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BMY

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GOOGL

MCD

The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. This has led to a decline in overall investor sentiment, as indicated by the CNN Money Fear and Greed index. Despite this, the Dow Jones closed higher, recording its longest winning streak since 1987. Alphabet Inc. and The Boeing Company reported better-than-expected quarterly results, leading to a rise in their share prices. Investors are now awaiting earnings results from McDonald's Corporation, Ford Motor Company, and Bristol-Myers Squibb Company.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 7:59 am

NIO

VWAGY

XPEV

European automakers are partnering with Chinese companies to expand their presence in the electric vehicle (EV) market. Volkswagen AG has announced a partnership with Chinese EV startup XPeng, and its subsidiary Audi plans to join forces with SAIC. Amid rumors of a potential partnership with Mercedes, Nio Inc's stock price has surged. These collaborations aim to capitalize on China's large market potential and advanced design, engineering, and manufacturing capabilities.

Portfolio Pulse from Anan Ashraf

July 27, 2023 | 7:53 am

BMY

EBAY

F

MCD

META

McDonald's, Meta Platforms, Ford Motor Company, eBay, and Bristol-Myers Squibb are the stocks to watch heading into Thursday. McDonald's and Bristol-Myers Squibb are expected to post their quarterly earnings before the opening bell. Meta Platforms and eBay reported better-than-expected Q2 results, while Ford is expected to release its earnings after the markets close.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 7:48 am

TTE

TotalEnergies anticipates its Q3 hydrocarbon production to be around 2.5 million barrels of oil equivalent per day (MBOE/D), with a refineries utilization rate above 80%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:43 am

STM

STMicroelectronics has revised its FY23 revenues outlook to $17.25B-$17.55B, from the prior range of $17.0B-$17.8B. The new estimate is in line with the consensus estimate of $17.3B.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 7:35 am

HON

Honeywell International Inc. (NASDAQ:HON) is expected to report higher Q2 earnings at $2.21 per share, up from $2.1 per share a year ago. The company's revenue is projected to be $9.17 billion. Honeywell's shares fell 0.7% to close at $208.26 on Wednesday. Several analysts have recently adjusted their price targets for the company, with the most recent changes ranging from $213 to $242.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 7:12 am

SSYS

Stratasys has sent a letter to its shareholders highlighting the value destruction track record of Nano Dimension. The letter is seen as a move to discourage shareholders from supporting Nano Dimension's bid to take over the company.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:45 am

AAPL

META

Meta Platforms, Inc. (NASDAQ:META) reported an 11% YoY revenue increase in Q2, its first double-digit growth since Q4 2021. Net income rose by 16% to $7.8 billion. The company's Q3 guidance of $32 billion-$34.5 billion exceeded the consensus estimate of $28.29 billion. Analysts praised the results and the company's focus on efficiency growth. Meta's strong performance was attributed to robust advertising growth, potentially due to Twitter’s ad revenue decline.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 6:42 am

SHEL

Shell has announced a $3 billion share buyback program to be completed by Q3 2023. This follows strong operational performance and cash flows in Q2, despite a lower commodity price environment. The company also plans to increase dividends by 15% and continue prioritizing share buybacks.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:34 am

SHEL

Shell (NYSE:SHEL) reported Q2 earnings of $1.50 per share, missing the analyst consensus estimate of $1.78 by 15.73%. This is a 51.3% decrease from the same period last year. However, the company reported quarterly sales of $74.58 billion, beating the analyst consensus estimate of $57.83 billion by 28.96%. This is a 25.46% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 6:29 am