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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

EMN

Eastman Chemical (NYSE:EMN) reported Q2 adjusted earnings of $1.99 per share, beating the analyst consensus estimate of $1.93 by 3.11%. However, this is a 29.68% decrease from the same period last year. The company's quarterly sales of $2.32 billion missed the analyst consensus estimate of $2.59 billion by 10.27%, marking a 16.52% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:15 pm

MGRC

McGrath RentCorp (NASDAQ:MGRC) reported Q2 earnings of $1.14 per share, beating the analyst consensus estimate of $0.99 by 15.15%. This is a 6.54% increase from the same period last year. The company also reported quarterly sales of $203.03 million, beating the analyst consensus estimate of $194.58 million by 4.34%, a 14.69% increase from the same period last year.

Portfolio Pulse from totan@benzinga.com

July 27, 2023 | 8:14 pm

SKX

Skechers has projected its Q3 sales to be between $1.95B and $2.01B, which is lower than the estimated $2.07B. The company also forecasts its FY23 sales to range from $7.95B to $8.1B, slightly above the estimated $8.08B.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:14 pm

ENPH

Enphase Energy Inc. has projected its Q3 revenue to be between $550M and $600M, which is significantly lower than the estimated $748.08M.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:11 pm

COUR

Coursera's Q2 sales reached $153.70 million, surpassing the analyst consensus estimate of $145.86 million by 5.38 percent. This represents a 23.20 percent increase over the same period last year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 8:11 pm

DIA

IWM

TLT

XLF

The VIX index surged over 10% amid speculation that the Bank of Japan might remove the yield curve control, causing major U.S. stock indices to turn red. The SPDR Dow Jones Industrial Average ETF (DIA) broke its record streak, losing 0.7% for the session. The iShares Russell 2000 ETF (IWM) fell 1.3%, and the Financial Select Sector SPDR Fund (XLF) was down 1.3% following new regulations by U.S. regulators. The iShares 20+ Year Treasury Bond ETF (TLT) declined by 2%.

Portfolio Pulse from Piero Cingari

July 27, 2023 | 8:11 pm

F

Ford Motor Co has revised its full-year EBIT forecast, now expecting a loss of about $4.5 billion for the Ford Model E.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 8:10 pm