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LPLA

LPL Financial Holdings reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:45 pm

NWL

Newell Brands reported better-than-expected Q2 results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:45 pm

MPLX

The short percent of float for MPLX (NYSE:MPLX) has risen by 30.95% since its last report, with 11.63 million shares sold short, representing 3.3% of all regular shares available for trading. This could take traders 7.21 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, MPLX's short interest as a percentage of float is less than its peer group average of 3.50%.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:45 pm

STM

STMicroelectronics's (NYSE:STM) short percent of float has risen 31.71% since its last report, with 4.84 million shares sold short, which is 0.54% of all regular shares available for trading. An increase in short interest can signal that investors have become more bearish. However, STMicroelectronics's peer group average for short interest as a percentage of float is 4.90%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 3:45 pm

INVO

Shares of INVO BioScience have resumed trading.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:45 pm

GNTX

Gentex Corp reported Q2 FY23 sales growth of 26% YoY to $583.47 million, beating the analyst consensus. Automotive net sales improved by 27% and light vehicle production increased by 18%. The company repurchased 0.9 million shares of its common stock during Q2. Gentex expects FY23 revenue of about $2.2 billion - $2.3 billion.

Portfolio Pulse from Shivani Kumaresan

July 28, 2023 | 3:44 pm

BAC

TSLA

Sigma Lithium, a Brazilian lithium mining company, has been approached by funds and multinationals for potential M&A, coordinated by Bank of America. Interested parties include Chinese Cmoc, Saudi Arabia's sovereign wealth fund PIF, and possibly Tesla. Sigma Lithium is listed on the Canadian TSXV exchange and Nasdaq, with a market value of $4.4 billion.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 3:42 pm

OVV

Ovintiv Inc. reported its Q2 financial results, which led to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:39 pm

ERIE

Erie Indemnity Company's shares are trading higher following the release of its Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 3:38 pm

LYV

Shares of Live Nation Entertainment Inc (NYSE:LYV) rose after the company reported record-breaking quarterly results. The company is expected to benefit from strong concert demand continuing into 2024, according to Oppenheimer. Analyst Jed Kelly maintained an Outperform rating for Live Nation Entertainment while raising the price target from $110 to $115. The company's 2024 event pipeline is up from what the 2023 pipeline looked like last year. Live Nation Entertainment's deferred revenue has also accelerated to +37% year-on-year.

Portfolio Pulse from Priya Nigam

July 28, 2023 | 3:38 pm