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BXMT

Blackstone Mortgage Trust, Inc. (BXMT) reported Q2 net income from loans and other investments of $177.34 million, up 20.6% YoY and above the consensus of $170.2 million. The company's distributable earnings per share of $0.79 in Q2 beat the estimates of $0.66. The company exited the quarter with cash and equivalents worth $482.86 million. BXMT shares are trading higher by 4.55% to $23.44.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 3:40 pm

SPKY

UVXY

ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) is trading flat ahead of the Federal Reserve's decision on interest rates. The fund, which tracks the SPIKES Futures Short-Term Index, is similar to ProShares Ultra VIX Short Term Futures ETF (UVXY). The Federal Reserve is expected to announce a 0.25% rate hike, which could increase market volatility and potentially send SPKY higher. SPKY is currently in oversold territory and may be set for a short-term bounce.

Portfolio Pulse from Melanie Schaffer

July 26, 2023 | 3:34 pm

Shares of WW International Inc (NASDAQ:WW) have surged over 200% year to date, following the company's acquisition of GLP-1 telehealth brand Sequence. Morgan Stanley analyst Lauren Schenk upgraded the rating for WW International from Equal-Weight to Overweight and raised the price target from $5 to $13. The acquisition has led to a significant increase in Sequence's market share and unique visitors, implying quick subscriber growth.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 3:33 pm

FWRG

Zacks SurpriseTrader has reportedly purchased stocks of First Watch Restaurant Group (FWRG).

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:32 pm

STM

STMicroelectronics (NYSE:STM) has outperformed the market over the past 10 years by 9.18% on an annualized basis, producing an average annual return of 19.6%. If an investor had bought $1000 of STM stock 10 years ago, it would be worth $6,102.63 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:30 pm

ALGN

Align Tech (NASDAQ:ALGN) has outperformed the market over the past 20 years, producing an average annual return of 18.17%. If an investor had bought $1000 of ALGN stock 20 years ago, it would be worth $26,772.47 today. The company currently has a market capitalization of $25.52 billion.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:30 pm

ADI

AMD

AVGO

LSCC

MCHP

MPWR

SLAB

TER

TXN

Shares of semiconductor and chip stocks are trading lower in sympathy with Texas Instruments, which fell after issuing Q3 EPS guidance with a midpoint below estimates. The company also experienced weakness across end markets.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:27 pm

TDY

Teledyne Technologies Incorporated (NYSE:TDY) reported Q2 FY23 sales growth of 5.1% YoY to $1.425 billion, beating the consensus of $1.410 billion. Adjusted EPS was $4.67, above the consensus of $4.64. The company is looking for disciplined capital deployment including acquisitions. However, TDY shares are trading lower by 4.09% at $397.75.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 3:24 pm

GOOG

Alphabet Inc's Q2 results have sparked optimism among analysts despite market challenges. The company's revenue and operating income exceeded consensus estimates. Analysts from KeyBanc Capital Markets, Needham, JMP Securities, RBC Capital Markets, and Susquehanna have all maintained positive ratings and raised their price targets for Alphabet. The company's integration of AI into its ad and Cloud products, as well as its focus on efficiency, are seen as key drivers of growth.

Portfolio Pulse from Priya Nigam

July 26, 2023 | 3:17 pm

DAL

A significant amount of unusual options activity has been detected for Delta Air Lines (NYSE:DAL), with a notably bearish stance. 80% of the investors opened trades with bearish expectations and 20% with bullish. Whales have been targeting a price range from $35.0 to $50.0 for Delta Air Lines over the last 3 months. The price of DAL is down -0.97% at $45.99. Several financial institutions have maintained their positive ratings on Delta Air Lines, with price targets ranging from $50 to $70.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 3:16 pm