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LAZY

Lazydays Holdings, Inc. (NASDAQ:LAZY) reported a 17.4% YoY decline in Q2 FY23 sales to $308.38 million, missing the consensus of $315.17 million. However, EPS of $0.14 topped the analyst consensus of $0.11. Gross profit for the quarter slumped 31.3% YoY to $67.72 million, and the corresponding margin contracted 440 basis points to 22%. The company remains on track to open new locations in the third quarter.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 4:27 pm

TSLA

Tesla shares are trading higher amid overall market strength.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:25 pm

SIMO

Silicon Motion Technology reported better-than-expected Q2 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:24 pm

BAC

SHY

VIXY

Bank of America's Global Equity Derivatives Research team has noted that market hedging costs are at a historic low, making it a sensible time to buy long-dated S&P 500 put options. The team highlighted that the current low cost of protection is particularly notable given the current climate of 3-4% inflation, a potential recession, and high stock-market valuations despite elevated interest rates. The iShares 1-3 Year Treasury Bond ETF (NYSE:SHY) and the Proshares Trust VIX Short-Term Futures ETF (NYSE:VIXY) were mentioned as other ways to hedge against market downturns.

Portfolio Pulse from Piero Cingari

July 28, 2023 | 4:23 pm

RCEL

Avita Medical's stock is trading higher after Bank of America Securities maintained a Buy rating on the stock and increased its price target from $18 to $27.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:22 pm

SKYW

SkyWest shares are trading higher following the company's Q2 revenue results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:20 pm

HURN

Huron Consulting Group's shares are trading higher following the company's Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 4:18 pm

CHD

Church & Dwight Co Inc (NYSE:CHD) reported Q2 2023 sales growth of 9.7% YoY to $1.45 billion, beating the consensus of $1.42 billion. The company continues to experience strong consumer demand and a favorable product mix. Adjusted EPS of $0.92 beat the analyst consensus of $0.79. The company raised its FY23 adjusted EPS forecast to $3.15, representing 6% growth. CHD shares are trading higher by 1.79% at $97.67.

Portfolio Pulse from Nabaparna Bhattacharya

July 28, 2023 | 4:17 pm

ADBE

AMD

TSLA

Bill Baruch, during a live CNBC broadcast, announced that he has sold his shares in Tesla (TSLA), Advanced Micro Devices (AMD), and Adobe (ADBE).

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 4:15 pm

REGN

Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) stock has increased by 3.83% over the past month and by 29.37% over the past year. Despite this performance, its P/E ratio is lower than the aggregate P/E of the Biotechnology industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth. Investors are advised to use the P/E ratio in conjunction with other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:15 pm