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STLD

Steel Dynamics, Inc. (NASDAQ:STLD) has successfully restarted the hot mill at its Sinton Texas Flat Roll Steel Mill on July 28, 2023, following an unplanned outage that began on July 1, 2023. The outage was due to caster shear equipment issues, which have now been resolved. The company's cold mill and downstream value-added flat rolled steel coating lines continued to operate during the outage.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:57 pm

CVII

Trading of Churchill Capital Corp shares has been halted due to pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 1:53 pm

BIDU

EQT

PSP

On CNBC's 'Halftime Report Final Trades', Anastasia Amoroso of JPMorgan Private Bank recommended Invesco Global Listed Private Equity ETF (PSP), Joseph Terranova of Virtus Investment Partners picked EQT Corporation (EQT), and Stephen Weiss of Short Hills Capital Partners named Baidu, Inc. (BIDU) as his final trade. EQT posted better-than-expected earnings for Q2, while sales missed expectations. Baidu was recently downgraded from Positive to Mixed by OTR Global.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:47 pm

DSX

Diana Shipping (NYSE:DSX) reported Q2 earnings of $0.09 per share, missing the analyst consensus estimate of $0.14 by 35.71%. This is a 78.57% decrease from the same period last year. The company also reported quarterly sales of $67.38 million, missing the analyst consensus estimate of $70.20 million by 4.02%. This is a 9.59% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:45 pm

INBS

Intelligent Bio Solutions Inc. (NASDAQ:INBS) has secured 8 new customers in Australia within two months of launching its Intelligent Fingerprinting Drug Screening System. These customers are from various sectors including Mining, Aviation, Construction, Manufacturing, and Agriculture, and collectively employ over 10,000 individuals. The company's expansion in Australia highlights the growing demand for alternative screening solutions.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:37 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) is expected to report higher Q3 earnings of 86 cents per share, up from 84 cents per share a year ago, with revenues of $8.42 billion. The company's shares rose 0.3% to close at $101.57 on Monday. Recent price target changes by analysts include Citigroup's cut from $117 to $112, Wells Fargo's cut from $125 to $120, Stephens & Co.'s raise from $103 to $110, Piper Sandler's target of $107, and Evercore ISI Group's boost from $120 to $125.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:34 pm

EFSH

ILPT

MMLP

Insiders at Martin Midstream Partners L.P. (MMLP), 1847 Holdings LLC (EFSH), and Industrial Logistics Properties Trust (ILPT) have recently made significant stock purchases. MMLP's director acquired 12,369 shares at an average price of $2.30, EFSH's 10% owner bought 94,200 shares at $0.22 each, and ILPT's director purchased 50,000 shares at $3.77 each. MMLP reported a decline in Q2 EPS, while EFSH expects a 54% YoY increase in Q2 revenue. ILPT reported lower quarterly sales.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 1:33 pm

CAT

Caterpillar's CEO has announced that the company's 2023 results are expected to be better than previously anticipated.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:32 pm

ETN

Eaton Corp PLC (NYSE:ETN) reported Q2 FY23 net sales of $5.87 billion, a 13% Y/Y increase, beating the consensus of $5.74 billion. Adjusted EPS improved 18% Y/Y to $2.21, also beating the consensus of $2.11. The company raised its FY23 EPS outlook to $8.65-$8.85 from $8.30-$8.50. ETN shares are trading higher by 1.60% at $208.60 premarket.

Portfolio Pulse from Lekha Gupta

August 01, 2023 | 1:31 pm

JYD

Jayud Global Logistics Limited (NASDAQ:JYD) has announced a significant expansion of its operations, including the addition of cold storage and dry storage facilities. The move is in response to the growing demand in China's cold chain logistics market, which is expected to reach a market size of approximately US$126 billion by 2025.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:31 pm