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TSEM

Tower Semiconductor Ltd reported mixed Q2 results, following which its shares traded higher. The company is also a potential acquisition target for Intel Corp.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:24 am

NOG

Northern Oil & Gas Inc (NOG) has revised its 2023 guidance and provided an operational update for Q2 2023. The company has raised its 2023 production targets to 96,000 - 100,000 Boe per day, up from 91,000 - 96,000, due to better-than-expected well performance and contributions from the Forge and Novo acquisitions. However, Q2 2023 production is expected to be negatively impacted by around 900 Boe per day due to lower oil prices. The company's shares closed higher by 2.77% at $38.15 on Tuesday.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 11:23 am

TGT

Raymond James analyst Bobby Griffin has downgraded Target (NYSE:TGT) from Strong Buy to Market Perform.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:21 am

GOOGL

Alphabet Inc. reported better-than-expected Q2 results with a 7% YoY increase in revenue to $74.604 billion, beating the consensus estimate of $65.42 billion. The company's shares jumped 6.5% in pre-market trading. Following the earnings announcement, Needham and Keybanc analysts raised their price targets on Alphabet.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:18 am

SLAB

Silicon Labs has provided its Q3 outlook, expecting revenue to be between $190M-$210M, lower than the $256.16M estimate. Adjusted EPS is projected to be $0.45 - $0.73, also lower than the $1.08 estimate. GAAP gross margin is expected to be 59%, with operating expenses of approximately $120M. Non-GAAP figures, excluding certain items, project a gross margin of 59% and operating expenses of approximately $95M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:09 am

KO

Coca-Cola's shares are trading higher following the company's Q2 results, which exceeded expectations.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:09 am

T

AT&T Inc reported positive second-quarter results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:09 am

DGX

Quest Diagnostics has revised its FY23 revenue guidance to $9.12B-$9.22B, up from the prior guidance of $8.93B-$9.08B. The new guidance surpasses the consensus of $9.06B. The company also forecasts an adjusted EPS of $8.50-$8.90, compared to the consensus of $8.69 and prior guidance of $8.45-$8.95.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 11:07 am

RILY

B. Riley Financial has priced its share offering at $55 per share, with a total of 1,818,182 shares being offered.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 11:06 am

TME

JP Morgan analyst Alex Yao has downgraded Tencent Music Enter Gr (NYSE:TME) from Overweight to Neutral.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:05 am