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AMD

INTC

LRCX

META

Advanced Micro Devices Inc (AMD) stock closed higher along with its peers on Thursday, following upbeat quarterly results from Lam Research Corp (LRCX) and Meta Platforms, Inc (META). Rosenblatt analyst Hans Mosesmann reiterated AMD with a Buy and a $200 price target. The analyst sees AMD delivering in-line 2Q23 results in a transitional quarter leading into a second half that has multiple growth drivers. AMD shares closed higher by 0.92% at $111.10 on Thursday.

Portfolio Pulse from Anusuya Lahiri

July 27, 2023 | 8:27 pm

TXRH

Texas Roadhouse has reiterated its FY23 outlook for positive comparable restaurant sales growth, including the benefit of menu pricing actions.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:26 pm

CP

Canadian Pacific Railway (NYSE:CP) reported Q2 earnings of $0.62 per share, missing the analyst consensus estimate of $0.72 by 14.17%. This is a 16.49% decrease from the same period last year. The company also reported quarterly sales of $2.38 billion, missing the analyst consensus estimate of $2.48 billion by 3.95%. However, this is a 38.01% increase from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:26 pm

TXRH

Texas Roadhouse's comparable restaurant sales at company restaurants for the first four weeks of Q3 have increased by 10.7%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:25 pm

FBIN

Fortune Brands (NYSE:FBIN) reported Q2 earnings of $1.07 per share, beating the analyst consensus estimate of $1.02 by 4.9%. However, this is a 3.6% decrease from the same period last year. The company's quarterly sales of $1.16 billion missed the analyst consensus estimate of $1.17 billion by 0.51%, marking a 7.25% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:22 pm

ULH

Universal Logistics Hldgs (NASDAQ:ULH) reported Q2 earnings of $0.90 per share, missing the analyst consensus estimate of $1.01 by 10.89%. This is a 46.75% decrease from the same period last year. The company also reported quarterly sales of $412.57 million, missing the analyst consensus estimate of $448.10 million by 7.93%. This is a 21.74% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:19 pm

X

United States Steel (NYSE:X) reported Q2 earnings of $1.92 per share, beating the analyst consensus estimate of $1.80 by 6.67%. However, this is a 50.26% decrease from the same period last year. The company's quarterly sales of $5.01 billion missed the analyst consensus estimate of $5.11 billion by 2.00%, marking a 20.38% decrease from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:19 pm

ENSG

Ensign Group Inc. has raised its revenue guidance for FY23 from $3.68B-$3.73B to $3.69B-$3.73B, compared to the estimated $3.71B.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:18 pm

ENSG

Ensign Group Inc. has raised its fiscal year 2023 earnings per share (EPS) guidance from $4.64-$4.77 to $4.70-$4.78, which is slightly above the estimated $4.71.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:17 pm

EFC

EXR

GNL

MITT

OPI

WMC

The real estate investment trust (REIT) sector has seen a surge in merger and acquisition (M&A) activity. AG Mortgage Investment Trust (NYSE:MITT) has offered to acquire Western Asset Mortgage Capital Corp. (NYSE:WMC), disrupting a potential merger with Terra Property Trust Inc. Global Net Lease Inc. (NYSE:GNL) plans to acquire Necessity Retail REIT Inc. (NASDAQ:RTL) to diversify its holdings. Office Properties Income Trust (NASDAQ:OPI) acquired Diversified Healthcare Trust (NASDAQ:DHC) in an all-share transaction, despite opposition from shareholders. Extra Space Storage Inc. (NYSE:EXR) and Life Storage Inc. (NYSE:LSI) merger was approved by shareholders, and Ellington Financial Inc. (NYSE:EFC) announced its acquisition of Arlington Asset Investment Corp. (NYSE:AAIC) and Great Ajax Corp. (NYSE:AJX).

Portfolio Pulse from Ethan Roberts

July 27, 2023 | 8:15 pm