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CVX

Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, beating the analyst consensus estimate of $2.97 by 3.7%. However, this is a 47.08% decrease from the same period last year. The company also reported quarterly sales of $48.90 billion, beating the estimate of $48.00 billion by 1.87%, but this is a 28.89% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:21 am

CRI

Carter's has revised its FY23 net sales forecast from $3.0B to a range of $2.95B-$3.00B, slightly below the consensus estimate of $3B. The company posted $3.21B in net sales for FY22.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:19 am

CVX

Chevron (NYSE:CVX) reported Q2 earnings of $3.08 per share, missing the analyst consensus estimate of $3.28 by 6.1%. This is a 47.08% decrease from the same period last year. The company's quarterly sales of $48.90 billion beat the analyst consensus estimate of $48.80 billion by 0.20%, but this is a 28.89% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:16 am

CRI

Carter's, Inc. (CRI) has projected its Q3 net sales to be between $770M and $790M, which is slightly below the consensus estimate of $789.07M. The company also expects its adjusted EPS to be between $1.45 and $1.55, lower than the consensus estimate of $1.75.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:16 am

AVTR

Avantor (NYSE:AVTR) reported Q2 earnings of $0.28 per share, missing the analyst consensus estimate of $0.29 by 3.45%. This is a 24.32% decrease from the same period last year. The company also reported quarterly sales of $1.74 billion, missing the analyst consensus estimate of $1.80 billion by 3.28%, a decrease of 8.95% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:06 am

EBAY

LUV

MSFT

TSLA

The S&P 500 and Dow Jones closed lower on Thursday, with the S&P 500 experiencing increased volatility following the release of faster-than-expected GDP data. eBay and Southwest Airlines shares fell after reporting Q2 results, while Microsoft and Tesla also contributed to the Nasdaq 100's decline. The CBOE Volatility Index rose 9.3%.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 9:55 am

LUV

Raymond James analyst Savanthi Syth has downgraded Southwest Airlines from Strong Buy to Outperform and lowered the price target from $47 to $40.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 9:38 am

EEMA

EWU

EZU

FLAX

SPY

US markets ended lower on July 26, with Dow Jones breaking its 13-session winning streak. The US economy grew by an annualized 2.4% in Q2, higher than market estimates of 1.8%. Initial jobless claims fell to 221,000, the lowest in five months. Asian markets showed mixed results, with Japan's Nikkei 225 and Australia's S&P/ASX 200 falling, while Shanghai Composite and Hang Seng index rose. European markets were mostly down, while commodities showed mixed results. US futures were up, and the US Dollar Index rose by 0.09%.

Portfolio Pulse from Akanksha Bakshi

July 28, 2023 | 9:35 am

FIXX

Baird analyst Madhu Kumar has downgraded Homology Medicines (NASDAQ:FIXX) from Outperform to Neutral and lowered the price target from $9 to $1.5.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 9:33 am

LUV

Deutsche Bank analyst Michael Linenberg has downgraded Southwest Airlines (NYSE:LUV) from Buy to Hold and lowered the price target from $52 to $38.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 9:28 am