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AOS

A.O. Smith Corporation's Q2 FY23 sales slightly decreased by 1% YoY to $960.80 million, missing the consensus of $965.73 million. However, the adjusted EPS of $1.01 beat the consensus of $0.91. The company warns of higher steel costs in North America in H2 2023, which may put pressure on margins. The company's FY23 sales outlook is between $3.75 billion and $3.83 billion, with an adjusted EPS of $3.45-$3.60.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 3:19 pm

TSM

Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) are trading higher following strong Q4 financial results from Lam Research. Lam Research reported adjusted earnings of $5.98 per share, surpassing the analyst consensus estimate of $5.07. The company also reported quarterly sales of $3.21 billion, exceeding the analyst consensus estimate of $3.13 billion. Following the earnings print, LRCX received a number of analyst rating updates.

Portfolio Pulse from Henry Khederian

July 27, 2023 | 3:19 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher after the company announced a renewed national brokerage agreement with Great North Distributors, Inc. The 4-year agreement will continue to make Great North the exclusive representative for Tilray’s full portfolio of recreational cannabis products across the Canadian marketplace, excluding Quebec. Tilray recently released its Q4 and fiscal-year 2023 financial results, beating analyst's top-line estimates. Shares of TLRY are up by more than 26% over the last five sessions and more than 36% over the last month.

Portfolio Pulse from Erica Kollmann

July 27, 2023 | 3:17 pm

CUTR

Piper Sandler has upgraded Cutera's stock, leading to a rise in the company's shares.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 3:16 pm

UPS

United Parcel Service's (NYSE:UPS) short percent of float has risen 18.7% since its last report, with 10.58 million shares sold short. This is 1.46% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, UPS's short interest as a percentage of float is less than its peer group average of 3.26%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:15 pm

MET

MetLife's (NYSE:MET) short percent of float has fallen 12.64% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.22 million shares sold short, which is 1.59% of all regular shares available for trading. Compared to its peers, MetLife has less short interest as a percentage of float, with the average being 2.60%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:15 pm

JNJ

Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 8.0% since its last report, indicating a decrease in bearish sentiment. The company has 12.08 million shares sold short, which is 0.46% of all regular shares available for trading. Compared to its peers, Johnson & Johnson has less short interest as a percentage of float, with an average of 3.51%.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 3:15 pm

LRCX

Lam Research Corporation (NASDAQ:LRCX) reported strong Q4 results, leading to a spike in its share price. Analysts from Bernstein, KeyBanc Capital Markets, and Needham provided positive feedback on the company's performance, with Bernstein raising its price target from $500 to $550. The company's gross margins were higher than expected due to cost savings and a favorable mix. Lam Research also raised its 2023 WFE outlook to the mid-$70bn range, driven by the strength of the China domestic and HBM markets.

Portfolio Pulse from Priya Nigam

July 27, 2023 | 3:13 pm

ABBV

AbbVie Inc has reported Q2 adjusted EPS of $2.91, down 13.6% Y/Y, beating the consensus of $2.80. Overall sales decreased 4.9% Y/Y to $13.87 billion, beating the consensus of $13.52 billion. The company has raised FY23 adjusted EPS guidance from $10.57-$10.97 to $10.90-$11.10. ABBV shares are up 5.20% at $149.28.

Portfolio Pulse from Vandana Singh

July 27, 2023 | 3:11 pm

SNAP

Snap Inc's shares are trading lower by around 2.84% after the company reported its Q3 earnings. The company's revenue was $1.07 billion, down 4% YoY but ahead of the Street consensus estimate of $1.05 billion. Snap reported a loss of two cents per share, beating the Street estimate of a loss of four cents per share. The company ended the quarter with 397 million daily active users, up 14% YoY. Despite exceeding estimates, the decline in revenue may concern investors.

Portfolio Pulse from Henry Khederian

July 27, 2023 | 3:11 pm