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PG

Procter & Gamble Co (NYSE:PG) reported Q4 FY23 sales growth of 5% YoY to $20.55 billion, beating the analyst consensus. Organic sales increased 8%, driven by higher pricing and a favorable product mix. The company returned over $16 billion of value to shareholders in fiscal 2023 via dividends and share repurchases. For FY24, P&G expects organic sales growth of 4%-5% and EPS of $6.25-$6.43.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 11:40 am

ENPH

Deutsche Bank analyst Corinne Blanchard has downgraded Enphase Energy (NASDAQ:ENPH) from Buy to Hold and lowered the price target from $200 to $165.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 11:39 am

BABA

META

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher amid a positive week that included a collaboration with Meta Platforms Inc (NASDAQ:META) and Ant Group on artificial intelligence, and a focus on its initial public offering. Alibaba also collaborated with Tencent Holdings Ltd (OTC: TCEHY) to promote their flagship brands, focusing on online shopping and esports. However, Alibaba's China commerce business has suffered from weak retail sales nationwide, with revenue falling by 3% year-on-year in the March quarter.

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 11:37 am

BIIB

RETA

Biogen has announced its acquisition of Reta Pharma for $172.50 per share in cash. Trading of Reta Pharma shares has resumed following the announcement.

Portfolio Pulse from Charles Gross

July 28, 2023 | 11:37 am

INTC

Intel Corporation reported better-than-expected Q2 results with revenue of $12.9 billion, beating the Street consensus estimate of $10.97 billion. The company also issued strong guidance for Q3. Following the announcement, Intel shares gained 6.3% in pre-market trading. Several analysts, including those from Deutsche Bank, Wolfe Research, Barclays, Needham, and JP Morgan, have revised their price targets on Intel.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:34 am

CNHI

CNH Industrial (CNHI) has reaffirmed its 2023 guidance for its industrial activities, projecting net sales to increase by 8-11%.

Portfolio Pulse from Bill Haddad

July 28, 2023 | 11:31 am

ICCT

MFON

RCG

Insiders at Mobivity Holdings Corp. (MFON), RENN Fund, Inc. (RCG), and iCoreConnect Inc. (ICCT) have recently made significant share purchases. MFON's director acquired shares worth $1.79 million, RCG's CEO bought shares worth $775, and ICCT's CEO purchased shares worth $81,545. These transactions may indicate the insiders' confidence in their respective companies' prospects.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:28 am

SQ

Exane BNP Paribas analyst Alex Faure has upgraded Block (NYSE:SQ) from Underperform to Outperform and set a price target of $95.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 11:24 am

FSLR

B of A Securities analyst Julien Dumoulin-Smith has upgraded First Solar (NASDAQ:FSLR) from Neutral to Buy and raised the price target from $202 to $283.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 11:17 am

TTD

BTIG analyst Clark Lampen has upgraded Trade Desk (NASDAQ:TTD) from Neutral to Buy and announced a price target of $103.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 11:16 am