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LYV

Live Nation Entertainment (NYSE:LYV) has received various analyst ratings in the last quarter, with a majority being bullish. The average 12-month price target for the company has increased by 7.7% to $102.42, according to 12 analysts. Analyst ratings are determined through various methods including company conference calls, financial statement research, and insider communication.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:00 pm

SHW

Sherwin-Williams Co (NYSE:SHW) reported Q2 FY23 sales growth of 6.3% YoY to $6.24 billion, beating the analyst consensus estimate of $6.03 billion. The increase was driven by selling price increases and volume growth. Adjusted EPS of $3.29 beat the analyst consensus of $2.69. The company sees FY23 adjusted EPS of $9.30 - $9.70, below the consensus of $8.79. SHW shares are trading higher by 3.47% at $277.24.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 3:59 pm

NKLA

Nikola Corporation's shares are trading lower, with a 10% drop over the last five sessions. This follows a fire incident at the company's headquarters involving one of its trucks that had previously caught fire. Additionally, Nikola announced that FFI will acquire its Phoenix Hydrogen Hub project, providing the necessary capital and resources for its development. Despite the recent drop, Nikola's stock is up by over 70% in the last month.

Portfolio Pulse from Erica Kollmann

July 25, 2023 | 3:58 pm

HRI

Herc Holdings Inc (NYSE:HRI) reported Q2 FY23 sales growth of 25.2% YoY to $802 million, missing the analyst consensus estimate of $814.65 million. Adjusted EPS of $2.69 also missed the analyst consensus of $3.13. Despite the miss, Herc reaffirmed its FY23 adjusted EBITDA outlook of $1.45 billion-$1.55 billion. Following the announcement, HRI shares dropped by 4.96%.

Portfolio Pulse from Shivani Kumaresan

July 25, 2023 | 3:57 pm

CRM

Jeff Smith from Starboard Value LP expressed his belief on CNBC that Salesforce (CRM) can reach above $300 per share.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:54 pm

UPS

Shares of United Parcel Service (UPS) are trading higher after the Teamsters union reached a tentative agreement for UPS workers.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 3:53 pm

LW

Lamb Weston Holdings, Inc. (NYSE:LW) reported Q4 net sales of $1.695 billion, up 47% YoY, beating the analyst consensus of $1.660 billion. Adjusted EPS increased 91% to $1.22, beating the analyst consensus of $1.05. The company expects net sales of $6.7 billion-$6.9 billion for FY24. Despite the positive earnings report, LW shares are trading lower by 6.79% to $105.04.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 3:52 pm

IRDM

Iridium Communications Inc reported Q2 FY23 revenue growth of 10.4% YoY to $193.11 million, missing the consensus of $198.42 million. The company registered a quarterly EPS loss ($0.24) in Q2, primarily due to the write-off of Iridium's remaining ground spare satellite. Total billable subscribers rose 14% YoY to 2.14 million, driven by growth in commercial IoT customers. The company reiterated its full-year 2023 outlook, expecting total service revenue growth between 9% and 11%, with OEBITDA of $455 million - $465 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 3:50 pm

ACI

Albertsons Companies, Inc. (NYSE:ACI) reported Q1 net sales of $24.05 billion, beating the analyst consensus of $23.95 billion. Sales rose 3.17% Y/Y. Adjusted EPS was $0.93, beating the street view of $0.85. The company expects a $130 million headwind to Adjusted EBITDA for the remaining three quarters of fiscal 2023 due to a decline in providing COVID-19 vaccinations and at-home test kits.

Portfolio Pulse from Nabaparna Bhattacharya

July 25, 2023 | 3:50 pm

XLV

XLY

U.S. consumer confidence has reached its highest level since July 2021, driven by a strong job market and decreasing inflation. The Consumer Confidence Index rose to 117 in July, up from 110.1 in June. However, consumers' belief in the likelihood of a recession within the next 12 months increased slightly from 69.9% in June to 70.6%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and the Health Care Select Sector SPDR Fund (NYSE:XLV) could benefit from consumers’ indicated spending intentions.

Portfolio Pulse from AJ Fabino

July 25, 2023 | 3:50 pm