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SILC

Silicom's shares are trading lower following the company's announcement of lower-than-expected Q2 results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:25 pm

AER

AerCap Holdings N.V. (NYSE:AER) reported a 10% YoY growth in total lease revenue for Q2 FY23, reaching $1.72 billion, but missed the analyst consensus of $1.82 billion. The company's total revenues and other income rose 15% to $1.92 billion. Adjusted EPS of $2.56 beat the analyst consensus of $2.06. AerCap also announced a new share repurchase program authorizing total repurchases of up to $500 million of its ordinary shares through December 31, 2023. The company raised the FY23 adjusted EPS guidance to $8.50-$9.00.

Portfolio Pulse from Shivani Kumaresan

July 31, 2023 | 12:25 pm

KYCH

Trading of Keyarch Acquisition Corp. shares is set to resume at 8:45 a.m. ET.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:22 pm

ON

ON Semiconductor Corp reported positive Q2 results and an optimistic Q3 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:21 pm

SILC

Silicom Ltd has projected its Q3 revenue to be between $30M-$31M, which is significantly lower than the estimated $44.06M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:18 pm

KYCH

ZOOZ Power Ltd. and Keyarch Acquisition Corporation have announced a business combination agreement, which will result in ZOOZ becoming publicly listed on Nasdaq under the symbol 'ZOOZ'. The transaction values ZOOZ at up to $100 million and is expected to provide a minimum of $10 million in net proceeds. The closing is expected to occur in Q4 2023, subject to shareholder and regulatory approvals. ZOOZ is a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 12:17 pm

MCHI

Jim Cramer, host of CNBC's Mad Money, expressed skepticism about China's ability to stimulate its economy while maintaining a 'guns and butter' strategy, referring to lavish spending on both defense and social programs. This comes as China's economy struggles to gain momentum following COVID-19 lockdowns, with consumer prices remaining unchanged and producer prices falling. The iShares MSCI China ETF (NASDAQ:MCHI) saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 12:15 pm

CDLX

CMLS

MSGS

ROKU

SPOK

The article lists five overbought stocks in the communication services sector that may be due for a price correction. These include Roku, Inc. (ROKU), Cumulus Media Inc. (CMLS), Madison Square Garden Sports Corp. (MSGS), Cardlytics, Inc. (CDLX), and Spok Holdings, Inc. (SPOK). All these companies have recently reported positive financial results or corporate news, and their stocks have seen significant price increases, pushing their Relative Strength Index (RSI) values above 70, which is typically considered overbought.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 12:15 pm

RMED

Ra Medical Systems has announced a proposed name change to Catheter Precision, Inc., effective from August 17, 2023. The company will also trade under a new ticker symbol, VTAK, starting from August 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:09 pm

CKPT

Checkpoint Therapeutics has announced a $10 million registered direct offering priced at-the-market. This move is expected to provide the company with additional capital for its operations.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:08 pm