at $168.61 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 13, 2023 | 12:28 pm

FWBI

First Wave BioPharma announced that preliminary data from its Phase 2 SPAN trial suggest that the primary efficacy endpoint was likely not achieved, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:27 pm

UWMC

The annual consumer inflation fell to 3% in June, leading to a positive reaction in stocks. Traders revised their expectations for Federal Reserve rate hikes, which would be beneficial for UWM Holdings Corp (NYSE:UWMC). UWM's shares are up nearly 76% year-to-date, with a 6.72% dividend yield. To earn $500 a month from UWM, an investor would need to invest $89,286 or 14,980 shares.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 12:23 pm

DAL

Delta Air Lines Inc (NYSE:DAL) shares rose over 4% following the release of its Q2 results, which exceeded analyst expectations. The company reported a 19% YoY growth in adjusted operating revenue to $14.61 billion, beating the consensus of $14.46 billion. Adjusted EPS was $2.68, above the consensus of $2.39. Total passenger revenue increased 21% YoY to $13.21 billion, while cargo revenue decreased 37% YoY to $172 million. The company expects total revenue to be similar to the June quarter, up 11% to 14% compared to the September quarter 2022.

Portfolio Pulse from Akanksha Bakshi

July 13, 2023 | 12:18 pm

MTEM

Molecular Templates, Inc. (NASDAQ:MTEM) has announced a definitive securities purchase agreement with certain healthcare investors, providing up to $40 million in gross proceeds through a private placement in two tranches. The financing is led by BVF Partners LP and includes BB Biotech AG and Adage Capital Management. The initial tranche of $20 million is expected to close on July 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:16 pm

NWFL

Norwood Financial Corp has been re-included in the Russell 3000 Index. This could potentially increase the visibility of the company's stock and attract more investors.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:15 pm

PEP

PepsiCo's CFO, Johnston, has stated that the company is facing challenges in developing and emerging markets due to inflation. This information was revealed in an interview cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:15 pm

PEP

Pepsico Inc's CFO, Hugh Johnston, has noted consumer pressure in Latin America due to not just pricing but also broader inflation. However, he stated that consumers in developed markets are still doing quite well.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:14 pm

CAMP

Goldman Sachs analyst Jerry Revich maintains a Sell rating on CalAmp (NASDAQ:CAMP) and has lowered the price target from $2.75 to $0.8.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:12 pm